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.
Bye, Brits! Vietnam wins a spot in the U.S. top 7 trading partners
The United Kingdom is being pushed out of the exclusive list for the first time since 2004 as Vietnam’s share of the U.S. merchandise trade grew this year by 2.7%.
Union Pacific freezes freight rail embargoes after federal scrutinization
The Surface Transportation Board, a federal oversight board that analyzes transportation service levels, is scrutinizing the Union Pacific Railroad’s controversial embargo use.
Mexico welcomes a new Tesla manufacturing plant
Santa Catarina in Monterrey city, the capital of Nuevo Leon state, is to be the home of the newest electric vehicle assembly plant.
Trade barriers are causing issues in eliminating plastic waste from oceans
According to the Asia-Pacific Economic Cooperation, the overwhelming amount of visa requirements, tariffs, and restricted access to certain areas of the ocean are hindering the decades-long efforts to clean up the beaches and oceans across the globe.
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.
Insurance companies are backing away from coverage of vessels going to Russian or Ukrainian ports.
Shipping firms transporting commodities such as oil and grains are beginning to panic as underwriters begin to pull back from reinsuring any risks that are related to the Russia-Ukraine war.
American retailers are asking suppliers to slow down on sending merchandise
An excess of merchandise is sitting untouched on US retail companies’ shelves.
The Russia-Ukraine war has taken its toll on the U.S. economy
The United States’s dependence on Ukrainian and Russian-originated neon gas, palladium, platinum, and pig iron have been highlighted as some of the most affected commodities since February 2022.
China is calling out the U.S. to the WTO
China has filed an official complaint with the World Trade Organization over the United States’s export controls on the nation, designed to limit China’s ability to increase its domestic semiconductor manufacturing industry.
Omicron, who? UK train strikes are what’s affecting retailers
The variant of COVID-19 that was said to destroy the Christmas season for retailers in 2021 is now in the backseat as the latest wave of strikes hit the United Kingdom’s rail network.
Port of Savannah congestion eases after November volume drops
With seventeen container ships sitting in a vessel queue outside of the Port of Savannah, Georgia’s harbor, it’s a pleasant relief after the reported thirty ships in line in October.
China will likely hold a dominant position in the electric vehicle sector for years to come
By being the top dog in mining and refining lithium, nickel, graphite, rare earth elements, and other essential green-energy minerals - China has led the pack for years.
The European Union and the United States are toe-to-toe over the Inflation Reduction Act
Otherwise known as the IRA, the legislation is essentially the United States’s $370 billion climate plan, offering huge subsidies and consumer tax breaks for North American automakers.
U.S. plastic manufacturing is back on the up and up
After twenty years of falling by the wayside, the United States is reclaiming an advantage over China as plastic products are brought back to be produced domestically.
Global shipping strategies in 2023 will lean heavily on reducing costs
A survey of large shippers over the past twelve months shows that 62% of companies are viewing cost-reduction strategies as a top priority next year.
The EU is dealing with an antibiotic shortage
New healthcare supply-chain concerns are rapidly spreading across Europe, reporting shortages of amoxicillin, cephalosporins, and other regularly used antibiotics.
Trump-era steel tariffs violate global trade rules, says WTO
The World Trade Organization (WTO)’s recent ruling has condemned Trump-era tariffs on steel and aluminum, calling it a violation of global trade rules.
Supply chains are beginning to finally unclog after two years of back-up
The nation’s two largest ports, Los Angeles and Long Beach were home to 109 containerships queuing off the coast as recently as January of 2022.
Germany’s government is taking a bold stand against Russia
German Chancellor Olaf Scholz’s cabinet outlined new regulations this week, highlighting critical infrastructures on a federal level to protect the country from Russian threats against its economy.