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Global Trade & Economics: Page 40

Disruption to Shipping in the Gulf Brings Record Cancellations

New import bookings have collapsed while cancellations spike, reports Dun & Bradstreet.

Image: iStock/matejmo

Reinsurers Triple Ship Insurance Costs After U.S. Torpedo Attack

If hostilities persist for another 10 days, buyback options may no longer be available.

Tug boats prepare to pull out an LNG Tanker vessel at the Cheniere Sabine Pass Liquefaction facility in Cameron, Louisiana, U.S., on Thursday, April 14, 2022. Cheniere Energy, Inc. is the largest producer and exporter of liquefied natural gas (LNG) in the United States and the second-largest LNG operator in the world. Photographer: Mark Felix/Bloomberg

Trump Sued by States Over New Tariffs After Supreme Court Loss

The states allege that Trump’s order announcing the Section 122 tariffs was “riddled with omissions and mischaracterizations."

Photo: Bloomberg

USCIT Orders Trump Admin to Pay IEEPA Tariff Refunds

The ruling provides long-awaited clarity for businesses, given that the Supreme Court did not address the issue of refunds when it overturned the levies.

Photo: iStock / wildpixel

China Prioritizes Rare Earths, Robotics in Manufacturing Agenda

Critical minerals have become a key point of leverage for China as it flexed its muscles in tariff negotiations with U.S. President Donald Trump.

Photo: Bloomberg

Bessent Says Tariffs Will Rise to 15% This Week

Bessent has said that he doesn’t expect the federal government’s projected tariff revenue for the year to change despite the Supreme Court's February 20 ruling

Scott Bessent, U.S. treasury secretary, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Thurs., Feb. 5, 2026. Photographer: Kent Nishimura/Bloomberg

Marsh Says U.S. Tanker-Insurance Plan Could Take a Few Weeks

President Donald Trump said on March 3 that the U.S. International Development Finance Corporation would offer insurance “at a very reasonable price."

Photo: Bloomberg

Trump Threatens to Cut off Trade with Spain Over Use of Bases

The country has barred the U.S. from using its military bases as part of its operation in Iran.

Photo: iStock/Oleksii Liskonih

South Korea and Philippines to Deepen Ties in Defense, Shipbuilding

The two leaders also agreed to expand cooperation in new areas of growth, such as shipbuilding, nuclear power, supply chain and artificial intelligence.

Photo: Bloomberg

CSCOs Urged to Act Swiftly in Response to Iran War

Do not ignore the potential for your business to leverage upside as a consequence of an otherwise difficult geopolitical event, warns Gartner's David Gonzalez.

Smoke rises after an explosion in the industrial zone in Fujairah, United Arab Emirates, on Tuesday, March 3, 2026. Oil surged for a second day as the U.S. and Israel stepped up their war against Iran, with a fire at a key storage hub in the United Arab Emirates underscoring the risk to energy supplies. Source: Bloomberg

Trump Says U.S. Will Escort, Insure Oil Tankers During Iran War

Trump said the U.S. International Development Finance Corporation would offer insurance to help ensure the flow of commercial trade in the Gulf.

An oil tanker in the Strait of Hormuz. Photographer: Kaveh Kazemi/Getty Images

India and Canada Tout Sweeping Economic Partnership

The agreements signal a reset in relations that have been strained since 2023, over allegations surrounding the killing of a Sikh separatist leader on Canadian soil.

Photo: iStock / studiocasper

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