Air Freight News
China’s trade surplus hits record after Shanghai reopens
China’s trade surplus hit a record high in June as exports surged after Shanghai emerged from its crippling Covid lockdown and outbreaks eased.
Global pork exports set to plunge with China taking in 39% less
Chinese farmers are churning out so much pork this year that it’s shaking up world markets for the meat.
President signs proclamation moving Russia and Belarus to Column 2 duty rates
President Biden suspended Normal Trade Relations with Russia and Belarus by signing legislation effective April 8, 2022.
Lego ceases Russian sales, ends deal with operator of 81 stores
Lego Group the world’s largest toymaker, said it’s stopping operations in Russia and has terminated its contract with the operator of 81 Lego stores in…
French heat and drought shrinks wheat harvest in key EU exporter
Heat, drought and storms have shrunk the wheat harvest in France, the European Union’s top exporter, further straining global supplies.
China to import more palm oil from Malaysia, Wang Yi says
China, the world’s second-largest palm oil buyer, will increase its purchases of the tropical oil from Malaysia, Bernama reported, citing Chinese Foreign Minister Wang Yi.
Irish agency-backed exports show rise in UK trade amid Brexit
Exports to the UK by Irish companies backed by a state agency rose 15% in 2021, despite uncertainty caused by Brexit.
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Biden says action on China import tariffs still being discussed
President Joe Biden said his administration is still discussing possible action on US tariffs on Chinese imports, after Commerce Secretary Gina Raimondo said she expects…
Raimondo laments national-security risk in logjam on chips bill
US lawmakers are playing politics with national security by delaying the passage of legislation that will liberate billions of dollars for chipmakers to build more…
Russia is Spain’s No. 2 gas supplier as Algerian flows drop
Russia replaced Algeria as Spain’s second-largest natural gas supplier in June after flows from the north African country dropped amid a diplomatic spat.