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Tag Archives: Trade

Canadian Trade Plummets Amid Global Shutdowns: April Losses Set New Record

Containers being loaded onto truck at port.

BLOOMBERG, JUNE 4, 2020 By Shelly Hagan for Bloomberg – Canadian exports and imports plunged by the most ever in April amid a shutdown of global trade. Shipments of goods abroad plunged 30% during the month, more than offsetting a 25% drop in imports. The nation’s trade deficit widened to C$3.3 billion ($2.4 billion), from C$1.5 billion in March, Statistics Canada …

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Yet another trade war?? This time it’s with India

PortandTerminal.com, June 16, 2019 India just predictably increased its tariffs on US exports, dealing another blow to fragile global trade. The goods targeted include American apples — which will be hit with a 70% tariff — as well as almonds, lentils and several chemical products New Delhi, India – As of last week, the United States is now officially in …

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US Farmers in shock. China quits buying US soy as tariff war escalates

PortandTerminal.com, May 31, 2019 China, the world’s largest soybean buyer, has put purchases of American supplies on hold after the trade war between Washington and Beijing escalated Washington, DC – China has halted its US soy purchases as the trade war between it and the United States escalates. As the world’s largest soybean purchaser, losing Chinese orders will severely hurt …

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China looks to Brazil instead of America to supply soybeans

PortandTerminal.com, March 13, 2019 Who’s winning the US-China trade war? When it comes to soybeans, Brazil is. The South American nation is capitalizing on the instability caused by US President Donald Trump’s trade war to profit from both China and America in soybean trade. China’s appetite for soybeans China crushes soybeans to create soymeal which it uses to feed its …

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