U.S. Exports More Diesel as Global Shortage Fuels Competition
The U.S. is exporting more diesel than it has in years as buyers in Europe and Latin America vie to secure supplies that have tightened since Russia’s invasion of Ukraine. Waterborne…
CPA Applauds Commerce Department for Initiating Investigation into Illegal Chinese Circumvention
The Coalition for a Prosperous America (CPA) released a statement after the Department of Commerce initiated an anticircumvention investigation into Chinese companies operating in Malaysia, Thailand, Vietnam, and Cambodia that…
New World Order? Back-To-Back Punches Of Covid, War Rattle Globalisation
Larry Fink, the head of financial giant BlackRock, put it bluntly: “The Russian invasion of Ukraine has put an end to the globalisation we have experienced over the last three…
Canada to resume exports of P.E.I. potatoes to U.S. after potato wart halted trade
“Given the history of disease detections, U.S. potato growers fear that potato wart in Prince Edward Island is far from under control,” the council said in a statement, citing the…
U.S. Restores Waivers for Some Chinese Goods Hit by Tariffs
The Biden administration plans to reinstate exemptions from Trump-era tariffs on about two-thirds of Chinese products that were previously granted waivers, most of which expired by the end of 2020….
U.S., U.K. Reach Deal to Ease Tariffs on Steel and Aluminum
The deal will allow 500,000 metric tons of steel annually to be imported duty free, with higher amounts subject to tariffs, starting June 1, the Commerce Department said in a…
China Turns to U.S. Corn as War Puts Ukraine Supplies at Risk
China is ramping up corn purchases from the U.S. as Russia’s invasion of Ukraine snarls grain exports and puts spring plantings in doubt, pushing prices higher in Chicago. The world’s top…
Why We Don’t Need a UK Free Trade Deal
For starters, both the U.S. and U.K. default tariff rates (UK calls their most favored nation default rate their “global” tariff rate) are already low. The Global Tariff averages at…
U.S. Trade Deficit Swells to Record as Goods, Oil Imports Surge
The U.S. trade deficit swelled in January to a record, reflecting pickups in the values of imported capital equipment and consumer goods as well as crude oil. The January gap…
China lifts restrictions on Russian wheat imports
Feb. 4. China signs a 30-year gas supply deal with Gazprom to build a new pipeline. And a 10-year oil supply deal with Rosneft. Feb. 25. China lifts all restrictions…