Trade & TTIP Related

19 Dec
Chapter News, Trade & TTIP Related

DoC | U.S. Economic Development Administration Reauthorized by Congress for First Time in 20 Years

Bipartisan legislation will modernize the EDA and other regional commissions whose mission is to spur economic growth in communities across the country The U.S. Department of Commerce’s Economic Development Administration (EDA) celebrates its historic reauthorization by Congress, allowing it to continue its legacy of promoting American innovation and competitiveness by providing grants and support to communities across the country. Since 1965, EDA has led some of the nation’s most impactful programs to strengthen public works and infrastructure, job creation and workforce development,...

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17 Dec
Chapter News, New York Related News, Trade & TTIP Related

DoC | Assistant Secretary Grant Harris Advances U.S. Supply Chain Resilience Priorities in New York City

WASHINGTON, D.C. - This week, Assistant Secretary of Commerce for Industry and Analysis Grant T. Harris traveled to New York City to advance the U.S. Department of Commerce’s efforts to strengthen U.S. supply chains. During his visit, he participated in the Financial Times: Investing in America Summit and met with industry leaders to advance the Department’s mission.   At the Financial Times Summit, Assistant Secretary Harris delivered the keynote address, where he highlighted the Biden-Harris Administration’s efforts to develop stronger supply...

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16 Dec
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – AI and supply chains, air cargo predictions, surging container imports, updates for the NMFC, and how ocean carriers are winning.

Geopolitics remains one of the greatest threats to global supply chains. Is AI the solution? At present, AI is already helping to manage several challenges, including climate change, regional tensions, and trade conflicts. In the face of these and other issues, AI can improve things through predictive analytics, optimized logistics, and better resource allocation. This can help supply chains better work through complexities and align with sustainability and regulatory demands while improving visibility, decision-making, and risk management. The International Air Transport Association...

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09 Dec
Chapter News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Pushing for the resumption of shipping in the Red Sea, the ILA and USMX are back at it, a potential limiter to air capacity, the November PMI, and events that shaped the industry in 2024.

The EU’s naval commander is pushing for shipping activity to resume in the Red Sea, saying that under Operation Aspides—and with proper risk management—it would be possible for 15% of ships to return immediately. Part of his argument is that rerouting away from the region undermines the maritime industry’s resilience, adding that coordinated international efforts are needed to maintain secure shipping lanes. One of his recommendations is to transit at night with the Automatic Identification Systems turned off, hindering visual...

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02 Dec
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Spiking EU/ US air rates, sustainability regulations, more tariff talk for Canada and Mexico, a Panama Canal land bridge, and the increasing threat of supply chain scams.

Airfreight rates between Europe and the Americas have spiked in recent weeks, pushing up global air cargo prices. The main culprit seems to be reduced cargo capacity on these lanes, coupled with seasonal demand. For example, spot rates from Europe are 23% higher than they were at this time last year. Other key routes, such as Asia to the US and Europe are on the rise as well, although increases there are more moderate. Sustainability regulations and compliance are an ongoing...

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25 Nov
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Shipping under a new administration, new EU FuelEU rules, West Coast rail congestion, dropping diesel prices, and a warning from US Customs and Border Protection.

Ocean shippers may face new challenges following Donald Trump’s reelection. Getting the most attention are the proposed tariffs on imports, particularly targeting China. Higher tariffs could lead to heightened front-loading of imports and higher rates. Medium- and long-term impacts on trade routes could include a growing reliance on Mexico as an alternative entry point into the US, and concerns about the general stability of global supply chains. All of which increases the importance of better supply chain planning by importers. New...

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21 Nov
Chapter News, Trade & TTIP Related

DoC | CHIPS for America Announces up to $300 million in Funding to Boost U.S. Semiconductor Packaging

Projects in Georgia, California, and Arizona aim to strengthen America’s leadership in cutting-edge substrate technology for critical industries like AI Today, the Biden-Harris Administration announced that the U.S. Department of Commerce (DOC) is entering negotiations to invest up to $300 million in advanced packaging research projects in Georgia, California, and Arizona to accelerate the development of cutting-edge technologies essential to the semiconductor industry. The expected recipients are Absolics Inc. in Georgia, Applied Materials Inc. in California, and Arizona State University...

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19 Nov
Member News, Trade & TTIP Related

Greenberg Traurig | Trump Administration Tariffs: Considerations for U.S. and Global Companies

Donald Trump’s reelection as president of the United States raises considerations for both U.S. and non-U.S. companies importing goods into the country. Specifically, given Trump’s plan to impose “universal baseline tariffs on most foreign products” to “reward domestic production while taxing foreign companies,” what tariffs will be imposed, and what can importers do to protect themselves from the increased financial burden tariffs create? After Trump takes office on Jan. 20, 2025, supply chains most likely will be more expensive, with any...

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18 Nov
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – An end to port strikes in Canada while negotiations breakdown at U.S. ports, the impact of European supply chain disruptions, tariff hikes under the new administration, and how manufacturers can improve supply chains.

Canada’s Labour Minister has intervened after talks broke off between the B.C. Maritime Employers Association (BCMEA) and the International Longshore and Warehouse Union (ILWU) Local 514, prompting strike action. Ports have been closed in Vancouver and Montreal, raising economic concerns. Both ports have been ordered to resume operations, but the ILWU Local 514 plans to challenge the decision. The January 15 deadline for the ILA and U.S. East and Gulf Coast ports to negotiate a new contract may be in jeopardy. The sides...

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11 Nov
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – What a Trump win means for supply chains, Port issues spread in Canada, the realities of visibility, the state of sustainability, and the complex issue of port automation.

Voters in the U.S. have spoken, and Donald Trump will soon be President again. Much of the pre-election discourse was related to contrasting trade policies between the candidates, many of which will have a large impact on supply chains. Expectations for a second Trump Administration include the likelihood of more protectionist trade policies, more reliance on public/ private partnerships to support infrastructure investments, less regulation, and a different view on labor relations. And, in light of ongoing issues around automation...

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