Supply chain snarls loosen for U.S. companies, but plenty of problems remain
“The cost of shipping a container from Asia to the U.S. West Coast just clicked below $2,500, after peaking late last year at over $10,000, according to booking platform Freightos Group, and big backups at U.S. ports have dwindled.”
[Reuters]
Biden administration may block Russian aluminum imports
“Such a move, which has not been finalized, would likely boost global prices for the metal used in a wide range of consumer products and could reverse a previous White House stance that such sanctions could wreak havoc on global markets.”
[Reuters]
Top Mexican trade negotiator departs amid energy dispute
“Luz Maria de la Mora, Mexico’s undersecretary of economy for international trade, was forced to leave by Economy Minister Raquel Buenrostro after four years on the job.”
[Bloomberg]
Australia, Singapore ink green trade pact
“The two nations also had identified 372 environmental goods and 155 environmental services for which efforts would be made to reduce tariff and non-tariff trade barriers. Describing the two lists as ‘more ambitious’ than existing lists established worldwide, Singapore said the lists were ‘non-exhaustive’ and would be periodically assessed so they remained updated with market developments and took into account industry feedback.”
[ZDNet]
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