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Global Trade & Economics: Page 235

Texas Governor Halts Some Truck Inspections on Border Snarl

Texas is halting some vehicle inspections at the U.S.-Mexico border after Governor Abbott’s crackdown provoked protests that halted crucial food and equipment shipments.

Trucks travel across the World Trade International Bridge in Laredo, Texas. Photo: Bloomberg.

Russia’s War Supercharges Push to Make New Green Fuel

Europe’s push to wean itself off Russian natural gas is sparking billions of dollars in new commitments toward building a market for low-carbon hydrogen.

An employee adjusts a valve on the cold box for liquid hydrogen (LH2) production. Photo: Bloomberg.

Truck Blockade at U.S.-Mexico Border Imperils $440 Billion Trade

A Mexican truck blockade at a key Texas bridge is diverting U.S.-bound cargoes to far-flung crossings, worsening shipping snarls and raising the specter of delivery disruptions for everything from avocados to auto parts.

A U.S. Customs and Border Protection (CBP) officer stands next to a line of trucks entering from Mexico at the Otay Mesa Cargo Port of Entry in San Diego, California. Photo: Bloomberg.

Soaring Prices Are Changing the Way People Eat

With the world economy already shackled by Covid-related shortages and now reeling from Russia’s invasion of Ukraine, prices of such basics as bread, meat and cooking oils have jumped across the world, sending shock waves through the commodity markets and damaging the global food system.

A farmer fertilizes his crop in Guna, Madhya Pradesh, India. Photo: Bloomberg.

Congress Makes Russia a Pariah on Trade, Adds Pressure on Putin

The U.S. Congress voted overwhelmingly Thursday to strip Russia’s normal trade status with the U.S. and ban imports of its gas, oil and coal, adding to the economic squeeze by the U.S. and its allies to punish Russian President Vladimir Putin’s government over the invasion of Ukraine.

The U.S. Capitol in Washington, D.C. Photo: Getty.

Footwear Nearshoring Is 'Unrealistic,' Trade Group Chief Says

Despite supply chain pressures in Asia, it’s unlikely that American footwear brands will follow the example of New Balance and pursue U.S. manufacturing, says Matt Priest, CEO and president of Footwear Distributors and Retailers of America (FDRA).

Tesla Halted, Chips Pile Up as Shanghai Lockdown Upends Business

Cases are at a record in Shanghai, now the epicenter of China’s worst outbreak since the start of the pandemic, and the lockdown has been extended indefinitely.

An aerial view of the Tesla Inc. Gigafactory in Shanghai, China. Photo: Bloomberg.

East Coast Container Ship Queue Overshadows West Coast Logjam

Ocean carriers looking to avoid logjams at the U.S.’s busiest container gateways on the West Coast are now facing even longer queues out east.

View from a ship-to-shore crane at Wando Welch Terminal in Charleston County, South Carolina. Photo: South Carolina Ports Authority/ English Purcell.

Europe’s Russia Coal Ban Foreshadows Higher Global Energy Prices

Europe is taking a big gamble as it moves to ban Russian coal, potentially leaving itself vulnerable to shortages and rolling blackouts while the rest of the world contends with surging prices.

Pieces of coal stacked at a mining site. Photo: Shutterstock.

Metals Industry Agonizes Over War But Keeps Buying From Russia

Behind-closed-doors discussions reflect a wide angst over whether to keep buying from Russia, as the industry weighs the stigma from the war against its own commercial interests — and the fact that vital metals like aluminum and copper were in short supply even before the invasion of Ukraine.

A foundry worker pours molten steel into a casting. Photo: Getty.

Ukraine Sunflower Oil Crisis Hits Food From Chips to Cookies

Russia’s invasion of Ukraine has disrupted the supply of almost half of the world’s sunflower oil exports, forcing companies to turn to less desirable alternatives such as palm oil in products ranging from potato chips to cookies.

Chocolate chip cookies cool on a baking sheet. Photo: Lee Torrens/ Canva.

Thousands of Russia-Linked Ship Containers Pile Up in Rotterdam

Sanctions on Russia are snarling thousands of steel shipping containers and disrupting the heart of Europe’s economy.

Russia-related containers at the Port of Rotterdam, on March 30. Photo: Bloomberg.

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