Analysis-Companies Race to send goods to the United States before possible rates


By Ariana Mclymore, Helen Reid and Emma Rumney

New York/London (Reuters)-in recent months, many business executives have said that they were adopting a expected approach to United States President Donald Trump, wide rates threats. The first holidays’ earnings report show that many of them were not.

Automobiles such as General Motors and Mercedes, French manufacturers of French cognac and Italian producers of Parmesan cheese and sparkling wine have shake their deliveries in the United States. Meanwhile, basic product buyers increased steel, aluminum and soy purchases.

“We see that companies currently carry their imports to the United States,” said Patrick Lepperhoff, CEO of the Investo Investo Cologne Inverto.

“They have molded scenarios about the amount that could be affected by the rates and have decided on widespread importance of importing volumes in order to be covered for a certain time.”

Executives have described Reuters and at conferences shouting the challenges of an environment that Trump’s changing plans in Trump could increase world trade and promote some companies to move production to the United States.

Even before returning to the post this month, the uncertainty prompted companies to have a hurry. U.S. commercial deficit increased to a record of $ 122 million in December, as imports of goods increased by 4% and exports dropped by 4.5%.

Pacsun, who sells casual clothes for young adolescents and adults, is one of the many retailers who matter products.

CEO Brieane Olson told Reuters that the private company had provided some of its sales from the first quarter before the part of the contingency plans. It also has a “fare task” that meets twice a week to work with suppliers on the subject.

“Pacsun has a very proactive plan for what we can do to help our suppliers and vendors better,” said Olson.

Trump’s threats have gone from possible 100% to 200% rates in Mexico cars to universal rates of all imported goods.

Proof of its resolution will arrive on Saturday, when the President of the United States has said he plans to introduce duties on the imports of neighbors and main commercial partners Mexico and Canada.

Numerous sectors could be affected. The United States imported about $ 844 million in Canada and Mexico goods by 2024, approximately 28% of all imports, according to the United States Federal data.

The efforts to prepare have already given some companies a boost. The German chemical company Lanxess said that the benefits of the fourth quarter were significantly better than expected due to the advanced purchase of American customers.

Italian producers have sent more Parmigiano Reggiano cheese to the United States, according to the Industry Trade Association, which he said he hopes to obtain exemptions for their premium foods.



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