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In the News: Aluminum, Air Cargo, Brexit, Trade Volumes

Thursday, June 18, 2020
Sandler, Travis & Rosenberg Trade Report

U.S. aluminum makers want revisions to import monitoring system

“To prevent illegal transshipment, Henderson said he wants the Commerce Department to require importers of aluminum to include mill test certificates for the various inputs consumed at every stage of production outside the U.S., from the primary aluminum to billet and the semifinished extrusion.”

[The Fabricator]

U.S.-China airline quarrel exacerbates supply shortage for cargo

“Passenger flights were extremely limited even before the U.S. restrictions, so any cuts worsen existing shortages of aircraft space for cargo that have led to transport delays and forced companies to pay huge premiums to move their goods. Producers, retailers and their logistics partners heavily rely on leftover bellyhold space in passenger planes because there aren’t enough pure freighters to handle all e-commerce and freight shipments, and they offer frequent, scheduled flights. Lower-deck capacity helps keep airfreight rates down.”

[FreightWaves]

Britain unveils plans to impose EU border checks in stages

“This is a U-turn from February when Britain said it planned to introduce import controls on EU goods at the border once a status-quo transition period with the EU ends on Dec. 31.”

[Reuters]

Global trade continues nosedive, UNCTAD forecasts 20 percent drop in 2020

“New UNCTAD data published on 11 June show that merchandise trade fell by 5% in the first quarter of the year and point to a 27% drop for the second quarter and a 20% annual decline for 2020.”

[UN Conference on Trade and Development]

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