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Stories Tagged as

Trade

New trade data shows weakening demand

by Mitchell Hartman
Jan 5, 2023
Imports fell more than exports.
"One of the things I think is a commonality across both imports and exports is a weakening of new orders,” said Eric Freedman at U.S. Bank. 
Gregor Fischer/Getty Images
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Despite challenging economic year, U.S. Trade Ambassador sees "a lot of accomplishments"

by Kai Ryssdal and Sarah Leeson
Dec 21, 2022
From the launch of the IPEF, to defusing trade tension with the E.U., U.S. Trade Representative Katherine Tai has had a busy year.
"This is not a partisan position. This is about the totality of the United States economy," said U.S. Trade Representative Katherine Tai. Above, Tai in November.
Lillian Suwanrumpha/AFP via Getty Images
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Global trade could slow down in the coming year, WTO says

by Savannah Peters
Oct 5, 2022
The World Trade Organization predicts economic shocks like higher interest rates and energy prices will slow the growth of global trade in 2023.
The WTO now estimates global trade will grow by just 1% in the coming year.
Gregor Fischer/Getty Images
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A Warmer World

Climate change is impacting the Panama Canal — and the trade that moves through it

by Grace Livingstone
Sep 5, 2022
Officials are searching for a way to increase the flow of water without disrupting the environment and Panamanian society.
Freighters enter the Panama Canal on the Atlantic side. As droughts and storms become more common, the canal needs to find fresh sources of water and new ways to store it. 
Searagen/Getty Images
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Should the U.S. try to restrict high-tech American companies from investing in China?

by Sabri Ben-Achour and Jarrett Dang
Aug 2, 2022
The proposal is part of a larger competition package being considered in Congress.
U.S. Trade Representative Katherine Tai explains why addressing economic coercion from China is a challenge.
cbarnesphotography/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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The customs business has become all about handling the unexpected

by Sean McHenry
Apr 13, 2022
"Everything is just a constant pivot," says Gretchen Blough, a customs broker in Erie, Pennsylvania.
"There hasn't been a lot of warning to some of the issues that have happened, and we've just had to make do," Gretchen Blough says of the customs business.
Joe Raedle/Getty Images
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Congress strips Russia of "most-favored nation" trade status

by Mitchell Hartman
Apr 8, 2022
That means the U.S. could impose punitive tariffs on Russian imports.
Stefani Reynolds/AFP via Getty Images
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How Russian sanctions could speed up the corrosion of globalization

by Kai Ryssdal and Andie Corban
Mar 23, 2022
Adam Posen of the Peterson Institute says that could lead to less varied, costlier goods and a more divided and politically uncertain world.
As globalization corrodes, Adam Posen argues, American consumers could see a smaller variety of goods at higher prices.
Justin Sullivan/Getty Images
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Economists say Trump’s China trade policy is harming U.S. Why is it so hard for Biden to change course?

by Sabri Ben-Achour and Rose Conlon
Feb 22, 2022
“It’s hard to do anything that doesn't end up hurting us more than it hurts them," says New York Times columnist Paul Krugman.
“It’s hard to do anything that doesn't end up hurting us more than it hurts them," says The New York Times' Paul Krugman.
Justin Sullivan/Getty Images
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