By Julian Lee (Bloomberg) -- It is still nearly three months until U.S. sanctions on Iran’s oil exports snap back into force, but they are already having a big impact on the Persian Gulf country’s trade. The nation’s outflow has fallen, and Iran is having to rely more on its own fleet of tankers to carry oil to its customers, according to ship-tracking data … [Read more...]
U.S., China Seek to Restart Talks to Defuse Trade War, Sources Say
By Jenny Leonard, Peter Martin and Saleha Mohsin (Bloomberg) -- The U.S. and China are trying to restart talks aimed at averting a full-blown trade war between the world’s two largest economies, two people familiar with the effort said. Representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for … [Read more...]
U.S. Border Patrol Questioned Canadian Fishermen in Disputed Waters
By Danya Hajjaji TORONTO, July 4 (Reuters) - Crew members of two Canadian fishing vessels were approached by the United States border patrol in Canadian waters in the Gulf of Maine in late June, according to the Canadian government, which is investigating the matter. "Canada continues to investigate these incidents that occurred in Canadian waters, including through engaging … [Read more...]
Trump Effort to Lift U.S. Offshore Wind Sector Sparks Interest from Europe
By Nichola Groom July 5 (Reuters) - The Trump administration wants to fire up development of the U.S. offshore wind industry by streamlining permitting and carving out vast areas off the coast for leasing - part of its 'America First' policy to boost domestic energy production and jobs. The Europeans have taken note. The drive to open America's offshore wind industry … [Read more...]
In Louisiana, Trump’s Trade War Makes Biggest U.S. Port Tremble
By Katia Dmitrieva(Bloomberg) -- To understand what a trade war means for America, go to the Mississippi. Follow the mud-brown river past Louisiana’s chemical plants, oil refineries, granaries, ports, and the rail networks and highways that spring from its fingers. Over centuries, trade on the winding waterway hailed as the great spine of the U.S. built hundreds of … [Read more...]