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Chinese traders in American cars find temporary relief in trade war truce

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In the northeastern Chinese port city of Tianjin, grey market traders of American-made cars, badly stung by the US-China trade war and punitive tit-for-tat tariffs, are scrambling to take advantage of an opportunity they fear may prove only temporary. At a car “supermarket” near the city’s busy harbour, importers said they were rushing to get “Made in America” cars through ... Read More »

Pence visits U.S. Customs and Border Protection headquarters

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US : Vice President Mike Pence is visiting U.S. Customs and Border Protection (CBP) headquarters in Washington, D.C., amid a government shutdown which has left CBP officers and other federal workers on furlough or working without pay. Pence is visiting CBP with Department of Homeland Security Secretary Kirstjen Nielsen. The Trump administration is currently locked in a stalemate with congressional ... Read More »

U.S. oil export boom sparks a battle to build Texas ports

Oil storage tanks at the pumping station. The Samotlor oil field near Nizhnevartovsk, Russia, March 20, 2017.
Samotlorneftegaz is one of the largest extracting enterprises of Rosneft, which is developing the central and south-western part of the Samotlor oil and gas field, one of the largest fields in Russia.
The area of the license block of Samotlor, developed by Samotlorneftegaz is 1,751 sq. meters. At the field there are about 8,300 production wells and more than 2,700 injection wells, with the latest high-tech equipment. The length of the oil pipelines – 1,140 km, water pipelines – 1,223 km, other pipelines – 2,833 km.

CORPUS CHRISTI, TEXAS, Jan 10 (Reuters) – Booming U.S. oil exports have set off a scramble to build Gulf Coast ports to handle more than 3 million barrels per day in new supplies expected over the next five years. Of seven proposed oil-export projects, nowhere is the opportunity greater or the competition more fierce than in Corpus Christi, Texas, where ... Read More »

US: Largest shipment arrived at Port of Wilmington

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Wilmington : The season’s shipment of Chilean winter fruit arrived at the Port of Wilmington on December 27th. The shipment, brought by a refrigerated vessel known as the Star Best, contained over 676,000 boxes of fresh table grapes, peaches, nectarines, apricots, and plums, adding to the 12,550,000 boxes of Chilean fruit during the 2017-18 season. “We are grateful to Wilmington ... Read More »

Overstock Becomes the First Major US Company to Pay Business Tax in Bitcoin

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US : The cryptocurrency-friendly company Overstock.com announced on Thursday that company will be paying part of its business taxes to the state of Ohio using bitcoin. Overstock will use the state’s Ohiocrypto.com website to pay for the corporation’s commercial activities tax this year. Last November, the U.S. state of Ohio launched a payment portal that allows businesses to pay taxes ... Read More »

Trump’s trade war has an unexpected bonus

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Shanghai : A few days before Christmas, the container ship “SM Shanghai” was steaming toward California’s Port of Long Beach. Just ahead and coming to the end of an 11-day journey from China, the “Ever Lucent” was headed for the nearby Port of Los Angeles, where the “Thomas Jefferson” was preparing to sail in the opposite direction for Xiamen. The ... Read More »

China Green Light on U.S. Rice Seen as ‘Goodwill’ Trade Gesture

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China, the world’s top rice producer and consumer, is allowing imports of the grain from the U.S. in a move seen as “a goodwill gesture” while negotiations continue to resolve a trade war between the two countries. Registered U.S. suppliers can export rice to the Asian country with effect from Dec. 27, according to a statement from China’s customs administration ... Read More »

Volume Growth Continues at Nation’s Ports as US, China Resume Trade Talks

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The nation’s ports continued to see steady growth in November cargo volume, as shippers moved goods to the United States from overseas in advance of the holiday shopping season and rushed to get cargo stateside ahead of expected tariffs on shipments from China. The South Carolina Ports Authority said its facilities in November handled 188,585 20-foot equivalent units, or TEUs, ... Read More »

US reviews report of imports from forced labor in China camp

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BEIJING : The U.S. government said Tuesday that it is reviewing reports of forced labor at a Chinese internment camp where ethnic minorities are sewing clothes that have been shipped to the U.S. market. U.S. Customs and Border Protection said in a statement that reporting by The Associated Press and other media “for the first time appears to link the ... Read More »

U.S. cannabis companies to steal Canada’s thunder in 2019

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Canada : If 2018 was the year of Canadian cannabis, 2019 will be America’s time in the marijuana spotlight. Since Canada legalized recreational pot in October, investor interest has been rapidly shifting south of the border on the expectation that it won’t be long before the U.S. follows suit. Currently, recreational marijuana is legal in 10 states, plus Washington D.C., ... Read More »

