US goods-trade gap widens to fresh record as imports jump
The U.S. merchandise-trade deficit unexpectedly widened in December to a fresh record as imports continued to rise, outpacing shipments overseas.
WTO grants China a $645 million tariff weapon against the US
The World Trade Organization granted Beijing a new tariff weapon against the U.S. during a politically sensitive moment for the Biden administration -- almost a…
Biden says Putin at risk of personal sanctions over Ukraine
President Joe Biden said he would consider personally sanctioning Vladimir Putin if he orders an invasion of Ukraine, escalating the U.S. effort to deter the…
Germany sought energy exemption in Russia finance sanctions
The German government has pushed for an exemption for the energy sector if there is a move to block Russian banks from clearing U.S. dollar…
US Treasury’s no. 2 official says Russia sanctions ‘at the ready’
Deputy Treasury Secretary Wally Adeyemo said the U.S. and its European allies have economic sanctions “at the ready” in case Russian troops invade Ukraine.
IDFA, Port of Los Angeles and CMA CGM form joint initiative to advance US dairy exports
The International Dairy Foods Association (IDFA), the Port of Los Angeles, and CMA CGM — a world leader in shipping and logistics — announced today…
Retail returns increased to $761 billion in 2021 as a result of overall sales growth
Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released today by the National…
China warns of export woes due to less stimulus overseas
A rapid withdrawal of stimulus by some countries could hurt China’s exports, an official with the Ministry of Commerce said, as he warned of “unprecedented”…
Commerce semiconductor data confirms urgent need for Congress to pass US Innovation and Competition Act
Today, the U.S. Department of Commerce released the results from the Risks in the Semiconductor Supply Chain Request for Information (RFI) issued in Sept. 2021.…
EU sees chance of timely deal in U.K. post-Brexit talks
The European Union’s Brexit negotiator said talks with the U.K. could prompt a timely resolution depending on political goodwill, but offered no evidence of a…
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