Global Trade Deficit Grows in North America and Europe

Global Trade Deficit Grows in North America and Europe

Hackett Associates' "Global Trade Pulse" report reveals a widening import-export gap in North America and Europe, reflecting a growing global trade imbalance. The report analyzes import and export data, influencing factors, and potential risks. It proposes strategies to address the trade imbalance, emphasizing the importance of international cooperation and policy adjustments. The widening gap highlights the need for proactive measures to mitigate potential economic consequences and foster a more balanced and sustainable global trading system. The report serves as a crucial resource for policymakers and businesses navigating the complexities of international trade.

01/15/2026 Logistics Industry Insights
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Ireland Overhauls Biopharma Tariffs to Spur RD and Trade

Ireland Overhauls Biopharma Tariffs to Spur RD and Trade

Ireland has released a biopharmaceutical tariff adjustment plan aimed at reducing R&D and compliance costs, and strengthening its global competitiveness. The new policy focuses on tax reductions for R&D equipment, adaptation to new EU regulations, incentives for high-value drug exports, and restrictions on low-value-added product exports. This move aims to address challenges such as the impact of new EU regulations and increased global competition. It is expected to promote the quality and efficiency of Ireland's biopharmaceutical industry, optimize the global trade landscape, and inject new impetus into Sino-Irish and EU-Irish pharmaceutical trade.

01/15/2026 Customs Knowledge
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DHL Expands Norfolk Hub to Strengthen Eastern Virginia Trade

DHL Expands Norfolk Hub to Strengthen Eastern Virginia Trade

DHL Express has upgraded its Norfolk Service Center with a $7.3 million investment to expand its operations, enhance cargo handling capacity, and shorten cut-off times. This upgrade optimizes global network connectivity and introduces electric vehicles to support sustainable development. The new facility aims to serve the Eastern Virginia region, helping businesses expand their global reach, particularly those in B2B, B2C e-commerce, and government-related services. This investment underscores DHL's commitment to improving efficiency and sustainability in its logistics network.

01/15/2026 Logistics
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US Container Imports Stabilize in June Amid Trade Uncertainties

US Container Imports Stabilize in June Amid Trade Uncertainties

A Descartes report indicates a slight month-over-month increase in U.S. container imports for June, but a year-over-year decrease persists. China's import share has fallen to a four-year low, while West Coast ports are recovering. Trade policy shifts introduce uncertainty, requiring businesses to diversify sourcing and strengthen supply chain resilience to navigate these challenges. Companies need to adapt to the changing global trade landscape to mitigate risks and maintain operational efficiency.

01/15/2026 Logistics
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Global Trade Push Aims to Streamline Air Freight Efficiency

Global Trade Push Aims to Streamline Air Freight Efficiency

This paper provides an in-depth analysis of the entire international air freight process, from cargo preparation and logistics operations to transportation planning and last-mile delivery. It offers a systematic set of optimization strategies and practical guidelines to help businesses improve air freight efficiency. Key aspects include ensuring compliance, selecting suitable partners, optimizing routes, coordinating customs clearance, and establishing a robust emergency response mechanism for handling exceptions. The aim is to streamline operations and minimize delays in international air transport.

01/15/2026 Logistics Encyclopedia
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US Steel Tariffs Rise As Yearend Logistics Strain Trade

US Steel Tariffs Rise As Yearend Logistics Strain Trade

The combination of adjusted tariff policies in the North American market and year-end logistics bottlenecks presents challenges for businesses. This report analyzes the impact of rising US shipping rates, stricter customs inspections, and new tariff policies in Canada and Mexico. Addressing year-end logistics characteristics, it offers recommendations including shipping strategies, compliant declarations, cost assessment, and advance planning. These suggestions aim to help businesses navigate the complexities and mitigate potential disruptions during this period.

01/15/2026 Logistics
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Mexicos Economy Faces Debt Trade Challenges Amid Logistics Overhaul

Mexicos Economy Faces Debt Trade Challenges Amid Logistics Overhaul

The Mexican economy faces challenges from high debt pressure and slowing traditional trade momentum. The central bank cut interest rates to counter GDP contraction, but fiscal pressure persists. Despite sluggish port throughput growth, the Port of Lázaro Cárdenas saw a significant increase in automotive transport volumes, benefiting from Asian automakers' investments. Cross-border e-commerce logistics is emerging as a new growth area, with Mercado Libre opening a new distribution center in Sonora. The future decisions of the Sheinbaum administration will influence Mexico's global competitiveness.

01/15/2026 Logistics Industry Insights
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Global Trade Guide for Furniture Lighting and Prefabricated Buildings

Global Trade Guide for Furniture Lighting and Prefabricated Buildings

This article provides a detailed interpretation of the Harmonized System (HS) Chapter 94, focusing on the classification rules for furniture, bedding, lighting, and prefabricated buildings. Through chapter notes and specific commodity classification explanations, it offers a clear and practical classification guide for international trade participants. The aim is to assist them in accurately identifying and declaring goods in global trade, thereby reducing operational costs and ensuring compliance with international regulations. It serves as a helpful resource for navigating the complexities of HS Chapter 94.

01/19/2026 HS Code Query
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Global Trade in Ores Slag and Ash Key Insights

Global Trade in Ores Slag and Ash Key Insights

This article provides a detailed interpretation of HS code classifications for ores, slag, and ash. It clarifies the definition of "ore" and offers a comprehensive distinction between different types of slag, ash, and residues. The aim is to assist professionals in accurately identifying and classifying these materials, thereby facilitating smooth international trade operations. This guide helps navigate the complexities of HS codes related to mineral resources and byproducts, ensuring compliance and efficiency in global commerce.

01/19/2026 HS Code Query
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Zinc Market Guide Purity Alloys and Trade Risks Explained

Zinc Market Guide Purity Alloys and Trade Risks Explained

This article provides a detailed interpretation of the classification standards for zinc and its products, including the definitions and distinctions between pure zinc, zinc alloys, and zinc powder, as well as the applications of different forms of zinc materials. It also lists relevant HS codes and offers practical advice for procuring zinc and its products, aiming to assist readers in making informed decisions and avoiding potential risks in international trade. This guide serves as a valuable resource for understanding zinc classifications and navigating the procurement process.

01/19/2026 HS Code Query
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