German exports and imports jumped more than expected in February, the Federal Statistics Office said on Monday, as the effects of the war in Ukraine have yet to be reflected in foreign trade figures. Seasonally adjusted exports rose 6.4 percent on the month, compared to a rise of 1.5 percent predicted by economists. Imports increased…
Any Decision to Stop Russian Energy Imports Would Hit Next Winter’s Supplies: Engie CEO
March 7, 2022
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PARIS—Engie chief executive Catherine MacGregor said on Monday that any decision to stop Russian energy imports in retaliation for Russia’s invasion of Ukraine would impact the energy supplies of France and Europe next winter. “Winter is coming to an end. The real problem would be next winter because we are replenishing stocks during summer,” MacGregor…
US, European Allies Discuss Banning Imports of Russian Oil
March 7, 2022
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WASHINGTON—The United States and European allies are exploring banning imports of Russian oil, U.S. Secretary of State Antony Blinken said on Sunday, and the White House coordinated with key Congressional committees moving forward with their own ban. U.S. House of Representatives Speaker Nancy Pelosi (D-Calif.) also said in a Sunday letter that the chamber is…
Bipartisan Bill To Ban Russian Energy Imports; Russian Oligarch Yachts Seized | NTD Business
European countries seizing the yachts of Russian billionaires, trying to pressure Vladimir Putin to end the attack on Ukraine. The U.S. is also going after more Russian oligarchs. U.S. lawmakers introducing a new bill to ban oil imports from Russia, will it go through, and what would be the impact? Tiktok, landing itself at the…
Energy Independent No More? US Poised to Be Net Oil Importer in 2022
The United States is poised to remain a net crude oil importer in 2022 for the second consecutive year, the Energy Information Administration (EIA) stated in a new report. The world’s largest economy is projected to import an annual average of 3.9 million barrels per day this year, according to the February 2022 Short-Term Energy…
Japan’s Trade Deficit Jumps to 8-year High as Commodity Imports Soar
TOKYO—Japan ran its biggest trade deficit in a single month in eight years in January as high energy costs swelled imports and manufacturers struggled with global supply constraints, causing a decline in car shipments. The growing trade deficit highlights the world’s third-largest economy’s vulnerability to soaring commodity costs and slowing demand from its neighbor China…
US Suspends Mexican Avocado Imports on Eve of Super Bowl
MEXICO CITY—Mexico has acknowledged that the U.S. government has suspended all imports of Mexican avocados after a U.S. plant safety inspector in Mexico received a threat. The surprise suspension was confirmed late Saturday on the eve of the Super Bowl, the biggest sales opportunity of the year for Mexican avocado growers—though it would not affect…
Japan’s December Exports, Imports Hit Record High by Value as Supply Bottlenecks Ease
TOKYO—Japan’s exports and imports in December hit record highs in terms of their value in yen, data showed on Thursday, as supply bottlenecks eased at the end of 2021 amid rising prices. However, a persistent semiconductor shortage remained a headache for Japanese firms such as automaker Toyota, which slashed its near-term output target this week,…
Both Sides Claim Victory After US Complaint About Canada’s Dairy Quota Practices
WASHINGTON—Arbitrators have issued their final report into U.S. complaints about how Canada is interpreting North American trade rules around dairy imports—and both countries are claiming victory. U.S. Trade Representative Katherine Tai formally requested a dispute settlement panel last May to examine allegations from American producers that Canada is denying them fair access to the Canadian…
Pandemic Accelerates the Need to Replace Imports With Domestic Goods
More than a year after the CCP (Chinese Communist Party) virus entered the scene, manufacturers are dealing with a very different world and supply chain. As they battle ongoing disruptions, congested ports, and ongoing delays, the idea of sourcing closer to home is gaining interest. “There’s such an initiative now for the reshoring,” says Nicole…
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