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Port of Long Beach CEO on the trade outlook as Chinese import decline intensifies
CNBC Television· 2025-11-20 13:54
Mario Cordero, chief executive at the Port of Long Beach, tells CNBC's Lori Ann LaRocco that a record year for freight volumes driven by frontloading of trade has given way to a recent steep drop in Chinese imports. He is hoping the recent pause in trade hostilities between the U.S. and China helps. ...
It’s been a record year at Port of Long Beach, but the trade surge is over
CNBC Television· 2025-11-20 13:51
looking at the uh items on the water. When it comes to the containers, vision platform is seeing a decrease in containers coming uh to the United States for November and December. What are you specifically seeing as it relates to vessel calls and uh TEUs or containers coming to the port.>> Well, we're also seeing that decrease, Laurian. You know, uh the first nine months we were up about 6.8% 8% almost 7% from our volume or record volume in 2024 year to year. Now that we move towards October, uh now we're t ...
X @Bloomberg
Bloomberg· 2025-11-20 04:26
Global Economic Impact - Trump's policies are destabilizing the global economy, impacting Singapore's open trade model [1] Singapore's Position - Singapore's success relies on open trade, talent, and trust, which are now being challenged [1] - The New Economy Forum, held in Singapore, addresses these challenges [1]
X @Bloomberg
Bloomberg· 2025-11-20 00:02
RT Bloomberg New Economy (@BBGNewEconomy)"Japan is the number 1 trusted trade power in Southeast Asia."H.E. Lawrence Wong, Prime Minister of Republic of Singapore on Japan playing a bigger role in their region at #BloombergNewEconomy.⏯️https://t.co/Sqkf8dJOyf https://t.co/mhJ4mXykfe ...
X @Bloomberg
Bloomberg· 2025-11-19 22:32
Canada and its 13 provinces and territories agreed to knock down more hurdles to trading internally, as the country tries to reduce its reliance on the US amid a punishing trade war https://t.co/q7Cf6lkc6z ...
X @Bloomberg
Bloomberg· 2025-11-18 21:24
Canada and Sweden announced a strategic partnership to deepen cooperation on defense and trade, as the North American nation looks to reduce its dependence on the US for military equipment and as an export market https://t.co/0JO4iPh7ii ...
LIVE: Trump meets with Saudi Arabia’s Crown Prince Mohammed bin Salman at the White House — 11/18/25
CNBC Television· 2025-11-18 18:05
President Donald Trump participates in a bilateral meeting with Saudi Arabia’s Crown Prince Mohammed bin Salman at the White House on Tuesday. The leaders expected to discuss the deepening of defense, trade and technology ties as well as cooperation in the fields of artificial intelligence, security and nuclear energy. The trip follows Trump’s visit to Saudi Arabia in May in which the kingdom made a $600 billion trade and investment commitment to the U.S. Analysts say Trump will be looking to cement those p ...
LIVE: Trump meets with Saudi Arabia’s Crown Prince Mohammed bin Salman at the White House — 11/18/25
CNBC Television· 2025-11-18 15:50
President Donald Trump participates in a bilateral meeting with Saudi Arabia’s Crown Prince Mohammed bin Salman at the White House on Tuesday. The leaders expected to discuss the deepening of defense, trade and technology ties as well as cooperation in the fields of artificial intelligence, security and nuclear energy. The trip follows Trump’s visit to Saudi Arabia in May in which the kingdom made a $600 billion trade and investment commitment to the U.S. Analysts say Trump will be looking to cement those p ...
Trump to Cut Tariffs on Beef, Tomatoes, Coffee to Lower Prices
Bloomberg Television· 2025-11-14 20:00
Trade Policy Changes - The U S government is considering eliminating or reducing tariffs on certain food products, like beef, coffee, and tomatoes, that the U S either doesn't produce or doesn't produce enough of [2][3] - The U S and Switzerland have reached a preliminary trade agreement to lower tariffs on many Swiss goods, including watches, from 39% to 15% [7] - Switzerland is committing to a $200 billion investment pledge over five years, with $67 billion (one-third) in the next year in the U S [9] Trade Agreement Status - The administration is working to finalize trade deals with various countries, with India being one of the remaining countries without a deal [11] - Canada and Mexico are in a separate category due to the USMCA, which provides them with lower average effective tariff rates [12][13] Tariff Impact & Strategy - The tariff exclusions acknowledge the impact of tariffs on prices, a point previously downplayed by the Trump administration [5] - The scope of the tariff exclusions is still unclear, including which countries and products will be affected [5][6]