International Trade

CAGTC applauds Senate “National Multimodal Freight Policy and Investment Act”

AJOT | June 29, 2015 | International Trade

Senators Cantwell, Booker, Murray and Markey Introduce S.1680 to Support Multimodal Goods Movement Read More »

Chief Lagarde says disappointed over inconclusive talks with Greece

Reuters | June 28, 2015 | International Trade

The head of the International Monetary Fund said Sunday she is disappointed in the stalemate over talks to prevent Greece from defaulting on its IMF debt, but said the euro area is in a “strong position” to respond effectively to developments. Read More »

Greece’s creditors propose targeting shipping sector

Reuters | June 26, 2015 | International Trade

Under the latest proposals made by Greece’s creditors, the country’s shipping companies face paying a higher tonnage tax and a phasing-out of special tax allowances which they have enjoyed, according to documents seen by Reuters. Read More »

Congress Passes Final Legislation to Renew GSP

AJOT | June 26, 2015 | International Trade

GSP renewal legislation has finally passed in both the House and the Senate. The legislation will now go to the President for his signature. Read More »

US Congress victory moves Obama’s Pacific trade pact forward

AJOT | June 25, 2015 | International Trade

Legislation vital to securing the largest U.S. trade deal in decades was passed by the Senate by a comfortable margin, advancing President Barack Obama's efforts to strengthen U.S. economic ties around the Pacific Rim. Read More »

US and China to cooperate to end ‘massacre’ of wildlife

AJOT | June 25, 2015 | International Trade

U.S. and Chinese officials agreed during high-level talks in Washington to work together to end the "massacre" of wildlife and reduce the flow of illegal wildlife trafficking, a senior U.S. official said. Read More »

US, China stress positives, but fail to narrow differences

AJOT | June 25, 2015 | International Trade

The United States and China sought on Wednesday to stress the positives in their relationship after three days of high-level talks, but failed to narrow differences on the most contentious issues of cyber and maritime security. Read More »

Obama looks abroad to secure his legacy

AJOT | June 25, 2015 | International Trade

At a moment when much of the world is watching Greece, one of the most critical moments in Barack Obama’s presidency is also fast approaching. Read More »

McDonald’s plans to sell Taiwan stores to franchise operator

AJOT | June 25, 2015 | International Trade

McDonald's Corp said it is aiming to sell all of its 413 Taiwan-based stores to a franchise operator, as the U.S. fast-food chain looks to cut costs globally and turn around its flagging China business. Read More »

GM’s Chevy brand puts hopes for global growth on Cruze

AJOT | June 25, 2015 | International Trade

General Motors Co unveiled the new-generation Chevrolet Cruze compact car, a linchpin of its effort to attract new buyers to the brand and a symbol of the U.S. automaker's competitive challenges. Read More »

Subaru recalls 72,000 vehicles in US for possible auto brake failure

AJOT | June 25, 2015 | International Trade

Subaru is recalling 72,000 newer-model vehicles in the United States because the automatic pre-collision braking part of the driver-assist system could fail, increasing the risk of a crash, according to documents posted online by U.S. safety regulators. Read More »

Boeing plans to further slow 747 jet production in 2016

AJOT | June 25, 2015 | Air Cargo | International Trade

Boeing Co said it would slow production of its 747-8 jumbo jet by 23 percent to one per month starting in March, an effort to keep the production line running amid sluggish demand for the iconic, humped-top plane. Read More »

Goodyear to shut down UK manufacturing plant, cut 360-390 jobs

Reuters | June 25, 2015 | International Trade

Goodyear Tire & Rubber Co, the largest tire maker in the United States, said it would shut down its Wolverhampton, England manufacturing plant and transfer production to Europe, the Middle East and Africa (EMEA) to cut costs. Read More »

Retailers call Senate passage of TPA ‘landmark step toward tearing down trade barriers’

Reuters | June 24, 2015 | International Trade

The National Retail Federation issued the following statement from President and CEO Matthew Shay on Senate passage of Trade Promotion Authority: Read More »

US firms fear financing drought as deadline looms for trade bank

AJOT | June 24, 2015 | International Trade

A battle in Congress that could shut down the U.S. Export-Import (Ex-Im) Bank next week is already causing headaches for small exporters as they try to stop customers from defecting to foreign competitors and as export financing starts to freeze up. Read More »

Senate pushes Obama’s Pacific Rim trade pact forward

AJOT | June 24, 2015 | International Trade

President Barack Obama's call for "fast-track" trade negotiating authority to help him strike a Pacific Rim deal cleared a key hurdle in the U.S. Senate, paving the way for a final vote on the legislation. Read More »

EU industry group says trade defenses against China must stay

AJOT | June 24, 2015 | International Trade

European businesses from bicycles to steel will release a report concluding that China has a state-led and subsidized economy and should not benefit from a change of global trade rules next year. Read More »

Japan says broad agreement on Pacific trade deal possible in July

AJOT | June 24, 2015 | International Trade

A broad agreement on a Pacific rim trade deal could be reached next month, Japan's Economy Minister Akira Amari said, as the U.S. Senate moved towards a vote on giving President Barack Obama "fast-track" negotiating authority. Read More »

Australia to be sixth-biggest shareholder in AIIB

AJOT | June 24, 2015 | International Trade

The Australian government said it would contribute A$930 million ($718.9 million) over five years to the new China-led Asian Infrastructure Investment Bank (AIIB), making it the institution's sixth largest shareholder. Read More »

China seizes $483 million of smuggled meat, some 40 years old

AJOT | June 24, 2015 | International Trade

Chinese customs have seized around 3 billion yuan ($483 million) worth of smuggled meat, some more than 40 years old and rotting, the official China Daily said on Wednesday, the latest in a grim series of food safety scares. Read More »