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Global Trade & Economics: Page 232

Ship Stuck Near D.C. Signals East Coast Ports’ Rush to Expand

The $5.25 billion expansion of the Panama Canal doubled its capacity in 2016, allowing the world’s largest cargo ships to sail more easily to America’s East Coast from Asia. Now, one of those giant vessels has been stuck near the U.S. capital for more than a week.

The Ever Forward container ship in the Chesapeake Bay after it ran aground near Baltimore in Pasadena, Maryland, on March 16. Photo: Bloomberg.

U.S., U.K. Reach Deal to Ease Tariffs on Steel and Aluminum

The U.S. and U.K. reached a deal to ease tariffs on British steel and aluminum, resolving a longstanding irritant as the nations work to strengthen trade and integration.

Rolls of steel in a warehouse. Photo: Shutterstock.

What Supply Chains Must Do to Comply With Sanctions Against Russia

Global businesses need to know precisely how they’ll be affected by the widening economic sanctions imposed by the U.S. and Europe against Russia, in response to its invasion of Ukraine.

A cargo ship at anchor in Kandalaksha, Russia. Photo: Getty.

Europe Can Endure Painful Transition to Live Without Russian Oil

The European Union would endure a short and painful transition if it halted Russian oil and coal imports, but with the help of its international partners the bloc could end its dependence on Moscow, a new study shows.

Pipework inside a gas storage facility in Kasimov, Russia. Photo: Bloomberg.

Port of Los Angeles Sees Record Volume in February

Cargo moving through the Port of Los Angeles jumped 7.3% in February, representing back-to-back record months to begin 2022.

An aerial view of Pier 400 at the Port of Los Angeles. Photo: Port of Los Angeles.

Carmakers Seen Producing 5 Million Fewer Vehicles After Russian Invasion

A closely watched auto-industry forecaster lopped more than 5 million cars off its projections for global production this year and next, largely due to fallout expected from Russia’s invasion of Ukraine.

Volkswagen SUVs are guided into storage bays inside one of the automaker's Autostadt delivery towers at VW headquarters in Wolfsburg, Germany. Photo: Bloomberg.

Growing Pains, Labor Woes: Five Supply Chain Challenges to Count On This Year

It’s time to take an honest look at what’s happening around us, learn from the past two years, and plan accordingly.

A worker surveys inventory on a warehouse shelf. Photo: C Technical/ Pexels.

When Will the Chip Shortage End? U.S., EU Spend Billions in Race to Beat China

Sanctions are causing a shortage of microchips in Russia. Meanwhile, the U.S. and Europe are spending billions in a race to reduce reliance on imports just as China plans to turn itself into a chip powerhouse.

A detail of a silicon wafer is shown on the production line. Photo: Getty.

Europe Burns More Coal to Wean Off Russian Gas

European utilities are getting increasingly reliant on coal for power as the region tries to reduce its dependence on Russian natural gas.

Europes Coal Use

Podcast | Is Mexico Violating the USMCA on Biotech Imports?

Trade in agricultural products between the U.S. and Mexico is massive: the U.S. ships nearly $20 billion in farm exports to Mexico each year. But that relationship could be in jeopardy.

Mexico President Andrés Manuel López Obrador. Photo: Milton Martínez/ Ministry of Culture of Mexico City.

Fuel-Price Hikes Hit Shippers, Truckers Across U.S. Economy

Soaring U.S. energy prices are hitting all modes of transport, squeezing smaller shipping lines amid already-volatile ocean rates, as well as truckers who have to contend with delays in clawing back higher costs.

Freight trucks drive on a highway. Photo: Stefan Doncean/ Pexels.

Russia Bans Export of 200 Products After Suffering Sanctions Hit

Russia announced an export ban for more than 200 products after the economy was hit by sanctions over the invasion of Ukraine. It stopped short of curbing sales of energy and raw materials, the country’s biggest contribution to global trade.

Russian Exports

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