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Archive for the ‘United States’ Category

U.S. Treasury Secretary Yellen Assures Support for Egypt Amidst IMF Loan Discussions

Economic Development, Egypt, News, United States

January 11, 2024

In a meeting with Egyptian authorities in Washington, U.S. Treasury Secretary Janet Yellen has reaffirmed the United States’ commitment to supporting Egypt’s economic reforms. The discussions, which took place on Tuesday, coincided with talks about expanding Egypt’s existing $3 billion loan program with the International Monetary Fund (IMF).   The Egyptian delegation, comprising the finance […]

U.S. Container Imports Maintain Steady Growth in December, Global Shipping Report Reveals

Logistics, News, United States

January 8, 2024

In a positive turn of events, U.S. container imports exhibited a nearly 10% increase in December compared to the same month the previous year, signaling a robust finish to 2023, according to the latest Global Shipping Report by Descartes Systems Group. The report indicated that import volumes continued to outpace pre-pandemic levels through the peak […]

Report Indicates Record Foreign Direct Investment into the U.S. Exceeding $200 Billion

Foreign Investments, News, United States

January 4, 2024

In a significant development, the U.S. Department of Commerce proudly announced a remarkable milestone, surpassing $200 billion in client-verified foreign direct investment (FDI). This achievement, facilitated by the SelectUSA program within the International Trade Administration, signifies a substantial contribution to the U.S. economy, supporting over 200,000 jobs across the nation and its territories since the […]

U.S. Extends Steel and Aluminum Tariff Rate Quotas for European Union, Reflecting Biden Administration’s Economic Priorities

News, Trade Policy, United States

December 28, 2023

In a significant update, U.S. Secretary of Commerce Gina M. Raimondo issued a statement following President Biden’s signing of two Presidential Proclamations, prolonging the European Union’s access to U.S. tariff rate quotas (TRQs) for steel and aluminum for an additional two years.   Secretary Raimondo underscored President Biden’s economic agenda, which places a strong emphasis […]

U.S. President Joe Biden Prolongs EU Tariff Suspension, Nurturing Trade Relations

Europe, News, Trade Policy, United States

December 28, 2023

In a move to foster ongoing negotiations and collaboration, U.S. President Joe Biden announced on Thursday the extension of the suspension of tariffs on European Union steel and aluminum for an additional two years. This decision underscores the commitment of both the United States and the European Union to finding comprehensive solutions to address challenges […]

US and Mexico Strengthen Collaboration to Address Migration Challenges

Mexico, News, Trade Policy, United States

December 28, 2023

In a collaborative effort to address the escalating issue of record migration at their shared border, the United States and Mexico have pledged to enhance cooperation, as announced in a joint statement following high-level talks. The discussions, which took place after U.S. Secretary of State Antony Blinken’s visit to Mexico, focused on strategies to manage […]

Global Oil Industry Reshapes in 2024 Amidst U.S. Consolidation

Global Trade, News, United States

December 26, 2023

In a transformative year for the oil and gas sector, the industry embarked on a $250 billion acquisition spree in 2023, capitalizing on high stock prices to secure cost-effective reserves and brace for anticipated industry consolidation. Major players, including Exxon Mobil, Chevron Corp, and Occidental Petroleum, executed acquisitions totaling $135 billion, positioning themselves strategically to […]

U.S. and Mexico Acknowledge Need for Increased Border Enforcement

Logistics, Mexico, News, United States

December 21, 2023

In a recent conversation between U.S. President Joe Biden and Mexican President Andres Manuel Lopez Obrador, both leaders concurred on the necessity of enhancing border enforcement between their nations, as a surge in attempted border crossings has disrupted trade activities. This consensus was disclosed by the White House.   In response to this shared concern, […]

U.S. Senator Marco Rubio Calls for Sanctions on Chinese Chip Firm Brite Amidst Concerns

News, Technology, United States

December 20, 2023

U.S. Senator Marco Rubio, a Republican lawmaker, has called upon the Biden administration to impose sanctions on the Chinese chip design firm Brite Semiconductor due to its connections with China’s leading sanctioned chipmaker and its involvement with Chinese military suppliers. The move comes after recent reports revealed that Brite Semiconductor provides chip design services to […]

U.S. Contemplates Tariff Hike on Chinese Electric Vehicles

News, Trade Policy, United States

December 20, 2023

In a recent development, the Biden administration is reportedly in discussions regarding an increase in tariffs on certain Chinese goods, particularly electric vehicles (EVs), according to sources cited by the Wall Street Journal.   China’s export of vehicles has been on the rise in recent years, driven by excess production capacity and a slowdown in […]

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