Trade Update – December 10, 2024
Featured Headlines
CalChamber Joins Effort to Prevent Supply Chain, Ports Disruption in New Year
CalChamber, December 10, 2024
Import cargo rising as higher tariffs and potential port strike approach
American Journal of Transportation, December 9, 2024
How Port Modernization is Critical to Supporting the Future of the Maritime Industry and the ILA
USMX, December 3, 2024
Global Trade Update (December 2024)
United Nations, December 2024
Global trade set to hit record $33 trillion by year-end
The American Journal of Transportation, December 10, 2024
CalChamber Companies in the News
- Campbell’s launches regenerative agriculture pilot for potatoes with grocer Ahold Delhaize
Agriculture Dive, December 10, 2024 - Diverse Team Builds Critical Infrastructure – Burns & McDonnell
CalChamber, December 6, 2024 - Salesforce stock surges as revenue beats estimates and excitement builds for its new AI tools
Market Insider, December 4, 2024 - L’Oréal Groupe spearheads supplier decarbonization fund
Supply Chain Dive, December 4, 2024
Trade Policy
White House
Readout of the Lobito Trans-Africa Corridor Summit
The White House, December 4, 2024
FACT SHEET: Partnership for Global Infrastructure and Investment in the Lobito Trans-Africa Corridor
The White House, December 3, 2024
News on the Incoming Administration:
Trump’s Cabinet And Key Jobs: Harmeet Dhillon, Mark Paoletta, Alina Habba Tapped For Legal Roles
Forbes, December 10, 2024
Trump’s Trade Hawk Peter Navarro Tapped for White House Return
GCaptain, December 4, 2024
Trump’s pick for China ambassador could be bad news for Beijing
POLITICO, December 6, 2024
USCBC Applauds President-Elect Trump’s Nomination of Former Georgia Senator David Perdue to Serve as Next Ambassador to China
The US-China Business Council, December 6, 2024
China’s new war: America’s freedom depends on confronting the threat
The Washington Examiner, September 6, 2024
- The United States and Bahrain Launch Geospatial Acceleration Initiative under C-SIPA
The White House, December 7, 2024
U.S. Department of Commerce
- Department of Commerce Awards CHIPS Incentives to Micron for Idaho and New York Projects and Announces Preliminary Memorandum of Terms for Virginia DRAM Project to Secure Domestic Supply of Legacy Memory Chips
U.S. Department of Commerce, December 10, 2024 - Over $6 billion in CHIPS Act funding finalized for Micron plants in the US
The Verge, December 10, 2024 - Biden-Harris Administration Announce Preliminary Terms with Coherent, SkyWater, and X-Fab to Advance U.S. Supply Chain Security
U.S. Department of Commerce, December 6, 2024 - U.S. Department of Commerce and Angolan Ministry of Commerce and Industry Strengthen Ties through Commercial and Investment Partnership Memorandum of Understanding
U.S. Department of Commerce, December 5, 2024
U.S. Trade Representative
First agreement under Taiwan-US trade initiative to come into force
Reuters, December 10, 2024
USTR Announces Entry into Force of First Agreement under U.S.-Taiwan Initiative on 21st Century Trade
United States Trade Representative, December 9, 2024
- Readout of Ambassador Katherine Tai’s Meeting with Ukraine’s First Deputy Prime Minster-Minister of Economy, Yulia Svyrydenko
United States Trade Representative, December 4, 2024
U.S. Department of Treasury
- U.S. Department of the Treasury Releases Final Rules on Investment Tax Credit to Produce Clean Power, Strengthen Clean Energy Economy
U.S. Department of the Treasury, December 4, 2024
Export-Import Bank
- Export-Import Bank of the U.S. Chair Reta Jo Lewis Joins President Joe Biden’s Visit to Angola to Deepen Investment Partnership
EXIM, December 9, 2024
U.S. Trade and Development Agency
Director Ebong Travels to Türkiye, Egypt and Bulgaria
USTDA, December 9, 2024
World Trade Organization
- Goods barometer shows moderate trade growth as policy uncertainty looms
WTO, December 9, 2024 - Uzbekistan advances WTO accession negotiations, reaffirms commitment to conclude by 2026
WTO, December 6, 2024
Trade Agreements/ Cooperation
The EU and a South American trade bloc reach a giant trade deal after 25 years of talks
The Associated Press, December 6, 2024
- Starmer to boost trade ties on Gulf trip
The Telegraph, December 7, 2024 - William Ruto announces 3 countries in new agreement to extend SGR from Naivasha
Tuko, December 7, 2024 - Voters believe UK should prioritise EU trade over the US, poll reveals
The Irish News, December 5, 2024
California
- CalChamber Welcomes Legislators to State Capitol
CalChamber, December 6, 2024 - Newsom dubs Trump’s proposed tariffs a ‘betrayal’ of American consumers
POLITICO, December 5, 2024 - Legislative Analyst Forecasts Multiyear State Budget Deficits
CalChamber, December 5, 2024 - Capitol Briefs: And they’re off.
Capitol Weekly, December 3, 2024
More International Articles
- Trump trade war fallout could drive ECB to slash rates to ultra-low levels
American Journal of Transportation, December 9, 2024 - China’s ban on key high-tech materials could have broad impact on industries, economy
The Associated Press, December 6, 2024 - Euro zone productivity growth remains weak in Q3, data shows
Reuters, December 6, 2024 - EU snubs France to seal huge Latin American trade deal
POLITICO, December 6, 2024 - U.S. Economy Is Doing What Few Others Are: Getting More Productive
The Wall Street Journal, December 5, 2024 - GOP bristles at China travel advisory
POLITICO EUROPE, December 5, 2024 - Global companies likely to be affected by Trump’s promised tariffs
Reuters, December 5, 2024 - French lawmakers vote to oust prime minister in the first successful no-confidence vote since 1962
The Associated Press, December 4, 2024 - OECD warns of protectionism risk to global growth outlook
Reuters, December 4, 2024 - South Korea rushes to stabilise markets after Yoon’s martial law bid
Reuters, December 4, 2024 - Canada Mining Group Uses China Ban to Push Back on Trump Tariffs
Bloomberg, December 3, 2024