According to analysts, some graphite consumers are planning to accelerate their imports of the electric vehicle (EV) battery ingredient from China in November before the country imposes export curbs on certain products. However, the complexity of specifications may pose challenges. China, as the world’s largest producer and exporter of graphite, recently announced that from December…
Several Australian farming industry groups are raising concerns about the impending trade deal between Australia and the European Union (EU). They are urging the Australian government to be cautious and not sign the agreement unless it offers better access to the EU market for Australian agricultural products. This blog explores the key issues and demands…
Bill Ford, the executive chairman of Ford, has called on the United Auto Workers (UAW) union to bring an end to the ongoing 32-day strike and reach a new labor agreement. He emphasized the growing impact of the strike on both Ford and the U.S. economy. The strike has already led to the closure of…
Foreign and domestic medical device facilities that fail to renew their registrations with the Food and Drug Administration (FDA) may face import restrictions and be locked out of the U.S. market. It is crucial for owners or operators of such establishments involved in the production and distribution of medical devices intended for commercial distribution in…
The World Trade Organization (WTO) has launched a task force to address the growing issue of global carbon pricing. As more countries plan to tax imports based on their carbon emissions, the task force aims to prevent unfair penalties on developing nations. The goal is to create a methodology for determining global carbon prices, ensuring…
The ongoing Israeli-Palestinian conflict has raised concerns within the international trade community, particularly for Indian exporters. While experts believe that the conflict is unlikely to significantly impact trade volumes, there are worries about increased insurance premiums and shipping costs that could affect the profitability of domestic exporters. Key Points 2. Indian exporters may face higher…
The ongoing conflict between Israel and Hamas has raised concerns among analysts about its potential impact on the US economy. Analysts warn that the conflict could affect the value of the dollar and lead to swift changes in oil prices. Furthermore, the uncertainty caused by the conflict may result in higher inflation, which could pose…
The United Auto Workers (UAW) has announced that it will not expand the strikes at General Motors (GM), Ford, and Stellantis this week, signaling progress in the ongoing negotiations. This decision comes after General Motors agreed to include battery cell workers under the national agreement, which has been a long-standing demand of the union. The…
The United States and the European Union (EU) are facing an impending deadline of October 31 to finalize a Global Arrangement on Sustainable Steel and Aluminum. This deal aims to prevent a renewed transatlantic trade war and address challenges related to global excess capacity and carbon emissions in metals production. Let’s explore the key points…
China has expressed its dissatisfaction with the European Union (EU) over the launch of a formal inquiry into subsidies for electric vehicles (EVs). The Chinese government argues that the EU’s anti-subsidy investigation lacks sufficient evidence and does not align with World Trade Organization rules. This article delves into China’s response and highlights the potential implications…
The United Nations (UN) has issued a forecast warning of “stalling and divergent” global growth for the year 2024. While global economic growth is projected to increase slightly from 2.4% in 2023 to 2.5% in 2024, there are significant concerns about the state of the global economy. The UN Trade and Development Report highlights several…
An investigation reveals a troubling trend in the global oil trade: the booming business of sanctioned oil. Despite international embargos, countries like China continue to import oil from sanctioned nations like Russia and Iran by relabeling it as originating from third-party countries. This illicit practice raises concerns over environmental risks, crew safety, and the impact…
