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Bloomberg (November 25)

2022/ 11/ 27 by jd in Global News

“Since the Brexit vote in 2016, the UK government is yet to deliver major legislative change with significant benefits for businesses. Instead, companies have had to grapple with higher paperwork costs on trade, a tighter labor market spurred by a reduction in EU migration and a weaker pound increasing import costs. Brexit has also had a political cost of aggravating tensions in Northern Ireland and hurting diplomatic relations with the EU.”

 

LNG Industry (January 6)

2022/ 01/ 08 by jd in Global News

“The world’s two largest economies–the US and Mainland China–are poised to be the world’s top export and import markets for LNG in 2022.” In 2021, the US placed third, behind Australia and Qatar, but “was the largest source of LNG supply growth in 2021.” China overtook Japan in 2021, marking “the first time since the early 1970s that Japan has not been the world’s largest LNG importer.”

 

Straits Times (September 18)

2018/ 09/ 19 by jd in Global News

On Monday,  Donald Trump “effectively broadsided one of the world’s largest trade relationships, announcing plans to proceed with tariffs on another US$200 billion in US imports of Chinese goods.” Combined with previous tariffs, “this means roughly half of everything Americans buy from China…is now subject to punitive import duties. Whole industrial sectors stand to feel the effects, including agriculture, manufacturing, textiles and retail.”

 

CNN (July 2)

2018/ 07/ 04 by jd in Global News

“Every US-made car is an import,” which means US automakers could get stung bad by tariffs. According to a measure used by regulators, “the two most ‘American’ cars are both Hondas—the Odyssey minivan and Ridgeline pickup,” each of which boast about 75% of components made in the US or Canada. “The Honda Civic, Acura MDX, Acura TLX and the Mercedes C-class source 70% from the United States and Canada. The highest-ranked car made by a Detroit automaker is the Chevrolet Corvette, which placed seventh” at about 65%. GM has already warned that “tariffs could force the company to cut jobs at US plants due to an expected drop in sales associated with higher prices.”

 

The Economist (November 24)

2012/ 11/ 26 by jd in Global News

Mexico is experiencing a boom as it benefits from economic trends. “Wages in Chinese factories have quintupled in the past ten years and the oil price has trebled, inducing manufacturers focused on the American market to set up closer to home. Mexico is already the world’s biggest exporter of flat-screen televisions, BlackBerrys and fridge-freezers, and is climbing up the rankings in cars, aerospace and more.” By 2018, America is expected to import more from Mexico than from any other country. “Made in China” is giving way to “Hecho en México”.

 

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