Trade

Government, Business, Logistics

Global Trade Seen Rebounding Faster Now Than Post-2008 Recession

Global trade appears to be picking up faster than it did following the 2008 recession. Container ships stand illuminated at the Port of Hamburg in Germany on Aug. 5. (Alex Kraus/Bloomberg News)

Global trade is on course to recover more quickly from the coronavirus pandemic than after the 2008 financial crisis, according to Germany’s Kiel Institute for the World Economy.

Catherine Bosley | Bloomberg News
September 1, 2020
Government, Business

ATA Praises USMCA Pact

ATA President Chris Spear ATA President Chris Spear by John Sommers II for Transport Topics

The trade deal with Canada and Mexico that took effect at the start of the month garnered a strong endorsement from the leadership at American Trucking Associations.

Eugene Mulero | Senior Reporter
July 8, 2020
Government, Business, Logistics

China to Speed US Farm Purchases After Secretive Hawaii Talks

A truck hauls a load of corn between grain bins on a farm in Illinois during harvest. A truck hauls a load of corn between grain bins on a farm in Illinois during harvest. (Daniel Acker/Bloomberg News)

China plans to accelerate purchases of American farm goods to comply with the phase one trade deal with the U.S. following talks in Hawaii this week.

June 19, 2020
Government, Business, Fuel

US Slaps Sanctions on Mexican Companies Helping Venezuelan Oil

The sun sets over an oil refinery in Puerto Cabello, Venezuela. The sun sets over an oil refinery in Puerto Cabello, Venezuela. (Meridith Kohut/Bloomberg News)

The U.S. Treasury Department levied sanctions on Mexican trading company Libre Abordo SA de CV for buying Venezuelan oil via oil-for-humanitarian-aid agreements with the embattled country.

Lucia Kassai | Bloomberg News
June 19, 2020
Government, Business, Safety

US Borders With Mexico, Canada to Stay Closed, Except for Essential Traffic

Trade Most lanes remain closed at the Peace Arch border crossing into the U.S. from Canada. (Elaine Thompson/Associated Press))

Officials in Washington, Ottawa and Mexico City say the border closings to nonessential travel between the U.S. and its northern and southern neighbors will remain in place for at least another month. The borders have been closed to slow the spread of the coronavirus.

Dan Ronan | Associate News Editor
June 18, 2020
Government, Business

China Behind on Purchases in Phase One of Trade Deal

Baby pigs stand in a pen at the Paustian Enterprises farm in Walcott, Iowa Baby pigs stand in a pen at the Paustian Enterprises farm in Walcott, Iowa. China needs pork because its own hog herd has been devastated by African Swine Fever. (Daniel Acker/Bloomberg News)

President Donald Trump’s promise that his phase one trade deal with China would provide a $36.5 billion election-year bonanza for his rural base was always a stretch. Now it looks like it may never be fulfilled.

June 5, 2020
Government, Business, Logistics

US Says Hong Kong’s Autonomy Is Gone

Demonstrators are detained by riot police in front of a shopping mall in Hong Kong on May 27. Demonstrators are detained by riot police in front of a shopping mall in Hong Kong on May 27. (Lam Yik/Bloomberg News)

The U.S. has certified that Hong Kong is no longer politically autonomous from China, a move that could have far-reaching consequences on the former British colony’s special trading status with the U.S., Secretary of State Michael Pompeo said.

Nick Wadhams | Bloomberg News
May 27, 2020
Government, Business, Safety

US Extends Border Closings With Canada, Mexico; Trucking Remains Exempt

Trucks cross U.S.-Canada border Two trucks transport goods across the United States-Canada border at the Lewiston–Queenston Bridge over the Niagara River. (Mike Rosiana/Getty Images)

U.S. and Canadian officials reached an agreement to keep the 5,525-mile border closed to nonessential traffic until June 21.

Dan Ronan | Associate News Editor
May 19, 2020
Government, Business

US Trade Plummeted in March With Record Drop in Exports

Gantry cranes stand above the APM shipping terminal in the Port of Los Angeles on May 1. Gantry cranes stand above the APM shipping terminal in the Port of Los Angeles on May 1. (Patrick T. Fallon/Bloomberg News)

U.S. exports of goods and services plunged in March by a record and imports declined by the most in 11 years as the coronavirus pandemic stymied trade and travel.

Reade Pickert | Bloomberg News
May 5, 2020
Government, Business

US Trade Deficit Narrows to $45.3 Billion in January

Trader Specialist Anthony Rinaldi prepares for the day's trading at the New York Stock Exchange on March 5, 2020. (Richard Drew/Associated Press)

WASHINGTON — The U.S. trade deficit narrowed in January as exports fell but imports fell more. The politically sensitive trade gap with China widened.

Paul Wiseman | Associated Press
March 6, 2020

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