Follow for a steady stream of the latest news in global trade.
Joined May 2023
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- Following79
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Global Trade Guy retweeted
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Weakness in the RMB is a good illustration of the policy dilemma Beijing faces. On the surface, a weaker RMB seems like it might boost growth by making Chinese manufacturing exports more competitive internationally.
english.news.cn/20230621/7f8…
Not a surprise. #Transportation companies should not expect much seasonal pickup later this year from #globaltrade.
freightwaves.com/news/trade-…
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Honestly didn't see this coming! I would've expected #China to be more enticing as the economy reopened.
Inflation in the west, deflation in the east.....sounds like the start to a real bad rap album reuters.com/markets/asia/slo…
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This is in line with decades of US policy but seems to be back pedaling a bit from Biden's comments last September.
Then, Biden said that the US would come to Taiwan's defense if China were to launch an unprovoked attack on the island.
A sign of times to come?
AstraZeneca planning China business spin off, Financial Times reports reuters.com/business/healthc…
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He thinks the chaos in UK's economy was caused by Boris Johnson's resignation?
Not quite that simple
"There's an economic hit"
The chaos sparked by Boris Johnson's resignation is damaging the UK in the eyes of "many investors," says Labour's Keir Starmer, who adds the Conservatives now face three by-elections sparked by "political tantrums" bloom.bg/3Jawa8p
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Global Trade Guy retweeted
Largest companies by market cap:
🇺🇸 Apple: $2.8 trillion
🇺🇸 Microsoft: $2.5 trillion
🇸🇦 Saudi Aramco: $2 trillion
🇺🇸 Alphabet: $1.57 trillion
🇺🇸 Amazon: $1.25 trillion
🇺🇸 NVIDIA: $990 billion
🇺🇸 Berkshire: $700 billion
🇺🇸 Meta: $672 billion
🇺🇸 Tesla: $634 billion
🇹🇼 TSMC: $516 billion
🇺🇸 Visa: $454 billion
🇺🇸 UnitedHealth: $445 billion
🇫🇷 LVMH: $437 billion
🇺🇸 Exxon Mobil: $414 billion
🇺🇸 Eli Lilly: $402 billion
🇺🇸 Johnson & Johnson: $400 billion
🇺🇸 JPMorgan Chase: $395 billion
🇺🇸 Walmart: $391 billion
🇨🇳 Tencent: $377 billion
🇩🇰 Novo Nordisk: $361 billion
🇰🇷 Samsung: $359 billion
🇺🇸 Mastercard: $340 billion
🇺🇸 Broadcom: $335 billion
🇺🇸 Procter & Gamble: $334 billion
🇨🇭 Nestle: $320 billion
🇨🇳 Kweichow Moutai: $291 billion
🇺🇸 Chevron: $287 billion
🇺🇸 Home Depot: $287 billion
🇳🇱 ASML: $285 billion
🇺🇸 Oracle: $283 billion
🇺🇸 Merck: $276 billion
🇺🇸 Coca-Cola: $257 billion
🇨🇭 Roche: $256 billion
🇺🇸 PepsiCo: $250 billion
UK signs second #FTA with Indo-Pacific country. It signed one with Australia in December 2021.
It's part of an effort to diversify their interests away from Europe.
New Zealand-UK Free Trade Agreement to Start Benefiting Exporters -NZ PM money.usnews.com/investing/n…
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Interesting that stories about Jamie Dimon and Jeffrey Epstein are coming up the same day that Dimon says he would consider running for public office.
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Whoa
The world’s first fossil-free steel comes from Sweden🇸🇪
The fourth meeting of the 🇪🇺-🇺🇸 Trade & Technology Council #TTC kicked off today with a visit to the HYBRIT pilot plant in Luleå, Sweden.
The HYBRIT technology can help reduce emissions from steel production worldwide.
ALT EU commissioners and ministers from the EU and Sweden at the HYBRIT site. Photo: Josefine Stenersen
ALT EU commissioners and ministers from the EU and Sweden at the HYBRIT site. Photo: Josefine Stenersen
ALT EU commissioners and ministers from the EU and Sweden at the HYBRIT site. Photo: Josefine Stenersen
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Chickety China, the Chinese chicken. @barenakedladies
12 years after entering China, @Cargill is pulling out. Cites growing feed costs due to the Ukraine War as the primary reason.
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Call me Danny Zuco because IT'S ELECTRIFYING!
EU & U.S AGREE ON 1ST EVER TRANSATLANTIC STANDARD!
At 4th 🇪🇺-🇺🇸 Trade & Tech Council, we signed off on Megawatt Charging System standards for electric vehicle trucks.
This can pave the way for an open, non-proprietary global standard to decarbonise transport worldwide.
#TTC
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Businesses in China must increasingly focus on how their priorities align with the Communist Party rather than only profits.
US-China tensions will have different implications for their economies bloomberg.com/news/newslette… via @economics
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Finally, some positive outlook around global trade!
#globaltrade #cargocarriers #maritime
The near-term outlook for global trade doesn’t look so ominous, say two executives of major cargo carriers bloomberg.com/news/newslette… via @business
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Top 3 goods exported from United States to EU?
1. Natural Gas
2. Crude oil
3. Pharmaceuticals
🇪🇺🤝🇺🇸 The EU and the US enjoy a 1.4 trillion euro trade relationship, one of the most important in the world.
The trade & tech council in Sweden builds on that relationship and makes our economies ready for the green and digital transformation. #TTC
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