Global Shipping Crisis: The Impact of Tight Berths and Soaring Freight Rates on the Supply Chain
November 7, 2024 10:48
If Trump wins the election in 2024, how will the high - tariff policy affect the global economy?
Donald Trump won the 2024 US presidential election and promised to implement a high - tariff policy, which has a significant impact on US domestic consumption and the global economy. Research by the National Retail Federation of the United States shows that the implementation of tariffs could cause US consumers to lose up to $78 billion in purchasing power annually, affecting holiday sales. In addition, high tariffs may trigger a Sino - US trade war, shrinking the global GDP and increasing economic pressure on various countries. The US agricultural sector also faces losses of billions or even tens of billions of dollars.
In line with the International Energy Agencys Net - Zero Roadmap,
I. Customs inspection objects
The Photovoltaic Industry in Belgium Booms, Accelerating Energy Transition
The photovoltaic industry in Belgium has developed rapidly in recent years and has become an important force in promoting the countrys energy transformation. Photovoltaic power generation, with its characteristics of high efficiency, cleanliness, safety and low cost, has been highly recognized by the government and the market. However, there are still huge challenges such as a large funding gap in achieving energy transformation.
The strike at ports on the west coast of Canada impacts the US supply chain: the impact lasts for months.
Facing the EUs decision to impose countervailing duties on Chinese electric vehicles, the UK has chosen not to follow suit, adhering instead to an open and cooperative policy. This move has garnered widespread support within the industry and is seen as key to promoting mutual benefit and win-win outcomes between China and the UK. By maintaining low tariffs on Chinese-made electric vehicles, the UK government aims to attract more high-quality products into the market, drive technological innovation and industrial upgrading, while also demonstrating its independence and strategic thinking in global trade policy.
South Korea and Vietnams exports recover, and global demand gradually recovers.
The latest export data of South Korea and Vietnam have been analyzed. The export recovery of these two countries has revealed new hope for the global economy. As an important part of world trade, the export growth of South Korea and Vietnam shows that global demand is gradually recovering, bringing new hope to global investors and policymakers.
The Sino - EU Electric Vehicle Trade War Escalates: China Appeals Against EU Anti - subsidy Duties
The Chinese government has officially appealed to the World Trade Organization against the EUs imposition of high counter - vailing duties on Chinese electric vehicles. This case not only intensifies the tension between China and the EU in the electric vehicle trade field but also triggers widespread concern in the global market about the future trade trend. The Chinese Ministry of Commerce emphasizes that it will resolutely safeguard the legitimate rights and interests of Chinese enterprises and urges the EU to correct its illegal behavior.
Could Trumps Tariff Policy Cost US Farmers Billions? Are Brazilian Farmers the Biggest Winners?
As the US presidential election approaches, Trumps tariff policies have raised concerns in American agriculture, potentially causing billions in losses for US farmers. Meanwhile, Brazilian farmers are poised to become the biggest winners, capturing market share from US agricultural products. This article analyzes the impact of Trumps tariff policies on US agriculture and the global agricultural market, exploring the development prospects of Brazilian agriculture.
Frances Counter - measures against EU Electric Vehicle Tariffs: Brandy Faces Temporary Anti - dumping, and the Shadow of a Trade War Shrouds Europe
The French government expressed strong dissatisfaction with Chinas temporary anti - dumping measures on brandy, calling it unacceptable. This shift in stance highlights the complex situation within the EU regarding trade policies towards China. Sophie Primas, the deputy minister of the French Ministry of Trade, plans to visit China to oppose this purely political stance. This move comes during the US presidential election, making the trade disputes even more complex. The EUs additional tariffs on China not only affect the electric vehicle industry but also other high - value French export products.
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