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

December 28, 2023

Daisy

News, Trade Policy, United States

0

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

December 28, 2023

Daisy

Europe, News, Trade Policy, United States

0

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

December 28, 2023

Daisy

Mexico, News, Trade Policy, United States

0

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

December 26, 2023

Daisy

Global Trade, News, United States

0

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 […]

Resolution at Ukraine-Poland Border as Polish Farmers Conclude Blockade

December 24, 2023

Daisy

News, Poland, Trade Relations, Ukrain

0

In a positive development for cross-border trade, Ukrainian border services announced the resumption of lorry movement after Polish farmers concluded their blockade at one of the key border crossings between Ukraine and Poland. The blockade had disrupted truck traffic, causing delays and challenges for both nations.   According to the Ukrainian border service’s statement on […]

EU and UK Extend Trade Rules to Prevent Tariffs on Electric Vehicles

December 21, 2023

Daisy

Europe, News, Trade Agreements, United Kingdom

0

In a significant development, the European Union (EU) and the United Kingdom (UK) have decided to grant electric vehicle (EV) manufacturers an extension until the end of 2026 to comply with local content regulations. This move effectively postpones the imposition of tariffs on electric vehicles traded between the EU and the UK.   This extension, […]

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

December 21, 2023

Daisy

Logistics, Mexico, News, United States

0

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, […]

Chair of Fisheries Subsidies Negotiations Presents New Text to Advance Agreement at MC13

December 21, 2023

Daisy

News, Trade Agreements

0

Ambassador Einar Gunnarsson of Iceland, chairing the negotiations on fisheries subsidies, has circulated a fresh draft text aimed at curbing subsidies that contribute to overcapacity and overfishing. This move is part of a concerted effort to push these negotiations towards a successful conclusion at the 13th Ministerial Conference (MC13) scheduled for late February 2024. The […]

Ukraine Aims to Resolve Border Blockade with Poland

December 21, 2023

Daisy

Bilateral Trade Relation, News, Poland, Ukrain

0

Ukraine is actively seeking an agreement with Poland’s new government this week to put an end to the ongoing truck blockades at their shared border crossings, announced Ukraine’s Deputy Prime Minister. Polish truckers had recently resumed their blockade of key border crossings, demanding the reinstatement of a system that requires Ukrainian companies to obtain permits […]

EU and Kenya Forge Strong Economic Partnership Agreement with Emphasis on Sustainability

December 20, 2023

Daisy

Europe, News, Trade Policy

0

In a momentous development for international trade, the European Union (EU) and Kenya have officially signed an Economic Partnership Agreement (EPA). This landmark agreement is designed to bolster bilateral trade in goods, promote increased investment flows, and foster sustainable economic growth.   Distinguished by its comprehensive approach to sustainability, the EPA represents the most ambitious […]

China Aims to Boost Integrated Development of Trade

December 20, 2023

Daisy

China, News, Trade Policy

0

China, one of the world’s largest consumer markets and the leading global goods trader, is pushing forward with efforts to promote the integrated development of both domestic and foreign trade.   A recent circular released by the General Office of the State Council outlines 18 measures designed to accelerate this integrated development. Officials from various […]

Argentina’s President Milei Unveils Bold Economic Reforms to Boost Exports and Deregulation

December 20, 2023

Daisy

Argentina, Economic Policy, News

0

In a significant move to address Argentina’s severe economic crisis, President Javier Milei, a self-described anarcho-capitalist, has signed a decree outlining a series of economic reforms aimed at revitalizing the nation’s economy. The reforms include the removal of export limits and a concerted effort to reduce stifling regulations that have hampered economic growth.   “This […]

Nicaragua and China Strengthen Ties, Seek Economic Support Amidst Western Sanctions

December 20, 2023

Daisy

China, International Relations, News

0

Nicaragua and China have taken steps to enhance their bilateral relations, signaling Beijing’s commitment to providing increased economic support to Nicaragua, which is facing sanctions from Western countries. This move also underscores China’s strategic interests in the Central American region, which is considered the United States’ sphere of influence.   China and Nicaragua re-established diplomatic […]

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

December 20, 2023

Daisy

News, Technology, United States

0

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 […]

EU Fiscal Rules: Safeguarding Economic Stability and Confidence

December 20, 2023

Daisy

Europe, International Trade, News

0

European Union finance ministers have unanimously approved alterations to the EU’s fiscal regulations, introducing customized strategies for debt reduction and encouraging investments. These amendments hold substantial significance, and here’s an exploration of their importance.   Fostering Fiscal Responsibility: In a region where the euro serves as the common currency and the European Central Bank oversees […]

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