American farmers say they appreciate trade agreements that help them remain competitive in world markets. But they add that the accords are useless if all parties don’t comply with the terms of the deals. Don Schiefelbein is a farmer and rancher in Kimball, Minnesota, where he and his six brothers run the cattle and row…
Farmers Call on Congress to Enforce Requirements of Foreign Trade Agreements
Biden, British PM Strike New Economic Partnership, Touting ‘Indispensable Alliance’
June 8, 2023
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Atlantic Declarationbiden administrationBritish Prime MinisterBusiness & Marketseconomic policiesEuropeExecutive Branchforeign tradeJoe BidenPoliticsRishi SunakRussia-Ukraine WarUKUnited KingdomUSUS NewsWorld
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President Joe Biden and British Prime Minister Rishi Sunak have struck a new economic agreement to strengthen economic ties between their two nations and address the challenges of a “rapidly changing world.” “Today in Washington, we’ve had important and positive discussions to deepen our bilateral economic relationship and expand our cooperation to shape the challenges…
Empty Shipping Containers Pile Up in Chinese Ports as China’s Exports Continue to Decline
March 27, 2023
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Asia & PacificBusiness & MarketsChinaChina Business & EconomyChina Human RightsChinese Regimecontainereconomyempty containerexportforeign tradeGlobal ExpansionInternational RelationsMarketsshippingSocial IssuesSpecial TopicsUS-China relationsWorld
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Empty shipping containers used for export have been piling up in Shanghai, Ningbo, Guangdong, and other major Chinese ports since December, as China’s foreign trade continues to decline. The latest data from ContainerxChange, a global container trading platform, shows that in the sixth week of 2023 (February 5–11), the CAx (Container Availability Index) of Shanghai…
China Container Freight Index Plunges for Five Consecutive Months Due to Weak Exports
February 21, 2023
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Business & MarketsChinaChina Business & EconomyChina Container Freight Indexcontainersexportforeign tradeInternationalWorld
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The China Container Freight Index (CCFI) reportedly continued to fall in January after plummeting in the previous four months, indicating an overall decline in international freight rates at Chinese ports, a gloomy export trade, and a crisis in which Chinese foreign trade companies are facing business headwinds or even bankruptcy due to reduced orders. On…
Lockdown Induces Shanghai Port Congestion, Drags Foreign Trade and Global Supply Chain
A prolonged citywide lockdown caused congestion in the Port of Shanghai and affected the global supply chain due to the megacity’s influential position in foreign trade and transportation. Zhang Jinglun, a U.S. financial expert, told The Epoch Times that the Shanghai lockdown, part of China’s intensifying anti-virus measures, is bound to cause disruptions in production…
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