Commentary The U.S. trade deficit hit an all-time high in March, reaching $74.4 billion, as Americans spent their stimulus checks on foreign-made goods but were limited in their ability to spend their money on nearby entertainment options such as restaurants, bars, amusement parks and sporting venues, many of which were still closed in March. The…
Port of Los Angeles Activity Reaches ‘Dizzying Pace’
May 5, 2021
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EU to Extend Vaccine Export Curbs to Cover Britain, Backloading: Source
BRUSSELS—The European Commission on Wednesday will extend EU powers to potentially block COVID-19 vaccine exports to Britain and other areas with much higher vaccination rates, and to cover instances of companies backloading contracted supplies, EU officials said. The regulation is aimed at making vaccine trade reciprocal and proportional so that other vaccine-making countries sell to…
UK-EU Trade Slumps in First Month of New Brexit Rules
LONDON—Trade between the United Kingdom and the European Union was hammered in the first month of their new post-Brexit relationship, with record falls in British exports and imports of goods as COVID-19 restrictions continued on both sides. British goods exports to the EU, excluding non-monetary gold and other precious metals, slumped by 40.7 percent in…
Australia Sees Record High Trade Surplus Despite China’s Trade Sanctions
The Chinese regime’s trade war on Australia appears to be backfiring after strong demand for Australian exports have resulted in the nation recording its fourth-highest trade surplus. Preliminary international trade figures released by the Australian Bureau of Statistics (ABS) on Monday show Australia recorded a $9 billion goods trade surplus in December, up from $7.4…
Johnson Reveals £23 Million Compensation Package as Post Brexit Red Tape Stifles UK Exports
UK Prime Minister Boris Johnson has revealed that a £23 million ($31.24 million) fund has been created to compensate businesses whose exports have been delayed by excessive red tape following Britain’s exit from the European Union. The government said this extra cash was on top of a £100 million ($136 million) investment in the industry…
Exclusive: Scottish Fishermen Halt Exports Due to Brexit Red Tape, ‘It’s a Catastrophe’
LONDON—Many Scottish fishermen have halted exports to European Union markets after post-Brexit bureaucracy shattered the system that used to put fresh langoustines and scallops in French shops just over a day after they were harvested. Fishing exporters told Reuters their businesses could become unviable after the introduction of health certificates, customs declarations, and other paperwork…
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