On March 23rd the massive shipping vessel known as Ever Given became wedged in the banks of the Suez Canal blocking passage for six days. An estimated 422 ships were stuck waiting at the entrance of the canal for the Ever Given to be dislodged. In the aftermath, may questions still remain. How did this […]
What is going on with all these tariffs? For the past two years, tariffs have been a major news story since President Trump started adjusting them in 2018. Discussions began with China in January 2020 to institute new trade agreements. However, negotiations have been at a standstill since then, leaving people wondering what will become […]
It would be an understatement to say that 2020 has been a crazy year for the shipping industry. The COVID-19 outbreak that started early in the year is still affecting businesses and economies around the world with restrictive shipping regulations between countries. At the same time people are relying on online shopping more than ever […]
On July 1, 2020 the United States-Mexico-Canada Agreement (USMCA) will replace North American Free Trade Agreement (NAFTA). The new trade agreement updates policies to account for new technology and changes in the economy. The USMCA contains new laws related to intellectual property, e-commerce, and the internet which were not written into NAFTA. What does this […]
It takes a real logistical genius to deliver presents to everyone in the world in one night. He goes by many names, St. Nicholas, Kris Kringle, but he is most commonly referred to as Santa Claus. How did a man born in Turkey hundreds of years ago become the owner of one of the largest […]
The U.S distributed $2.3 trillion in exports for 2018. That is almost half of the overall foreign trade amount of $5.2 trillion. 2018 is on track to have a big year as well, despite it being a contentious time for trade. The U.S. raised tariffs on imported goods and other countries have responded by raising […]