Bloomberg | August 08, 2023 | International Trade
The US trade deficit shrank in June as imports slid to the lowest level since 2021, reflecting more moderate consumer demand for merchandise.
Mexico and Canada have replaced China as the top providers of goods to the US as a nearshoring push encourages more diversified supply chains.
China’s trade plunged in July as slowing global demand clouded the outlook for exports, while domestic pressures weighed on imports in a hit to the economic recovery.
Bloomberg | August 08, 2023 | International Trade | Commodity
Bloomberg | August 07, 2023 | International Trade | Commodity
Bloomberg | August 07, 2023 | International Trade
India backtracked Friday on its sudden plan to curb laptop and tablet imports without a license, giving companies three months to secure the permits.
China’s decision to scrap tariffs on Australian barley is set to shake up global trade, with the return of the supplier heating up competition with other exporters for a chunk of the world’s biggest import market.
Wheat extended gains after Ukraine used sea drones to cripple a Russian naval vessel and an oil tanker over the weekend, posing a risk for a key export route for Russian commodities through the Black Sea.
AJOT Newsroom | August 04, 2023 | International Trade
The unemployment rate in the U.S. transportation sector was 4.9% (not seasonally adjusted) in July 2023 according to Bureau of Labor Statistics (BLS).
Bloomberg | August 04, 2023 | International Trade | Commodity
India, the world’s second-biggest wheat producer, may abolish an import tax so that buying the grain from overseas becomes more attractive, a move aimed at cooling domestic prices.
Bloomberg | August 04, 2023 | International Trade
Apple Inc., Samsung Electronics Co. and HP Inc. are among the biggest names freezing new imports of laptops and tablets to India after the South Asian country abruptly banned inbound shipments without a license.
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