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Global Trade

All articles tagged with #global trade

world5 days ago•4 min saved

El Niño drought drives Panama Canal to curb daily ship transits

The Panama Canal Authority will reduce daily transits to 32 vessels from Sept 15 (with initial cuts starting Sept 3) due to reduced rainfall tied to an intense El Niño, marking only the second time it has cut passages. The waterway’s freshwater-reliant locks have already seen water-saving measures, and four transit categories will be used to allocate slots by cargo type while prioritizing larger Neopanamax ships; advance bookings are urged and further adjustments could follow if conditions worsen. The canal is a major revenue source for Panama, with record-high transit prices reported in August.

via Financial Times|

#drought #el-nino #global-trade

world12 days ago•2 min saved

US charges dozens of countries with aiding China to dodge tariffs through transshipment networks

The White House says more than 40 countries participate in a 'Great Transshipment Scam' that hides Chinese goods in shipments to dodge US tariffs, naming the EU, Mexico, Canada, India, Japan, South Korea and several Southeast Asian nations as key enablers. AI-assisted enforcement is being rolled out at borders as part of a broader push, while Democratic-led states sue the tariffs and experts say the administration is pursuing new ways to pressure market access.

via Al Jazeera|

#china #global-trade #tariffs

business12 days ago•7 min saved

White House: Global transit network shields China from U.S. tariffs

The White House says more than 40 countries helped China sidestep U.S. tariffs by routing exports through lower‑duty nations via transshipping, potentially costing American jobs and billions in revenue; China rejects the claims and says trade wars have no winners. The report also notes the use of AI tools to detect such schemes and comes ahead of a Trump–Xi meeting.

via BBC|

#ai-tools #business #global-trade

business1 month ago•4 min saved

Shein slides into loss as trade frictions loom before HK listing

Shein posted a net loss of $99 million for the latest quarter ahead of its planned Hong Kong IPO, with profit margins narrowing to 4.9% in 2025 from 8.7% in 2024, as higher US/EU duties weigh on costs and demand. The firm says it may lift US prices to offset duties, and its US revenue share has fallen from 30% of sales in 2023 to 22% this year. While expanding into new markets, it faces EU probes into illegal products and ongoing supply-chain scrutiny, remains heavily reliant on Chinese factories, and is exploring diversification to Turkey ahead of listing.

via Financial Times|

#business #global-trade #hong-kong-ipo

business1 month ago•4 min saved

US widens forced-labor crackdown with tariffs on about 60 partners

The US is slapping 10% to 12.5% tariffs on roughly 60 trading partners—covering about 99.4% of imports—after determining many nations do not adequately prohibit or enforce bans on goods produced with forced labor; nations with enforceable bans face 10%, others 12.5%; the move, using Section 301 and related powers, marks another step in the Trump-era tariff strategy amid a contentious global trade environment and potential legal or retaliation pushes.

via BBC|

#business #forced-labor #global-trade

business1 month ago•3 min saved

Trump imposes sweeping tariffs on 60 partners tied to forced-labor crackdown

The Trump administration will begin 10% to 12.5% tariffs on about 60 trading partners, effective 12:01 a.m. ET Friday, replacing the expiring 10% global tariffs and covering roughly 99.4% of U.S. trade; the measures are tied to forced-labor concerns and imposed under Section 301 of the Trade Act, and officials say they will not stack with existing Section 232 duties.

via CNBC|

#business #forced-labor #global-trade

energy1 month ago•5 min saved

Canada plots Asia-bound oil pipeline to curb US dependence

Canada unveiled a plan for a more-than-1,000-km west‑coast oil pipeline from Alberta to British Columbia to export up to 1 million barrels per day to Asia, using the existing Trans Mountain corridor. Built by Trans Mountain Corp with Pembina Pipeline, the project aims for ground‑breaking by 2027 and could attract over C$200 billion in direct investment while expanding LNG terminals and upgrading the Vancouver port. Ottawa says the pipeline would diversify Canada’s energy exports away from the US, which currently buys the bulk of Canadian oil, but the plan faces environmental, Indigenous and regional political concerns, including an Alberta independence referendum in the works.

