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Showing research about European Union

20211208-steel-macro-600x427

Shimano could face higher costs if US-EU steel rhetoric plays out

The US and EU have criticized environmentally unfriendly steel exports from China in follows to the Section 232 deal last month. This could be both an initiative to extend the EU’s carbon border policies to the U.S. as well as a way to pressure China as the Phase 1 agreement from the U.S. – Ch... Read more →

20211201-freight-rates-600x395

ZIM, MSC lead 2M import growth in October

Carriers have continued to benefit from the surge in imports, increasing profits over previous years due to a positive volume and rate environment. This totaled 48.1 billion in Q3 and will likely impact the strategy and plans of carriers into the new year. Carriers are likely warry of allowing... Read more →

20211020-first-cut-us-imports-seasonal-600x422

September shows slower growth; holiday trends emerge

Imports to the U.S. in September grew by 5.1% year over year, or 17.4% when compared to 2019. The month continues the streak of exceptional import activity, now compared to the surge of late last year rather than the early year downturn. China was the top source of import growth, increasing by... Read more →

20210915-first-cut-seasonal-600x404

Healthcare and staples join technology in August import slowdown

U.S. imports increased by 4.4% from July to August, or 11.2% year over year. This was an 18.1% increase compared to 2019, indicating that the import surge is more than a pandemic recovery. August was also the second highest month of U.S. imports on record, albeit the slowdown in growth. This h... Read more →

20210908-semis-macro-600x403

GM nearshoring, still faces chip-related closures

General Motors has announced the closure of their factories in North America due to a shortage of chips, following the same issues from Toyota and Nissan in recent months. This comes even as imports of semiconductors to the U.S. have risen by 51.4% year over year in the second quarter, but lik... Read more →

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