Canada border agents threaten to strike in June
“America’s second-largest trading partner could face a possible simultaneous strike at the country’s two main railroads, Canadian National Railway and Canadian Pacific Kansas City, sometime in July. Both could disrupt billions of dollars in daily cross-border commercial trade between the U.S. and Canada.”
[Supply Chain Brain]
U.S. accuses China over Ukraine, delivers new sanctions warning
“White House Deputy National Security Adviser for International Economics Daleep Singh said the U.S. and its partners were prepared to use sanctions and export controls to prevent China-Russia trade that threatens their security amid the Ukraine war.”
[Reuters]
China, Japan, Korea summit addresses trade tensions
“Li praised the effort to jumpstart cooperation between the Asian superpowers, saying that he hopes to see more collaboration surrounding supply chains and a potential three-way free-trade agreement.”
[Sourcing Journal]
Sudden container crunch sends ocean freight rates soaring
“The beginning of peak shipping season, coupled with the longer transits to avoid the Red Sea, and bad weather in Asia, have hit the flow of trade on key routes. Ocean carriers are skipping ports or decreasing their time at port, and not picking up empty containers, in an effort to keep vessels on track for delivery.”
[CNBC]
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