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The US signs a free trade agreement with Japan that will greatly aid US growers

8 Oct

October 8, 2019 – The United States and Japan signed a trade agreement yesterday that would open up markets to 7 billion dollars worth of US agricultural goods, once it is approved by the US Congress. President Trump described the deal, dubbed the new US–Japan Trade Agreement, as a huge victory for both countries, especially […]

US exports, imports and manufacturing slid further in September

1 Oct

October 1, 2019 – New export orders slumped further in September, according to the latest Institute of Supply Management (ISM) Report on Business. September exports registered a 41.0 reading, down from August’s 43.3, while imports slowed to 48.1 in September, down from 46.0 in August. Manufacturing too, contracted in September registering 47.8 percent, a decrease […]

Midwest regional seminar: CE-Marking, EU Machinery & ROHS

25 Sep

September 24, 2019 – The Midwest International Trade Association (MITA) of Omaha will present a specialized morning seminar on October 17th in Omaha, NE on the subject of Machinery Directive 2006/42/EC and ROHS Directive 2011/65/EU compliance. Participants will be able to determine what type of machinery may follow the self-certification process of the Machinery directive, […]

OPIC and USAID combine to form a new international finance org

18 Sep

September 17, 2019 – The Overseas Private Investment Corporation (OPIC) and the US Agency for International Development (USAID)’s Development Credit Authority are forming a new consolidated agency to better serve the developing world with better private capital. The US International Development Finance Corporation (USDFC) is set to be launched on October 1, 2019, and will […]

Settling a worldwide battle for the Common Name – Mozzarella

11 Sep

September 11, 2019 – The Consortium for Common Food Names (CCFN), the US Dairy Export Council (USDEC) and the Consorzio Tutela Mozzarella di Bufala Campana (Italy) have signed an historic agreement that CCFN hopes will pave the way for a new dialogue on the protection of products of origin in the US and in global […]

Japan may have to dump contaminated Fukushima water into the Pacific

11 Sep

September 10, 2019 – Singapore’s Straits Times is reporting today that “Japan’s environment minister said today he saw ‘no choice’ but to discharge treated contaminated water from the wrecked Fukushima Daiichi nuclear power plant into the Pacific Ocean, as storage space is likely to run out by 2022.” Environment Minister Yoshiaki Harada, expected to be […]

The US is the 5th major economy to see manufacturing slump

6 Sep

September 5, 2019 – According to Markets Insider yesterday, global manufacturing has taken a heavy hit during the trade war. The US economy joined the UK, Germany, Japan, and South Korea in posting similar manufacturing declines amid a worrying slowdown in global growth. The latest US data came two days after Trump’s newest round of […]

US exports and imports slumped further in August

3 Sep

September 3, 2019 – New export orders dropped significantly in August, according to the latest Institute of Supply Management (ISM) Report on Business. August exports registered a 43.3 reading, down from July’s 48.1, and imports slowed to August’s 46.0 from 47.0 in July. “Respondents expressed slightly more concern about U.S.-China trade turbulence, but global trade […]

Trade wars continue to hurt US economy says Creighton’s Prof. Goss

21 Aug

August 20, 2029 – According to Creighton University’s Professor of Economics and national spokesperson on the international economy Professor Ernie Goss, “In opposition to sound economic theory and US equity markets, President Trump assumes his actions against Chinese imports will reduce the nation’s trade deficit and force some US companies producing in China to move […]

US announces plans to expand its partnership with Mongolia

9 Aug

August 8, 2019 – A somewhat overlooked announcement from the White House at the end of last month was the cooperative meeting between President Trump and Mongolia’s President Battulga proclaiming closer cooperation between the two democracies. In 2018, the United States had a $111 million trade surplus with Mongolia, reflecting the significant importance of the […]

Heartland international trade continues to fade

6 Aug

August 5, 2019 – Both new export orders and imports slumped deeper in July, according to the latest Heartland International Business Index compiled by Creighton University’s Professor Ernie Goss. Exports fell off to 44.7 in July from the June reading of 48.3, and imports slumped to 43. 8 from June’s 50.0. Any reading below 50.0 […]

While US manufacturing continued to grow, both exports and imports dropped in July

2 Aug

August 2, 2019- Despite the fact that both exports and imports slowed in July, “Economic activity in the manufacturing sector expanded in July, and the overall economy grew for the 123rd consecutive month,” said the nation’s supply executives in the latest Manufacturing ISM Report On Business. Other headlines from the ISM Report read, “New Orders, […]

Heartland international trade falls off in June

19 Jul

July 18, 2019 – Both new export orders and imports drifted down in June, according to the latest Heartland International Business Index compiled by Creighton University’s Professor Ernie Goss. Exports fell off to 48.3 in June from the May reading of 48.5, and imports slumped to 50.0. Any reading above 50.0 represents growth. “June’s import […]

