Category: Trade

PolicyTrade

Canada Bolsters Arctic Sovereignty Claims Amid Northwest Passage Thaw and Global Rivalries

Canada is strengthening its Arctic presence as melting ice opens the Northwest Passage to increased traffic and international interest. The nation faces competing claims from world powers while drawing on centuries of Inuit habitation and oral history to support its sovereignty position.

Strategic Importance of the Thawing Arctic

Canada is taking significant measures to protect its interests in the rapidly changing Arctic region as the fabled Northwest Passage becomes increasingly navigable due to climate change. According to reports, the passage that once claimed the lives of 19th-century explorers now welcomes thousands of tourists annually aboard cruise ships, with nine vessels expected to dock this year alone at Gjoa Haven, an Inuit community central to the region’s history.

by Emma Langford
TechnologyTrade

Nvidia CEO Warns U.S. Policy Caused Complete Loss of Chinese AI Chip Market

Nvidia CEO Jensen Huang revealed the company’s market share in China has plummeted from 95% to 0% due to U.S. export restrictions. The tech leader cautioned that policies harming China can also damage American interests, calling for more nuanced approaches to technology regulation.

Nvidia CEO Calls for Policy Reevaluation After China Market Collapse

Nvidia CEO Jensen Huang has revealed that the chipmaker’s market share in China dropped from 95% to effectively 0% due to U.S. export restrictions, according to his recent comments at a Citadel Securities event. Huang expressed disbelief that any policymaker would consider this outcome beneficial for American interests, stating “I can’t imagine any policymaker thinking that that’s a good idea, that whatever policy we implemented caused America to lose one of the largest markets in the world.”

by Emma Langford
EconomyTrade

Shipping Chaos Hits Consumers as New Tariff Policies Disrupt International Deliveries

American consumers are experiencing shipping chaos as new tariff policies eliminate exemptions for small international shipments. UPS customers report packages held for weeks, surprise bills, and confusing customs requirements disrupting online orders from abroad.

Tariff Changes Create Shipping Headaches

American consumers are facing unprecedented shipping challenges and surprise fees as recent tariff policy changes eliminate exemptions for small international shipments, according to reports. The elimination of the de minimis loophole in August, which previously exempted shipments under $800 from tariffs, has created confusion and delays for customers ordering from abroad, with UPS customers reporting particularly severe disruptions.

by Emma Langford