Author: News Desk

The United States plans to receive egg imports from Türkiye and South Korea, stated Agriculture Secretary Brooke Rollins on Friday. The decision comes in response to a severe shortage caused by an avian influenza outbreak, which disrupted the supply chain. Egg prices in the U.S. have soared as bird flu outbreaks forced farmers to cull 30 million birds, tightening supply. Although President Trump pledged to lower prices during his campaign, egg costs have surged by over 65% in the past year and are expected to climb another 41% in 2025. In February, the U.S. Department of Agriculture declared a $1…

Chinese shipyards are constructing several large car transport vessels to strengthen the country’s grip on global shipping and support electric vehicle manufacturers in expanding their reach to international markets. The latest ship, with a capacity to transport 8,600 cars, was reportedly built and completed within 200 days by Shanghai Waigaoqiao Shipbuilding Company, as reported by the South China Morning Post. The nearly 200-meter-long roll-on/roll-off (ro-ro) vessel will be managed by a subsidiary of COSCO, a state-owned conglomerate. The ship’s first voyage will carry Chinese cars from Shanghai to Europe. The initiative is part of China’s broader plan to develop its…

Nigeria’s Federal Ministry of Steel Development has outlined plans to increase the country’s steel production capacity to 10 million metric tons annually. Nigeria’s Minister of Steel Development, Prince Shuaibu Abubakar Audu, declared plans to produce 10 million metric tons of steel annually within five years to reduce reliance on imports. The move aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda to strengthen local industries and save foreign exchange. During his visit to the National Steel Raw Materials Exploration Agency (NSRMEA) and the Defence Industries Corporation of Nigeria (DICON) in Kaduna, Minister Audu stressed the importance of import substitution. He…

A deal for the Canadian green hydrogen exports to Germany is awaiting Ottawa’s final decision on funding and a ruling from European regulators regarding the project’s competitive viability, as reported by the Canadian Press. In August 2022, Canada and Germany formalized the hydrogen agreement with former Prime Minister Justin Trudeau, and outgoing German Chancellor Olaf Scholz visited Newfoundland’s west coast to conclude the deal. In July, Canada and Germany allocated $600 million to the project. The funding is intended to support Canadian companies entering German markets and ensure Germany receives affordable, clean energy products from Canada. Stephane Lessard, the acting…

The European Union has delayed implementing a 50% tariff on U.S. whiskey until mid-April. The move aligns with other countermeasures the EU has opted for in response to the Trump administration’s extensive tariffs on steel and aluminum imports. European Trade Commissioner Maros Sefcovic revealed the postponement, citing that the EU is considering synchronizing the timing of two sets of countermeasures, which would allow further consultations with member states and provide additional time for discussions with U.S. counterparts. The EU initially intended to reinstate 2018 tariffs on $4.9 billion (€4.5 billion) of U.S. goods, with a second phase targeting $18 billion…

Venture Global LNG, a U.S.-based LNG producer, received approval from President Trump’s administration on Wednesday to export LNG from a proposed Louisiana facility, which had previously encountered delays. The Department of Energy (DOE) granted approval for the Venture Global CP2 LNG export project in Cameron Parish, Louisiana, earning accolades from business groups while facing sharp criticism from environmentalists. The Department has authorized the Calcasieu Pass 2 (CP2) gas export project, allowing it to sell natural gas to nations without a free trade agreement with the United States. LNG export projects generally require such approval before starting construction. The CP2 authorization…

Jordanian food manufacturers are actively participating in the three-day International Food and Drink Event (IFE) 2025 in London this week to broaden reach in the UK market. According to the Jordan News Agency, Petra, the three-day event provides an essential platform for Jordanian food manufacturers to exhibit an array of products, such as confectionery, baked goods, spices, nuts, and specialty foods, to international buyers and distributors. The event, which started on Monday and concludes on Wednesday, serves as a pivotal opportunity for Jordanian food manufacturers to boost businesses. Ahmad Khudari, President of the Jordan Exporters Association, emphasized the event’s role…

India’s Commerce Ministry has suggested imposing a 12% safeguard duty on certain steel products to shield the country’s domestic industry from a flood of low-cost imports, particularly from countries like China, prompted by tariffs introduced by the U.S. The Directorate General of Trade Remedies, the trade investigations wing of the Commerce Ministry, has proposed implementing the duties for a duration of 200 days, as stated in a preliminary decision released late on Tuesday. Safeguard measures are implemented during unexpected surges in imports that risk the domestic industry, the ministry said. The final decision will be declared after 30 days of…

The Pakistan Directorate General of Customs has revised the customs values for 104 varieties of branded chocolates imported from different countries. On Monday, the directorate released a new valuation ruling (1980 of 2025), increasing the assessed values of branded chocolates for estimating duties and taxes during the import process. The customs values have been updated for a wide range of imported chocolate brands, including Kit Kat Bars/Wafers, Mars, Bounty, Snickers, Alprose Swiss Butter, Cadbury, Galaxy, Galaxy Jewels Chocolates, After Eight, Lindt, Belgian Chocolate, M&M Chocolate Beans, Milky Way, Skittles Fruit Beans, Toblerone, Choco Jinny, Maltesers Chocolate, and other branded chocolates.…

Beijing has reinstated export registrations, enabling hundreds of U.S. pork and poultry facilities to resume exports to China, industry groups reported on Monday. The decision follows earlier lapses that had jeopardized shipments to China, according to Reuters. China has extended the registrations for U.S. pork and poultry facilities by five years, covering those that had expired in February and over the weekend. According to the U.S. Meat Export Federation and the USA Poultry and Egg Export Council, registrations for U.S. beef facilities have not yet been renewed. The renewals provide relief to U.S. farmers and meat companies dealing with trade…