Jan 9 (Reuters) - The number of U.S. liquefied natural gas vessels that went to China in 2018 fell by around 20 percent from the prior year as the trade war between Beijing and Washington heated up. In recent weeks, however, that dispute has cooled somewhat with talks in China this week between Chinese and U.S. trade teams raising hopes additional tariffs can be … [Read more...]
U.S. Sees Trade Deal Within Reach as China Dispatches Top Aide
By Andrew Mayeda, Kasia Klimasinska and Jenny Leonard (Bloomberg) -- The Trump administration expressed optimism it can reach a “reasonable” trade deal with China as President Xi Jinping dispatched one of his top aides to negotiations in Beijing on a lasting truce to a conflict that has roiled financial markets. “There’s a very good chance that we’ll get a … [Read more...]
Trump’s Trade War Comes With an Unexpected Bonus: More Trade
By Shawn Donnan (Bloomberg) -- A few days before Christmas, the container ship “SM Shanghai” was steaming toward California’s Port of Long Beach. Just ahead and coming to the end of an 11-day journey from China, the “Ever Lucent” was headed for the nearby Port of Los Angeles, where the “Thomas Jefferson” was preparing to sail in the opposite direction for Xiamen. The global … [Read more...]
Port of Los Angeles On Track to Surpass 9 Million TEU This Year, But November Volumes Down
America's busiest container port, the Port of Los Angeles, processed 832,331 Twenty-Foot Equivalent Units (TEUs) in November 2018 putting it on track to once again surpass 9 million TEUs this year. November marked the fifth consecutive month volumes exceeded 800,000 TEUs and the sixth busiest month in the Port’s history. Compared to November 2017, however, November 2018 … [Read more...]
U.S. Confirms China Soybean Purchase, But No Clarity Over More Sales
By Julie Ingwersen and Humeyra Pamuk CHICAGO/WASHINGTON Dec 13 (Reuters) - U.S. government officials on Thursday hailed China's first meager purchase of U.S. soybeans since its trade war with the United States began in July and said they hoped for, but could not guarantee, more to come. The U.S. Department of Agriculture (USDA) announced private sales of 1.13 million … [Read more...]