U.S. imports from China plunging
“Mexico is not the prime beneficiary of tumbling U.S. imports from China, the so-called ‘near-shoring’ phenomenon, according to my analysis of the latest U.S. Census Bureau data. Vietnam is.”
[Forbes]
South Africa closing de minimis “loophole”
“Unfair competition for domestic companies is the same reason American lawmakers like Senators Sherrod Brown and Rick Scott and Representative Earl Blumenauer have been pushing for action on de minimis in a rare show of bipartisan unity during a time of congressional gridlock.”
[Sourcing Journal]
Global maritime trade faces challenges amid rising sea freight costs
“The overall increase in international container shipping rates exceeds 70% compared to the same period last year and is over 110% higher than pre-pandemic levels. The Red Sea conflicts, a shortage of empty containers, and surging transportation demands are poised to drive sea freight rates to levels reminiscent of the COVID-19 pandemic peak.”
[Logistics Insider]
U.S. restarting avocado, mango checks in Mexico after weeklong pause
“Ambassador Ken Salazar stressed that more work needs to be done to ensure the safety of inspectors, after a security incident in Michoacan state last weekend caused U.S. authorities to pause the safety checks.”
[Reuters]
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