International Trade

US trade chief meets Pfizer, AstraZeneca about vaccine supply

Bloomberg | April 27, 2021 | International Trade

https://www.ajot.com/images/uploads/article/Bvlgari_with_seal.JPG

CBP officers in Cincinnati seize $4.26 million in fake jewelry

AJOT | April 27, 2021 | International Trade

On April 26, U.S. Customs and Border Protection (CBP) officers in Cincinnati seized 9,377 pieces of jewelry from a shipment originating in China and destined to an address in McAllen, Texas.

https://www.ajot.com/images/uploads/article/560x-1-7.jpg

US companies bump up prices on supply squeeze and demand boom

Bloomberg | April 27, 2021 | International Trade | Commodity | Logistics

U.S. companies face soaring bills for all kinds of materials that they need to do business -- and surging demand is helping them pass on those higher costs to their customers.In early-season earnings calls, executives from burrito chain Chipotle Mexican Grill Inc. to appliance giant Whirlpool Corp. and diaper maker Procter & Gamble Co. have outlined price hikes, largely in response to rising materials costs. Their comments back up the data that show inflationary pressures building in the economy as the pandemic recovery gains speed.

https://www.ajot.com/images/uploads/article/Longhorn_Beetle_1.jpg

CBP agriculture specialists prevent destructive foreign pests from entering the US

AJOT | April 27, 2021 | International Trade | Commodity

U.S. Customs and Border Protection Agriculture Specialists (CBPAS) issued 214 emergency action notifications during the first quarter of 2021. Emergency Action Notifications (EAN) alert trade entities of non-compliance with Animal and Plant Health Inspection Service (APHIS) regulations. The EAN provides options for phytosanitary actions that must be taken to prevent the entry of plant pests, prohibited plant products, or animal products capable of introducing foreign animal diseases.

Putin’s bid to ditch dollar picks up as exports move to euro

Bloomberg | April 27, 2021 | International Trade

France warns U.K. of ‘retaliation’ in post-Brexit banking

Bloomberg | April 27, 2021 | International Trade

Brexit deal will protect EU’s single market, Von Der Leyen says

Bloomberg | April 27, 2021 | International Trade

Russia ditches the dollar in more than half of its exports

Bloomberg | April 26, 2021 | International Trade

Gain in US durables orders trails forecast on plane bookings

Bloomberg | April 26, 2021 | Air Cargo | Airlines | International Trade

https://www.ajot.com/images/uploads/article/-1x-1-24.jpg

‘Made in Quebec’ strawberries offer hope for food autonomy

Bloomberg | April 26, 2021 | International Trade | Commodity

The pandemic, with its broken supply lines and closed borders, has been a worrying reminder of Quebec’s dependence on imported food. Roughly 75% of its fresh fruits and vegetables, in fact, come from elsewhere.

https://www.ajot.com/images/uploads/article/560x-1-6.jpg

Frustration builds on world’s longest border as Canada goes slow

Bloomberg | April 26, 2021 | International Trade

Canada’s Justin Trudeau has a border problem. Like his counterpart in the White House, he’s being pummeled by his political opponents for it.Canada’s land border with the U.S., the world’s longest, has been shut to many foreign travelers for more than 13 months. Non-essential workers entering the country are required to quarantine for two weeks. The rules have blocked tourists, kept families apart, prevented students from visiting college campuses and hurt trade-dependent manufacturers.

Biden exploring border adjustment tax to fight climate change

Bloomberg | April 26, 2021 | International Trade

GM’s giant pickup factory in Mexico embroiled in labor fight

Bloomberg | April 26, 2021 | International Trade

FirstGroup Sells U.S. School Bus Arm in $4.6 Billion Retreat

Bloomberg | April 23, 2021 | International Trade

Aluminum commands record premium in US amid economic recovery

International Trade

Bloomberg | Top Story | April 22, 2021

Aluminum commands record premium in US amid economic recovery

The premium buyers pay to have aluminum shipped to the U.S. Midwest touched a record high, surpassing the level reached six years ago when banks and trading houses famously joined in “merry-go-round deals” at warehouses to collect higher rents.

Cracks emerge in US-led intelligence pact over China approach

Bloomberg | April 22, 2021 | International Trade

South Africa set to use J&J shots after resolving contract spat

Bloomberg | April 22, 2021 | International Trade

US weighs global vaccine-expansion move opposed by drugmakers

International Trade

Bloomberg | Top Story | April 21, 2021

US weighs global vaccine-expansion move opposed by drugmakers

The Biden administration is weighing an appeal from progressive Democrats to accelerate global access to Covid-19 vaccines by supporting a waiver of intellectual-property protections, a move opposed by big drugmakers.

China corn imports to surge to record high this year, US says

International Trade

Bloomberg | Top Story | April 21, 2021

China corn imports to surge to record high this year, US says

China’s appetite for the world’s corn is expected to hit a record this year -- and next season’s import haul will be the second largest -- as the Asian nation grapples with its own grain shortfall.