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Trade Wars


Trucking Industry Receives Positive News

By: Nick Stanley / Posted on: January 16, 2020

Yesterday, the trucking industry received a much-needed jolt to kick off 2020.  The United States and China signed a trade agreement that is expected to create a boost in U.S. manufacturing and an increase in the number of exported American goods.  While this deal will not completely mend the transportation industry after a historically turbulent 2019, it does provide a solid base from where negotiations can continue.  Vice Premier Liu He filled in for Chinese leader Xi Jinping at the meeting, reading a letter to President Trump from Jinping stating, “the first phase is good for China, the U.S. and the whole world.”

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China Reduces Oil Products Tariffs

By: Jon Babyak / Posted on: December 19, 2019

The volatility of the China-United States trade war may finally be slowing down.  Only a few days after agreeing to phase one of a new trade deal, China has announced a one-year tariff exemption on six chemical and oil derivatives, a positive sign that tensions are easing, and progress is being made.  These exemptions become effective on December 26, 2019 and are set to expire on December 25, 2020.

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Trade Optimism and Oil Tanker Attack Send Markets Higher

By: Mike Dombroski / Posted on: October 11, 2019

The bulls are off and running today because there is a bevy of bullish headlines including optimism over a U.S./Chinese trade deal and a missile attack on an Iranian oil tanker.

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Trade War Takes a Back Seat to Oil Fundamentals

By: Peter Haralambakis / Posted on: September 20, 2019

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Farmers Patience Grows Thin Over Broken Promises

By: Pam Corn / Posted on: September 10, 2019

U.S. farmers patience continues to grow thin as President Trump’s policies focus more on his trade wars with China and biofuel waivers for oil refineries.

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