More than a quarter of US supply inputs into US industry are met through imports. This ranges from about 9% for farm related imports to as much as 84% for apparel and leather products. Import tariffs will affect both the end cost of consumer goods and exports. This article discusses which segments are likely to see the biggest impacts from higher import tariffs.
Posts tagged as “Mexico”
This year Japan has witnessed an uptick in both air and containerised ocean trade. But things are not always as they seem, with much of this growth a consequence of the depreciation of the Japanese Yen. Nevertheless, some sectors and markets are showing real growth and changing dynamics in the world trading system may bring opportunities in the medium term. This includes semiconductors and automotive, and trade with Southeast Asia and North and Central America.
Mexican trade has shown healthy growth this year, with export value up 7% and imports 6% for the first half of the year. Both import and export growth has been primarily driven by the automotive sectors as well as industrial equipment and parts. Data indicates that Mexico is benefiting from tensions between the US and China, particularly in relation to automotive imports and exports.