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Global Trade & Economics: Page 26

New 232 Tariffs on Metals May Add Cost and Complexity for Importers

Goods covered by Section 232 tariffs, levied on imports determined to be critical to national security, remain exempt from global, temporary tariffs.

Photo: iStock / franckreporter

Shipowners Stay Cautious on Hormuz Despite Hopes of a Peace Deal

It’s possible some shipowners will view the Islamic Revolutionary Guard Corps' pronouncement as an opportunity to attempt passage.

An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69

Brazil Nears Its China Beef Quota in Big Shift to Trade Flow

With a 55% tariff on any additional volumes, the looming quota fulfillment will likely bring Brazil’s trade with China to a halt.

Photo: iStock/SimonSkafar

Report: Iran War Drives Surge in Manufacturing Costs

Manufacturing producer costs saw their highest spike since June of 2022 this last April, while the overall rate of inflation jumped substantially for the third straight month.

Photo: iStock / Drazen_

Gartner: The Truth Behind AI's Role in Job Cuts

There is real value in AI, but it is rarely going to be achieved via a reduction in the workforce.

Photo: iStock / gremlin

Ships Cluster Further From Hormuz Strait as Iran Widens Grip

Since May 4, nearly 60 vessels across different types sailed into an area off Dubai — an unusually large number.

Image: Bloomberg

Beef Processors in Spotlight as DOJ Confirms Antitrust Probe

Acting Attorney General Todd Blanche declined to provide additional details about the probe, but said the agency would seek to move rapidly.

Photo: iStock.com/Pilin_Petunyia

Australia and Japan Strike Deals on Energy, Critical Minerals

"Our friendship has never been closer, and in these uncertain times, friendships matter more than ever," Australian Prime Minister Anthony Albanese said.

Photo: iStock / Oleksii Liskonih

Shipping Lines Skeptical of Trump's Plan to Help Trapped Hormuz Vessels

Trump provided few specifics regarding the scope of the plan to assist ships trapped in the strait, or even how exactly it would work in practice.

An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69

U.S. Denies Iran Report That Naval Ship Was Hit by Missiles

Project Freedom was set to begin on May 4, with the U.S. military pledging to provide support, including the use of guided-missile destroyers, aircraft and drones.

Photo: iStock / Dimitrios Karamitros

Shipowners Face Sanctions if They Pay Iran Hormuz Fees

Non-U.S. persons who pay could also face civil and criminal enforcement liability if payments cause U.S. persons, such as insurers and financial institutions, to violate sanctions.

An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69

Bad Data Is the Biggest Export Compliance Risk Chip Makers Face

Managing trade restrictions has always been a manufacturing supply chain challenge, but the difficulty is quickly ratcheting up.

Photo: iStock/kynny

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