Brazilian woman establishes international spouses group

16 Jul

July 16, 2019 – Gazelle magazine reports that Susan Gobbo is the founder and coordinator of the St. Louis International Spouses Meetup Group, created to embrace foreign-born women who move to the area due to their spouse’s job transfer or assignment by helping them settle down and easing their transition to new surroundings. She also […]

Manufacturing and exports grew at a slower pace in June

1 Jul

July 1, 2019 – Economic activity in the manufacturing sector and new export orders grew slower in June, while the overall economy grew for the 122nd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. “Growth in manufacturing grew for the 34th consecutive month in June,” said Fred Baehner, […]

Sweeping changes proposed for Ex-Im Bank

21 Jun

June 21, 2019 – Tuesday night, the House Financial Services Committee Chairwoman Maxine Waters (D-CA) and Ranking Member Patrick McHenry (R-NC) released a summary of their agreement for a seven-year reauthorization of the Ex-Im Bank (to be renamed the United States Export Finance Agency), with multiple additional provisions. The Committee is looking at a potential […]

Manufacturing and exports grew in May. Imports contracted.

5 Jun

June 4, 2019 – Economic activity in the US manufacturing sector and new export orders expanded in May, and the overall economy grew for the 121st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. Manufacturing expanded in May, as the PMI® registered 52.1 percent, a decrease of 0.7 […]

Growth eases in Asia as investment takes a hit

20 May

May 20, 2019 – A new research report from ANZ Bank says GDP growth slowed in the first quarter of 2019 in the six Asian economies – Indonesia, Malaysia, Singapore, Taiwan, South Korea, and the Philippines – that have released data so far. In aggregate, weaker growth primarily reflected a loss of momentum in exports, […]

China excludes essential food products from tariff increases

15 May

May 15, 2019 – While China announced on May 13 that it would increase tariffs ranging from 5 to 25 percent on 5,140 US products, worth about $60 billion, as retaliation for a recent US tariff hike, there were some noticeable exceptions, according to a news report today by Nicole Hao in the Epoch Times. […]

Mid-America exports and imports up, overall economy strong

8 May

May 7, 2019 – The April Creighton University Mid-America Business Conditions Index, a leading economic indicator for a nine-state region, receded to a still solid reading signaling positive growth for the region over the next three to six months, according to Ernie Goss, PhD, director of Creighton University’s Economic Forecasting Group and the Jack A. […]

Trump’s latest threat to raise imported tariffs from China

7 May

May 6, 2019 – According to yesterday’s news report from USA TODAY, the president proposed “implementing a 25% tax on another $325 billion in goods from China that currently “remain untaxed.” He did not specify what goods would be hit or when that tax would be imposed, aside from “shortly,” Trump said Sunday the negotiations […]

April manufacturing expanded, exports and imports contracted

2 May

May 2, 2019 – Economic activity in the manufacturing sector expanded in April, and the overall US economy grew for the 120th consecutive month, but both new export orders and imports contracted say the nation’s supply executives in the latest Manufacturing ISM Report On Business. Manufacturing itself expanded in April, as the ISM Purchasing Managers […]

Mexico ascends to become USA’s leading trade partner

1 May

April 30, 2019 – According to a recent article by Ken Roberts in Forbes, Mexico is the United States’ top trade partner – at least for now. Mexico traditionally ranks third among US trade partners, behind China and Canada. This realignment shines a slightly brighter light on the essentially dormant US-Mexico-Canada (USMCA) agreement, which House […]

New NAFTA to land $34 billion investment for US automakers says USTR

19 Apr

April 18, 2019 – According to a US Trade Representative report issued today, “USTR estimates that new capital investments attributable to the proposed US-Mexico-Canada (USMCA) trade deal by automakers and battery suppliers will total approximately $34 billion over 5 years. This figure is based on information about future investments provided by automakers, as well as […]

March Heartland business conditions, manufacturing and exports continue growth

17 Apr

April 16, 2019 – According to Ernie Goss, Ph.D., Director of Creighton University’s Economic Forecasting Group, the March Creighton University Heartland Business Conditions Index, a leading economic indicator rose to its highest level since August of last year signaling solid growth for the region over the next three to six months. “The regional economy continues […]

Singapore’s Jewel Changi Airport ready for its coming-out party

12 Apr

April 11, 2019 – Singapore’s Straits Times reported today that its USD 1.7 billion-dollar, 135,700 sq. m airport complex opens next Wednesday. Jewel Changi features a 10-storey complex with shops, restaurants, leisure attractions and facilities for travelers. Other highlights include a 40m-tall indoor waterfall and a five-story garden with 2,500 trees and 100,000 shrubs. There […]

Held & Associates, Kansas City, transitions to Savino Del Bene USA

11 Apr

April 10, 2019 – In a move that has been in the making for some time, Kansas City Freight Forwarder and US Customs Broker, Held & Associates, has formally become Savino Del Bene – Kansas City Global Logistics and Forwarding Company USA, Inc., as of 1 April. Rick Held, who founded the firm 38 years […]

