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Global Trade & Economics: Page 144

Chinese EV Companies Look to Sidestep New U.S. Import Levies

Between April and May, Container xChange customers in China are also reporting an 88% increase in average container prices.

Photo: iStock

China Hints at 25% Car Tariff as Deadline for EU Probe Looms

The EU must inform Chinese exporters whether it intends to impose tariffs by early June, and they could go into effect a month later.

Employees fit a bumper to a Volkswagen AG VW ID.3 car on the assembly line at the Volkswagen Sachsen GmbH plant in Zwickau, Germany, on Wednesday, May 24, 2023. Auto sales in Europe rose in April for a ninth month as supply chains improved and carmakers worked through backlogs of orders. Photographer: Krisztian Bocsi/Bloomberg

Container Service at Port of Portland Saved Following Threat of Shutdown

Ending container service at the Port of Portland would have made Oregon the only coastal state in the U.S. without a container terminal.

Photo: Port of Portland

Philippines Seeks Asia Logistics Hub Status, Banking on U.S. Ties

President Marcos said the Philippines is seeking greater participation in global value chains and increased foreign direct investments to sustain economic growth.

Philippines president, Ferdinand Marcos Jr. Photo: Bloomberg

French Shipping Giant Expects Slump in Cargo Rates

With the windfall that came as a result of soaring cargo rates during the COVID-19 pandemic, CMA CGM and others ordered vessels that are now entering service.

May 2021. Photo: iStock.com/eyewave

Finland and U.K. Seek Further Blocks to Russian ‘Shadow’ Tankers

A $60 a barrel price cap on Russian oil imposed in December 2022 was designed to deprive insurance from a tanker transporting oil at above the price cap.

Photo: iStock.com/Alexey Bakharev

U.S. Senate Investigation Links Automakers to Chinese Forced Labor

BMW reportedly shipped out 8,000 cars with a part from a Chinese supplier that had been added to a list of companies known to use forced labor.

Nearshoring on the Rise: Navigating the Shift in EU Sourcing Trends

A shift to shorter supply chains not only helps manage the unpredictability of costs, but also strengthens supply chain resilience by reducing dependency on distant suppliers.

Photo: iStock.com/DINphotogallery

Post-Brexit Border Controls Could Cost U.K. Nearly $6B

That figure would cover the cost of 13 border-related programs to deal with physical checks on plant and animal imports and safety and security declarations.

Photo: narvikk, iStock

China Retaliates Against U.S. Tariffs

The announcement from the People's Republic of China’s Ministry of Commerce is a signal that China will hit back in its trade disputes with the U.S. and Europe.

Photo: iStock.com/cybrain

‘VIP-Lane’ Pandemic-Mask Supplier Embroiled in London Trial

The U.K. government, desperate for medical equipment at the start of the pandemic, handed contracts to firms with little experience in manufacturing or procuring them.

Photo: iStock.com/Plyushkin

U.S. Adds 26 Chinese Textile Companies to the UFLPA Entity List

The DHS says this largest ever one-time expansion will help responsible companies keep forced labor out of their supply chain.

Xinjiang in 1996. Uygur people waiting for buyers for their harvest of cotton. Photo: iStock.com/Gujiang xie

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