US refining capacity had hit a record high of nearly 19.0 million barrels per calendar day (b / cd) earlier this year, but several refineries have closed since then and capacity fell to the lowest level since May 2016, reported the Energy Information Administration (EIA). As of September
The peso closed the session with a depreciation of 0.71% or 14.3 cents, trading around 20.03 pesos per dollar, ranking as the third most depreciated currency in the basket of main crosses, behind the Turkish lira, which was the most depreciated currency and the pound sterling which came
The road freight transport should decrease to less than 75% in the European Union, increasing the share of rail and inland waterway transport, according to a new plan by the European Commission. The European Commission presented its «Sustainable and Smart Mobility Strategy» on Thursday, along with an action
The United States Representative on Trade Issues (USTR) is the President’s chief trade advisor, negotiator, and spokesperson on trade issues. The USTR is also responsible for developing and coordinating US policy on international trade, commodities, and direct investment, and overseeing negotiations with other countries. Currently, the incumbent is
Katherine Tai would be proposed by incoming president Joe Biden to be the head of the United States Trade Representation (USTR), replacing Robert Lighthizer, who currently holds that position. The United States Congress has legislative and oversight powers over trade matters; works with the executive branch, which negotiates
The USTR requested consultations with the Canadian government to avoid or initiate a dispute resolution panel under the USMCA. The United States Trade Representative, Robert E. Lighthizer, announced Wednesday that the United States is exercising its rights under the Agreement between Mexico, the United States and Canada (USMCA)