International Trade


Olive oil windfall becomes lifeline for Tunisia with IMF on hold

Bloomberg | May 14, 2024 | International Trade

Flood of China used cooking oil spurs call to hike US levies

Bloomberg | May 14, 2024 | Energy | Alternative | International Trade | Commodity

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Biden signs ban on imports of Russian nuclear reactor fuel

Bloomberg | May 14, 2024 | Energy | Alternative | International Trade | Commodity

President Joe Biden on Monday signed legislation banning the import of Russian enriched uranium, starting a 90-day countdown until limits on shipments of the reactor fuel take effect.

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Chinese EV giant BYD to unveil plug-in Hybrid pickup in Mexico

Bloomberg | May 14, 2024 | International Trade

BYD Co., the leader in electric vehicles in China, plans to debut its first truck in Mexico, next door to the world’s largest pickup market.

Philadelphia CBP nets 60 dead butterflies illegally imported from Portugal to Wayne County, PA
International Trade
AJOT | Top Story | May 14, 2024

Philadelphia CBP nets 60 dead butterflies illegally imported from Portugal to Wayne County, PA

CBP agriculture specialists initially inspected the parcel, manifested as “pieces of silk to be used in works,” on May 2. The parcel instead contained dried out pupal cases and over 60 envelopes containing dead adult moth and butterfly specimens of the order Lepidoptera...
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Biden adds tariffs on Chinese chips, critical minerals, EVs

Bloomberg | May 14, 2024 | International Trade | Commodity

President Joe Biden is hiking tariffs on a wide range of Chinese imports — including semiconductors, batteries, solar cells, and critical minerals — in an election-year bid to bolster domestic manufacturing in critical industries.

Australia to ban live sheep exports by sea from May 2028

Bloomberg | May 13, 2024 | International Trade | Commodity

Biden’s solar factory boom slows as cheap imports flood market
Energy
Bloomberg | Top Story | May 13, 2024

Biden’s solar factory boom slows as cheap imports flood market

The Inflation Reduction Act helped spur new US solar manufacturing, but less than two years later, there are signs the boom is fizzling.
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Yellen hopes China doesn’t mount ‘significant’ trade retaliation

Bloomberg | May 13, 2024 | International Trade

Treasury Secretary Janet Yellen said she hopes China won’t mount major retaliation against any steps Washington takes to safeguard its investments in critical new industries.

Niger Junta escalates Benin border spat blocking Chinese oil exports

Bloomberg | May 13, 2024 | Energy | International Trade

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CBP officers seize $496K in cocaine from commercial truck hauling cotton candy at World Trade Bridge

AJOT | May 13, 2024 | International Trade

U.S. Customs and Border Protection, Office of Field Operations officers at World Trade Bridge seized cocaine hidden within a tractor-trailer hauling cotton candy.

EU closes China solar probe as firms withdraw Romania bids

Bloomberg | May 13, 2024 | Energy | Alternative | International Trade

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Biden to quadruple tariffs on China EVs, offer solar exclusions

Bloomberg | May 13, 2024 | International Trade | Maritime | Breakbulk News

President Joe Biden will quadruple tariffs on Chinese electric vehicles and sharply increase levies for other key industries this week, unveiling the measures at a White House event framed as a defense of American workers, people familiar with the matter said.

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Soyoil jumps on bets US tariffs to include Chinese cooking oil

Bloomberg | May 12, 2024 | International Trade | Commodity

Soybean oil futures surged by the most since July as traders bet that Chinese used cooking oil may be included on the list of tariffs expected to be announced by the US.

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Delayed sugar deliveries raise debate over exchange rules

Bloomberg | May 10, 2024 | International Trade | Commodity

Delays to deliveries of sugar sold through a major commodity exchange in New York have sparked a debate among traders about whether the current rules on transactions are sufficient to protect buyers.

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China’s steel exports stay firm as trade tensions rachet up

Bloomberg | May 10, 2024 | International Trade | Commodity

Chinese steel exports stayed above 9 million tons in April, a level which is likely to bolster objections that overcapacity is forcing mills to dump their surplus overseas.

Biden urged to halt oil exports after terminal approved

Bloomberg | May 10, 2024 | International Trade

Mad Cow disease found at Scottish farm in risk to meat exports
International Trade
Bloomberg | Top Story | May 10, 2024

Mad Cow disease found at Scottish farm in risk to meat exports

Mad cow disease was found at a farm in Scotland, prompting authorities to limit animal movement while they investigate and risking trade disruptions...

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