The consultancy Maritime Analytics forecasts that global maritime demand will increase 3.3% in 2023 and 3.0% in 2024. It also projects that fleet utilization will increase each year and remain at levels that have historically supported healthy dry bulk freight rates. This compares favorably with a 0.9% decline
Canada, Mexico and China were the top three destinations for U.S. exports in the January-July 2023 period. This is how the amounts totaled: U.S. goods were sold to Canada for $206.537 billion, with no percentage change; to Mexico for $186.958 billion (-0.5%); and to China for $83.248 billion
The three largest exporters of goods to the United States in the first seven months of 2023 were Mexico, Canada and China. In the first position, Mexico exported goods worth $274,950 million dollars, a year-on-year increase of 5%, according to data from the Department of Commerce. This was
Mexico has 26 automobile plants, including those of General Motors, Ford, Nissan, Stellantis, Volkswagen and Hyundai. The Mexican Automotive Industry Association (AMIA) estimates that Mexico will go from being the seventh largest automaker in the world in 2022 to become the fifth largest in 2025. The Mexican automotive
The United States has placed restrictions on China on companies receiving U.S. subsidies for the production of semiconductor chips. Under Section 103(b)(5) of the U.S. Science and CHIPS Act, an entity receiving subsidies under the U.S. chip incentive program is prohibited for 10 years from engaging in any
The U.S. government stated that China failed to implement several commitments related to agricultural biotechnology and ractopamine. If China believes that the United States has failed to implement any of its commitments under the Phase I Agreement, the Phase I Agreement provides a mechanism for China to raise