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Global Trade & Economics: Page 34

Iran Turns to China Rail Link to Try to Bypass U.S. Blockade
The route, which runs through Kazakhstan and Turkmenistan can only go a small way toward making up for the U.S. blockade.
Source: Bloomberg
Maersk CEO Gives Gloomy Outlook on Reopening of Hormuz
The shipping industry could continue to face elevated fuel costs, as well as concerns around their ability to travel safely into and out of the Persian Gulf.
The Maersk Campton container ship. Photographer: Thierry Monasse/Getty Images via Bloomberg
New 232 Tariffs on Metals May Add Cost and Complexity for Importers
Goods covered by Section 232 tariffs, levied on imports determined to be critical to national security, remain exempt from global, temporary tariffs.
Photo: iStock / franckreporter
Shipowners Stay Cautious on Hormuz Despite Hopes of a Peace Deal
It’s possible some shipowners will view the Islamic Revolutionary Guard Corps' pronouncement as an opportunity to attempt passage.
An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69
Brazil Nears Its China Beef Quota in Big Shift to Trade Flow
With a 55% tariff on any additional volumes, the looming quota fulfillment will likely bring Brazil’s trade with China to a halt.
Photo: iStock/SimonSkafar
Report: Iran War Drives Surge in Manufacturing Costs
Manufacturing producer costs saw their highest spike since June of 2022 this last April, while the overall rate of inflation jumped substantially for the third straight month.
Photo: iStock / Drazen_
Gartner: The Truth Behind AI's Role in Job Cuts
There is real value in AI, but it is rarely going to be achieved via a reduction in the workforce.
Photo: iStock / gremlin
Ships Cluster Further From Hormuz Strait as Iran Widens Grip
Since May 4, nearly 60 vessels across different types sailed into an area off Dubai — an unusually large number.
Image: Bloomberg
Beef Processors in Spotlight as DOJ Confirms Antitrust Probe
Acting Attorney General Todd Blanche declined to provide additional details about the probe, but said the agency would seek to move rapidly.
Photo: iStock.com/Pilin_Petunyia
Australia and Japan Strike Deals on Energy, Critical Minerals
"Our friendship has never been closer, and in these uncertain times, friendships matter more than ever," Australian Prime Minister Anthony Albanese said.
Photo: iStock / Oleksii Liskonih
Shipping Lines Skeptical of Trump's Plan to Help Trapped Hormuz Vessels
Trump provided few specifics regarding the scope of the plan to assist ships trapped in the strait, or even how exactly it would work in practice.
An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69
U.S. Denies Iran Report That Naval Ship Was Hit by Missiles
Project Freedom was set to begin on May 4, with the U.S. military pledging to provide support, including the use of guided-missile destroyers, aircraft and drones.
Photo: iStock / Dimitrios Karamitros
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