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Global Trade & Economics

Honeywell Eyes Supplier Shift to Avoid Tariff Hit

U.S. industrial conglomerate Honeywell International Inc said on Friday it had started sourcing some of its components from countries other than China to counter growing costs related to a tariff war between the world’s two largest economies.
July 23, 2018
Reuters
U.S. industrial conglomerate Honeywell International Inc said on Friday it had started sourcing some of its components from countries other than China to counter growing costs related to a tariff war between the world’s two largest economies.
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U.S. Seaborne Imports Surging as Retailers Stock Up Early

Cargo streamed into U.S. seaports at a rapid rate in June, as businesses pulled in goods in an apparent rush to stock up ahead of new tit-for-tat tariffs between the U.S. and China.
July 20, 2018
The Wall Street Journal
Cargo streamed into U.S. seaports at a rapid rate in June, as businesses pulled in goods in an apparent rush to stock up ahead of new tit-for-tat tariffs between the U.S. and China.
Read More

How Trump’s Tariffs on Mexico Are Taking Jobs From U.S. Workers

When a Mexican company bought Mid Continent Nail Corp. in 2012, workers at the factory in Poplar Bluff, Missouri, feared it was the beginning of the end. Their jobs, they suspected, would be given to lower-paid workers in Mexico, more casualties of the hollowing out of U.S. manufacturing driven in part by an embrace of global trade.
July 19, 2018
The Washington Post
When a Mexican company bought Mid Continent Nail Corp. in 2012, workers at the factory in Poplar Bluff, Missouri, feared it was the beginning of the end. Their jobs, they suspected, would be given to lower-paid workers in Mexico, more casualties of the hollowing out of U.S. manufacturing driven in part by an embrace of global trade.
Read More
America's Trucker Shortage Is Hitting Home

America's Trucker Shortage Is Hitting Home

The trucking industry, the backbone of the U.S. economy, is carrying more weight than ever despite a critical shortage of drivers.
July 18, 2018
Fortune
The trucking industry, the backbone of the U.S. economy, is carrying more weight than ever despite a critical shortage of drivers.
Read More

Manufacturing, Mining Power U.S. Industrial Production

U.S. industrial production increased in June, boosted by a sharp rebound in manufacturing and further gains in mining output, the latest sign of robust economic growth in the second quarter.
July 18, 2018
Reuters
U.S. industrial production increased in June, boosted by a sharp rebound in manufacturing and further gains in mining output, the latest sign of robust economic growth in the second quarter.
Read More

Boeing Says U.S.-China Trade Spat Is a Concern for Aerospace World

Boeing Co. CEO Dennis Muilenburg said he’s concerned about the possible fallout from the U.S.-Chinese trade dispute that’s gathering momentum because his industry relies on the free flow of goods.
July 18, 2018
IndustryWeek
Boeing Co. CEO Dennis Muilenburg said he’s concerned about the possible fallout from the U.S.-Chinese trade dispute that’s gathering momentum because his industry relies on the free flow of goods.
Read More
Spiralling Trade Costs Pose Dairy Dilemma After Brexit

Spiralling Trade Costs Pose Dairy Dilemma After Brexit

The U.K. dairy industry faces a “sharp rise in prices” and “shortages of products” when Britain leaves the EU, according to milk producer Arla.
July 18, 2018
Supply Management
The U.K. dairy industry faces a “sharp rise in prices” and “shortages of products” when Britain leaves the EU, according to milk producer Arla.
Read More
China’s Taste for Soybeans Is a Weak Spot in the Trade War With Trump

China’s Taste for Soybeans Is a Weak Spot in the Trade War With Trump

For all its economic might, China hasn’t been able to solve a crucial problem.
July 16, 2018
The New York Times
For all its economic might, China hasn’t been able to solve a crucial problem.
Read More
Coming Soon to an Ocean Near You: Ships Moving a Tiny Bit Slower

Coming Soon to an Ocean Near You: Ships Moving a Tiny Bit Slower

If you happen to be at the beach this summer, make a mental note of any giant freighters crossing the horizon. In a few years’ time those same ships will probably be moving just a fraction slower.
July 13, 2018
Bloomberg
If you happen to be at the beach this summer, make a mental note of any giant freighters crossing the horizon. In a few years’ time those same ships will probably be moving just a fraction slower.
Read More

Business Is Booming for Plastic Giants

It's the worst enemy of environmental campaigners, but people around the world use mountains of plastic every day and business is booming for manufacturers.
July 10, 2018
IndustryWeek
It's the worst enemy of environmental campaigners, but people around the world use mountains of plastic every day and business is booming for manufacturers.
Read More
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