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Global Trade & Economics: Page 240

U.S., EU Strike Trade Deal to Remove Steel, Aluminum Tariffs

The U.S. and the European Union have reached a trade truce on steel and aluminum that will allow the allies to remove tariffs on more than $10 billion of their exports each year.

European Union and United States flags stand in a row. Photo: Bloomberg.

U.S. Is Global Outlier With Longer Supply Chain Delays: IIF

The U.S. is suffering longer delivery delays than other economies, according to the latest research by the Institute of International Finance.

Freight trucks idle at the Port of Los Angeles. Photo: Bloomberg.

Three Ways to Holiday Prep in the Face of Supply Chain Woes

With shipping logjams slated to continue throughout the next six months, some are predicting what’s being called “a never-ending peak season” for all of 2022, in which there’s less supply than demand.

A person holds a Christmas gift. Photo: Roman Odintsov/ Pexels.

Biden Races Clock But Holds Few Tools in Supply Chain Crisis

While Republicans point to the supply chain as further evidence the president is mismanaging the economy, the issues are deep-rooted.

Photo: Bloomberg.

Watch: We Need an Infrastructure Bill. But Will There Be Money to Spend?

Kenneth Roberts, chair of the construction law group with Venable LLP, explains why the need for an infrastructure bill now is dire — but will the promised funds for construction and maintenance actually materialize?

We Need an Infrastructure Bill. But Will There Be Money to Spend?

Infrastructure Battle Puts China Chip Bill on Back-Burner

A bipartisan push to make the U.S. more competitive with China and bolster domestic chip production risks falling by the wayside as Congress grapples with a packed year-end agenda in an ever-more-divided Capitol.

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Slow-Paying Buyers Are Threatening the Stability of Struggling Suppliers

In the midst of a growing supply chain crisis, suppliers are increasingly being forced to accept longer payment terms from buyers. Both sides are desperate to protect their cash, but the trend threatens to undermine the stability of suppliers, and can only serve to exacerbate the situation.

A financial manager counts U.S. $100 bills. Photo: tapanakorn/ Canva.

Supply-Crunch Inflation Gives Central Banks an Unfixable Problem

The global economy’s supply crunch is propelling inflation at such a fast pace that central bankers may be forced to respond, even though fixing that imbalance is beyond their power.

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Global Port Gridlock Threatens Economies Everywhere

Global ports are growing more gridlocked as the pandemic era’s supply shocks intensify, threatening to spoil the holiday shopping season, erode corporate profits and drive up consumer prices.

Container ships moored off the Los Angeles and Long Beach ports in Long Beach, California. Photo: Bloomberg.

Just-in-Time Economy Becoming a Problem for Europe, Lagarde Says

European Central Bank President Christine Lagarde warned that the globalized nature of the euro area’s economy makes it highly vulnerable to systemic shocks from supply chain disruptions.

Christine Lagarde, president of the European Central Bank and former managing director of the International Monetary Fund.

Fashion Brands Have Gone Quiet on Xinjiang Cotton in Fear of Retaliation

When a fashion industry sustainability group called out China over its treatment of Uyghur Muslims, the idea was to nudge Beijing toward human-rights reforms while cleaning up a troubled corner of the $60 billion global cotton business. Western brands have learned the hard way that things don’t work that way in China.

Cotton ready for harvest. Photo: Bloomberg.

China's Golden Week Adds to Global Shipping Delays

China’s week-long holiday has exacerbated congestion at two of the country’s busiest ports — Shanghai and Ningbo — where hundreds of cargo ships are waiting to berth.

An aerial view of the Port of Shanghai in Shanghai, China. Photo: Getty Images.

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