As investors bet on the future of gasoline fueled automobiles, palladium trade is on the rise, and with it the price of this precious metal. The price of palladium has surged 39% so far this year, making it the leading contender for the title of best performing...
U.S. Opens AD/CVD Investigation into PET Resin Imports
Commerce Dept. considers whether imports of polyethylene terephthalate (PET) from five countries harm domestic producers. Canada launches its own inquiry into PET resin imports. The U.S. Commerce Dept. International Trade Commission (ITC) announced October 17 the...
Free Web Seminar: Food Importers Must Urgently Comply with a Critical Regulation
Register to attend on Oct 17th at 2pm ET Please join us for a free web seminar featuring U.S. FDA regulatory expert Bracey Parr from Register Corp, and Descartes’ domain specialist, Lisa Wallerstein, as we cover the Foreign Supplier Verification Program (FSVP)....
U.S. Ethanol Exports Face New Tariffs
Rising U.S. ethanol exports are facing new tariffs in key markets – first China and now Brazil. Will protectionism reshape the renewable fuels market? U.S. ethanol exports have been hit with a new tariff by top market Brazil. Industry watchers, who keep close tabs on...
U.S. Broadens North Korea Sanctions
President Trump’s executive order authorizes the Treasury Dept. to enforce economic sanctions against foreign companies, financial institutions and individuals that do business with North Korea. A new executive order signed Thursday by President Trump significantly...
Condition Whiskey: Southeast Ports Get Set for Hurricane Irma
Preparations are underway at ports in the projected path of Hurricane Irma, expected as of Friday morning to move up the Florida Keys and hit the continental U.S. near Miami this weekend. The ports of the U.S. Virgin Islands and Puerto Rico are closed – the Coast...
Commerce Dept. Imposes Steep Duties on Biodiesel Imports
Preliminary determination in AD/CVD investigations sets rates as high as 68 percent for duties on biodiesel imports from Argentina and Indonesia. Duties are applied 90 days retroactively to Argentine shipments. The Department of Commerce has determined that exporters...
Hurricane Harvey Disrupts Trade as Record Rains Hit Texas Coast
Examining the Strategic Role of Affected Deep-water Ports As of today (August 30), it’s too soon to gauge Hurricane Harvey’s impact, let alone target dates for recovery. Even as the rains eased in Corpus Christi (near the hurricane’s landfall) and Houston, Harvey has...
U.S. Tightens Venezuela Sanctions
More Venezuelans join the Office of Foreign Assets Control (OFAC) list of sanctioned individuals. A new executive order prohibits U.S. dealings in Venezuelan government stocks and bonds. The U.S. continued to ratchet up Venezuela sanctions with the aim of achieving...
USTR Outlines Objectives in Renegotiating NAFTA
The USTR plan for renegotiating NAFTA is largely about bringing it in line with trade policies developed since 1994. What’s really new: The U.S. states its goal is to reduce the U.S. trade deficit. Talks are set to open August 16. The first round of talks to revise...