Biden reverses decades of Chinese trade policy

“The White House and Congress are quietly reshaping the American economic relationship with the world’s second-largest economic power, enacting a strategy to limit China’s technological development that breaks with decades of federal policy and represents the most aggressive American action yet to curtail Beijing’s economic and military rise.”


Five places supply chains are moving from China

“While some investors did move parts of their manufacturing facilities out of China at the time, it was really the pandemic — and China's zero-COVID policy — that drove home the importance of not depending on one country for manufacturing needs.”

[Business Insider]

Fresh fragility in global trade set to be revealed in 2023

“As these supply-chain shocks begin to dissipate this year, the next fragility to be exposed will reveal how outdated the global trading system is in an era where the world’s largest nations are stepping back from the founding principles of globalization.”


Container shipping’s ‘big unwind’: Spot rates near pre-COVID levels

“Another market that has not reverted to normal — one that is key to ocean carrier profitability — is the annual-contract market. Ocean carriers move the majority of their volumes on contracts, not spot. While falling spot rates eventually bring contract rates down, there is a lag.”


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