President Donald Trump said on Wednesday that he has "potential" trade deals with India, South Korea and Japan as he seeks to convert his tariff policy into trade agreements. Trump’s top trade advisor Peter Navarro said Wednesday that the White House is moving in "Trump time" as they negotiate a...
U.S. Companies Are Diversifying Supplier Networks
60% of companies are not only investing in technology but also restructuring supply chains to enhance resilience and adaptability, according to a study reported in Global Trade magazine. 47% of respondents cited global trade disruptions and rising tariffs as major threats. To counteract these disruptions, companies are implementing major operational...
Challenges of China’s Subsidized Exports for India
An article from the Economist discusses how China's export of subsidized goods is posing a significant threat to manufacturing industries in developing countries, including India. As Chinese products flood these markets at extremely low prices, emerging economies are implementing import restrictions and tariffs to protect their domestic manufacturers. India has...
India Offers to Reduce Import Tariffs on Dairy, Chicken
India has offered to partially open up its poultry and dairy markets in a bid for a limited trade deal during U.S. President Donald Trump's first official visit to the country this month according India's Economic Times newspaper. India has offered to allow imports of U.S. chicken legs, turkey and...
Trump Wants U.S. Companies to Find an Alternative to China
Shortly after China announced that it planned to respond to increasing U.S. tariffs on Chinese goods by imposing retaliatory tariffs of 5 to 10 percent on $75 billion worth of U.S. goods, President Trump "ordered" U.S. companies to pull out of China. "Our great American companies are hereby ordered to immediately...
Walmart Considers Sourcing Goods Outside of China
Walmart has instructed vendors that supply the company beauty products to look beyond China for sourcing. The list of Chinese goods that could have additional tariffs levied includes lipstick, eye makeup, powders, shampoo and other hair care products. Walmart asked suppliers if they have facilities outside of China, and if...