New trade tariffs could lead to vicious circle of trade war, ECB warns
Fresh tariffs could be detrimental to global growth and lead retaliation and a vicious circle of trade war, European Central Bank Vice President Luis de…
Trump Presidency will reignite US-China trade war and threaten a spike in ocean container shipping markets / Xeneta
Donald Trump’s victory in the US Presidential Election is ‘a step in the wrong direction’ for international trade as importers fear another spike in ocean…
U.S. international trade in goods and services, September 2024
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $84.4 billion in September, up…
US needs to crack down on Chinese chipmaker SMIC, Republican lawmaker says
A top Republican lawmaker has accused the Biden administration of not doing enough to prevent China's Semiconductor Manufacturing International Corp (SMIC) from strengthening the country's…
China wants talks on trade measures at COP29 climate summit, document shows
China has requested that countries hold talks at next week's COP29 U.N. climate summit on carbon border taxes and other "restrictive trade measures" that Beijing…
Walmart, other US retailers import fewer Christmas goods ahead of tepid holiday season
Santa Claus is not delivering as many Christmas trees, toys and decorations to the United States this year as in recent years, import data shows,…
Hugo Boss seeks to grow in China despite weak demand, CFO says
German fashion house Hugo Boss said on Tuesday it sought to expand its limited exposure to China and build brand visibility over the long run,…
US trade deficit widens sharply in September
The U.S. trade deficit widened sharply in September as businesses boosted imports to meet robust domestic demand and in anticipation of higher tariffs on goods.
Grains merchant ADM slides on fresh accounting errors, profit forecast cut
Archer-Daniels-Midland shares fell 8% premarket on Tuesday after the global grains merchant cut its adjusted annual profit forecast and said it would amend its previous…
Canada posts higher than expected trade deficit in September
Canada posted a higher than expected trade deficit of C$1.26 billion ($908 million) in September as a drop in imports failed to offset a fall…
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