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Stories Tagged as

Imports

As baby formula plant reopens, can the U.S. diversify the marketplace?

by Stephanie Hughes
Jul 11, 2022
Almost all the formula bought in the U.S. is made domestically, and imports face multiple barriers.
The U.S. imposes tariffs on formula imports. Instead of lifting them, the Biden administration is trying to simplify the FDA approval process for certain foreign producers.
Brandon Bell/Getty Images
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Customs brokers are caught in the middle of China tariffs debate

by Sean McHenry
Jul 8, 2022
As the White House decides the fate of the Trump-era taxes, customs broker Gretchen Blough is dealing with more uncertainty.
A truck drives by stacks of shipping containers at the Port of Oakland on May 20.
Justin Sullivan/Getty Images
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More than 40% of baby formula out of stock, data company says

by Samantha Fields
May 13, 2022
Just four companies make most of the baby formula in the U.S. After a recall and plant closure at one, there's not enough supply to meet the need.
When you only have a few companies in the country that make something, shortages are one of the risks, says Brian Dittmeier of the National WIC Association.
Stefani Reynolds/AFP via Getty Images
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The trade deficit was partly to blame for the hit to GDP. But there's a silver lining.

by Mitchell Hartman
Apr 28, 2022
Global turmoil put a cap on U.S. exports, while the easing of supply chain snags allowed Americans to import more.
More imports and fewer exports caused a slight dip in GDP, but that's giving the supply chain a chance to recover.
Mario Tama/Getty Images
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Trade deals improve relations with U.S. allies — gradually

by Mitchell Hartman
Mar 23, 2022
A new trade deal with the U.K. will erase Trump-era tariffs on steel and aluminum imported into the U.S., and motorcycles and whiskey exported to the U.K.
Paul Ellis/AFP via Getty Images
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Some small businesses see silver linings in the janky supply chain

by Justin Ho
Dec 8, 2021
Smaller companies are more nimble than big department stores, allowing them to take advantage of the situation.
The congested supply chain has a lot of businesses scrambling. In some cases, that’s opened up opportunities for smaller, more nimble operators to fill in the gaps.
Mario Tama via Getty Images
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What's behind the jump in U.S. exports?

by Sabri Ben-Achour
Dec 7, 2021
Hurricane Ida held back oil and gas exports in September, so there was a big backlog that rushed out in October, shrinking the trade deficit.
U.S. manufacturers are stepping in to meet global demand as other countries may just be starting to reactivate their industries. Above, a truck passes shipping containers at the Port of Los Angeles.
Mario Tama via Getty Images
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Brexit import changes are still painful for London honey seller after 2 years

by Kai Ryssdal and Sean McHenry
Dec 7, 2021
After a strong summer, a London honey seller is dealing with the coronavirus omicron variant and changing trade policy on animal goods.
A beekeeper in northwestern Italy. New laws governing imports of animal byproducts in the United Kingdom go into effect in January.
Marco Bertorello/AFP via Getty Images
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To avoid price hikes, businesses are finding other ways to protect their margins

by Justin Ho
Nov 17, 2021
Some are cutting hours and reducing inventory. Others are purchasing more to get better deals from suppliers.
Some stores are stocking fewer items or reducing their hours to deal with rising costs. Other businesses are creating new purchasing, storage or delivery strategies.
Ralph Orlowski/Getty Images
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With shipping costs sky-high, is importing products even worth it?

by Justin Ho
Nov 8, 2021
For some businesses, the answer is no, but it depends on the value of the product in question.
With costly manufacturing and delayed shipping timelines, the value of certain products is shifting in the eyes of retailers. Above, people watch a container ship at the Port of Los Angeles.
Mario Tama via Getty Images
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