U.S. International Trade in Goods and Services, May 2024
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $75.1 billion in May, up…
Readout of the U.S.-Philippines Trade and Investment Framework Agreement (TIFA) meeting
On July 1-2, 2024, the United States and the Philippines met under the U.S.- Philippines Trade and Investment Framework Agreement (TIFA).
Argentina poised for first China corn cargoes in 15 years
Argentina is preparing corn shipments to China that will be the first in 15 years, the latest move by the two countries to expand agricultural…
US trade deficit widens to largest since 2022 on weaker exports
The US trade deficit widened in May to the largest since 2022 as a decline in exports of merchandise exceeded a drop in imports.
Canada to consider blocking factories in pushback on Chinese EVs
Prime Minister Justin Trudeau’s government has published options it will consider for deterring Chinese-made electric vehicles from accessing the Canadian market, including putting tariffs on…
Ukrainian farmers will pay five times more fuel taxes than European companies - UAC
Ukrainian farmers are concerned about the increased excise tax on fuel and its impact on the cost of agricultural production. The increase in taxation by…
China’s plastics boom is set to create another trade headache
A surge of Chinese plastic supply is threatening to overflow in the face of weak domestic demand, morphing into a fresh trade challenge for the…
UNCTAD’s global trade update
Global trade trends turned positive in the first quarter of 2024, with the value of trade in goods increasing by around 1% quarter-over-quarter and services…
USTR presents oral argument before USMCA biotech corn dispute panel
The Office of the United States Trade Representative (USTR) last week participated in a hearing before the dispute settlement panel formed under the United States-Mexico-Canada…
AAPA urges US Trade Representative to reverse course on ship to shore crane tariff
The American Association of Port Authorities (AAPA) recently submitted comments to United States Trade Representative (USTR) Ambassador Katherine Tai, urging her office to reverse the…
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