International Trade


CBP finds 450 pounds of cocaine concealed in a container chassis in Puerto Rico
International Trade
AJOT | Top Story | June 13, 2024

CBP finds 450 pounds of cocaine concealed in a container chassis in Puerto Rico

U.S. Customs and Border Protection officers found 450 pounds (204 kilograms) of cocaine concealed within a container chassis inside the M/V Blue Wave arriving Tuesday from the Dominican Republic...
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Europe needs more and cheaper EVs. Tariffs will keep them costly

Bloomberg | June 12, 2024 | Energy | Alternative | International Trade

The European Union needs more and cheaper electric vehicles. Brussels’ decision to impose new tariffs on Chinese-made models will keep prices higher for longer, and act as a deterrent to sales.

Tesla presses EU for lower tariff on EVs shipped in from China
International Trade
Bloomberg | Top Story | June 12, 2024

Tesla presses EU for lower tariff on EVs shipped in from China

Tesla Inc. has asked the European Union to subject its electric vehicles to a lower tariff rate than other manufacturers shipping cars into the bloc from China, arguing that it’s benefitted from less substantial state support.
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China exports deflation but US isn’t benefiting as ties weaken

Bloomberg | June 12, 2024 | International Trade

While the US and allies decry China’s industrial “overcapacity” and prepare to sharpen tariffs in response, those embracing links with the factory to the world are getting a hand in their efforts to tame inflation.

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Australia hopeful wine trade with China to recover as sales jump

Bloomberg | June 12, 2024 | International Trade

Australia is optimistic the nation’s wine trade with China will fully recover after sales surged following the end of punitive tariffs.

US expands Russia sanctions to target LNG projects, chips

Bloomberg | June 12, 2024 | Energy | International Trade

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US weighs more limits on China’s access to chips needed for AI

Bloomberg | June 12, 2024 | International Trade

The Biden administration is considering further restrictions on China’s access to chip technology used for artificial intelligence, targeting new hardware that’s only now making its way into the market, people familiar with the matter said.

China scoops up American soy after Brazil’s surprise tax change

Bloomberg | June 12, 2024 | International Trade | Commodity

EV leader Norway won’t follow EU on Chinese electric car tariffs

Bloomberg | June 12, 2024 | Energy | Alternative | International Trade

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EU to slap tariffs of up to 48% on EV imports from China

Bloomberg | June 12, 2024 | Energy | Alternative | International Trade | Maritime | Breakbulk News

The European Union will impose additional tariffs on electric cars shipped from China starting next month, taking levies to as much as 48% in a move that further escalates trade tensions and adds to the cost of buying an EV.

Oil driller Vista Energy to import new frack set in SLB deal

Bloomberg | June 11, 2024 | International Trade

UAE boosts imports of Iraqi Crude after oil refinery upgrade

Bloomberg | June 11, 2024 | International Trade

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Costly US sugar tariffs drive candy makers over the border to Canada

Bloomberg | June 10, 2024 | International Trade | Commodity

Sweets production has expanded in Canada as companies look to supply sugar-hungry North American households while avoiding US protectionist policies.

Monthly import cargo set to hit highest level since 2022
International Trade
AJOT | Top Story | June 10, 2024

Monthly import cargo set to hit highest level since 2022

Monthly inbound cargo volume at the nation’s major container ports is expected to reach its highest level in nearly two years this summer, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates...
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Philippines ban bird imports from Australia over Bird Flu

Bloomberg | June 10, 2024 | International Trade

The Philippines has banned imports of birds and poultry products from Australia following recent cases of bird flu in the country...

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Raimondo announces IPEF agreements signed in Singapore, announces $23B in priority infrastructure projects at inaugural Clean Economy Investor Forum

AJOT | June 06, 2024 | International Trade

U.S. Secretary of Commerce Gina Raimondo met with the IPEF partners to advance progress on Pillars II, III, and IV – the supply chain, clean economy and fair economy pillars – and to kick-off the inaugural Clean Economy Investor Forum with 22 U.S. companies, driving sustainable infrastructure & clean technology investments in the region.

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US trade gap widens to $74.6 billion, largest since October 2022

Bloomberg | June 06, 2024 | International Trade

The US trade deficit widened in April to the largest since October 2022 on a surge in imports of goods including motor vehicles, computers and industrial supplies.

Israel risks losing Colombian coal supplies over Gaza war

Bloomberg | June 06, 2024 | International Trade | Commodity

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