Malaysia, Vietnam electronics face closer U.S. scrutiny over China forced labor
“Over two-thirds of rejected or held cargoes came from Malaysia or Vietnam, which are major exporters to the United States of solar panels and semiconductors. Vietnam is also a top supplier of textile, footwear and apparel.”
[Malay Mail]
Trump vows to kill Asia trade deal being pursued by Biden if elected
“Talks on the trade sections of the Indo-Pacific Economic Framework (IPEF), which is aimed at offering the region an alternative to China's growing trade clout, stumbled in recent days after some countries, including Vietnam and Indonesia, declined to commit to strong labor and environmental standards.”
[Reuters]
U.S. east coast ports seeing the Asia import tide turn back west
“Ongoing draught restrictions at the Panama Canal, along with renewed confidence in the resilience of the west coast ports, emanating from the signing of a six-year labour agreement, is coaxing Asia-US shippers back to the shorter west coast route, which has also enjoyed recent bump in freight rates.”
[The Loadstar]
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