Global Trade Guy

Follow for a steady stream of the latest news in global trade.

[Global Trade Guy @GlobalTradeNews]

@krassenstein My guess is Ds made a deal with Johnson that if he pushes Ukraine aid through, they'll protect him as Speaker. Johnson didn't make the same mistake as McCarthy and bad mouth Ds on national TV. Ds will vote to table.

[Global Trade Guy @GlobalTradeNews]

Diet coke drinkers today

[The Spectator Index @spectatorindex]

BREAKING: Reuters reports that Aspartame, which is one of the world's most common artificial sweeteners, is set to be declared a possible carcinogen.

[Michael Pettis @michaelxpettis]

1/7
Weakness in the RMB is a good illustration of the policy dilemma Beijing faces. On the surface, a weaker RMB seems like it might boost growth by making Chinese manufacturing exports more competitive internationally.

https://t.co/qdO3vH3VBy

[Global Trade Guy @GlobalTradeNews]

Not a surprise. #Transportation companies should not expect much seasonal pickup later this year from #globaltrade.

https://t.co/oTncfoO4iX

[Global Trade Guy @GlobalTradeNews]

Honestly didn't see this coming! I would've expected #China to be more enticing as the economy reopened.

Inflation in the west, deflation in the east.....sounds like the start to a real bad rap album https://t.co/PzYWB7Eu3Q

[Global Trade Guy @GlobalTradeNews]

It's like groundhog day https://t.co/8foHoAaWOu

[Global Trade Guy @GlobalTradeNews]

This is in line with decades of US policy but seems to be back pedaling a bit from Biden's comments last September.

Then, Biden said that the US would come to Taiwan's defense if China were to launch an unprovoked attack on the island.

[The Spectator Index @spectatorindex]

BREAKING: US Secretary of State Blinken says Washington does not support independence for Taiwan

[Global Trade Guy @GlobalTradeNews]

A sign of times to come?

AstraZeneca planning China business spin off, Financial Times reports https://t.co/c8SWNTOueO

[Global Trade Guy @GlobalTradeNews]

He thinks the chaos in UK's economy was caused by Boris Johnson's resignation?

Not quite that simple

[Bloomberg @business]

"There's an economic hit"

The chaos sparked by Boris Johnson's resignation is damaging the UK in the eyes of "many investors," says Labour's Keir Starmer, who adds the Conservatives now face three by-elections sparked by "political tantrums" https://t.co/PAcDp6kfsm

[World of Statistics @stats_feed]

Largest companies by market cap:

🇺🇸 Apple: $2.8 trillion
🇺🇸 Microsoft: $2.5 trillion
🇸🇦 Saudi Aramco: $2 trillion
🇺🇸 Alphabet: $1.57 trillion
🇺🇸 Amazon: $1.25 trillion
🇺🇸 NVIDIA: $990 billion
🇺🇸 Berkshire: $700 billion
🇺🇸 Meta: $672 billion
🇺🇸 Tesla: $634 billion
🇹🇼 TSMC: $516 billion
🇺🇸 Visa: $454 billion
🇺🇸 UnitedHealth: $445 billion
🇫🇷 LVMH: $437 billion
🇺🇸 Exxon Mobil: $414 billion
🇺🇸 Eli Lilly: $402 billion
🇺🇸 Johnson & Johnson: $400 billion
🇺🇸 JPMorgan Chase: $395 billion
🇺🇸 Walmart: $391 billion
🇨🇳 Tencent: $377 billion
🇩🇰 Novo Nordisk: $361 billion
🇰🇷 Samsung: $359 billion
🇺🇸 Mastercard: $340 billion
🇺🇸 Broadcom: $335 billion
🇺🇸 Procter & Gamble: $334 billion
🇨🇭 Nestle: $320 billion
🇨🇳 Kweichow Moutai: $291 billion
🇺🇸 Chevron: $287 billion
🇺🇸 Home Depot: $287 billion
🇳🇱 ASML: $285 billion
🇺🇸 Oracle: $283 billion
🇺🇸 Merck: $276 billion
🇺🇸 Coca-Cola: $257 billion
🇨🇭 Roche: $256 billion
🇺🇸 PepsiCo: $250 billion

[Global Trade Guy @GlobalTradeNews]

@BBCWorld I mean, who hasn't thought about doing that before?

[Global Trade Guy @GlobalTradeNews]

UK signs second #FTA with Indo-Pacific country. It signed one with Australia in December 2021.

It's part of an effort to diversify their interests away from Europe.

New Zealand-UK Free Trade Agreement to Start Benefiting Exporters -NZ PM https://t.co/6Z0MyTRCfn

[Global Trade Guy @GlobalTradeNews]

Interesting that stories about Jamie Dimon and Jeffrey Epstein are coming up the same day that Dimon says he would consider running for public office.

[Global Trade Guy @GlobalTradeNews]

@Reuters Hardly surprising. They're not exactly looking for an outsider's perspective.

[Global Trade Guy @GlobalTradeNews]

Whoa

[Swedish Ministry for Foreign Affairs @SweMFA]

The world’s first fossil-free steel comes from Sweden🇸🇪

The fourth meeting of the 🇪🇺-🇺🇸 Trade & Technology Council #TTC kicked off today with a visit to the HYBRIT pilot plant in Luleå, Sweden.

The HYBRIT technology can help reduce emissions from steel production worldwide.

[Global Trade Guy @GlobalTradeNews]

@ani_digital @ANI Kudos to # India! Building the foundation for sustained economic growth

[Global Trade Guy @GlobalTradeNews]

Seems like a risky play

[Reuters @Reuters]

Despite Nvidia's rally, some say the stock is actually cheaper https://t.co/DJfhBEoyif

[Global Trade Guy @GlobalTradeNews]

Chickety China, the Chinese chicken. @barenakedladies

12 years after entering China, @Cargill is pulling out. Cites growing feed costs due to the Ukraine War as the primary reason.

[Reuters @Reuters]

Cargill to sell China poultry unit to private equity firm DCP Capital https://t.co/JkginbyY86

[Global Trade Guy @GlobalTradeNews]

@VDombrovskis @USTradeRep @sweden2023eu @Trade_EU @SweMFA @EU_Commission @MiriamGarciaFr Transportation contributes such a significant amount of carbon to the atmosphere. This is great news.

Where can we see the details of this agreement?

[Global Trade Guy @GlobalTradeNews]

Call me Danny Zuco because IT'S ELECTRIFYING!

[Valdis Dombrovskis @VDombrovskis]

EU & U.S AGREE ON 1ST EVER TRANSATLANTIC STANDARD!

At 4th 🇪🇺-🇺🇸 Trade & Tech Council, we signed off on Megawatt Charging System standards for electric vehicle trucks.

This can pave the way for an open, non-proprietary global standard to decarbonise transport worldwide.
#TTC