Karen Schwartz on LinkedIn: Explained really well by Aaron Rubin ShipHero tells you what you need to… (2024)

Last week, the #EuropeanCommission announced new tariffs on #Russian and #Belarusian origin #cereal, #oilseed and #animalfodder imports. The European Commission said tariffs of between EUR 93/tonne and EUR 148/tonne would be imposed on certain products, while an #advalorem #duty of 50% will be imposed on others. Some products will be excluded from the EU quota system.The biggest impact seems to be on Russia, which sells about USD 2 billion of the products to the EU every year – and growing. The EC imposed the measures to combat grains #theft within the occupied #Ukraine. This could go some way to placating Eastern European farmers, who have long complained that higher Ukrainian grain exports have suppressed domestic #prices within the EU. But where will Russia send its grain now? And where will the EU source its products? Read all about it in our latest analysis FREE on CZ App here: https://lnkd.in/e6rf_sje

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Why they only want you to shop within the click? Why intervention almos…The idea behind beggar-thy-neighbor policies is the protection of the domestic economy by reducing imports and increasing exports. That is usually achieved by encouraging consumption of domestic goods over imports using protectionist policies—such as import tariffs or quotas—to limit the amount of imports.

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China Resumes Australian Barley Trade After Tariffs ScrappedChinese traders have booked at least four cargoes of the grainAsian nation was once Australia’s biggest barley export marketChina has started booking cargoes of Australian barley after Beijing scrapped onerous tariffs on the trade earlier this month.Traders have booked at least four cargoes of the Australian grain for shipping from September to October, according to people with knowledge of the matter. Beijing removed the import tariffs on Aug. 5 citing changes in the Chinese market, signaling improving ties between the trading partners.#business #finance #financialservices

China’s ’23 copper concentrate imports from Australia highest since ’21Full Article Link >>> https://lnkd.in/gZQ8iTGwBEIJING: China imported 10,104 metric tons of copper ore and concentrate from Australia last month, bringing the 2023 total volumes to the highest since June 2021, customs data showed on Saturday, as Beijing eased an unofficial ban on Australian imports. China has gradually eased tariffs and unofficial bans against a range of Australian commodities since […]..Latest IND....#trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

📢 EU to impose new tariffs on Russian and Belarusian grain🏢 The European Union is on track to introduce tariffs on grain imports from Russia and Belarus as a measure to support its farmers and address the concerns of certain member states, according to officials with knowledge of the discussions who spoke on Tuesday.🗣️ Russian research company SovEcon said it would have little impact on grain trade and prices, given only 2% of Russian shipments went to Europe✍🏻 The Financial Times has reported, “The European Commission would propose a duty of 95 euros ($103.26) per metric ton on cereals from Russia and Belarus"📖 Link to the comment section ⬇️#russia #belarus #tariff #grains #europeanunion #tradefinance #tradefinanceglobal

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📣 EU Proposes Increased Tariffs on Russian and Belarusian Grain Imports📈 On March 22, 2024, the European Commission proposed increased tariffs on Russian and Belarusian grain products to prevent market destabilization, combat illegal grain exports from Ukraine's territories, and cut off funding for Russia's aggression against Ukraine. 🎯 The tariffs target cereals, oilseeds, and derived products, aiming to suppress imports into the EU without affecting exports to third countries. European Commission President Ursula von der Leyen emphasizes the balance between supporting the EU economy, protecting farmers, and maintaining global food security. ✅ The measures also include Belarus to prevent circumvention of tariffs. Transit to third countries remains unaffected, reaffirming the EU's commitment to global food security.Original source 👉: https://lnkd.in/g2XUTd9S#EUsanctions #sanctionsupdate #sanctionscompliance #Russiasanctions #Trade

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Why they only want you to shop within the click? Beggar-thy-neighbor.The idea behind beggar-thy-neighbor policies is the protection of the domestic economy by reducing imports and increasing exports. That is usually achieved by encouraging consumption of domestic goods over imports using protectionist policies—such as import tariffs or quotas—to limit the amount of imports.

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As the results of Xi's bet on economic growth through exporting subsidized, high-end goods become more evident, the US and EU is retaliating by drawing up plans for further tariffs on imports from China. Maybe Xi should focus more on increasing domestic consumption by Chinese households instead? #ibherlufsholm #ibeconomics #ibbusinessmanagement #china

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First Australia-China barley shipment since tariffs easedThe first #cargo of Australian barley, since tariffs were eased in early August, is on its way to China. According to Kpler data, the Majestic Island loaded barley at Kwinana and Esperance and is now on route to South China.The reduction in Ukrainian barley supplies, coupled with weather-related damage to China's own #grain harvest, resulted in increased domestic grain prices. In response, the government decided to ease tariffs on Australian barley. This coincided with a thaw in diplomatic relations between the two countries.Since restrictions eased, China bought 700k-1,000kt of Australian barley, mostly for animal feed. Three more vessels are scheduled to load Australian barley for China in the next nine days, according to Kpler. In 2018, Australia exported 2.24 Mt of barley to China, the peak before tariffs in 2020 disrupted the trade. Renewed Australia-China trade will likely reduce #shipments to Middle Eastern markets, particularly Saudi Arabia.#kpler #globaltrade #drybulk

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What do you need to know about recent EU activity relating to tariffs on Ukrainian and Russian grain imports? Yves Melin and Isabel Fressynet explain in their useful summary here: https://lnkd.in/eiJiWV6p #internationaltrade #EUtariffs #grain

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