Efforts to decarbonize global shipping while promoting investments and digital solutions are deemed crucial in enhancing supply chain resilience, particularly for small island developing states (SIDS). The United Nations Global Supply Chain Forum, held from May 21 to 24, 2024, and hosted by the UN Trade and Development (UNCTAD) in collaboration with the Government of... The post UN Global Supply Chain Forum Calls for Resilience Amid World Trade Disruptions appeared first on Global Training Center ..read more

The world of global trade is abuzz once again with discussions surrounding the rising cost of shipping containers. As companies transport goods from Asia, they are facing staggering costs of up to $10,000 for an urgent full-size shipping container over the next month – nearly double the current spot rates. This spike in prices has... The post The Resurgence of the $10,000 Shipping Container in Global Trade appeared first on Global Training Center ..read more

USTR’s Proposed Tariff Modifications and Machinery Exclusions Chart New Course The United States Trade Representative (USTR) has issued a Federal Register Notice proposing tariff modifications and a machinery exclusion process related to Section 301 actions against the People’s Republic of China (PRC). The USTR aims to address the PRC’s unfair trade practices, including technology transfer-related... The post USTR’s Proposed Tariff Modifications, Container Crunch and more on Forced Labor appeared first on Global Training Center ..read more

Indonesia ‘s central bank, Bank Indonesia (BI), has recently announced its decision to maintain the key interest rates through the third quarter of this year. This move aims to mitigate the challenges posed by a weak rupiah and create a favorable environment for economic stability. A Reuters poll suggests that a potential rate cut in... The post Understanding Bank Indonesia ‘s Monetary Policy appeared first on Global Training Center ..read more

In a recent development, China’s Commerce Ministry has announced restrictions on certain U.S. companies, prohibiting them from engaging in import and export activities related to China. The decision encompasses various limitations, including bans on new investments in China and arms sales to Taiwan. Among the firms affected by this ban is General Atomics Aeronautical Systems,... The post China’s Commerce Ministry Imposes Restrictions on Certain US Firms for Import and Export Activities appeared first on Global Training Center ..read more

In a strategic move aimed at supporting U.S.-based medical mask and glove manufacturers, President Joe Biden recently announced a decision to increase tariffs on Chinese goods. This decision comes as a lifeline for the industry, which saw a surge in demand during the COVID-19 pandemic but struggled to compete with cheaper imports from China. The... The post U.S. Boosts Domestic Mask and Glove Makers through Tariff Increases on Chinese Imports appeared first on Global Training Center ..read more

To combat forced labor in global supply chains, the U.S. has taken action to block imports from 26 Chinese cotton traders and warehouse facilities. This action is part of ongoing efforts to eliminate goods made with the forced labor of Uyghur minorities from the U.S. supply chain. The decision reflects the growing concerns over the... The post U.S. Takes Bold Step to Block Imports from Chinese Cotton Traders and Warehouses appeared first on Global Training Center ..read more

Representatives from the US and China met in Geneva on May 18 to hold bilateral talks on the risks and opportunities associated with artificial intelligence (AI). The meeting, which marked the first formal dialogue between the two nations on AI matters, aimed to increase communication and cooperation between the world’s leading AI powers. The US... The post US-China AI Talks in Geneva Address Risks and Opportunities appeared first on Global Training Center ..read more

Navigating Changes in De Minimis Imports to the US Online merchants and customs brokers selling to US consumers have been granted a temporary reprieve by the US Customs & Border Protection (CBP) regarding the advance submission of shipment data. However, looming legislative measures are set to impact de minimis imports, particularly for Chinese sellers. Proposed... The post De Minimis Imports to the US, New Tariffs, and Evolving Global Trade Landscape appeared first on Global Training Center ..read more

In a significant development, President Biden recently signed a national security package (H.R. 815) into law, incorporating various provisions that have far-reaching implications for multinational companies and international affairs. This blog post aims to summarize the key highlights of the legislation, including measures such as doubling the statute of limitations for US sanctions violations, authorizing... The post The New Era of US Sanctions Policy: Implications of the National Security Package on Russia and Iran appeared first on Global Training Center ..read more