Texas reverses Mexican truck inspection plan
“‘As we are speaking this moment, all these bridges are opened back up to normal trafficking. And so, all the goods that used to go from one country to the other at a very rapid pace, they are moving at that rapid pace as we speak right now,’ Abbott announced during a news conference on Friday.”
[The Guardian]
Canadian court rejects bid to ban imports from Xinjiang over labor concerns
“Activists concerned about forced labour have lost a court bid for a general ban on the Canadian importation of all goods from the Xinjiang region of China. The Federal Court has rejected their application to overturn a Canada Border Services Agency decision that said the agency had no authority to enact such a ban.”
[The Canadian Press]
With Shanghai at a standstill, supply chain problems are compounding
“Costs are rising and inputs can't be transported to factories. Trucking has slowed to a near standstill. As cases continue to climb and disruptions extend, executives and analysts are getting increasingly anxious about the scale of the lockdown's impact on global supply chains.”
[Supply Chain Dive]
Exim Bank extends financing to U.S. manufacturers
“The initiative will incentivize applications in environmentally beneficial, small business and transformational export transactions (including semiconductors, biotech and biomedical products, renewable energy, and energy storage). The financing tool makes available EXIM’s existing medium- and long-term loans and loan guarantees to American manufacturing projects that export.”
[Export-Import Bank]
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