International Trade

Shein’s silence on China cotton use leaves British lawmakers in the dark on supply chain

Reuters | January 07, 2025 | International Trade | Commodity

A Shein representative declined to provide a direct answer when asked by a British parliamentary committee on Tuesday whether the online fast-fashion retailer uses cotton from China or from its Xinjiang province, a key issue for potential investors concerned about its supply chain.

Nippon Steel lawsuit against Biden could buy time to keep U.S. Steel deal alive

Reuters | January 07, 2025 | International Trade | Commodity

Nippon Steel and U.S. Steel are unlikely to convince a court to scrap President Joe Biden's decision to block their $14.9 billion merger, but their lawsuit could give them more time to reach a deal with incoming President Donald Trump.

Microsoft to invest $3 billion in India, to expand AI and cloud capacity

Reuters | January 07, 2025 | International Trade

Microsoft will spend $3 billion to expand its Azure cloud and artificial intelligence (AI) capacity in India, CEO Satya Nadella said on Tuesday, doubling down on a country with tech expertise and low costs to help turn such investments profitable.

Dollar lower but volatile on Trump tariff uncertainty

Reuters | January 06, 2025 | International Trade

Trump denies report that his team is eyeing pared-back tariffs

Reuters | January 06, 2025 | International Trade | Commodity

U.S. President-elect Donald Trump on Monday denied a newspaper report that said his aides were exploring tariff plans that would only cover critical imports.

US adds Tencent, CATL to list of Chinese firms allegedly aiding Beijing’s military

Reuters | January 06, 2025 | International Trade

By Michael Martina, David Shepardson and Karen Freifeld WASHINGTON (Reuters) - The U.S. Defense Department said Monday it had added Chinese tech giants including gaming and social media leader Tencent

U.S. Steel, Nippon allege Biden violated constitution in lawsuit over blocked deal

Reuters | January 06, 2025 | International Trade | Commodity

U.S. President Joe Biden violated the Constitution by blocking Nippon Steel's $14.9 billion bid for U.S. Steel through a sham national security review, the companies alleged in a lawsuit they said was filed on Monday.

Weak demand for aircraft weighs down US factory orders in November

Reuters | January 06, 2025 | Air Cargo | Airlines | International Trade

Mexico announces increased tariffs on apparel imports, forcing a “scramble” to reshore operations in the United States

AJOT | January 06, 2025 | International Trade | Logistics

ITS Logistics’ 3.7 million square foot national distribution and fulfillment centers offer immediate reshoring options for customers

China’s export ban to push antimony prices to new highs

Reuters | January 06, 2025 | International Trade | Commodity

Antimony prices are likely to hit record levels as consumers seek alternative supplies following China's latest export ban with growing trade tensions changing the dynamics around markets for critical materials.

Trump aides, in shift, eye tariffs only for critical areas, Washington Post reports

Reuters | January 06, 2025 | International Trade

China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows

Reuters | January 05, 2025 | International Trade

China's services activity expanded at the fastest pace in seven months in December, driven by a surge in domestic demand, but orders from abroad declined, reflecting growing trade risks to the economy, a private sector survey showed on Monday.

Rival CEO spread doubt about Nippon Steel deal prospects to Wall Street, documents allege

Reuters | January 05, 2025 | International Trade | Commodity

Even as Nippon Steel faced skepticism of its doomed $14.9 billion bid for U.S. Steel from the Biden administration, it was also contending with headwinds from an unlikely source: the CEO of a rival bidder for the firm who repeatedly cast doubt on the deal's prospects to investors.

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