The U.S. International Trade Commission has filed a report on the measurable effects of U.S. free trade agreements on U.S. imports and exports, domestic production, income, and employment – new considerations for the ongoing debate regarding the pros and cons of...
As one of the top stories of 2021, every day there are multiple stories about global importing and the current shipping crisis speculating when it might end. While there are many reasons it exists, sorting through the noise to find the answer is not an easy task....
The Biden Administration has announced plans to strengthen the resiliency of critical U.S. supply chains to protect American industries from shortages that were exacerbated by COVID-19, significantly impacting earnings prospects in several key U.S. industries. But...
Pharmaceutical imports and imports of chemicals under Section VI of the Harmonized Tariff Schedule (HTS) are likely to be one of the sectors most notably impacted by the coronavirus pandemic over the next several years. The commonly held belief is that Covid-19 has...
Last year closed with a Phase One agreement to “reset the relationship” between the U.S. and China. Roughly the same time, the first cases of the novel coronavirus were presenting themselves in Wuhan. The COVID-19 pandemic’s impact on global markets will dwarf the...
Sophisticated and globally connected supply chains have made the movement of goods more efficient and accessible but, at the same time, susceptible to economic crisis and natural disasters such as the financial crisis in 2008 and the Asian Tsunami in 2011. While many...
Companies in diverse sectors, including consumer electronics, automobiles and automotive parts, pharmaceuticals, and apparel are warning they are mere weeks away from running out of production-critical supplies as Chinese factories shut down and cross-border commerce...
Approved by Congress and signed by President Trump on January 29, the U.S.-Mexico-Canada Agreement is one big step closer to entering into force. Mexico was first to ratify the trade pact on June 19, 2019. Canada’s House of Commons will be taking up the USMCA this...
While negotiations between the U.S. and Japan are continuing with a view to a free trade agreement in 2020, the trade partners on September 25 announced a partial deal – an “early harvest” – that will open Japanese markets to more U.S. agricultural exports and reduce...
In the first half of this year, Descartes Datamyne trade data shows, the U.S. swung from net importer to exporter of methanol [HS290511], a basic petrochemical derived from natural gas. The trade surplus might have been more substantial had shipments to China not...
