U.S. Retailers Say an Old Trade Law Puts Them at a Disadvantage
A nearly century-old rule exempts many packages from foreign e-commerce companies like Shein and Temu from U.S. customs fees. American trade groups want it changed.
Posted inEconomic Conditions and Trends Gaza Strip International Relations International Trade and World Market Israel Israel-Gaza War (2023- ) Middle East Oil (Petroleum) and Gasoline
Risk of a Wider Middle East War Threatens a ‘Fragile’ World Economy
After shocks from the pandemic and Russia’s invasion of Ukraine, there’s little cushion if the fighting between Hamas and Israel becomes a regional conflict.
Posted inCanals Conservation of Resources Drought El Nino Southern Oscillation Freight (Cargo) Global Warming International Trade and World Market Oceans and Seas Panama Panama Canal and Canal Zone Reservoirs Ships and Shipping Supply Chain United States Economy Water Weather
Drought Saps the Panama Canal, Disrupting Global Trade
The number of ships that can travel through the vital route has fallen sharply this year because of a lack of water for the locks, raising costs and slowing deliveries.
Posted inBiden, Joseph R Jr European Union Inflation Reduction Act of 2022 International Trade and World Market Treasury Department
U.S. Looks to Allay European Fears of a Subsidy War
Wally Adeyemo, the deputy Treasury secretary, will argue in a speech in Germany that the Biden administration’s climate law is not protectionist.