This is no charade. The fact is, global growth is slowing, and rapidly. Bets on global recession are multiplying. And it’s no longer just the bellwether signals going south; measured activity is also sliding at an alarming rate. Like an approaching storm, is the weakening inevitable?
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U.S.-China Trade War Has Increased Consumer Prices, Imports from Other Countries
November 8, 2019
U.S. tariff increases have resulted in a substantial decline in imports from China and a corresponding increase in shipments from the European Union, Mexico, Taiwan, and Vietnam, according to a new report from the United Nations Conference on Trade and Development. The report also finds that the tariffs are hurting the U.S. in the form of higher consumer prices.
Canadian international merchandise trade, September 2019
November 7, 2019
Canada's imports fell 1.7% in September, while exports declined 1.3%. As a result, Canada's merchandise trade deficit with the world narrowed from $1.2 billion in August to $978 million in September.
China to resume imports of Canadian beef and pork
November 7, 2019
China will resume imports of Canadian beef and pork, Prime Minister Justin Trudeau said on Tuesday, some four months after Beijing blocked shipments amid an escalating diplomatic feud between the two countries.
“Good news for Canadian farmers today: Canadian pork and beef exports to China will resume,” Trudeau tweeted.
CBSA Message: TCC19-112– UPDATE - Natural Resources Canada (NRCAN) - HS codes as of December 12, 2019
November 6, 2019
Clients Affected: All clients and service providers who transmit trade data using EDI.
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