International Trade

Ships are re-routing to avoid getting fired at by Yemen's Houthi militants.

Ships are re-routing to avoid getting fired at by Yemen's Houthi militants.

Oil giant BP has joined cargo shipowners in diverting vessels from the critical Middle East route after attacks by Yemen’s Houthi rebels.

The Biden administration plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others, part of a raft of measures released on Tuesday that seek to stop Beijing from receiving cutting-edge U.S. technologies to strengthen its military.

China loans its prized pandas to zoos around the world, helping it project soft (and cuddly) power.

Before the Ever Max ship carrying lava lamps, sofas, Halloween costumes and artificial Christmas trees could make its inaugural Panama Canal voyage this month, a historic drought forced it to drop weight by offloading hundreds of containers.

Things ain’t easy when only American ships can deliver cargo between two American ports.

A rainfall shortage in the region is creating complications for global trade.

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India recently banned the export of non-Basmati rice. What are the economics of export bans? An export ban will tend to decrease the world supply thereby raising world prices but some of the previously exported goods will flow to the domestic market reducing domestic prices, which is the typical reason for an export bans. FT: […]

At National Portrait Gallery- seeing people have made same false claims about free trade for a long time. #teachecon pic.twitter.com/UiTEDxviMR— Matthew Rousu (@MatthewRousu) July 23, 2023

Worksheet – Consumer and producer surplus, International trade, Costs and production Related news articles: Why is the world’s top milk producer looking to import more dairy products? (Quartz, April 6, 2023), and What’s going on with India’s milk economy? (eDairyNews, May 3, 2023) Summary: This w...

Always good to have this at the ready. pic.twitter.com/NA0uV0jor2— GCEE (@Georgiaecon) May 10, 2023

An American couple was caught trying to smuggle 375 POUNDS of Fruit Roll Ups into the State of Israel after prices skyrocketed once the snack became part of a viral TikTok trend. Did you pack your bags yourselves and also are they full of exclusively candy? pic.twitter.com/GtGh76Z9n9— Amy Spiro (@AmySpiro) May 1, 2023

The U.S. dollar is the dominant currency in the global financial system, but some countries are following the trend of de-dollarization.

GENEVA (AP) — The makers of Toblerone are stripping images of Switzerland's famed Matterhorn and the Swiss flag from the packaging of the milk-chocolate treat as they move some production to Slovakia.

FACT: U.S. underwear tariffs are unfair to women. THE NUMBERS: Average U.S. tariff rates,* 2022 – Women’s underwear      15.5% All underwear                 14.7% Men’s underwear            11.5% Steel                               …

According to the USDA, the U.S. is the largest consumer, producer and exporter of corn in the world. Here's how the U.S. started fueling its economy with corn.

Trump’s tariffs of 25% on foreign steel and 10% on aluminum outraged America’s long-standing allies, including the European Union and Japan.

Now is the time for Americans to make their dream home purchases abroad as the US dollar is getting stronger and stronger.

Major shipping delays and backlog of vessels after region experiences lack of rainfall in recent weeks

Great to be a greenback… When you exchange US dollars for euros, you’re going to get a lot more bang for your buck — literally. The USD is the...

The elderly patient presented with difficulty walking. The patient was referred to an orthopedic surgeon, who traced the problem to osteoarthritis in the patient’s hips, knees, and feet. An otolaryngologist saw the patient and diagnosed a malfunction of the inner ear, the organ of balance. A consultant neurologist determined that the patient was suffering from […]

The U.S. dollar is the strongest it has been in 20 years. As it strengthens, other currencies — like the pound — weaken. That's good news for U.S. consumers and importers but bad news for others.

India, the world's biggest rice exporter, is considering whether to restrict exports of 100% broken rice, government and industry officials told Reuters on Friday, after the paddy area has been reduced by a lack of rainfall.

Another painful price increase.

U.S. goods imports were worth $2.8T in 2021. From east coast to west, this visualization breaks down imports on a state-by-state basis