US imports from China freezes over,news by Hebei longsheng
| U.S. import growth from China freezes over; appliance shipments drop The U.S.-China trade war ceasefire declared in early December is due to run through Mar. 1. A lack of urgency in building inventories in January led U.S. imports of containerized freight from China to fall 1.5% year over year a 14.0% increase in 4Q. That’s largely been down to a decline in industrial products and capital goods. The largest drop came from household appliances including refrigerators – which fell 23.9% year over year – and vacuum cleaners which dropped 23.9%. There’s little prospect of exemptions from the tariffs being granted, and iRobot has already stated that further tariffs could cut demand for household electricals. Samsung Electronics and LG Electronics both slashed their shipments of refrigerators in January with cuts of 85.7% and 97.0% year over year respectively. |
