The number of home appliances imported from China in the United States fell sharply in January

The number of home appliances imported from China in the United States fell sharply in January

According to Panjiva, a global supply chain intelligence agency, the trade war has had an impact on US imports from China, and the number of home appliances entering the US market in January has fallen sharply.

In January, the import volume of refrigerators fell by 23.9% year-on-year, and the import of vacuum cleaners fell by 14.9%. These two appliances have been subject to a 10% tariff since September last year. After a significant increase in imports in December last year, imports of many categories of products have fallen sharply.

Overall, US imports rose by 22.6% in December, and average imports rose by 14% in the fourth quarter of 2018. Imports from China fell by 1.5% in January this year.

According to the Panjiva report, Samsung Electronics and LG Eletronics cut shipments in January by 85.7% and 97.0%, respectively, in major consignors of home appliances such as refrigerators and vacuum cleaners. The Amplify online retail exchange-traded fund (IBUY) has risen 6.4% in the past three months, the SPDR S&P retail exchange-traded fund has fallen 7.3% over the same period, and the S&P 500 index has risen 0.3%.

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