International Trade

The value of China’s iron ore imports hit new heights in August even as policymakers try to cut steel production and calm commodity prices, likely boosting Australia’s exports despite the tensions between the two nations.

The U.S. and Mexico will look to reset their economic relationship at a meeting Thursday after a breakdown under Donald Trump, according to a top adviser to President Joe Biden, amid tensions on issues from automotive trade to energy investment.

A key measure of U.S. soybean shipments plunged to a seven-year low after Hurricane Ida blasted through the country’s busiest agriculture port, snarling trade just as harvesting is about to ramp up.