Background

Turmoil over migrants at U.S.-Mexico borders is straining trade flows

“Incidents at commercial checkpoints along the nearly 2,000-mile border between the U.S. and Mexico highlight a concern for manufacturers and importers as they look to move factory work and sourcing from Asia to North America.”

[The Wall Street Journal]

U.S. warned China to expect updated export curbs in October

“The update seeks to limit access to more chipmaking tools in line with new Dutch and Japanese rules, other sources said, and to close some loopholes in export restrictions on artificial intelligence (AI) chips.”

[Reuters]

EU moves closer to tough U.S. trade stance on China

“Either Beijing takes steps to open up its economy or they would start moving apart — the most explicit warning anyone’s heard him utter publicly to the world’s No. 2 economy in his three years with the trade portfolio.”

[Bloomberg]

EU starts implementing Carbon Border Adjustment Mechanism

“In its transitional phase, CBAM will only apply to imports of cement, iron and steel, aluminium, fertilisers, electricity and hydrogen. EU importers of those goods will have to report on the volume of their imports and the greenhouse gas (GHG) emissions embedded during their production, but without paying any financial adjustment at this stage.”

[European Commission]

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