Background

Shenzhen lockdown will affect everything from cars to iPhones

“Whether its iPhones, cars or electronics, locking down Shenzhen, and the subsequent effect on the Yantian port—the fourth largest in the world—will cause shipping delays across a wide range of products and continue to harm supply chains that have experienced issues since the pandemic began.”

[Fortune]

Russia retaliates against Western sanctions with export bans

“Exporting telecom, medical, auto, agricultural, electrical and tech equipment, as well as some forestry products, will be banned until the end of 2022. … Further measures could include restricting foreign ships from entering Russian ports and allowing Russian airlines to register jets leased from Western firms as their own property, the government said.”

[Reuters]

South Korea trade deal grew exports but brought disappointments - U.S. trade chief

“Tai said the U.S. auto industry had increased exports to South Korea, making it the fifth-largest market for U.S.-made vehicles, but there was ‘much further to go’ to expand auto export opportunities.”

[Reuters]

U.S. Senate confirms Pagán as top trade official at WTO

“Pagán … spent almost three decades as a trade lawyer in the U.S. government and served as the deputy general counsel at the Office of the U.S. Trade Representative before her nomination.”

[Reuters]

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