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Global Trade & Economics: Page 34

Trump Will Impose 100% Tariff on Some Patented Drugs

The charges deliver on threats the president made last fall to impose 100% tariffs on branded or patented medicines unless companies move production to the U.S.

Photo: iStock / sanjagrujic

Three Ships Appear to Exit Hormuz by New Oman Coast Route

The three ships transiting are particularly interesting because they are the largest type of oil tankers and the first LNG carrier to escape the gulf since the war began.

A bulk carrier at Muscat Anchorage in Muscat, Oman. Photographer: Elke Scholiers/Getty Images

Rubio Accuses China of Harassing Panama-Flagged Ships

The allegations add another point of tension between the U.S. and China ahead of President Donald Trump’s scheduled visit to Beijing in May.

The Port of Balboa in Panama City. Photographer: Walter Hurtado/Bloomberg

Iran and Oman Work on System to Monitor Hormuz Traffic

Iran and Oman are believed to be collaborating to draft policies that would facilitate and ensure safe passage for ships moving through the strait.

Photo: iStock / 35007

One Year on from ‘Liberation Day’ – Uncertainty Trumps Efficiency in Supply Chains

After decades of pursuing supply chain efficiency, U.S. companies have turned their focus to what’s politely termed “resilience,” but might better be described as redundancy.

Photo: iStock / Angelica Zander

Asian Nations Jockey for Leverage to Re-Open Hormuz Strait

As the crisis drags on, many Asian countries are pledging deeper energy cooperation with diplomatic friends.

Photo: Bloomberg

Cofco Books First Argentina Corn Cargo to China in Over 15 Years

The deal comes after China cleared Argentine corn imports in 2024, and as the South American nation has recently kicked off a bumper harvest.

Photo: Sebastian Lopez Brach / Bloomberg

U.K. Plans 35-Nation Summit to Address Hormuz Crisis

The U.S. was notably not invited to the talks, with President Trump having frequently distanced the U.S. from key allies over the span of the conflict in Iran.

Photo: iStock / aimintang

Turkey in Talks With Iran for Ships’ Passage Through Hormuz

Only one Turkish-owned ship has received permission to pass through Hormuz since the start of the conflict.

A cargo vessel near the Strait of Hormuz, on March 22. Source: Getty Images

Fuel Crisis Forces Hard Choices as Nations Cut Back on Energy Use

"The more you can do save oil, especially diesel, especially jet fuel, the better off we are," said EU energy commissioner Jørgensen.

Photo: iStock / peshkov

Iran War's Economic Toll Continues to Spread

The national U.S. average reached $4 a gallon on March 30, the highest mark the country has seen since August of 2022.

Photo: iStock / Brycia James

Reopening Hormuz is ‘Easier Said Than Done,’ Starmer Says

While Trump has said it would be “an easy Military Operation,” European defense officials have warned it would be an incredibly complex and dangerous task.

Photo: Betty Laura Zapata / Bloomberg

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