Add climate change to the factors that shape global trade. Along with exchange rates, costs of production, availability of raw materials and market demand, a change in climate can redirect trade flows, raise the price of trade goods and create openings for new...
No fooling: if you favor plain vanilla, your ice cream cone may cost you more this summer, thanks to pricey vanilla beans. Blame it on last year’s bad crop in Madagascar. As Eater reports, demand for vanilla (among spices, second only to saffron in price) is up while...
NVOCC US import TEU share reached 37.4% in 2015, a bump up from 2014’s share of 36.0%, and a 10 percentage point gain over 10 years, our trade data shows. Global companies’ confidence that more shippers will be outsourcing their logistics is seen as driving M&A...
Liquor delivered another year of growth in 2015, according to the Distilled Spirits Council of the United States – or DISCUS. Domestic supplier sales were up 4.1% and volumes up 2.3%. A key driver of growth is demand for American whiskeys – Bourbon, Tennessee and Rye...
Do you know where US beef comes from? Until last month, you could find out where your hamburger came from by reading the label on the package. Labeling meat products to disclose where the animal was born, raised and slaughtered was mandatory. But Congress has repealed...
Nearly time to toast the New Year with a glass of champagne from – where else? – France’s Champagne region ... or perhaps you prefer a crémant de Bourgogne, or cava from Spain, or prosecco from Italy? If so, you’re part of a trend. Sparkling wine sales in the US were...
US tariffs on Chinese steel imports could near 500% with the Commerce Department International Trade Administration’s preliminary decision to slap anti-dumping duties of 256% on corrosion-resistant steel – this on top of countervailing duties of 236% imposed in...
’Tis the season for (no, not Santa, that’s next week) ... fresh grapes imported from Chile! As the Northern Hemisphere swings into winter, shipments of fruit from the Southern Hemisphere ramp up. Leader of the pack, the first Chilean table grapes have shipped, reports...
America’s busiest ports are sending a warning about the US economy, according to the Wall Street Journal. Citing data from Zepol (now part of Datamyne), the WSJ reports that imports at the three busiest ports – Los Angeles, Long Beach, and New York-New Jersey – fell...
Yet another sign that electric cars are catching on: A new 10-digit Harmonized Tariff System code has been established for the lithium-ion batteries used to power electrical vehicles: HS 8507.60.0010. Until now, the HS codes did not distinguish between EV batteries...
