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U.S. Companies Shift to Mexican Suppliers

Friday, April 01, 2022

(The Wall Street Journal) New data suggests Mexican suppliers are gaining ground as manufacturers reset their supply chains amid growing global disruptions. Last year, large American manufacturers solicited chemicals, produce and construction materials, and other goods from six times as many suppliers based in Mexico as they did in 2020, according to procurement software firm Jaggaer. At the same time, the number of suppliers in China that received procurement bids declined by 9% in 2021, Jaggaer said, using data from its 30 biggest U.S. manufacturing customers with an average of over $30 billion in annual revenues. The push for suppliers in Mexico come...

American Businesses, Industry, Labor Groups, Praise Historic U.S. – U.K. Tariff Agreement

Wednesday, March 23, 2022

(CalChamber) The United States and the United Kingdom resumed trade talks at the end of March, two years after they were frozen and eight months after the U.K.’s “fast track” status to a trade deal, under the Trade Promotion Authority, expired. U.S. Trade Representative Katherine Tai and U.K. Secretary of State for International Trade Anne-Marie Trevelyan met in Baltimore for the two-day event. The pair toured the Port of Baltimore and met with U.S. and U.K. business and labor representatives. In Baltimore, negotiators reached a deal to end the four-year-old dispute that began in March 2018 when then President Trump imposed tariff...

U.S. Trade Deficit in Goods Surges Again to a Record $107.6 Billion in Early 2022

Monday, February 28, 2022

(Market Watch) The numbers: The U.S. trade deficit jumped 7.1% in January to $107.6 billion and hit a new all-time high for the second month in a row, reflecting huge American appetite for imported goods such as autos and oil. The deficit rose from a revised $100.5 billion in December. Last year, the U.S. posted the highest trade deficit ever. The goods deficit topped $1 trillion for the very first time. Key details: U.S. goods imports rose 1.8% in January to $262 billion — also a record. Exports of U.S.-made goods slid 1.8% to $154.8 billion. Part of the unusually sharp increase in the deficit i...

Another 2021 First: Top 10 U.S. Trade Partners Top $100 Billion

Friday, February 25, 2022

(Forbes) For the first time ever, the top 10 U.S. trade partners all topped $100 billion in export-import trade in 2021, according to U.S. Census Bureau data released in February. The previous record was seven, first set in 2011 and tied every year thereafter. Until last year. It was one of many new milestones set in a year filled with them, despite record tariffs and massive snarls in the supply chain symbolized by websites with items out of stock, barren shelves at the store, and ships stranded off the coasts of Los Angeles, Savannah and elsewhere, waiting to dock. The United States set ...

Ukraine Conflict Adds to Supply-Chain Woes as Firms Halt Work

Friday, February 25, 2022

(American Journal of Transportation) International companies from cigarette makers to auto manufacturers and beverage bottlers are shutting down production in Ukraine as Russian armed forces roll into the country, adding further strain to fragile global supply chains. Japan Tobacco Inc. said Friday it halted operations at a plant in Kremenchuk in central Ukraine, where it employs 900 staff. Bottling company Coca-Cola HBC shut down operations in the country and sent staff home, joining a growing list of firms including Carlsberg AS, Nestle SA and AB InBev Efes, a joint venture between Anheuser-Busch InBev NV and Anadolu Efes, to halt local production becaus...

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