China’s progress on U.S. trade deal slowed again in May
“China bought almost $10 billion worth of manufactured, agricultural and energy goods from the U.S. in May, the lowest monthly total since October 2020. That took total imports to almost $157 billion since January 2020, 41.4% of the targets the two nations agreed at that time.”
[Bloomberg]
Congress drafting law barring ocean carriers from refusing U.S. exports
“The legislation, to be proposed by John Garamendi, D-Calif., and Dusty Johnson, R-S.D., is in response to mounting complaints by U.S. agricultural shippers that unscrupulous business practices by foreign container ship operators are causing them to lose money and market share overseas.”
[American Shipper]
Environmental trade enforcement discussed at USMCA meeting
“Representatives from the Parties’ respective ministries exchanged information on enforcement efforts planned and underway related to timber traceability and sustainable forest management. The Committee used this discussion as a platform for considering options to strengthen collaboration to address wildlife trafficking and illegally harvested timber.”
[USTR]
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