US Secretary of Commerce Raimondo joins President Biden at US-EU Summit and advances tech and trade issues with EU and private sector leaders
On June 14-16, U.S. Secretary of Commerce Gina M. Raimondo joined President Biden, Secretary Blinken, Ambassador Tai and European Union (EU) leaders at the U.S.-EU…
US lumber prices seen extending losses as sawmills ramp up
The price of U.S. lumber will fall further in the coming months as sawmills increase production, though demand is expected to hold strong, according to…
Russia plans export aluminum, nickel tax to fight inflation
Major metals supplier Russia plans temporary taxes on steel, nickel, aluminum and copper exports to help cool domestic inflation after prices surged amid a broad-based…
EU hits Belarus with sanctions targeting potash, petroleum goods
The European Union imposed a sweeping set of sanctions against Belarus, targeting key economic sectors in its strongest response yet to last month’s forced landing…
Dollar rationing pushes Nigeria wheat buyers to parallel market
Flour millers in Nigeria, Africa’s biggest buyer of wheat, are turning to unauthorized traders for dollars to purchase the commodity after the central bank restricted…
China sues Australia over tariffs in hit to strained ties
China sued Australia over anti-dumping measures on some Chinese goods, further ratcheting up tensions between the two nations.
China may open up to more foreign cotton after Xinjiang ban
China looks likely to allow more cotton imports than usual this year after a U.S. ban on fiber from Xinjiang spurred some Western retailers to…
Driver delays and Customs chaos Brexit: Six months on
• Driver shortages remain the number one threat to the haulage industry • Brands still facing up to 72-hour delays for some shipments • Nation…
BEA News: US international transactions, first quarter 2021 and annual update
Current account deficit widens by 11.8 percent in first quarter.
Nigeria flour millers squeezed by central bank ban on imports
Flour millers in Nigeria are turning to the street market for dollars to buy wheat after the central bank restricted the use of the U.S.…
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