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Tag Archives: USA

U.S. trade gap hit 10-year high in December

The U.S. trade deficit jumped nearly 19 percent in December, pushing the trade imbalance for all of 2018 to widen to a decadelong high of $621 billion. The gap with China on goods widened to an all-time record of $419.2 billion. The Commerce Department figures released Wednesday undermined a key …

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Lower US imports from China in February

The United States’ major ports will see the volume of inbound containers from China decline this February due to the Chinese Lunar New Year, according to a report released on Tuesday, Jan. 22. Although China’s ports will only close for three days, the factory closures and employee absences during the …

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Bangladesh seeks benefits from trade war

DCCI seminar calls for preparations without delay Experts and businesses on Saturday (Nov. 17) said that Bangladesh would be immensely benefited in the area of export, import and investment from the ongoing trade war between the US and China if the country (Bangladesh) could prepare itself without any delay to …

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Worries about deepening trade war

China has been front-loading exports to the US ahead of a looming rise in tariffs in January. Chinese stocks tumbled Friday on trade-war fears and worries about a slowing Chinese economy. Experts are pessimistic about the outcome of a meeting between the two countries’ presidents at the G20 summit later …

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Hapag-Lloyd, Genset Provision Program

With effect from January 1, 2019 Hapag-Lloyd will implement a revised Genset Provision Program in the USA, applicable for Export shipments only. As per company’s new Genset program, German shipping giant will provide a Genset for merchant haulage (MH) shipments which start or end at a port facility in the USA, subject …

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Record imports push US trade gap

WASHINGTON (AP) — Record imports drove the U.S. trade deficit up for the third straight month in August. The deficit in the trade of goods with China and Mexico hit records. The Commerce Department said Friday that the trade gap — the difference between what America sells and what it …

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U.S. NRF: Not easy to shift supply chains out of China

Companies caught in the crossfire of China-U.S. trade frictions are facing the harsh reality to rethink their supply chains, but it is not easy to adjust and shift the supply chains away from China, the U.S. National Retail Federation has said. “Tariffs are taxes that raise costs for businesses and …

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U.S-Mexico-Canada trade deal replaces NAFTA

The United States and Canada have agreed to a deal replacing the North American Free Trade Agreement, according to a senior U.S. administration official. The new deal has been deemed the USMCA — the United States-Mexico-Canada Agreement — the official says. Canada, America’s second largest trading partner, was left out …

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China skyrockets its U.S. exports before tariffs hit

By Kyunghee Park, Daniela Wei and Matt Townsend (Bloomberg) — The race is on to get Chinese goods into the U.S. before President Donald Trump’s tariffs bite. At sea and in the sky, the U.S. president’s trade war with China has ignited a freight frenzy. Hyundai Merchant Marine Co.’s vessels …

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China’s trade outlook darkens

China’s Trade Outlook Darkens as Trump Raises Stakes on Tariffs By Bloomberg News (Bloomberg) — China’s chances of escaping the trade conflict with the U.S. with only minor damage to its economy just got slimmer. On Friday, September 7 2018, U.S. President Donald Trump doubled down on his threats to …

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