Trade Update – July 9, 2024
Featured Headlines
Elections
Britain’s Labour Party has won enough seats to have a majority in the UK Parliament
Associated Press, July 4, 2024
Keir Starmer: Who is the UK’s new PM and what has he promised?
Reuters, July 4, 2024
Reformist Pezeshkian beats hard-liner to win Iran presidential election, promising outreach to West
Associated Press July 6, 2024
Iran holds runoff presidential vote pitting hard-liner against reformist after record low turnout
Associated Press July 5, 2024
French Elections 2024 And Their Impact On Macron And Beyond
Forbes, July 8, 2024
The Latest | In a surprise, French leftists have won the most seats in legislative elections
Associated Press, July 6, 2024
CalChamber Companies in the News
- The Wonderful Company Opens the Application Window for $1 Million Central Valley Community Grants
Yahoo Finance, July 9, 2024 - United applies to expand service between San Francisco and Washington National Airport
American Journal of Transportation, July 9, 2024 - American Honda Achieves Sales Growth Amid Nationwide Dealer Cyberattack
DriveSpark News, July 4, 2024 - FedEx gains $500M in healthcare shipping agreements
Beckers Hospital Review, July 3, 2024
Trade Policy
White House
NATO leaders are descending on Washington. Here’s what to know
Associated Press, July 8, 2024
Judge blocks Biden’s bid to halt LNG export licenses over climate
The Uncontained, July 2, 2024
- Background Press Call Previewing the NATO Summit
The White House, July 5, 2024 - Readout of President Joe Biden’s Call with Prime Minister Keir Starmer of the United Kingdom
The White House, July 5, 2024
U.S. Department of Homeland Security
Mayorkas provides fuel for critics of ‘de minimis’ imports
PoliticoPro, July 9, 2024
New DHS Textile Enforcement Actions Crack Down on Illicit Trade to Support 500,000 American Textile Jobs
U.S. Department of Homeland Security, July 9, 2024
U.S. Department of Commerce
- Commerce Department Awards $504M in Grants to 12 Tech Hubs; Gina Raimondo Quoted
Executivegov, July 3, 2024 - Indonesian shrimp industry starting to feel impact of U.S. antidumping tariffs
Seafood Source, July 3, 2024 - U.S. Trade Deficit Widens in May as Exports Fall More Than Imports
Business Insider, July 3, 2024 - U.S. Department of Commerce rejects initial appeals of Ecuador antidumping duties
Seafood Source, July 2, 2024
U.S. Trade Representative
- Explainer: Looming AGOA expiry puts US apparel buyers off say experts
Yahoo Finance, July 8, 2024 - USTR Announces Danielle Fumagalli as Acting Assistant United States Trade Representative for Japan, Korea and APEC Affairs
United States Trade Representative, July 3, 2024
U.S. Department of Treasury
U.S. to expand control of land sales to foreigners near 56 additional military sites
ABC News, July 8, 2024
US Treasury Department Issues Notice of Proposed Rulemaking on Implementation of Outbound Investment: 5 Key Takeaways
JDSupra, July 2, 2024
Export-Import Bank
- EXIM Thailand Meets with Global Insurers in Singapore to Support Thai Entrepreneurs with Export Credit and Investment Insurance Services
Newswit, July 5, 2024 - Afreximbank Invests in Project to Rejuvenate AfriCaribbean Trade and Cultural Ties
Ventures Africa, July 2, 2024
World Trade Organization
UNIDO, WTO spearhead $12bn West Africa cotton industry initiative
Yahoo Finance, July 3, 2024
- Members discuss future work of the Goods Council, review trade concerns
WTO, July 4, 2024 - Philippines, 33 other WTO members push to ratify fisheries deal
PhilStar, Global July 2, 2024
Trade Agreements/ Cooperation
- EU-Kenya Trade Agreement Takes Effect
All Africa, July 8, 2024 - New Zealand leads world’s first trade agreement between indigenous people
New Zealand Herald, July 7, 2024 - UAE and Japan sign agreements to enhance bilateral trade and boost partnerships
The National, July 7, 2024 - China and EU held technical talks on impending EV tariffs
Reuters, July 4, 2024 - Indonesia rebuffs China’s Global South trade drive
Asia Times, July 3, 2024 - Argentina Poised for First China Corn Cargoes in 15 Years
Bloomberg, July 2, 2024
California
- Incora Announces New Global Facilities in Sacramento, California and Bangalore, India
Business Insider, July 8, 2024 - College students in California win international robotics competition
WPTZ Plattsburg -Burlington, July 3, 2024
More International Articles
Japan base pay jumps most since 1993 in positive signal for BOJ
Japan Times, July 8, 2024
- Maritime Unions Call on NATO to Boost Merchant Marine Investment
GCaptain, July 9, 2024 - China Outspends the U.S. on Fusion in the Race for Energy’s Holy Grail
Wall Street Journal, July 8, 2024 - South Africa’s broken ports: World no. 2 citrus export industry under threat
The Economic Times, July 7, 2024 - Global equity funds draw inflows for second straight week amid rate cut expectations
Reuters, July 5, 2024 - Emergency Grain Stockpiling Highlights World’s Food Worries
Bloomberg, July 5, 2024 - Brazil police indict ex-President Bolsonaro for money laundering and criminal association, sources say
Associated Press, July 4, 2024 - Lufthansa gets EU nod to buy $350 million stake in Italy’s ITA
Reuters, July 3, 2024