Archive for the ‘United States’ Category

In response to evolving global dynamics and supply chain uncertainties, Hota Industrial Mfg. Co, a renowned Taiwanese auto parts manufacturer, is making a strategic shift by establishing its first manufacturing facility in the United States. For decades, Hota has been a key supplier of gears, shafts, and other automotive components to major foreign car manufacturers […]

Agricultural Trade, News, United States

November 17, 2023

In a significant commitment to global trade facilitation, the United States Department of Agriculture (USDA) has entered into a five-year agreement with the Standards and Trade Development Facility (STDF), pledging financial support from 2023 to 2028. This partnership reflects the USDA’s dedication to aiding developing countries in meeting international food safety, animal health, and plant […]

At the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, President Joe Biden emphasized his commitment to furthering a Pacific trade pact, focusing on workers’ rights and maintaining stable relations with China. Addressing top corporate executives, Biden expressed determination to continue promoting trade that prioritizes strong labor standards.   Despite challenges in aligning the […]

In a significant diplomatic development, Mexican President Andres Manuel Lopez Obrador is slated to meet Chinese President Xi Jinping during the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco. This high-level meeting signifies a rare international trip for President Lopez Obrador, who has predominantly focused on domestic matters.   Additionally, the Mexican President is scheduled […]

Geopolitics, News, United States

November 13, 2023

The United States has unveiled plans to acquire 1.2 million barrels of oil, aiming to replenish its Strategic Petroleum Reserve (SPR). The announcement was made by the Department of Energy on Monday.   According to the department, the intended purchase involves sourcing oil at an average price of $77.57 per barrel from two companies, following […]

News, Trade Relations, United States

November 13, 2023

  In the midst of high-stakes negotiations between U.S. President Joe Biden and Chinese President Xi Jinping, the commerce chiefs of the United States and China are set to convene at the Asia Pacific Economic Cooperation (APEC) forum this week.   A spokesperson from the U.S. Commerce Department confirmed that U.S. Commerce Secretary Gina Raimondo […]

In a significant development, the United States and Indonesia are set to engage in discussions regarding a potential minerals partnership focused on boosting the trade of nickel, a crucial component in electric vehicle (EV) batteries. The talks are slated to take place as Indonesian President Joko Widodo visits the White House for a meeting with […]

In a significant development, the United States is set to resume importing beef from Paraguay after a hiatus lasting a quarter of a century. This eagerly awaited decision was announced by the U.S. embassy in Paraguay on Thursday, following an extensive regulatory review process.   President Santiago Pena hailed this milestone as a momentous occasion, […]

The European Commission is actively pursuing an agreement with the United States regarding steel and aluminum trade, with the goal of ending U.S. import tariffs on these metals by the close of the year. Commission Vice President Vera Jourova made this announcement, underscoring the European Union’s determination to find a resolution.   Negotiations between U.S. […]

A bipartisan group of U.S. lawmakers is urging the Biden administration to raise tariffs on Chinese-made vehicles and explore measures to prevent Chinese firms from exporting vehicles to the United States through Mexico. In a letter addressed to U.S. Trade Representative Katherine Tai, Representative Mike Gallagher, a Republican who chairs a select committee on China, […]