International Trade

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US, China trade chiefs hold ‘candid’ talks in first call

Bloomberg | May 27, 2021 | International Trade | Commodity

U.S. Trade Representative Katherine Tai and China’s Vice Premier Liu He had a “candid” first conversation as the two sides try to resolve some of their differences on trade.

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DOC planning to raise AD/CVD duties on Canadian lumber

AJOT | May 27, 2021 | International Trade | Commodity

The U.S. Department of Commerce (DOC) is preliminary set to increase antidumping (AD) and countervailing duties (CVD) on Canadian softwood lumber following AD and CVD administrative reviews. The increase could take place at the end of November and would double the current duties if implemented.

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Shortage of Asia-made jute bags threatens Nigerian cocoa exports

Bloomberg | May 27, 2021 | International Trade | Commodity

Nigerian cocoa exporters, which rely on imported jute bags to package their beans, are facing a shortage after some Southeast Asian factories slowed production due to a surge in coronavirus cases.

BEA News: GDP, 1st quarter 2021 (second estimate); corporate profits, 1st quarter 2021 (preliminary estimate)

AJOT | May 27, 2021 | International Trade

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China’s import scrutiny spurs US corn cancellations

Bloomberg | May 27, 2021 | International Trade | Commodity

China is clamping down on some corn imports amid concern that overseas purchases have spiraled out of control, prompting several feed mills to cancel their U.S. cargoes.