International Trade

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India’s crude oil imports increase by 8% in February, reaches two-decade peak

AJOT | March 24, 2023 | International Trade

Rising crude demand and a strong Indian economy augur well for increased refinery runs and imports, as well as cheaper Russian crude, according to Refinitiv analyst Ehsan Ul Haq

Green revolution taps copper and aluminum

Green Shipping

AJOT | Top Story | March 23, 2023

Green revolution taps copper and aluminum

Will there be enough copper and aluminum for all that construction? And what’s going to happen to prices?

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Made-in-US rules for EV batteries shift in fine print of climate law

The Treasury Department’s interpretation of a few key words could allow more components to be made overseas.

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Global trade slows, but ‘green goods’ grow

AJOT | March 23, 2023 | Green Shipping | International Trade

World trade hit a record $32 trillion in 2022, but growth turned negative in the last half of the year. Environmentally friendly products defied the trend.

Imports of wood chips and logs to Finland from Russia fell from an all-time high in 2020 to zero in late 2022

AJOT | March 23, 2023 | International Trade | Commodity

UK looks to ‘imminently’ join trans-Pacific trading block

Bloomberg | March 23, 2023 | International Trade

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China voices strong opposition to any forced sale of TikTok

Bloomberg | March 23, 2023 | International Trade

China would firmly oppose any sale of TikTok forced by Washington, its Ministry of Commerce spokesperson said hours before the app’s leader goes to testify before the US Congress.

Meatpackers shares jump as China resumes Brazil beef imports

Bloomberg | March 23, 2023 | International Trade | Commodity

China agrees to resume Brazilian beef imports after mad cow case

Bloomberg | March 23, 2023 | International Trade | Commodity

Unions balk at Biden plan for mineral trade deals with EU, Japan

Green Shipping

Bloomberg | Top Story | March 23, 2023

Unions balk at Biden plan for mineral trade deals with EU, Japan

US labor unions are pushing back on White House efforts to allow European Union and Japanese firms mining and processing critical minerals to tap some of the lucrative subsidies available in the Biden administration’s massive climate law, fearing the move will sap American jobs.

Japan ends curbs on exports of chip materials to South Korea

Bloomberg | March 23, 2023 | International Trade

US seeks exemption from EU carbon border levy to end tariff dispute

Green Shipping

Bloomberg | Top Story | March 23, 2023

US seeks exemption from EU carbon border levy to end tariff dispute

The US has asked for its steel and aluminum exports to be exempt from the European Union’s carbon border levy, complicating work on a broader metals accord that could lead to the allies reimposing billions of dollars in tariffs and retaliatory measures on each other’s goods.