Report
Patrick Artus

What does the trend in US imports tell us?

US foreign trade has been affected by significant developments: The significant appreciation of the dollar since 2014; The tariffs introduced by Donald Trump from 2017. The first development reduces US import prices, while the second increases them. Al together , import prices have fallen in the United States since 2014 despite the tariffs . We can then look at the trend in US imports: Overall, US imports in volume terms depend very little on import prices; A geographical breakdown of US imports shows that imports from China have been replaced by imports from other sources, without any fall in total US imports.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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