The civil war raging in Syria for eight years now has taken an immense physical, social and economic toll on the country. The longer conflict persists, the deeper the separation from global society, and the harder it will be to rebuild the economic mechanisms and institutions necessary to increase trade and encourage economic growth.
Simple in appearance, pleasantly sweet, nutritious, and nearly universal in appeal, that Cavendish bunch of bananas on your counter comes off as pretty unassuming. In reality, it has been through jungle wars and trade wars and now sits on the precipice of extinction. Growing to love more varieties could help save trade in bananas.
China is stockpiling its rare earths production. Does China think the United States is trying to contain China’s economic expansion? Threatening to withhold rare earths exports could be China’s way of digging into this trade war with the United States.
Turmeric is the new “it” spice. While things are golden for trade in turmeric, less can be said for U.S.-India trade relations as a whole. Tensions have been heating up over the past few years, culminating in the recent announcement from the White House that India could soon be terminated from the U.S. Generalized System of Preferences (GSP) program.
Champagne is the drink of choice to celebrate many of life’s milestones and one country in particular benefits the most from this tradition: France. The European Union wants to ensure through trade agreements that only sparkling wines produced in the Champagne region of France can be labeled by law as Champagne.
Few Americans associate cheddar cheese with its ancestral home: Cheddar, in Somerset County, Britain. The name Cheddar, originally designating a unique geographic location, evolved into a generic description as the cheese was produced all over the world. And therein lies the heart of a modern trade dispute over “geographical indications,” or GIs for short.
It’s not so easy to find paint-by-number kits these days outside of the Smithsonian Museum of American History, though there’s a limited selection on Amazon. Who makes the brushes, canvases, and little tubs of plastic acrylic paints? Half of the world’s brushes and painting canvases are shipped from China. Here’s a story about how digging into the source of your favorite hobby materials can lead you on a tale of unfair trade.
In 2016, the United States imported $1.3 billion worth of natural rubber, second only to China as the world’s largest importer. But America’s largest rubber band manufacturer has asked U.S. trade agencies to investigate whether China, Thailand, and Sri Lanka are subsidizing their producers, enabling them to sell unfairly cheap rubber bands.
If you’re a millennial like me, odds are your refrigerator and recycling bin are currently jammed full of colorful cans and bottles of sparkling water. But an ongoing trade dispute about beef could directly affecting the choice of sparkling water available on your grocery store shelves.
A whopping 20 percent of the nearly 400 million pounds of cranberries we consume per year are eaten during Thanksgiving week alone. It’s a logical growth strategy to share our love of cranberries with global eaters year-round, but without a trade agreement with our largest markets, we could lose out to growers from other countries.