International Trade

AI boom in the US drives 422% spike in Taiwanese tech exports

Bloomberg | July 10, 2024 | International Trade

The boom in AI is driving a surge in Taiwanese exports, with the island’s companies shipping more than $42 billion worth of graphic processing units and related equipment over the past year, up from almost nothing in recent years.

China buys first US soy for 2024 crop — about seven months late

Bloomberg | July 10, 2024 | International Trade | Commodity

China, the world’s largest importer of soybeans, made its first purchase of US soybeans for the upcoming season — months later than usual.

Expensive cocoa supply is about to hit chocolate makers, spurring demand pullback

Bloomberg | July 10, 2024 | International Trade | Commodity

Cocoa processing likely slowed a bit last quarter, but a steeper slump is looming as chocolatiers start to really feel the pinch of pricey beans.

International Trade

Bloomberg | Top Story | July 10, 2024

US targets China with tariffs on steel, aluminum sent via Mexico

President Joe Biden’s administration will apply new tariffs to steel and aluminum shipments diverted through Mexico in a bid to prevent China from circumventing existing levies through so-called transshipment.

International Trade

Bloomberg | Top Story | July 10, 2024

US diaper makers warn EU of shortages under law to save forests

US paper makers are warning the European Union that a new law requiring them to trace timber to its origins risks disrupting $3.5 billion of trade and raising prices for diapers, sanitary pads and other hygiene products.

Germany to prevent China control of wind-turbine data, Habeck says

Bloomberg | July 10, 2024 | Energy | Alternative | International Trade

Germany agrees to strip Huawei from 5G core network by end-2026

Bloomberg | July 10, 2024 | International Trade

Malaysia says near Singapore deal for special economic zone

Bloomberg | July 10, 2024 | International Trade

China opens tit-for-tat investigation into EU trade barriers

Bloomberg | July 10, 2024 | International Trade

Nigeria to scrap duty on some food imports to fight inflation

Bloomberg | July 10, 2024 | International Trade | Commodity

Nigeria announced a series of measures to curb food inflation that’s rising at its fastest pace in three decades in a country where almost half of its more than 200 million people live in extreme poverty.

NAWE urges U.S. Trade Representative to reconsider tariffs on ship-to-shore gantry cranes

AJOT | July 09, 2024 | International Trade | Ports & Terminals | Equipment and Tech

Saudis warned G-7 over Russia seizures with debt sale threat

Bloomberg | July 09, 2024 | International Trade

Russian tycoons pocket $11 billion dividends on war economy boom

Bloomberg | July 09, 2024 | Energy | International Trade | Commodity

Russian tycoons received billions of dollars in dividends as their companies resumed or boosted payouts amid easing economic uncertainty over the Kremlin’s war in Ukraine.

AI boom drives fastest growth in Taiwanese exports since 2022

Bloomberg | July 09, 2024 | International Trade

Taiwan’s exports rose at the fastest pace since February 2022, with shipments of tech products jumping more than fourfold.

Conflict in Congo threatens trade in key metals, UN experts say

Bloomberg | July 09, 2024 | International Trade | Commodity

Kenya begins levying import duties as regional deal kicks in

Bloomberg | July 09, 2024 | International Trade

India mulls easing rice export limits in boon to world buyers

Bloomberg | July 08, 2024 | International Trade | Commodity

India, the world’s top rice shipper, may relax restrictions on exports of some varieties to avoid a glut in the country before the new crop arrives in the market in October, according to people familiar with the matter.

China only recently responded to EU on tariffs, ambassador says

Bloomberg | July 08, 2024 | International Trade

China’s BYD is poised to build $1 billion EV plant in Turkey

Bloomberg | July 06, 2024 | International Trade

Global trade resumes growth in first quarter of 2024

AJOT | July 05, 2024 | International Trade

The growth was fueled by positive trade dynamics for the United States and developing countries, and in sectors related to green energy and artificial intelligence.

International Trade

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