Global trade trends show that U.S. imports surged in the run-up to the holidays. But after nine months of pandemic shut-downs, following on a year of trade dampening tariffs, the fall’s record volumes are largely making up for the losses in the spring. 2020’s year-end TEU tally is likely…
U.S. Alcohol Imports – By Volume Heavily impacted by COVID-19 during the first half of 2020, imports of wine and spirits under chapter 22 of the Harmonized Tariff Schedule (HTS) continue to lag behind 2019. According to the latest available trade data from Descartes Datamyne, this decline continues despite a…
Pharmaceutical imports and imports of chemicals under Section VI of the Harmonized Tariff Schedule (HTS) are likely to be one of the sectors most notably impacted by the coronavirus pandemic over the next several years. The commonly held belief is that Covid-19 has highlighted vulnerabilities in the U.S. medical…
Last year closed with a Phase One agreement to “reset the relationship” between the U.S. and China. Roughly the same time, the first cases of the novel coronavirus were presenting themselves in Wuhan. The COVID-19 pandemic’s impact on global markets will dwarf the effects of any trade policy…
Sophisticated and globally connected supply chains have made the movement of goods more efficient and accessible but, at the same time, susceptible to economic crisis and natural disasters such as the financial crisis in 2008 and the Asian Tsunami in 2011. While many lessons have been learned from past…
Companies in diverse sectors, including consumer electronics, automobiles and automotive parts, pharmaceuticals, and apparel are warning they are mere weeks away from running out of production-critical supplies as Chinese factories shut down and cross-border commerce is contained to limit contagion. There are few precedents for projecting the knock-on effects of…
Approved by Congress and signed by President Trump on January 29, the U.S.-Mexico-Canada Agreement is one big step closer to entering into force. Mexico was first to ratify the trade pact on June 19, 2019. Canada’s House of Commons will be taking up the USMCA this February. For the time…
President Donald Trump and China’s Vice Premier Liu He have signed an initial agreement that commits China to policy changes on intellectual property (IP), technology transfer, financial services, and currency management. China also promises substantial purchases of goods and services from the U.S. Announced in mid-December, the U.S.-China Phase One…
Take a test drive of Datamyne 3.0, available with 3 months of US Trade Data.