International Trade

NRF forecasts 2023 retail sales to grow between 4% and 6%

AJOT Newsroom | March 29, 2023 | International Trade

U.S. Secretary of Commerce Raimondo announces fiber manufacturing expansions in North Carolina

AJOT Newsroom | March 29, 2023 | International Trade

Russia says crop titan Cargill will stop exporting its grain

Russia said top agricultural commodities trader Cargill Inc. will stop exporting its grain, adding to uncertainty over the future of Black Sea crop shipments.

Energy

Bloomberg | March 29, 2023

US and EU near critical minerals accord to unlock US subsidies

The European Union and the US are nearing an agreement on critical minerals that would provide EU companies access to some of the massive green subsidies offered in President Joe Biden’s Inflation Reduction Act.

EU aims to boost Russia sanctions enforcement with new project

Bloomberg | March 29, 2023 | International Trade

International Trade

Bloomberg | March 29, 2023

Cargill and Viterra are exiting Russian grain export market

The two biggest western shippers of Russian grain, Cargill Inc. and Viterra, are exiting the export market in a shift that will give local firms more control over shipments.

Vietnam’s GDP growth eases in first quarter as exports slump

Bloomberg | March 29, 2023 | International Trade

US, Japan strike deal on supply of minerals for EV batteries

Bloomberg | March 28, 2023 | Green Shipping | International Trade | Commodity

The US agreed to boost cooperation with Japan on critical mineral supply chains and to expand access to tax breaks as President Joe Biden aims to counter China’s dominance of the electric vehicle battery sector.

US goods-trade deficit grows slightly to widest since October

Bloomberg | March 28, 2023 | International Trade

The US merchandise-trade deficit widened slightly in February for a third month as a decline in the value of exports exceeded a drop in imports.

Green Shipping

Bloomberg | March 28, 2023

Biden tees up a supply-chain rethink with challenge to China’s EVs

The US should band together with allies to raise standards for how minerals are mined and processed, an energy security advocacy group argues.

First Solar and Reliance among winners of India’s green aid

Agreement between the US and Japan on strengthening electric vehicle battery critical minerals supply chains

AJOT Newsroom | March 28, 2023 | Green Shipping | International Trade | Commodity

The United States and Japan share a common interest in strengthening supply chains between like-minded partners and increasing resilience against threats such as economic coercion and non-market policies and practices, as well as encouraging high-road labor and environmental standards.

Results of the council meeting of the U.S. – Central Asia Trade and Investment Framework Agreement (TIFA)

AJOT Newsroom | March 28, 2023 | International Trade

Senior officials of the governments of the United States, Uzbekistan, Kazakhstan, Kyrgyz Republic, Tajikistan, and Turkmenistan today met for the Council Meeting of the U.S. - Central Asia Trade and Investment Framework Agreement (TIFA).