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Global Trade & Economics: Page 126

Canada Calls for Ouster of Mexico in Renegotiated Trade Deal

Canada's deputy prime minister noted that while the U.S. and Canada are "perfectly aligned" on trade with China, "the same cannot be said of Mexico."

Photo: iStock/grandriver

Ford to Slash 4,000 Jobs in Europe Over Next Three Years

Although the EU recently imposed tariffs on EVs imported from China, Chinese automakers have continued to make inroads into the European market.

Photo: iStock / BalkansCat

Lenovo to Add Manufacturing Plants Outside China

Lenovo, like most electronics manufacturers, has sited most of its plants in China, creating potential vulnerability from president-elect Trump's promise to impose 60% tariffs on Chinese imports.

Photo: iStock.com/Andrew_Howe

U.S. Trade Chief Stresses Targeted Approach to Tariffs Against China

Tai cautioned against the use of blanket tariffs such as those proposed by Donald Trump, who has vowed to enact 60% levies on all Chinese imports.

Photo: iStock / narvikk

China’s Chancay Megaport in Peru Opens

The China-backed megaport has the potential to create whole new trade routes that will bypass North America entirely.

Chancay Port, Peru, under construction. Photo: iStock/Rommel Gonzalez

Port of Long Beach Smashes All-Time Record with October Surge

Businesses are poised to continue bringing in larger volumes of goods through the end of the year, which is normally a quieter time for the ports.

Port of Long Beach. Photographer: Tim Rue/Bloomberg

Businesses Ramp Up Investments in Nearshoring, Split-Shoring

This comes as businesses have been faced with the possibility of new tariffs from the upcoming Trump administration in the U.S.

Photo: iStock / natatravel

'Positive Progress' on Talks Between ILA, USMX, But Roadblocks Remain

The ILA and USMX have until January 15, 2025 to avert a second East and Gulf Coast strike, just days before the start of the next presidential administration.

Cargo ships at the Port of Charleston. Photo: iStock / stonena7

Mozambique Ports At Risk as Opposition Chief Urges More Protests

The demonstrations have also interrupted commercial activity in Maputo, and raised concerns about further delays to a $20 billion natural gas export project.

Anti-riot police officers walk past burning barricades made by protesters in Maputo, Mozambique, on November 7. Photo: Alfredo Zuniga/AFP/Getty Images via Bloomberg.

Outlook Improving for Shipping Traffic at Panama Canal

The Panama Canal Authority recently moved to a long-term booking system for shipping slots, which has made it easier to forecast transit demand months in advance.

Several freighters, assisted by tugboats, entering the Panama Canal at Gatun Locks on the Atlantic side. Photo: iStock / searagen

Russian Oil Gets Flipped Between Tankers Near Spanish Exclave of Ceuta

The West has stepped up efforts to crack down on tankers transporting Russian oil.

Photo: Bloomberg

MSC’s Africa Global Logistics Sees $43 Million Spend in Namibia

Southern African ports have drawn investment interest due to the export of natural resources including critical minerals.

The Port of Walvis Bay in Namibia. Photographer: Waldo Swiegers/Bloomberg

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