Background

Supply chain to remain backed up until 2022, experts say

“Imported cargo shipments to the U.S. are expected to remain at a record or near-record levels for several more months as consumer spending continues to restart the pandemic-damaged economy. But economists and other experts told Transport Topics all of that buying is clogging an already overtaxed supply chain.”

[Transport Topics]

U.S. vows to review trade deal with Nicaragua if elections unfair

“But she said that given the deterioration of democratic practices in Nicaragua, the United States was already trying to make sure U.S. trade cooperation was not directly benefiting the Nicaraguan government.”

[Reuters]

Australia, Britain reach free trade deal to cut many tariffs

“The pact is expected to boost exports of traditional British products such as Scotch whisky, while boosting imports of lamb and wine from Australia. Crucially for Britain, it will also reduce barriers to trade in financial and other services. The U.K. hopes the deal will help it join the trans-Pacific trade partnership, which would open the door to increased trade throughout the Asia-Pacific region.”

[Associated Press]

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