International Trade

Philip Morris International Inc. faces the possibility of having imports of its IQOS heated-tobacco sticks to the U.S. blocked as early as November in an intensifying legal battle with British American Tobacco Plc over cigarette alternatives.

The U.S. must take “aggressive” steps to combat China’s “unfair” trade practices while also investing in American manufacturing to return production to the country, said Gina Raimondo, President Joe Biden’s nominee for Commerce secretary.

Stronger yuan is eating away profits just as new Covid cases could revive  a labor crisis

A global shortage of shipping containers that’s sent ocean freight rates skyrocketing shows signs of easing, according to an index that tracks the steel boxes used to transport 90% of the global trade in goods.