International Trade

Aramco chief tells Davos he expects additional oil demand of 1.3 million bpd this year

Reuters | January 21, 2025 | International Trade

Saudi oil giant Aramco's Chief Executive Amin Nasser said on Tuesday he sees the oil market as healthy and expects an additional 1.3 million barrels per

Oil slips as traders digest Trump tariff reprieve, plan to boost US oil output

Reuters | January 21, 2025 | International Trade

Oil prices fell on Tuesday as investors assessed U.S. President Donald Trump's plans to apply new tariffs later than expected while boosting oil and gas production

German exporters expect 2.7% fall in sales in 2025

Reuters | January 21, 2025 | International Trade | By The Numbers

About 80% of German businesses who trade overseas expect a further decline in sales this year, Germany's BGA trade association said on Tuesday, forecasting a 2.7%

NABTU Statement on Trump-Vance Inauguration

AJOT | January 20, 2025 | International Trade

Trump to lay out trade vision but won’t impose new tariffs yet, official says

Reuters | January 20, 2025 | International Trade

Donald Trump will issue a broad trade memo on Monday that stops short of imposing new tariffs on his first day in office, but rather directs federal agencies to evaluate U.S. trade relationships with China, Canada and Mexico, an incoming Trump administration official said.

Alleima relaunches high-strength and corrosion-resistant steel for sustainable energy sectors

AJOT | January 20, 2025 | International Trade

Alleima®HighN50 bar is an advanced austenitic stainless steel (XM-19/UNS S20910) known for its exceptional strength, corrosion resistance, and non-magnetic properties. Although the material has been in the market for years, Alleima has constantly refined and secured the product line and is now offering bars in two distinct variations: Alleima®HighN50-A (annealed) and Alleima®HighN50-HS (high-strength).

Top IKEA franchisee warns in Davos that tariffs could drive prices higher

Reuters | January 20, 2025 | International Trade

For budget furniture retailer IKEA, the fewer trade tariffs there are the better, the CEO of Ingka Group, the biggest global IKEA franchisee, told Reuters in Davos on Monday as businesses brace for higher U.S. tariffs under President Donald Trump.

Hearing on Nippon Steel’s lawsuit over U.S. Steel bid set for Feb-March, Kyodo says

Reuters | January 20, 2025 | International Trade | Commodity

The hearing for a lawsuit that Nippon Steel and U.S. Steel brought against U.S. President Joe Biden's administration is scheduled for February and March, Kyodo news agency reported on Monday, without citing sources.

EU and Mexico revive stalled trade deal as Trump looms

Reuters | January 17, 2025 | International Trade

The European Union and Mexico reignited a stalled upgrade to their free trade deal on Friday, just days before the return to office of U.S. President-elect Donald Trump, who has threatened both sides with tariffs.

Mexico economy growth outlook sluggish, bracing for U.S. tariff hit - Reuters poll

Reuters | January 17, 2025 | International Trade

Mexico's economy will stay sluggish this year, a Reuters poll of economists found, as the country braces for a possible radical shift in U.S. tariff and migration rules that could dramatically worsen the outlook.

Trump’s tariff plan could be gambit to win leverage, strategists say

Reuters | January 17, 2025 | International Trade | Commodity

As investors the world over brace for a global trade war with U.S. President-elect Donald Trump returning to the White House next week, several economists and strategists believe his proposed hefty tariff hikes could well be a negotiation tool.

US manufacturing output accelerates in December

Reuters | January 17, 2025 | International Trade

U.S. manufacturing output surged in December likely as production at Boeing picked up following the end of a crippling strike by factory workers at the aerospace giant.

IMF lifts US outlook, warns countries against protectionism, subsidies

Reuters | January 17, 2025 | International Trade

The International Monetary Fund on Friday raised its forecast for global growth in 2025 by one-tenth of a percentage point, with stronger-than-expected growth in the U.S. offsetting downward revisions in Germany, France and other major economies.

Canada ready to respond to potential US tariffs on Monday, foreign minister says

Reuters | January 17, 2025 | International Trade | Commodity

Canada is ready to respond to tariffs from its top trade partner the United States on Monday if President-elect Donald Trump follows through on his threat to impose them, Foreign Minister Melanie Joly said on Friday.

Vistra’s battery storage facility goes up in flames, spurs evacuation orders

Reuters | January 17, 2025 | Energy | International Trade

One of the world's largest battery storage facilities is being consumed by flames near San Francisco on Friday, and officials say the best solution is to let the factory continue to burn

Beware Egypt’s smokestack onshoring as cement exports surge

Reuters | January 17, 2025 | International Trade | By The Numbers

North Africa's largest economy and second-largest natural gas producer has stepped up the production and export of several highly energy-intensive

November 2024 Freight Transportation Services Index

AJOT | January 17, 2025 | International Trade

The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 0.3% in November from October, falling after a marginal monthly increase (0.2%) in October, according to the U.S. Department of Transportation Bureau of Transportation Statistics (BTS). From November 2023 to November 2024 the index rose 0.6% (Tables 1, 2, and 2A).

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