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Global Trade & Economics: Page 83

Untangling the ‘Nightmare’ of HS Codes with Technology

Even traditional automation of assigning HS codes, in the form of digitally stored and searchable codes, is of limited utility. Enter artificial intelligence.

Photo: iStock/alvarez

Congress Mulls Bill to Strengthen U.S. Rare Earth Supply Chains

Under the MSP Act, the U.S. would coordinate with partner governments and financial institutions to make "responsible" investments in mineral supply chains at every stage.

Photo: iStock.com/RHJ

Trump Admin Opens Probe into Brazil Over Alleged 'Unfair' Trade Practices

The USTR's investigation will span digital trade and electronic payment services, preferential tariffs, anti-corruption interference, intellectual property protection and illegal deforestation.

Photo: iStock / alexsi

U.S. and Indonesia Reach Trade Agreement

Indonesia ranks as one of America's top 25 trade partners, sending about $28 billion to the U.S. in 2024, including clothing, footwear and palm oil.

Photo: iStock/richcarey

Chinese Adds EV Battery Tech to Export Restriction List

The new restrictions on EV battery tech arrive as the EU has continued to press Chinese automakers to set up manufacturing in Europe.

Photo: iStock/kynny

Nissan to Shutter Flagship Factory in Japan

The facility's 2,400 workers will remain in their current roles until the plant closes in 2028, with the company vowing to maintain communication with employees in the months to come.

Bessent Tells Markets Not to Worry About China Tariff Deadline

The U.S. government has recently assured chip maker Nvidia Corp. that licenses for sales of its advanced H20 GPU to Chinese firms would be granted.

U.S. Treasury Secretary Scott Bessent. Photographer: Graeme Sloan/Bloomberg

Trump Hits Mexico With 17% Tariff on Tomatoes

Mexico accounts for roughly 70% of tomatoes sold in the U.S., up from the 30% share Mexico had 20 years ago.

Photo: iStock / Sandor Mejias Brito

Thailand Mulls Zero Duty for More U.S. Goods to Win Tariff Deal

Thailand could also amend existing regulations to allow left-hand drive vehicles from the U.S., and eliminate taxes on goods already included in free-trade agreements with other countries.

A motorcyclist rides past shipping containers stacked at the Bangkok Port. Photograph: Taylor Weidman/Bloomberg

China Sees Bump in Exports Ahead of August Tariff Deadline

China's exports to the U.S. also fell by 16%, although that was a marked improvement over the 34.5% dip recorded in May, when companies had largely paused orders out of China altogether.

Photo: iStock.com/MikeMareen

EU Warns Trump’s Tariff Threat Is Danger to Transatlantic Trade

The EU is meanwhile preparing to step up engagement with countries hit by Trump’s tariffs, following a slew of new threats to the bloc and other U.S. trading partners.

A container vessel navigates through the Port of Rotterdam. Photographer: Pierre Crom/Getty Images

Mideast Conflict Is Latest Threat to Global Fertilizer Supplies

The start of the Ukraine-Russia war in 2022 was followed by runaway food inflation and a severe strain on farmers.

Photo: iStock/Sjo

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How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

Recycled Tagging Fasteners: Small Changes Make a Big Impact

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Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

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