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Global Trade & Economics: Page 86

Beneficial Cargo Owners and Service Providers Need to Brace for China Shipbuilding Tariffs

The USTR’s newly proposed rule is more targeted in its application and timeline than earlier proposals. The possibility for cost impacts on the U.S. trades is nonetheless real.

Hapag-Lloyd container vessel Barzan. Photo: Courtesy of Hapag-Lloyd

Nike Faces $1B in Added Costs from Tariffs

China accounts for around 16% of all footwear Nike imports into the U.S., with the company aiming to cut that number to single digits by the end of the 2026 fiscal year.

Photo: iStock/Wirestock

Canada Withdraws Digital Service Tax

U.S. Canada trade deal negotiations faltered on June 27, after Trump accused Canada of imposing unfair taxes on U.S. technology companies.

Photo: iStock / Oleksii Liskonih

Trump Turns on ‘Nice’ Carney With Canadian Tech Tax Ultimatum

Trade groups and experts lined up to say they’d warned this would happen, including the American Chamber of Commerce in Canada and the Business Council of Canada.

Donald Trump, right, and Mark Carney. Photographer: Francis Chung/Politico/Bloomberg

Survey: Supply Chain Execs Reacting Defensively to Tariff Chaos

Q2 findings reveal a "tariff tap dance" of short-term, reversible moves in response to frequently changing policies and mounting costs.

Photo: iStock / franckreporter

U.S.-Mexico-Canada Freight Down in All Modes for April

Freight between the U.S. and Canada was down 13.6% from April 2024, while freight between the U.S. and Mexico declined by 3.8% year on year.

Photo: iStock/grandriver

Survey: 'Poly-Crisis' Pushes Companies to Rework Supply Chains

Companies are contending with a wide swathe of geopolitical threats, with 20% highlighting the economic strife caused by tensions between the U.S. and its trading partners.

Photo: iStock / matejmo

H&M Boss Warns Tariffs are Driving U.S. Clothing Prices Up

The group said it was likely to have to discount more than last year around the world in the coming months.

Photo: iStock.com/Artur Bogacki

GE to Invest $490M to Reshore Washing Machine Production to U.S.

The reshoring effort will create 800 new full-time jobs, and would make the company the largest domestic manufacturer for washing machines in the U.S.

Photo: iStock / Marvin Samuel Tolentino Pineda

Gartner: Iran-Israel Conflict a 'Stress Test' for Middle East Supply Chains

In the Red Sea, Gartner predicts that transit times between the Asian-Pacific region and Europe could double as a result of the conflict.

Image: iStock/bogdanserban

FedEx Warns of Pain Ahead With Tariffs Weighing on Demand

Although it typically provides a full-year forecast, FedEx said it would only share its outlook for the current quarter due to the “uncertain global demand environment.”

A worker opens a FedEx truck in San Francisco on June 23. Photo: Bloomberg

Watch: The Pain Points Driving Supply Chain Instability for Midsized Firms

Martin Skeens, third-party risk and compliance subject matter expert at Dun & Bradstreet, explains why midsized U.K. businesses are having a tougher time achieving supply chain resilience.

The Pain Points Driving Supply Chain Instability For Mid Sized Firms

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