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Tariff Quote Watch: Syngenta Harvests The Cost Of Tariffs With Lower Income

Ags - Softs 128 China 2874 European Union 763 Materials - Chemicals 202 Quote Watch 426 Switzerland 7 Tariffs 1765 U.S. 5161

Syngenta blamed tariffs and flooding for a recent 34.0% year over year fall in net income, CFO Mark Patrick has stated “the economics now with these tariffs has meant it’s had impacts on Mexican farmers. It goes to resolution of current trade disputes that are ongoing between the United States and a number of geographies.” The trade war and supply chain disruptions didn’t drag on Syngenta’s U.S. seaborne imports though with shipments from China up 54.4% year over year in 2Q while shipments from the EU increased 18.0%. Yet, total shipments fell 9.1% on weaker Swiss shipments. As a result ...

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