Trade

For the second month in a row, China was the main trading partner of the U.S., followed by Mexico in second place and Canada in third.  Trade between the U.S. and China totaled $59 billion in November, an increase of 30% compared to the same period a year ago, according to data released Thursday...

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International ports along the United States-Mexico border continued to post double-digit declines in trade as the global economy struggled to recover from the economic impact of the coronavirus pandemic. Two-way trade at Port Laredo fell 19% to $126.49 billion through the first eight months of the...

Mexico is again the top trading partner of the United States, with two-way trade totaling $290.6 billion from January through July. The ongoing US-China trade spat and subsequent U.S. tariffs on $500 billion of Chinese goods, helped catapult Mexico back to No. 1 in July.  According to data...

Canada's Deputy Prime Minister Chrystia Freeland warned the U.S. in a statement on Friday that Canada will impose tariffs equivalent to those imposed by the U.S. Freeland denied that Canadian aluminium undermines U.S. national security, called the measures "unwarranted and...

President Donald Trump said Thursday that he has reimposed a 10% tariff on Canadian aluminum imports. Speaking at a Whirlpool factory in Ohio, Trump said he moved to reinstate the tariffs in response to the Canadian government's failure to prevent the aluminum industry from "flooding" the U.S....

The United States Trade Representative is weighing new tariffs on $3.1 billion in exports from France, Germany, Spain and the U.K. The USTR made a disclosure in a filing stating the additional list of products, which contains 30 tariff subheadings with an approximate value of $3.1 billion. The...

International trade could contract 27% in the second quarter as the pandemic ravages global industries, according to the United Nations Conference on Trade and Development.  “Assuming persisting uncertainty, UNCTAD forecast indicates a decline of around 20% for the year 2020,”...

The U.S. Commerce Department reported Thursday that the national trade deficit expanded 16.7% to $49.4 billion in April. Economists had forecasted $49 billion flat. What Happened Exports fell a record 20.5% to a 10-year low ($151.3 billion) as lockdowns disrupted production and travel. Goods...

After a long-winded lockdown, U.S. auto-manufacturers are finally reopening.  The move to reopen comes with debate, however; for example, Tesla Inc (NASDAQ: TSLA) CEO, Elon Musk, sued Alameda County, California and threatened to move the company's headquarters to...

Asian stocks fell along with U.S. futures indicating the trend of stock declines at the beginning of the month may continue. Asian Stocks Decline Stocks declined in Asia with the Hang Seng Index in Hong Kong falling 3.72% and Seoul’s Kospi declining 1.92%. Investors feared increasing tensions...

As the coronavirus continues to impact global economies, Resilience360 recently rolled out several new reports aimed at helping companies monitor risks to their supply chains. Resilience360's COVID-19 Outbreak in the U.S. and Canada: Impact on North American Supply Chain Operations analyzes key...