USTR releases its 2019 Trade Estimate and Barriers for 61 countries

6 Apr

April 5, 2019 – The US Trade Representative (USTR) recently released its National Trade Estimate Report on Foreign Trade Barriers (NTE), reporting on the largest export markets for the US. The 2019 report covers 61 countries, along with the EU, Taiwan, Hong Kong and the Arab League. It estimates the impact on US exports, US […]

Manufacturing up. Exports and imports continue to expand at marginal levels

2 Apr

April 1, 2019 – The Institute of Supply Management (ISM) reported today that national economic activity in the manufacturing sector expanded in March, and the nation’s overall economy grew for the 119th consecutive month. ISM’s New Export Orders Index slipped to 51.7 percent in March, 1.1 percentage points lower compared to the February reading of […]

Court of International Trade rules Section 232 tariffs on steel are constitutional

27 Mar

March 26, 2019 – Husch Blackwell reported today that the Court of International Trade (CIT) yesterday issued its decision in the American Institute for International Steel’s appeal on the institution of Section 232 tariffs on steel products ruling that Section 232 tariffs are constitutional and that their decision results in the continuation of these tariffs […]

RoHS Exemption List – Assent

14 Mar

Exemption Number Exemption Text Expiration Date(s)/Category 7(c)-II Lead in dielectric ceramic in capacitors for a rated voltage of 125 V AC or 250 V DC or higher. • July 21, 2021 for All • July 21, 2023 for 8 In Vitro • July 21, 2024 for 9 Industrial and 11 7(c)-IV Lead in PZT based […]

European Commission makes 16 updates to RoHS exemption list

14 Mar

March 13, 2019 – According to a report by Assent’s Valerie Kuntz, the European Commission is issuing updates to the European Union (EU) Restriction of Hazardous Substances (RoHS) Directive exemption list. It extended nine expired exemptions and added seven new exemptions. Six of the seven new exemptions put further restrictions in place for specific categories. […]

No-deal Brexit threat to ‘billions of pounds’ of chemicals

12 Mar

March 11, 2019 – The BBC reported Friday that, “A no-deal Brexit threatens billions of pounds of chemical import,” warned the head of the Chemical Industries Association, Stephen Elliott. “Secondary legislation, needed to copy EU regulations into UK law, contains ‘significant gaps’.” “Put simply, the drugs don’t work, the cars don’t run and the planes […]

US removing GSP status from India and Turkey

7 Mar

March 5, 2019 – It appears that it will finally happen. On Monday the US Trade Representative (USTR) announced its intent to withdraw its Generalized System of Preferences (GSP) from both India and Turkey. The GSP program is designed to enhance economic growth in developing countries, providing duty-free import treatment of over 3,500 products from […]

The US manufacturing economy, exports and imports expanded in February

2 Mar

March 1, 2019 – Economic activity in the manufacturing sector rose in February, and the overall economy grew for the 118th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report on Business. “Exports continue to expand, at slightly stronger rates compared to January. The manufacturing sector continues to expand, but inputs […]

China may be slowing, but Europe is dangling over the cliff

20 Feb

February 19, 2019 – Bloomberg reported last week that Europe looks like the real weak link in the global economy. According to the report, “Industrial production across the 19-nqtion euro area is falling at the fastest pace since the financial crisis, and deteriorating demand is evident as the region finds itself squeezed between international and […]

2018 International Market Potential Assessment ranks countries

7 Feb

February 6, 2019 – Larry Cresswell, SBA Regional Manager, Export Solutions Group, in his February St. Louis USEAC Newsletter posted a top international market index from the Global Edge at Michigan State University. See this link for the full report. With a US focus, the report ranks the overall market potential of the largest […]

Forecasts point to another strong year of retail sales growth

6 Feb

February 5, 2019 – HomeWorld Business carried a report today from the National Retail Federation (NRF) forecasting strong US retail sales this year following 2018 retail sales growth of 4.6%. Despite issues including the U.S./China trade war, a volatile stock market and the effects of the government shutdown, the NRF is forecasting sales to increase […]

US manufacturing, exports and imports continued to grow in January

2 Feb

Feb 1, 2019 – According to today’s Institute for Supply Management’s (ISM) “Report on Business”, manufacturing expanded in January registering 56.6 percent, an increase of 2.3 percentage points from the December reading of 54.3 percent. “This indicates growth in manufacturing for the 29th consecutive month. ISM’s New Export Orders Index slipped to 51.8 percent in […]

China expected to surpass US as world’s largest retail market

29 Jan

January 28, 2019 – China could become the world’s top retail market this year, displacing the United States, according to a report from eMarketer today. The report forecasts that China will surpass the US in retail sales by more than $100 billion. In 2019, China’s total retail sales will grow 7.5% to reach $5.636 trillion. […]