trade News

Chaos in The Red Sea is Starting to Bite into Companies’ Profits

With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply-chain strains show up in companies’ earnings reports. Several firms are already warning of the impact. Electric-vehicle maker …

Trucker Blockade Snarls US-Mexico Border Over Texas Order

AUSTIN, Texas (AP) — One of the busiest trade ports on the U.S.-Mexico border remained effectively closed Wednesday as frustration and traffic snarls mounted over new orders by Texas Gov. Greg Abbott requiring extra inspections of commercial trucks as part …

Anger Mounts Along Texas-Mexico Border Over Long Delays to Commercial Crossings

CIUDAD JUAREZ, Mexico —Mexican truck drivers blockaded two busy bridges at the border with United States on Monday amid rising tensions on both sides over an order by Texas Governor Greg Abbott that has slowed commercial crossings between Mexico and …

East Coast Ports Rushed to Attract Mega Ships. Now, One Is Stuck Outside D.C.

The $5.25 billion expansion of the Panama Canal doubled its capacity in 2016, allowing the world’s largest cargo ships to sail more easily to America’s East Coast from Asia. Now, one of those giant vessels has been stuck near the …

Supply Bottlenecks Leave Ships Stranded, Businesses Stymied

NEW YORK (AP) — A trade bottleneck born of the COVID-19 outbreak has U.S. businesses anxiously awaiting goods from Asia — while off the coast of California, dozens of container ships sit anchored, unable to unload their cargo. The pandemic …

Trump to Tackle Immigration, Trade, Taxes, Healthcare

Donald Trump’s surprise election Tuesday as U.S. president means the repudiation of Barack Obama’s legacy and a strong likelihood Republicans will undo many of his accomplishments, including Obamacare and trade deals, and seek tax cuts for the rich. While Trump …

Thai Floods Impact May Last Longer than Japan’s Disaster

The impact from Thailand floods on Asia’s production networks may last longer and be deeper than that from Japan’s March earthquake, tsunami and nuclear crisis, a senior Asian Development Bank official said on Tuesday. Iwan Azis, head of ADB’s Office …