Trade
U.S. Trade Representative Announces Batch of Tariff Exclusions
announced a round of tariff exclusions on a small set of products impacted by Section 301 tariffs for China. Why it matters: At a time of supply chain disruption, COVID-19 economic fallout, inflationary pressure and other challenges, many manufacturers have been facing a further hit from broad Section 301 tariffs for critical inputs and products …
Railway Strike in Canada Threatens U.S. Oil and Agricultural Product Supply Chains
POLITICO Pro (subscription). Canadian railway strike: Canadian and American governments, shippers and manufacturers are bracing for a possible strike of more than 3,000 Canadian Pacific Railway workers. Importance of Canadian Pacific Railway: Canada ships about 140,000 barrels of oil to the U.S. per day, much of it along the Canadian Pacific Railway. Another 15% of …
U.S., Allies Take Economic Action to Counter Russia’s Invasion of Ukraine
prohibited “U.S. persons” from engaging in transactions with the Russian Federation, the National Wealth Fund of the Russian Federation and the Ministry of Finance of the Russian Federation. On Feb. 26, President Joe Biden and the leaders of the European Commission, France, Germany, Italy, the United Kingdom and Canada issued a announced the imposition of …
Inventory Costs Increase as Merchandise Orders Are Delayed
The Wall Street Journal (subscription). Transit delays: “Billions of dollars of inventory is sitting on ships waiting at seaports and taking much longer to get to factories and stores as congestion at ports and in inland distribution networks slows the flow of goods.” Inventory costs: Inventory levels have been hampered since the beginning of the …
Freight Rail Transportation Faces Delays
The Wall Street Journal (subscription). Intermodal transports down: “U.S. intermodal transports, in which railroads carry containers and truck trailers, were down nearly 12% in the first six weeks of this year from a year ago, according to the Association of American Railroads, after tumbling in the second half of last year even as retailers and …
Business Leaders Urge Resolution of U.S.-Canada Border Blockade
The National Association of Manufacturers, U.S. Chamber of Commerce and Business Roundtable today issued the following statement on the disruptions to trade at U.S.-Canada border crossings: “The disruptions we are seeing at the U.S.-Canada border — at the Detroit-Windsor Ambassador Bridge and at other crossings — are adding to the significant supply chain strains on …
U.S. Trade Deficit Rises
U.S. Census Bureau. NAM Chief Economist Chad Moutray broke it down for us. Topline numbers: “The U.S. trade deficit rose from $79.33 billion in November to $80.73 billion in December, which was just shy of the all-time high of $80.81 billion recorded in September,” said Moutray. “These data have been skewed over the course of …
