President Donald Trump’s threat to impose 25% tariffs on Mexico and Canada centers around stopping illegal immigration and fentanyl from entering the United States from those countries.
The Trump administration said fentanyl, in addition to illegal immigration, constitutes a national emergency, giving the president the power to authorize tariffs under the International Emergency Economic Powers Act.
“Today, I have implemented a 25% Tariff on Imports from Mexico and Canada (10% on Canadian...
Officials in Canada and Mexico struck back hours after President Donald Trump imposed a 25% tariff Saturday on imports from the neighboring countries, announcing they would retaliate by implementing their own import duties on U.S. goods.
Trump signed an executive order putting 25% tariffs on imports from Canada and Mexico, while Chinese products will receive an additional 10% tariff. Canadian energy imports will only be tariffed at 10%.
The U.S. duties on all three countries will be fully in...
https://www.freightwaves.com/news/mexico-and-canada-strike-back-with-retaliatory-tariffs-on-us
President Donald Trump reiterated in his inaugural speech Monday his desire to acquire the Panama Canal.
During his first official day in office, Trump also said he would impose 25% tariffs on goods imported from Mexico and Canada — the United States’ two largest trade partners — starting Feb. 1.
Trump repeatedly vowed during his campaign to take ownership of the Panama Canal, and he refused to rule out using military force in pursuit of his goal. The U.S. signed over ownership to Panama in 1977.
“...
https://www.freightwaves.com/news/trump-vows-to-take-back-panama-canal-increase-tariffs
It took a bit of detective work for David Rashid to figure out how a China-based competitor was reportedly evading U.S. tariffs by using countries like Thailand as a springboard to the American market.
Rashid, executive chairman of auto parts maker Plews and Edelmann, did everything from hiring Mossad agents to investigate a Bangkok factory, to combing through corporate filings, to meeting with U.S. officials in order to convince them that Qingdao Sunsong Co. has been evading U.S. tariffs by...
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The United States is the biggest global importer of Christmas trees, lights and decorations each...
https://www.freightwaves.com/news/us-top-importer-of-christmas-trees-decor-from-china-vietnam-mexico
No matter what rhetoric rolls off the lips of politicians, the flow of trade tells the truth. The U.S. trade deficit has garnered many headlines this week, but if you follow the flow of containers, you aren’t surprised.
Since 2018, the United States has been the big loser in the U.S.-China trade war. The overpublicized phase one “Trade Agreement” was a TV event and nothing else. China has failed to meet any of the quotas, with no repercussions.
But the trade war is only one hurdle for U.S....
https://www.freightwaves.com/news/viewpoint-the-hard-truth-about-the-trade-deficit
Though well behind Mexico, China ranks second for international trade at the three largest United States-Mexico border crossings in Texas: Laredo, El Paso and Pharr.
Its status on the border is buoyed by imports of auto parts, cellphones, electrical circuit boards and other goods, say public officials and industry experts.
Teclo Garcia, Laredo’s economic development director, said cellphones were the top imports from China through Port Laredo during 2020.
“We had $1.16 billion in total trade with...
https://www.freightwaves.com/news/just-so-big-chinas-outsize-role-in-trade-at-texas-border-crossings
Natural disasters along the Texas Gulf Coast in the US that have disrupted many sectors may mean lagging liquefied natural gas (LNG) purchases by China under the phase one trade deal, Chinese experts have warned, citing the deep freeze’s ripple effect on the natural gas supply/demand chain and commodity prices, says an article published in Global Times.
Biden’s disaster declaration approval for storm disasterIn the aftermath of a winter storm that claimed the lives of at least two dozen people...
https://mfame.guru/lng-exports-to-china-might-drop-due-to-weather-conditions/
Every piece of the retail supply chain ultimately has to bow to trade policies and tariffs enacted by overseeing governments. On this episode of Point of Sale, host Andrew Cox explores the ins and outs of U.S. policy with retail analyst, Forbes contributor and former American Apparel & Footwear Association President Rick Helfenbein.
The Trump administration put several policies into place that severely impacted the retail industry. One of the earliest was the Chinese 301 tariffs, which were...
https://www.freightwaves.com/news/how-trade-policies-affect-retailers-point-of-sale
Port of Los Angeles Executive Director Gene Seroka called for a national export program to narrow the trade gap between the United States and China during an appearance on CNBC’s “Squawk Box Asia” this week.
“We are now at five imports to every export and that’s the widest trade gap we’ve witnessed at the Port of Los Angeles in some time,” Seroka told hosts Rosanna Lockwood and Sri Jegarajah on Thursday.
He said that import-export imbalance puts pressure on the port’s service providers and does...
https://s29755.pcdn.co/news/port-of-las-seroka-calls-for-us-focus-on-exports