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Global Trade & Economics: Page 236

House Unveils China, Chips Bill, Paving Way for Senate Deal
The House of Representatives unveiled its legislation to bolster U.S. research and development to better compete with China and aid the domestic semiconductor industry, in a bid to negotiate a final bill this year with the Senate.
Silicon wafers made by Taiwan Semiconductor Manufacturing Co. (TSMC). Photo: Bloomberg.
LA, Long Beach Ports Move Record Cargo Despite Logjams
The Port of Los Angeles moved record cargo volumes last year amid an import surge at the U.S.’s biggest container gateway and supply chain snarls brought on by the pandemic.
Shipping containers in the Port of Los Angeles in Los Angeles, California. Photo: Bloomberg.
Watch: The Future of the U.S. and EU’s Trading Relationship
Laura Fraedrich, senior counsel for global trade and national security with Lowenstein Sandler LLP, brings us up to date on the warming of relations between the U.S. and European Union.
The Future of the U.S. and EU’s Trading Relationship
Supply Chain Crisis Helped Shipping Companies Reap $150 Billion in 2021
Economists warn that persistently high transportation prices are stoking inflation and clouding the recovery.
Container ships moored off the Los Angeles and Long Beach ports in Long Beach, California. Photo: Bloomberg.
Top Carmaker Shutdowns Hint More to Come in Covid-Zero China
China’s zero tolerance approach to Covid has idled Toyota Motor Corp. and Volkswagen AG factories — a troubling sign for global carmakers as the omicron variant begins to spread in the world’s biggest auto production hub.
An employee performs a quality check on an engine part at a Toyota Motor Corp. manufacturing facility. Photo: Bloomberg.
Trucker Vaccine Rule Is Making Freight and Fruit Pricier
New rules requiring truckers to show proof of vaccination when crossing the Canada-U.S. border are cutting into shipping capacity and boosting the cost of hauling everything from broccoli to tomatoes.
A woman holds up her vaccination card. Photo: Bloomberg.
Clean Energy Shift Doesn't Threaten Saudi Arabia's Oil Empire
Most transportation today relies on hydrocarbon fuel sources. And despite dreams of a green energy revolution, that’s not likely to change in the near future, according to one of America's foremost experts on Saudi Arabia.
The skyline in Riyadh, Saudi Arabia, is pictured at night. Photo: Getty Images.
Supply Chain Chaos Spurs New ETF Filing to Ride Shipping Boom
ProShares is preparing a new ETF to exploit chaos across global supply chains even as bottlenecks show signs of easing and commodities come down from records.
A Wall Street sign stands in front of the New York Stock Exchange (NYSE) Building in New York. Photo: Getty Images.
Watch: Supply Chain Disruptions: Problems and Solutions
The last year and a half have been rife with supply chain disruptions. Amy Thorn, chief executive officer of the Distribution Business Management Association, says the crisis has brought a new awareness of the importance of global supply chains to economic health.
Supply Chain Disruptions: Problems and Solutions
Global Supply Chains Brace for Impact as Omicron Reaches China
An omicron outbreak in China is sending jitters through supply chains as manufacturers and shippers brace for disruption inside the world’s-biggest trading nation if it can’t contain the fast-spreading variant.
A container ship leaves the Port of Ningbo-Zhoushan in Ningbo, China. Photo: Bloomberg.
U.S. Needs to Guard Exports From Supply Chain Snarls, Biden’s Envoy Says
U.S. port authorities and ocean carriers, dealing with record import volumes, need to ensure that exports aren’t hindered amid the unprecedented supply chain logjams that aren’t showing clear signs of dissipating, President Biden’s port envoy says.
A CMA CGM Group container ship is berthed at the Port of Oakland in Oakland, California. Photo: Port of Oakland.
Firms Hit by New Brexit Red Tape as IT System Stops Trucks
U.K. traders are falling foul of a new IT system policing goods crossing the English Channel, as companies grapple with a fresh wave of post-Brexit red tape.
A truck passes a British Union flag at the Port of Dover Ltd. in Dover, U.K. Photo: Bloomberg.
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