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Global Trade & Economics: Page 58

VW to Shut Down Production at German Plant

VW's 24-year-old Dresden, Germany, plant is scheduled to cease production on December 16, and will soon be converted into a technology research hub.

A Volkswagen plant in Mosel, Germany. Photo: iStock / aquatarkus

Canadian Provinces to Sell Remaining Stockpiles of American Liquor

Several Canadian provinces halted all sales of U.S. liquor early in March 2025, in protest of President Donald Trump's announced tariffs against the country.

Photo: iStock/temizyurek

EU to End De Minimis with Flat Customs Fee in 2026

The EU also plans to enact a separate handling fee on low-value parcels in November of 2026, although negotiations on the specifics of that policy are still ongoing.

Photo: iStock/imaginima

EU Seeks to Remake Supply Chains Away from Dependence on China

The European Commission unveiled The ReSourceEU program, which seeks to de-risk and diversify the bloc’s supply chains.

Photo: iStock.com/Alexandros Michailidis

U.S., Mexico Strike Deal to Settle Rio Grande Water Dispute

The deal eases rising tension between the countries after Trump threatened to slap additional 5% tariffs on Mexican imports and set a deadline for water deliveries starting December 31.

Low water levels at the La Boquilla dam in La Boquilla, Chihuahua state, Mexico, in April. Photographer: Cesar Rodriguez/Bloomberg

SK On and Ford Motor to End U.S. Battery Factory Partnership

Ford will assume full ownership of the companies' two battery plants in Kentucky, while SK On will take over their yet-to-be-opened facility in Tennessee.

Photo: iStock / BalkansCat

USTR Announces 15% Tariffs Against Nicaragua Over Human Rights Abuses

The new tariffs against the Central American country will be phased in gradually, starting at 10% as of January 1, 2027, and then rising to 15% a year later.

Photo: iStock / Oleksii Liskonih

Mexico Announces up to 50% Tariffs on China, Others

Mexico’s freshly approved range of tariffs on non-U.S. trading partners could be interpreted as a signal to the U.S. that it is sympathetic to Trump’s stance on trade.

Photo: iStock/Oleksii Liskonih

Louisiana and Norwegian Bodies Sign Agreement to Advance Maritime Innovation

Partners say agreement strengthens collaboration across the blue economy, clean energy and international trade sectors.

Photo: The World Trade Center New Orleans

How Water Risk is Threatening the World's Supply Chains

Water stress is no longer a localized environmental issue, but a systemic threat that can idle factories, reroute shipping networks, and destabilize operations.

Photo: RapidEye / iStock

U.S. Seizes Sanctioned Oil Tanker Off the Coast of Venezuela

The Trump administration has ramped up pressure on Venezuelan President Nicolás Maduro, whom it has accused of presiding over a narcotrafficking operation.

Nicolás Maduro, President of Venezuela. Photo: Bloomberg

Ford: Western Automakers Face Existential Threat from China

Chinese electric carmakers have risen to substantial market share, even in Europe, as manufacturers such as BYD and Chery International have produced well-reviewed electric cars.

Fatal for the competition? Photo: iStock/Robert Way

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