A Boeing 737 Max aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. Peter Cziborra | Reuters Boeing handed over 27 airplanes to its customers last month as it continues to struggle with quality-control problems and production delays that have frustrated the CEOs of some of its biggest airline … Read more
Former President Donald Trump ‘s promise of tougher China tariffs if elected again could make doing business in the world’s second-largest economy more difficult for American companies like Starbucks which are already facing tough competition from lower-cost domestic competitors. “I fully believe in them [tariffs] economically when you’re being taken advantage of by other countries,” … Read more
Global logistics companies tell CNBC they have started the planning for a potential Trump win in November and the strategies that will be needed to mitigate any additional tariffs, with Mexico a key import gateway for any escalation in the trade war against China begun under Trump and continued during the Biden presidency. The planning … Read more
Proclaiming that “I’m a big believer in tariffs,” former President Donald Trump on Monday indicated he’s likely to reinstitute duties on foreign goods should he win election to a second term. In a CNBC interview, Trump cited both economic and political benefits from targeting foreign goods entering the U.S. “I fully believe in them economically … Read more
India flag, stock market, exchange economy and Trade, oil production, container ship in export and import business and logistics. Texbr | Istock | Getty Images India will lift most tariffs on four nations in Europe in a “watershed” deal that is expected to yield $100 billion worth of investment over 15 years and one billion … Read more
The potential for a strike by the largest union of maritime workers in North America, the International Longshoremen’s Association, is beginning to rise on the list of concerns among logistics decision-makers and advisors in a year already fraught with a multitude of trade uncertainties. Red Sea diversions and Panama Canal drought restrictions are already influencing … Read more
TV broadcast speech of Yemen’s Houthi Spokesperson Yahya Sare’e, on March 4, 2024, in Sana’a, Yemen. Mohammed Hamoud | Getty Images News | Getty Images Three people were killed in a Houthi attack against a civilian merchant ship, U.S. authorities said, marking the first lives claimed since the Iran-backed militant group began targeting the Red … Read more
Chinese Foreign Minister Wang Yi in 2019. Mark Kauzlarich | Reuters BEIJING — China’s top diplomat slammed the U.S. for worsening bilateral tensions, while reiterating Beijing’s support for peaceful resolutions to the Middle East and Russia-Ukraine conflicts. “There is some progress in the China-U.S. bilateral relationship, but we have to point out that U.S. continues … Read more
A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. Dado Ruvic | Reuters American semiconductor company Advanced Micro Devices has failed in getting a made-for-China AI chip past U.S. regulators and will need to apply for an export license, Bloomberg reported Tuesday. The report … Read more
Russia’s President Vladimir Putin and Chinese President Xi Jinping shake hands during a meeting in Beijing on October 18, 2023. Sergei Guneyev | Afp | Getty Images Munich, GERMANY â The U.S. is considering slapping sanctions on Chinese companies it believes are helping Russia fuel its war in Ukraine, members of Congress told CNBC, marking … Read more
