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February 4, 2025

Jessica Jumaway

Mexican officials have expressed optimism about reaching an agreement with the United States before the newly extended tariff deadline, highlighting ongoing collaboration between the two nations to address shared economic and security concerns.   The U.S. had initially planned to impose 25% tariffs on imports from Mexico and Canada but postponed implementation by a month […]

February 3, 2025

Jessica Jumaway

China has proposed reviving the 2020 trade agreement with the United States, signaling a commitment to strengthening economic ties and fostering a more stable global trade environment. This initiative underscores the potential for renewed collaboration between the two major economies, benefiting industries and businesses worldwide.   The proposal includes efforts to stabilize currency policies, increase […]

February 3, 2025

Jessica Jumaway

Hong Kong’s economy continued its positive trajectory, expanding by 2.4 percent in the fourth quarter of 2024 compared to the previous year, according to official estimates released on Monday. This marks the eighth consecutive quarter of growth, reinforcing the city’s strong position in global trade and commerce.   The latest figures slightly exceeded market expectations […]

February 3, 2025

Jessica Jumaway

Australia remains well-positioned to adapt to evolving global trade dynamics, reinforcing its commitment to economic stability and open market policies, Treasurer Jim Chalmers affirmed on Tuesday.   Speaking with ABC News, Chalmers highlighted Australia’s proactive approach to managing trade shifts, particularly in response to recent developments in the United States. “These are significant changes, but […]

February 3, 2025

Jessica Jumaway

Japan’s agricultural, forestry, and fishery exports reached an all-time high in 2024, showcasing the country’s resilience and adaptability in the global market. The Ministry of Agriculture, Forestry, and Fisheries (MAFF) reported a 3.7% increase in exports, totaling 1.507 trillion yen ($9.7 billion), marking the twelfth consecutive year of growth.   This success reflects Japan’s expanding […]

February 3, 2025

Jessica Jumaway

South Africa has launched a safeguard investigation into the import of certain flat-rolled steel products, demonstrating its commitment to maintaining a balanced and competitive steel market. This initiative, formally notified to the World Trade Organization’s (WTO) Committee on Safeguards on 3 February 2025, seeks to assess the impact of rising imports on domestic producers while […]

February 2, 2025

Jessica Jumaway

Ecuador and Canada have successfully finalized a new trade agreement, paving the way for expanded economic opportunities and stronger bilateral trade relations. Ecuadorian President Daniel Noboa announced the deal, emphasizing its potential to drive local job creation and boost key export sectors.   The agreement, which follows six rounds of negotiations since March 2024, is […]

February 2, 2025

Jessica Jumaway

South Korea’s manufacturing sector started the year on a strong note, with factory activity expanding in January due to robust international demand. This signals a recovery in production and highlights the country’s crucial role in global trade.   According to S&P Global’s latest Purchasing Managers’ Index (PMI) report, South Korea’s PMI rose to 50.3 in […]

February 1, 2025

Jessica Jumaway

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. […]

January 30, 2025

Jessica Jumaway

The Chilean blueberry industry continues to strengthen its global presence as the 2024-2025 export season progresses. According to the Chilean Fruit Blueberry Committee, total exports have reached 55,946 tons as of the second week of 2025, reflecting steady demand and effective market strategies. Notably, 11,767 tons were shipped in the initial weeks of the year. […]

January 30, 2025

Jessica Jumaway

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 […]

January 30, 2025

Jessica Jumaway

Morocco’s demand for high-quality almonds has reached new heights, with imports surpassing 35,000 tons in the first 11 months of 2024. Valued at $174.5 million, this represents an 18% increase from the previous year, demonstrating the country’s strong position in global agricultural trade.   The steady growth in almond imports reflects Morocco’s expanding market for […]

January 30, 2025

Jessica Jumaway

Vietnam’s fruit export industry has achieved a remarkable milestone, reaching $7.15 billion in 2024. This strong performance highlights the country’s growing influence in international trade, driven by rising demand for durian, coconuts, longans, pomelos, and mangoes. With shipments expanding to over 60 markets, Vietnam continues to strengthen its position as a key player in global […]