via Financial Times|

#asia #canada #energy

economics1 month ago•31 min saved

China Says EU Trade Freeze Can Be Weathered, CCTV Account Claims

China asserts it can endure a further deterioration or even a freeze in EU trade, via a CCTV-affiliated account that argues the EU altered tactics after an EV-subsidy probe and is weakening its normative power. EU Trade Commissioner Maros Sefcovic plans talks with Chinese minister Wang Wentao in Brussels amid a roughly €360 billion trade gap and concerns over subsidized Chinese imports, while China says firms are deprioritizing Europe even as investments in NEVs and automotive continue—leaving the outlook for deeper cooperation uncertain if the EU keeps a hard line.

via Bloomberg.com|

#automotive #china #economics

us-politics-and-policy2 months ago•5 min saved

Trump reins in new tariffs push after court blocks emergency levies

Trump’s aides are re-launching a broad tariff drive using older laws after the Supreme Court blocked emergency levies, proposing 25% duties on Brazil, a Vietnam probe, and 10–12.5% duties on more than 60 countries over forced-labor rules, plus investigations into industrial overcapacity and subsidies and a China policy board inviting input. The plan aims for durability under Section 122/301 rules, with a late‑July deadline to keep Levies in place, though it faces potential legal challenges; some relief is offered by cutting farm‑equipment tariffs to 15% from 25% as inflation and midterm politics loom.

via Financial Times|

#global-trade #trade-disputes #trump-tariffs

world2 months ago•65 min saved

Geoeconomics Reimagined: Balancing Power, Trade, and Global Cooperation

Geoeconomics is evolving from a theoretical concept into a central tool of statecraft, as nations mix security with economic policy. The IMF argues for a balanced approach—targeted, limited interventions and resilient supply chains—while preserving globalization and multilateral cooperation to prevent fragmentation and costly trade tensions.

via International Monetary Fund | IMF|

#economic-statecraft #geoeconomics #global-trade

economy2 months ago•4 min saved

OECD flags state subsidies as key driver of China's market-share surge

An OECD analysis finds subsidized Chinese firms have driven roughly 60% of their global market-share gains since 2005, with 2024 support for Chinese companies running eight times higher on average than OECD peers. Subsidies across 15 sectors propelled rapid gains in autos, shipbuilding, solar and especially semiconductors (Chinese firms’ subsidies reached about 10% of revenue in 2021–22). The MAGIC database tracks 525 large firms and shows global subsidies at $108bn in 2024, with 52% in China. Much of Chinese support comes as below-market loans, enabling cheap funding even for weaker firms, but the OECD warns subsidies boost market share without improving productivity or profitability, risking distortion and prompting calls for greater transparency and policy tools like tariffs or quotas.

via Financial Times|

#china #economy #global-trade

world2 months ago•6 min saved

US biotech dependence on China sparks security fears

Patents expiring for top drugs push Western pharma to partner with Chinese biotech firms, with Pfizer paying up to $650 million for Innovent and Bristol Myers Squibb tying up with Hengrui for up to $950 million, signaling a surge of US investment in Chinese biotech. Lawmakers are weighing tighter national-security rules as the USITC probes potential Chinese state backing, while investors remain divided on the implications for US drug development and global supply chains.

via Financial Times|

#biotech #global-trade #pharmaceuticals-sector

business2 months ago•13 min saved

China's factories cool in May, signaling slower manufacturing

China’s factory activity slowed in May, signaling cooling momentum in the manufacturing sector amid softer demand for exports and slower domestic activity.

via AP News|

#business #china #economy

world3 months ago•4 min saved

Hormuz Crisis Casts Spotlight on Malacca Strait's Trade Lifeline

As the Hormuz crisis persists, analysts warn a future U.S.–China clash could unfold in Southeast Asia’s Strait of Malacca, a pivotal and congested waterway that handles a large share of global trade. The piece explains potential disruption routes and detours, the governance framework among Singapore, Malaysia, Indonesia, and Thailand, and how UNCLOS underpins free transit, while highlighting growing regional defense ties as nations seek to keep Malacca open amid rising geopolitics.

via NBC News|

#global-trade #hormuz-crisis #maritime-security

world3 months ago•5 min saved

Time running out to counter China’s rising grip on global supply chains

The US Chamber of Commerce warns governments have a finite window to push back against China’s state-led industrial policies, which deepen dependence on Chinese supply chains and boost Beijing’s global influence. A Rhodium Group report for the chamber highlights China’s shift from low-cost manufacturing to high-tech production (including robotics) and a broader industrial-policy push, signaling a potential reordering of global trade that policymakers must address soon to protect advanced economies’ competitive edge.

via Financial Times|

#china #global-trade #industrial-policy