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Stay Updated with the Latest News from the International Trade Council and Our Members

February 28, 2023

Daisy

Despite escalating diplomatic tensions, trade between the United States and China reached a record high in 2022, with imports and exports totaling $690.6 billion, according to official figures. This development showcases the continued interdependence between the world’s two largest economies, even in the context of an ongoing trade war since 2018. The new data reveals […]

January 20, 2023

Daisy

The International Trade Council (ITC) takes note of the recent statements by Business Secretary Grant Shapps expressing concern that President Joe Biden’s green subsidies could potentially lead to a rise in protectionism, which could prove “dangerous” for world trade. The President’s $430bn (£350bn) scheme, inclusive of tax credits for green technologies, is aimed at attracting […]

January 9, 2023

Daisy

The International Trade Council has warned that the global economy is perilously close to falling into recession. According to the latest report from the World Bank, the global economy is predicted to grow by only 1.7% this year, a significant decrease from the 3% forecast in June. The report blames Russia’s invasion of Ukraine and […]

December 8, 2022

Daisy

The International Trade Council commends the recent announcement of a comprehensive energy partnership between the United States and the United Kingdom. President Joe Biden and British Prime Minister Rishi Sunak unveiled the agreement, known as the U.K.-U.S. Energy Security and Affordability Partnership, with the aim of reducing global reliance on Russian energy exports, stabilizing Western […]

December 7, 2022

Daisy

The International Trade Council commends the recent announcement of a comprehensive energy partnership between the United States and the United Kingdom. President Joe Biden and British Prime Minister Rishi Sunak unveiled the agreement, known as the U.K.-U.S. Energy Security and Affordability Partnership, with the aim of reducing global reliance on Russian energy exports, stabilizing Western […]

December 7, 2022

Daisy

MONTEVIDEO, Uruguay, December 7, 2022 – The International Trade Council addresses the tensions that arose during the recent Mercosur summit, as Uruguay expressed its desire to pursue foreign markets despite opposition from Brazil, Argentina, and Paraguay. Uruguayan President Luis Lacalle Pou highlighted the need for his country to “open up to the world,” expressing intentions to […]

December 6, 2022

Daisy

The International Trade Council acknowledges the persistent discussions surrounding green subsidies between the European Union and the United States at the latest Trade and Technology Council (TTC) meeting. The summit, held at the University of Maryland, marked an important step in the progression of international cooperation on economic and technological matters. EU representatives, Vice Presidents […]

December 5, 2022

Daisy

The International Trade Council (ITC) acknowledges India’s recent indication that it will continue to prioritize its own energy needs and maintain its purchase of oil from Russia. While recognizing India’s sovereign right to make its energy choices, the ITC emphasizes the importance of considering the ongoing conflict in Ukraine and the potential consequences of supporting […]