China and Japan have had a long-standing prickly relationship. In more recent years, this has been exacerbated by the dispute between the two countries over the Senkaku islands. That being Read more
“Many of the products we consume or use . . . are either manufactured in China or have components that are sourced from China.”
“When China changed its economic policy to a more consumerist-friendly driven force, it began to attract manufacturing companies due to its low cost from wages and a state-run economy that was encouraging investment and access to the largest untapped market in the world.”
“The World Bank calculates the 2019 Per Capita Gross National Income (GNI) in East Asia at $11,725; China at $10,410; but only $8,775 in Latin America and the Caribbean, making labor in Asia more expensive than our neighbors south of the border.”
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Excerpt from article by Melvin Torres, director of Western Hemisphere Trade for the World Trade Center Arkansas .
COVID-19 has fundamentally changed the world, and companies are increasingly having trouble acquiring sufficient supplies, parts, materials, etc. to continue production. This disruption is causing many companies to lay off Read more
04/24/2020Washington, DC – U.S. Trade Representative Robert Lighthizer today notified Congress that Canada and Mexico have taken measures necessary to comply with their commitments under the United States–Mexico–Canada Agreement (USMCA), and Read more