The Trump administration plans to impose tariffs worth as much as $60 billion on Chinese products as early as this week to punish Beijing for what the U.S. perceives as intellectual property theft from American businesses, according to two people familiar with the matter.
Canada: Manufacturing slowdown could signal sluggish growth ahead
Canadian manufacturing sales dropped by one per cent or $572.4 million on a month-over-month basis in January, according to figures released Friday by Statistics Canada. According to the federal statistics agency, sales fell in 14 of 21 industries. The sectors most responsible for the decline were motor vehicles, aerospace products and parts and primary metal […]
China Pledges Action on Tech Transfer as Trump Plans Tariffs
China made further promises to protect the intellectual property of foreigners investing in its economy, addressing a long-standing grievance as U.S. President Donald Trump plans new tariffs aimed at Beijing.
IATA forecasts FTK growth against stronger trade backdrop
IATA Economics has forecast industry-wide freight tonne kilometres (FTKs) to grow by 4.9% on average over each of the next five years (2018-2022), helped by a stronger economic and trade backdrop than was the case during the previous five-year period.
Port Tracker report shows solid volumes but concerns over tariffs are looming
When assessing the current and future state of United States-bound retailer container shipments, there is a short-term outlook and a long-term outlook, based on the findings and takeaways of the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates
U.S. Oil Export Surge Means OPEC’s Output Cuts May Be Doomed
Oil risks sliding back under $60 a barrel as a surge in U.S. shipments to Asia threatens to undermine a deal between OPEC and its allies, according to ING Groep NV.
China’s Economy Grows Faster Than Expected on Strong Demand for Exports
China’s economy expanded faster than expected in the first two months of 2018, helped by strong overseas demand for Chinese goods, though economists warned trade tensions with the U.S.threaten to derail that momentum in the months ahead. (This article requires a subscription to the Wall Street Journal. To subscribe, please click on the above link.)
OECD raises Canada’s economic outlook, warns trade protectionism could hurt global growth
The OECD is raising its economic forecast for Canada amid a strengthening global economy, but also warns that tensions are appearing that could threaten global growth.
IEA sees U.S. oil output surge stealing OPEC share in next five years
U.S. shale oil output is set to surge over the next five years stealing market share from OPEC producers and moving the United States, once the world’s top oil importer, closer to self sufficiency, the International Energy Agency said on Monday.
Bank of Canada keeps key interest rate at 1.25%, underlines trade uncertainty
In explaining its decision to maintain its benchmark rate at 1.25 per cent, the central bank notes that recent trade policy developments are a key source of uncertainty for the Canadian and global outlooks.