MANUFACTURING SLOWS IN CHINA An energy-draining heatwave, COVID-19 resurgence, and tropical storms have slowed Chinese manufacturing in recent weeks. FACTORS IMPACTING CHINESE MANUFACTURING COVID-19 Tropical Storms Heatwave COVID-19 LOCKDOWN China's no-tolerance COVID-19 policy forced lockdowns in Chengdu, part of Sichuan Province, shuttering some manufacturing operations. China recently announced an [...]
LIVERPOOL PORT CONTAINERS' WORKERS PLAN STRIKE Nearly 560 port container operations and engineer workers are planning a two-week strike from September 19 through October 3 due to disagreements over wages. Mersey Dock and Harbor Company (MDHD), a member of Peel Ports Group, oversees operations for Liverpool Port which is [...]
China’s finance ministry announced on Monday evening that it would proceed in raising tariffs on roughly $60 billion worth in American goods beginning June 1, 2019. Beijing will increase tariffs on more than 5,000 products to 20 percent or 25 percent from the previous 10 percent imposed last fall. As [...]
On November 13th, the United States Department of Commerce (DOC) announced final determinations of the anti-dumping and countervailing investigations of hardwood plywood imports from the People’s Republic of China. Merchandise subject to investigations included: Hardwood and decorative plywood; Certain veneered panels: Defined as flat, multi-layered plywood consisting of 2 or [...]
