2018 Ends With a Bang as China Tariff Worries Buoy U.S. Imports — Panjiva
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2018 Ends With a Bang as China Tariff Worries Buoy U.S. Imports

China 3063 Cons. Discr. - Apparel 537 Cons. Discr. - Autos 1255 Cons. Discr. - Durables 585 European Union 890 India 563 Industrials - Capital Goods 625 Info Tech - Tech Hardware 877 Japan 638 Materials - Chemicals 280 Materials - Metals/Mining 803 South Korea 609 Tariffs 1878 Trade Balance 935 U.S. 5418

U.S. seaborne imports surged 8.8% higher in December compared to a year earlier, including a 13.4% increase for containerized freight, defying expectations of a slowdown. Imports from China were the main driver with a 14.6% increase. The agreement between President Xi Jinping and President Donald Trump to suspend tariff increases was only reached at the start of December and Transpacific shipments take four to seven weeks to complete. Consumer-related products continued their steady expansion. Furniture imports led the way with a 23.4% jump. Industrial supply chains were more mixed wi...

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