US Commerce Secretary Signals Expanding Tech Export Controls to Slow China's Tech Advancements
U.S. Commerce Secretary Gina Raimondo stated in an interview that more controls on tech exports to China will be implemented as needed, despite concerns from businesses.
China Surpasses Japan as Largest Auto Exporter, Fueled by Electric Vehicle Growth
China has surpassed Japan as the largest auto exporter during the first half of the year, exporting 2.34 million vehicles compared to Japan's 2.02 million, marking the first time this has occurred at the half-year mark.
U.S. and Qatar are tied for world’s largest LNG exporter
LNG stands for liquefied natural gas, a form of natural gas that has been cooled to a liquid state, making it easier to store and transport.
The U.S. Trade Representative is extending tariff exclusions on Chinese products
A total of 352 products from China were issued tariff exclusions that were scheduled to conclude within the following two weeks at the close of 2022.
U.S. ports of call are changing for Asian markets
The Ports of Los Angeles and Long Beach were once king of the West Coast and absorbed the vast majority of goods being shipped to the U.S. from overseas.
Covid-19 restrictions have shut down a key Chinese facility for Apple iPhones
The company’s primary assembly facility in Zhengzhou, China is operating at a “significantly reduced capacity” due to the country’s strict restrictions regarding the Covid-19 virus.
Russia has officially pulled out of the UN-brokered grain agreement
The Ukrainian Grain Corridor, originally made possible with the assistance of the neighboring country Turkey and the United Nations is no more.
China’s manufacturing power is shrinking
Though the country is still raking in the cash, there is a decline in global exports coming out of China.
Ukraine says Russia is not allowing full grain capacity
Ukraine has accused Russia of blocking seven vessels carrying grain from sailing to Asia and Europe, despite the Black Sea grain deal implemented by the United Nations.
Domestic resin market is growing
Port congestion, shipping costs, and equipment shortages have held back the U.S. resin industry from broadening overseas.
Pineapples from Costa Rica cloudy history before they show up in your grocery store
The largest exporter of pineapple across the globe is Costa Rica, but it doesn’t come easy.
Foreign goods are cheaper than ever to import
Manufacturers in the United States are likely to suffer from the value of the dollar going up as US-made goods become more and more expensive for buyers internationally.
Mississippi River runs low, possibly stranding U.S. grains
The Mississippi River is shrinking and the largest barge operator in the U.S., Ingram Barge Company, is wanting the historically low water levels will hinder deliveries.
Canadian grain spilleth over; rail system is overwhelmed
Canada’s grain harvest was astronomical this fall - the 3rd largest crop on record - but the country is struggling to get enough rail cars to transport it all.
Ford warns of price increases while dealing with exports stuck in U.K. ports
Ford Motors is among the companies waiting on products to be exported through the ports currently dealing with worker strikes.
Brazilian soybean crops are ramping up the competition
Want more soy? Brazil is here to get you what you need.
Ships traveling through “Ukraine Grain Corridor” struggle to get insured
Russia, Ukraine, Turkey, and the United Nations are gathering this week to sign a deal meant to guarantee the safe passage of grain from Ukraine across the Black Sea.
U.S. trade gap shrinks due to increase in exports
The shrinkage comes in light of a pickup in exports and has elevated the second-quarter gross domestic product.
Shanghai reopens, bringing massive cargo surge to CA ports
While the port of Shanghai was technically in operation during the three-month shutdown due to Covid-19 restrictions, the operations were slowed significantly.