U.S., Vietnam reach accord on currency, signaling end to dispute
The U.S. Treasury Department and Vietnam’s central bank said they reached an agreement under which Vietnam will allow more flexibility in its currency, signaling an…
Increased demand for softwood lumber in the US and Asia will change the global trade flows of wood in the coming decade
Softwood lumber has been in high demand in the US and Europe throughout 2021.
Yellen expresses doubts on results of Trump’s China deal
U.S. Treasury Secretary Janet Yellen expressed doubts about last year’s trade deal with China, the first clear statement from the Biden administration detailing its thinking…
Assmang calls force majeure on manganese alloys in South Africa
Assmang Proprietary Ltd. issued a notice of force majeure on manganese alloys production from its facilities in KwaZulu-Natal province, South Africa, according to an email…
Record steel prices inject life into long-suffering industry
There’s rarely been a better time to be in the steel business.
US clashes with Mexico, Canada on car rules in USMCA risk
The U.S. is clashing with Mexico and Canada over rules for cars shipped across regional borders, with automakers and governments telling the Biden administration that…
Stakeholders from across the home building supply chain applaud Biden Administration ahead of convening
Today, U.S. Secretary of Commerce Gina M. Raimondo and National Economic Council Director Brian Deese will moderate a discussion at the White House with a…
Xi sidesteps APEC talks with Biden as leaders grapple with virus
U.S. President Joe Biden and global leaders from across the Pacific held a virtual APEC meeting Friday to discuss how the world could best emerge…
How the world’s first carbon border tax may play out
The European Union wants to enact the world’s first pollution-import levy on global competitors. The details will take a while to hash out.
TSMC founder says breaking up chip supply chain will be costly
Taiwan Semiconductor Manufacturing Co. founder Morris Chang warned that efforts by governments around the world to build domestic chip supply chains could push up costs…
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