Trade

Third-party logistics providers engaged in international trade are facing the difficult decision of whether to thin staff or even close altogether in the face of a prolonged economic downturn caused by the coronavirus pandemic. "We are in a tough spot," Gabriel Rodriquez, president of Doral,...

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Ports have yet to deny container, dry bulk or tanker ships the right to load or unload cargo due to coronavirus outbreaks among crew. But things could get much dicier in the months to come. What happens will differ from country to country, and likely, from state to state and port to port. If...

Expanded inspections of Mexican tomatoes crossing the United States border are scheduled to start in less than two weeks. The U.S. Department of Agriculture (USDA) issued a reminder on Wednesday that the USDA Agricultural Marketing Service (AMS) will begin the enhanced inspections of tomatoes...

The Distilled Spirits Council of the United States (DISCUS) warned on Wednesday during its annual economic briefing in New York that a decade of expanding American whiskey exports is about to be bottled up by an ongoing U.S. trade war with the European Union. "The data is clear. These tariffs are...

The Office of the U.S. Trade Representative (USTR) in a report on Tuesday blasted the World Trade Organization (WTO) Appellate Body for overstepping its role in settling trade disputes between countries and called for its overhaul. "The Appellate Body's failure to follow the agreed rules has...

Image Sourced from Pixabay  

Image Sourced from Pixabay

If you are looking for a product that illuminates the shift in manufacturing taking place in Asia as a result of the U.S.-China tariff war, Peter Sand, the chief shipping analyst for BIMCO, suggests looking at U.S. imports of Christmas tree lights. "Cambodia is basically taking over in supplying...

House Speaker Nancy Pelosi, D-Calif., said the replacement to the 25-year-old trade agreement between the U.S., Canada and Mexico is now ready to move forward to ratification. "There is no question, of course, that this trade agreement is much better than NAFTA. But in terms of our work here, it...

The Trump administration and House Democrats on Tuesday announced a deal on the United States-Mexico-Canada Agreement, the replacement for the North American Free Trade Agreement. What Happened? Replacing NAFTA was one of President Donald Trump’s major 2016 campaign promises. House Speaker...

The U.S. sanctions on Chinese telecom giant Huawei Technologies Co. Ltd. are not just hurting the company’s business but the businesses of many other companies which are trying to sell smartphones in China, including Apple Inc (NASDAQ: AAPL). Huawei Strengthens Domestically Huawei’s...

Japan’s House of Councillors approved a trade deal between the two countries on Wednesday that will see the tariffs on U.S. imports in the country come down significantly, The Nikkei Asian Review reported. As part of the agreement, the U.S. government is expected to cut 92% of the...

President Donald Trump said Monday that he's reinstating tariffs on steel and aluminum from Argentina and Brazil, criticizing them for what he said is the cheapening of their currencies ot the detriment of U.S. farmers.  “Brazil and Argentina have been presiding over a massive...

President Donald Trump signed the Hong Kong Human Rights and Democracy Act late Wednesday night, a move that shows solidarity with protesters in Hong Kong and is sure to anger the Chinese government, with whom the president is negotiated a large-scale trade deal that affects the entire...