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Global Trade & Economics: Page 66

Balloons with Smuggled Cigarettes Shut Down Lithuanian Airport

According to data published by Lithuania's government, 966 smuggler balloons entered the country last year, as well as 500 so far in 2025.

Vilnius Airport. Photographer: Petras Malukas/AFP/Getty Images via Bloomberg.

Walmart Stops Hiring H1-B Workers

While Walmart is the largest beneficiary of the H-1B visas in the retail sector, the program is often associated with the giants of the U.S. tech sector.

Photo: iStock.com/Sundry Photography

Commodity Vessels Clog Up China Ports as Fees on U.S. Ships Begin

China is the world’s largest commodity importer, and vessel snarls — if prolonged — could ripple through the global supply chain.

Port of Yantai, China. Photo: iStock/daizuoxin

Europe Auto Industry Braces for Chip Disruption Within Days

Carmakers and their suppliers are holding crisis meetings with government officials to map out contingency plans.

Photo: Bloomberg

Chancellor Says Brexit Caused Long-Term Economic Damage to U.K.

The issue is sensitive right now with the U.K. government deciding on negotiating positions for a Brexit "reset."

Photo: iStock / izvir8

GM Lowers Estimated Cost of Tariffs

GM said the financial hit from tariffs this year would be $3.5 billion to $4.5 billion, less than the previous estimate of $4 billion to $5 billion.

Photo: iStock / JHVEPhoto

Trump Signs Agreement on Critical Minerals With Australia

The deal will begin with the U.S. and Australia each paying more than $1 billion over the next six months for initial projects.

U.S. President Donald Trump, left, and Anthony Albanese, Australia’s prime minister. Photo: Bloomberg

Tanker Ablaze Near Yemen After Unexplained Explosion

The Iran-backed Houthi militia has repeatedly attacked ships in the Red Sea and Gulf of Aden, upending trade in the vital waterway.

Photo: iStock / JeanUrsula

Kearney Index Calls ‘Reality Check’ on Reshoring Trend

American manufacturers rushing to bring production back home from Asia? Time for a reality check, according to the latest Reshoring Index from Kearney.

Delusion Illusion Reality Check Surreal I Stock Francescoch 2076276464

Report: Nearshoring and Friendshoring Are Not Yet Solving Trade War Problems

While many have pivoted away from China and turned instead to countries in Southeast and South Asia, trade with these regions now face fresh headwinds.

Image: iStock/wildpixel

U.S. Succeeds in Blocking Global Carbon Tax on Ships, for Now

Industry insiders had previously expected the rules, years in the making, to pass, despite U.S. pressure.

Container ships and bulk carriers offshore from Singapore. Photographer: SeongJoon Cho/Bloomberg

India’s Exports to U.S. Drop 40% as Tariffs Hit

The two countries continue to attempt to negotiate a trade deal, with the goal of concluding an agreement by November.

Photo: iStock/MicroStockHub

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