International Trade

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South Korea’s export growth picks up, led by record US demand

Bloomberg | May 01, 2024 | International Trade

South Korea’s export growth accelerated last month, led by record demand from the US fed by strong economic momentum as China struggles to recover from a domestic slump.

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Mexico tariffs on steel, plastics to affect 7% of total imports

Bloomberg | May 01, 2024 | International Trade | Commodity

Mexico’s decision to slap tariffs on some goods from countries with which it doesn’t have trade agreements will only affect about $48 billion of the country’s imports, around 7% of the total, according to a Finance Ministry official.

Senate passes Russian uranium import ban, sending to Biden

Energy

Bloomberg | Top Story | May 01, 2024

Senate passes Russian uranium import ban, sending to Biden

The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the White House which has said it supports efforts to block the Kremlin’s shipments of the reactor fuel.

Agility’s CEO for Africa discusses the continent’s opportunities and challenges

International Trade

Stuart Todd | Top Story | April 30, 2024

Agility’s CEO for Africa discusses the continent’s opportunities and challenges

AJOT interviews Geoffrey White, long-standing CEO Africa of Kuwait-based logistics group Agility, who provides insights into trade in Africa, the challenges faced and the opportunities which lie ahead.

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China’s EV and solar exports are powering ahead as prices slide

Bloomberg | April 30, 2024 | Energy | Alternative | International Trade

China’s exports of batteries, electric cars and solar panels hit record highs last year, underlining its dominance of key green industries — and driving a global price slump that’s adding to alarm in developed economies.

Department of Commerce announces new actions to implement President Biden’s Executive Order on AI

AJOT | April 30, 2024 | International Trade

Argentina’s soybean crushers strike just as harvest gathers pace

Bloomberg | April 30, 2024 | International Trade | Commodity

White House eyes Russian uranium import ban while House bill stalls

Bloomberg | April 30, 2024 | Energy | International Trade | Commodity

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Brazil iron ore exports seen surging in 2024 if rivers stay high

Bloomberg | April 29, 2024 | International Trade | Commodity

Brazil’s Corumba region could more than double iron ore shipments through neighboring Uruguay this year if there is enough water in the rivers, according to one of the biggest logistics companies on the Paraguay- Paraná Hidrovia system...

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New eight-person US group helps fight China economic ‘coercion’

Bloomberg | April 29, 2024 | International Trade

When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.

Tepid exports recovery add to Vietnam, Thailand’s currency woes

Bloomberg | April 29, 2024 | International Trade

UAE, Ukraine finalize pact aimed at boosting bilateral trade

Bloomberg | April 29, 2024 | International Trade

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Top cocoa grower seeks to avoid export defaults after price hike

Bloomberg | April 29, 2024 | International Trade | Commodity

Ivory Coast is seeking to avoid a wave of cocoa-export defaults with a plan to compensate shippers for losses caused by a surprise increase in the price paid to farmers, according to people familiar with the matter.

Mexico trade surplus soars as slowing demand damps imports

Bloomberg | April 26, 2024 | International Trade

Britons finally taste full Brexit as costly border checks begin

Bloomberg | April 26, 2024 | International Trade

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Xi warns Blinken against ‘vicious competition’ between US, China

Bloomberg | April 26, 2024 | International Trade

President Xi Jinping warned America’s top diplomat that the US shouldn’t target or oppose China, as the world’s largest economies wrapped two days of talks spanning thorny disputes on trade and Beijing’s support for Russia’s war machine.

NCBFAA elects new officers and board members for 2024-2026

AJOT | April 26, 2024 | International Trade

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Biden tightens gun export rules to fight criminal diversion

Bloomberg | April 26, 2024 | International Trade

To curb the use of US-made civilian guns in crimes and human rights abuses abroad, the Biden administration will require exporters to better vet their customers and tighten sales to 36 countries deemed “high-risk” for illicit diversion of semiautomatic firearms, according to people briefed on the plan...

Japan tightens export controls on more chip and quantum tech

Bloomberg | April 26, 2024 | International Trade

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TikTok ultimatum makes US firms a target for China retaliation

Bloomberg | April 25, 2024 | International Trade

Now that President Joe Biden has signed off on a law that could expel TikTok from the US market, Beijing must decide how best to retaliate over an attack on the world’s most-valuable start-up.