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Archive for the ‘United States’ Category

US Resumes Mexican Beef Imports, Strengthening Bilateral Trade Relations

International Trade and Imports, News, United States

February 1, 2025

The United States has officially agreed to lift the temporary suspension on Mexican beef imports, marking a positive development in bilateral trade between the two nations. Mexican Agriculture Minister Julio Berdegué shared the exciting news on social media, announcing that the U.S. Department of Agriculture (USDA) had signed memorandums allowing the resumption of beef imports. […]

U.S. Economy Shows Strong Resilience with Robust Trade and Domestic Demand

Economic Development, News, United States

January 30, 2025

The U.S. economy demonstrated impressive resilience in the fourth quarter of 2024, bolstered by solid consumer spending and a strong labor market. While imports surged and a strike at Boeing temporarily impacted aircraft production, the broader economic landscape remains positive, signaling healthy trade activity and domestic growth. The Federal Reserve’s approach of gradual interest rate […]

US Exploring Potential Tariffs on Mexico and Canada to Strengthen Trade Partnerships

News, Trade Relations, United States

January 20, 2025

The United States is considering a 25 percent tariff on imports from Mexico and Canada as part of ongoing efforts to address border-related concerns and enhance trade policies. The announcement, made on Monday, underscores the significance of fostering collaborative trade solutions among North American partners.   If implemented on February 1, 2025, the proposed tariffs […]

U.S. Implements Export Controls to Strengthen Global Trade Security and Innovation

Global Trade, News, United States

January 15, 2025

The U.S. Commerce Department has introduced new export controls on advanced biotechnology equipment and related technologies, emphasizing the importance of maintaining secure and responsible global trade. These measures aim to ensure that cutting-edge technologies, including those used in artificial intelligence (AI) and biotechnology, are utilized ethically and contribute positively to global markets.   Key items […]

U.S. Shrimp Imports from India, Indonesia, and Ecuador Show Resilience and Growth Opportunities

Agricultural Imports, News, United States

December 17, 2024

The U.S. shrimp market continues to show positive signs of resilience, with a steady flow of imports from top global exporters. In October 2024, the U.S. imported 164.3 million pounds (74,544 metric tons) of shrimp, slightly down from the previous year’s 168 million pounds (76,187 metric tons). Year-to-date figures indicate a 4.4% decrease compared to […]

U.S. Tariff Adjustments to Boost Domestic Clean Energy Industry and Trade Opportunities

Energy Trade, News, United States

December 11, 2024

The U.S. government has introduced increased tariffs on solar wafers, polysilicon, and tungsten products, aiming to empower its clean energy sector and strengthen its global competitiveness. This move underscores a commitment to fostering innovation and enhancing the resilience of domestic supply chains while supporting a growing clean energy economy.   By adjusting tariffs, the U.S. […]

US Grain and Oilseed Exports Drive Global Trade

Agricultural Exports, News, United States

December 11, 2024

The United States is experiencing a surge in grain and oilseed exports, particularly for corn and soybean oil. The US Department of Agriculture (USDA) recently revised its export forecasts upwards, signaling strong global demand for American agricultural products.   The impressive performance of US soybean oil exports is driven by a combination of factors, including […]

Philippines Secures $5 Billion Investment Pledges from German and US Companies in Trade Boost

Germany, International Trade, News, Philippines, United States

December 6, 2024

In a significant development for international trade, the Philippines has garnered approximately $5 billion in investment pledges from German and American companies this week. These commitments, spanning diverse sectors such as healthcare and energy, signal a substantial step forward for the country as it vies for foreign capital in the global market.   During President […]

US Export Credit Agency Supports Oil and Gas Drilling in Bahrain Despite Biden’s Climate Pledge

Energy Trade, News, United States

December 3, 2024

A US export credit agency is moving forward with plans to back the drilling of over 450 new oil and gas wells in Bahrain, despite President Biden’s commitment to climate action. The agency’s board recently voted to notify Congress about the potential investment, a necessary step for projects exceeding $100 million. Observers anticipate that financing […]

U.S. Electricity Exports to Canada See Strong Growth

International Trade and Export, News, United States

November 18, 2024

U.S. electricity exports to Canada have surged, reflecting a positive shift in cross-border energy trade. The rise in exports is largely attributed to lower natural gas prices in the United States and reduced hydropower generation in Canada. According to the U.S. Energy Information Administration (EIA), U.S. electricity exports to Canada jumped by 70% in 2023, […]

U.S. Pork Exports to Mexico Set for Record High, Strengthening North American Trade Ties

Agricultural Exports, News, United States

November 14, 2024

U.S. pork exports to Mexico are on track for a record-setting year, underscoring the strength of trade partnerships across North America and the rising demand for quality agricultural products. According to the U.S. Department of Agriculture (USDA) and U.S. Meat Export Federation (USMEF), September saw 91,492 metric tons (mt) of U.S. pork exported to Mexico—a […]

China Trade Council Requests Clarification on U.S. Tech Investment Restrictions

China, Economic Relations, News, United States

November 12, 2024

The International Trade Council reports that China’s international trade council has formally approached the United States, urging a careful review of rules that either prohibit or restrict U.S. investments in China’s technology sector, as revealed by state television on Friday.   Last month, U.S. President Joe Biden signed an executive order that imposes bans or […]

South Korea Advocates for Clarity in US Chip Trade Regulations, Underscoring Global Industry Impact

International Trade, South Korea, United States

November 11, 2024

In a significant move reflecting the intricate dynamics of global trade relations, South Korea called upon the United States to provide clarity and resolution pertaining to uncertainties in U.S. export controls within the semiconductor sector, as well as conditions surrounding subsidies for chip investment. This request, articulated by Industry Minister Bang Moon-kyu during a meeting […]

Automakers Look to U.S. Investment and Expanded Production Amid Potential New Tariff Policies

Automotive Industry, News, United States

November 6, 2024

Automakers are positioning for new growth opportunities within the U.S. market, with potential policy adjustments on the horizon that could impact trade and production strategies. As the sector assesses upcoming tariff policies, industry leaders are considering enhanced domestic manufacturing and increased U.S.-based investments to drive innovation and meet shifting market demands.   Recent discussions around […]

U.S. Retailers Strategically Adjust Christmas Imports in Anticipation of Holiday Trends

News, Trade and Commerce, United States

November 5, 2024

As the holiday season approaches, U.S. retailers, including industry giant Walmart, are strategically adjusting their import strategies for Christmas goods. Recent data reveals a thoughtful decrease in holiday product imports, reflecting retailers’ proactive approach to align with evolving consumer preferences and market trends.   Walmart has reported importing around 340,000 kilos of Christmas-related products in […]

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