The pandemic-era surge in shipping costs was a “smoking gun” that foretold the global inflation spike, and the sharp drop in maritime-freight expenses since peaking last year will contribute to an easing in price pressures.
Author: Ana Monteiro
Goods-Trade Deficit Widens for the First Time Since March
The U.S. merchandise-trade deficit widened in September for the first time in six months as imports grew and some exports plunged.
Goods-Trade Deficit Narrows to Smallest This Year
The U.S. merchandise-trade deficit narrowed in May to its smallest this year as exports rose to a record, suggesting a tailwind for economic growth in the second quarter.
Trade Deficit Narrows Most on Record on Muted China Imports
The U.S. trade deficit shrunk in April by the most on record in dollar terms, reflecting a drop in the value of imports amid COVID lockdowns in China while exports climbed.
Biggest US Port Complex to Work Nights, Weekends to Cut Logjam
Ports operating in the U.S.’s biggest gateway for trade with Asia will extend night hours and work weekends to clear port delays amid record volumes.
Port of Los Angeles Chief Says China to Miss Agriculture Target
The head of the U.S.’ busiest port said China is on track to buy less than one-third of the American agricultural products it promised to purchase in 2020, the first year of a trade pact between the world’s biggest economies.
Trump Says China Trade Signing Set for Jan. 15
President Donald Trump said he will sign the first phase of a trade deal with China on Jan. 15, sealing an agreement that sees the Asian nation raising purchases of American farm goods in exchange for lower tariffs on some of its products. The date has…