US Customs Finds 70 Finches in Hair Rollers

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Customs officials at New York’s John F. Kennedy International Airport say they found 70 live finches hidden inside hair rollers. Authorities say a passenger arriving from Guyana on Saturday had the songbirds in a duffel bag. The New York Times reports officials believe the birds were brought to the U.S. to participate in singing contests. Customs officials say people bet ... Read More »

Exclusive: China’s Unipec to buy U.S. oil after Xi-Trump tariff truce

Donald Trump the campaigner talked tough on China: He threatened to slap tariffs of 45% on Chinese exports, and promised to label Beijing a "currency manipulator."Full credit: Ian Berry/CNNMoney/Shutterstock

BEIJING/SINGAPORE: Chinese oil trader Unipec plans to resume U.S. crude shipments to China by March after the Xi-Trump deal at the G20 meeting reduced the risk of tariffs being imposed on these imports, three sources with knowledge of the matter said. The sources told Reuters that Unipec – trading arm of state refiner Sinopec (600028.SS) – is looking to import ... Read More »

China Defrauded Sri-Lanka To Seize Hambantota Port: US Lawmaker

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Colombo : Sri Lanka was forced to hand over the strategic Hambantota Port to China, due to Beijing’s debt-trap policies. This was stated by a powerful US lawmaker on Tuesday sought an end to the Chinese debt trap. China was defrauding small countries with nonviable infrastructure projects and was charging exorbitant rates that the poor countries could not afford, alleged ... Read More »

U.S.-bound retail container volume set new record, says Port Tracker

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United States-bound retail container imports hit a new record in October, according to the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates this week. The ports surveyed in the report include Los Angeles/Long Beach, Oakland, Tacoma, Seattle, Houston, New York/New Jersey, Hampton Roads, Charleston, and Savannah, Miami, Jacksonville, and Fort Lauderdale, Fla.-based Port ... Read More »

Trump’s business ties to Russia stretch back more than 30 years, from big building projects to beauty pageants

US President Donald Trump and Russia's President Vladimir Putin attend a joint press conference after a meeting at the Presidential Palace in Helsinki, on July 16, 2018. / AFP PHOTO / Brendan SMIALOWSKI

Moscow : An earlier version of this story mischaracterized Donald Trump Jr.’s testimony to the Senate Judiciary Committee ?related to the timing of Trump Tower talks in Moscow. President Donald Trump’s interest in developing luxury real estate in Moscow stretches back decades, according to court documents, his public statements and interviews with Trump. Trump’s long-standing ties to Russia are back ... Read More »

US customs officers intercept $1.7M in fake Nike sneakers from China

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US : More than 9,000 pairs of fake Nike sneakers were found by U.S. customs officers during a standard inspection of incoming mail from China last Thursday, according to Customs and Border Protection. Officers at CBP’s Port of New York/Newark found 9,024 pairs of the designer athletic shoes while looking through packages that had just come into the United States ... Read More »

US ports express reluctance to pay for new customs facilities

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US: The American Association of Port Authorities has criticised US Customs and Border Protection (CBP) policies requesting port authorities to build and incur the costs of BCP staffing facilities at ports. The AAPA said that the CBP should not be seeking ways to build new facilities while there continues to be a shortage of CBP officers for maritime activities. In ... Read More »

Greencore completes €863m sale of US business to Hearthside

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Us : Convenience food group Greencore said on Monday that it has completed the sale of its entire US business to rival Hearthside for € 863 million. The group first announced the sale of the business back in October, when it said it would sell its entire US business, which had sold sandwiches, salads and sushi to customers including Starbucks ... Read More »

Marc Benioff defends Salesforce’s contract with Customs and Border Patrol

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US:Salesforce CEO Marc Benioff has faced criticism about his company’s contract to sell software to the U.S. federal immigration agency, Customs and Border Patrol. Earlier this year, hundreds of Salesforce employees signed a letter urging Benioff to cancel the contract because of the agency’s role in enforcing President Trump’s controversial family separation border policy; Salesforce has denied that its software ... Read More »

U.S. Sanction Waivers Boost China’s Demand For Iranian Oil

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Shanghai : Iran’s largest oil customer China is set to continue importing robust volumes of Iranian crude at least through the end of this year thanks to the U.S. waivers to eight countries that will allow them to keep importing oil from Tehran at reduced volumes until early May next year. To be sure, even before the U.S. granted the ... Read More »