Data shows trade diverted from China to suppliers in Korea, Thailand, India Get ready for revved up debate on US tariffs on Chinese tires, set to expire September 26. As we’ve noted before, the US tariffs imposed in 2009 signaled a course change in US trade policy and...
The Top U.S. Trade Partner is Now Mexico
Mexico, steadily rising in rank to No. 12 among exporting nations, has eclipsed China and Canada to become the U.S.’s leading trade partner. Mexico is now the top U.S. trade partner, ranked by total value of import and export trade, according to Descartes...
Truce Called in U.S.-China Trade War
A 90-day truce has been declared in the escalating trade hostilities between the U.S. and China after a sidebar meeting at the G20 summit in Buenos Aires between Donald Trump and Xi Jinping. The U.S. has agreed to postpone for 90 days a tariff hike from 10% to 25% on...
NAFTA Negotiations: Can Round 8 Roll over Sticking Points?
Any company that relies on cross-border supply chains or sales needs to track and be ready to respond to the changing trade policies affecting global markets. The best way for businesses to stay ahead of these changes is through a robust Global Trade Management...
Global Trade Data: Metals Markets Rise on Post-pandemic Demand Surges, Supply Crunch
Market watchers who bet on a post-pandemic commodities supercycle are looking like the smart money. Resurgent demand chasing short supply is driving prices to premium levels across global markets. Among the hottest sectors, metals saw prices take off from March lows...
Coronavirus Stress Tests Supply Chains and Slows Trade Flow
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...
USMCA Retools the North American Trade Bloc for the 2020s
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...
U.S.-Japan Trade Talks Yield a Partial Deal
While negotiations between the U.S. and Japan are continuing with a view to a free trade agreement in 2020, the trade partners on September 25 announced a partial deal – an “early harvest” – that will open Japanese markets to more U.S. agricultural exports and reduce...
U.S. to End GSP Eligibility for India and Turkey
The Office of the United States Trade Representative announced an end to Generalized System of Preferences (GSP) eligibility for India and Turkey after finding the countries no longer meet the conditions for getting duty-free access to U.S. markets as developing...
NVOCC’s Import Cargo into the Top 25 U.S. Ports Outpaces GDP
Outpacing the gross domestic product (GDP), Non-vessel operating common carriers (NVOCCs) accounted for some 11.25 million 20-foot equivalent containers of import cargo (FAK, freight of all kinds) at the top 25 U.S. ports for the first six months of 2018. This is...