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Panjiva Daily: Retail sourcing strategies vary as tariff risks remain; Ikea leaves America

Global 905 Panjiva Daily 365

Major U.S. retailers including Target and Best Buy have yet to switch their sourcing away from China, though their import patterns outside of China vary significantly. Ikea meanwhile is closing its U.S. factory having increased imports from Brazil and Thailand. Also: Long Beach comes up short as trade war trims seaport activity; Under Armour, Lands End drive Eclat sourcing more than tariffs; Cargill, Sucden down after India’s sugar subsidy rush; Panama pushes ahead as Suez channels trade war pain; a better plan doesn’t mean faster passage for USMCA; India joins the falling export club.

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