trade between China and the U.S.

Trump Admin sending crystal-clear message: “Know your supply chains”

This is an excerpt from Thursday’s Point of Sale retail supply chain newsletter.

The western Chinese region of Xinjiang is a major source of coal, chemicals, sugar, tomatoes and polysilicon, but the area is most notably the country’s primary producer of cotton. In fact, 85% of China’s cotton can be traced to the region and China accounts for ~20% of the world’s cotton production. 

After months of increasing restrictions, the Trump Administration announced a blanket import ban on all cotton and...

https://www.freightwaves.com/news/trump-admin-sending-crystal-clear-message-know-your-supply-chains

China remains top US trade partner, Mexico No. 2

For the second month in a row, China was the main trading partner of the U.S., followed by Mexico in second place and Canada in third. 

Trade between the U.S. and China totaled $59 billion in November, an increase of 30% compared to the same period a year ago, according to data released Thursday by the U.S. Census Bureau.

Mexico’s trade with the U.S. totaled $49 billion in November, a decrease of 1.8% from November 2019. Mexico had ranked No. 1 for the same month last year.

Trade between the U.S....

https://s29755.pcdn.co/news/china-remains-top-us-trade-partner

C.H. Robinson: Time is running out to recoup paid tariffs

C.H. Robinson (NASDAQ: CHRW) believes many American businesses could lose out on rightfully owed money if they don’t act soon. The logistics giant has run data analysis on Section 301 China trade tariffs, which are eligible for exclusions, and found that American companies have not acted in securing approvals for exclusions written into the tariffs by the Trump administration.

Mike Short, C.H. Robinson president of global forwarding, told FreightWaves that the current tariff exclusions expire on...

https://s29755.pcdn.co/news/ch-robinson-time-is-running-out-to-recoup-paid-tariffs

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