U.S. and EU weigh climate-based tariffs on Chinese steel and aluminum
“One approach for the potential new tariffs may be to convert an existing investigation under Section 232 of the Trade Expansion Act — which served as the underlying rationale for Trump’s duties on European steel and aluminum in 2018 — into a new inquiry that targets carbon emissions and overcapacity.”
Geopolitical rivalries are transforming the contours of trade
“Supply chains could become more robust, and possibly more costly due to fewer efficiencies and geographic proximity, but more reliable under less economic pressure from strategic foes.”
New EU law prevents import of goods linked to deforestation
“The law will require companies to produce a due diligence statement proving their supply chains are not contributing to the destruction of forests before they sell goods into the EU.
Failure to comply could result in fines of up to four per cent of a company's turnover in an EU country.”
TradeLens global data-sharing platform shuttering
“TradeLens was launched by IBM and GTD Solution, a division of Maersk, in August 2018 as an open and neutral platform underpinned by blockchain technology for the transparent and secure exchange of global trade information.“
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