Social distancing means people suddenly have a lot of free time. International trade makes home activities during Covid-19 – from baking to yoga – possible. Trade can help us learn a new skill, create something, or better ourselves.
Trade in live animals is listed in Chapter 1 of the Harmonized Tariff Schedule. Livestock trade (from bees to goat farming) provides extra income and improves nutrition in developing countries.
European wine is getting caught in a decades old trade dispute. But tariffs on imported wines from France, Germany, or Spain are a lose-lose for the U.S. wine industry. European winemakers may just shift their exports to avoid U.S. tariff pain and grow their market share in emerging economies like China.
Dating back thousands of years, Traditional Chinese Medicine (TCM) is now an economic driver for China. But as TCM is traded globally in the modern age, the industry will need to find a balanced approach to quality, safety, and the sustainability of precious resources. Dig into the ethics surrounding TCM trade.
Suffolk is the most caffeinated city east of the Mississippi thanks to booming coffee trade through the nearby Port of Virginia. Here’s a look at how trade drives economic development in this flourishing coffee cluster.
Considered precious and therefore a source of great power, ancient civilizations invested enormous symbolism, prevented famine, waged wars, built and lost empires over salt for thousands of years. But now that salt is readily available almost everywhere on Earth – why do we still trade so much of it?
Ripe olives are a critical ingredient for olive oil. They’ve also been ripe with trade tension over the past two years. Spanish black olives, green olives and olive oil have all been embroiled in two recent trade disputes between the United States and the European Union (EU), resulting in higher tariffs and increased prices of Spanish olives and olive oils for U.S. consumers.
Responding to U.S. tariffs, China has imposed a 25 percent tariff on U.S. soybeans since July last year. The tariff has remained in place as leverage in the trade war – a proxy for whether China perceives progress is being made or not in the negotiations.
Many American farmers and ranchers breathed a sigh of relief when the United States and Japan formally signed a U.S.-Japan Trade Agreement in September. However, U.S. agricultural producers are not completely out of the woods.
Pomegranates figure prominently every Jewish New Year. Thanks to trade we can enjoy them nearly all year-round. But in order to continue enjoying a variety of foods – and sustain basic crop production – growers must have access to a variety of high-quality seeds.