China Exports Rebounding, Western Ports Feeling COVID-19 Impact China’s ports are again pushing out thousands of containers that were stranded at the onset of the COVID-19 outbreak. The buildup left a big shortfall in cargo at ports in the U.S. and Europe which created a shortage of empty containers needed to ship product and supplies.…
US Distillers in Need of Aid The Kentucky Distillers’ Association (KDA), New York State Distillers Guild (NYSDG), American Craft Spirits Association (ACSA), and the Distilled Spirits Council of the US (Discus) have called on Senator Mitch McConnell and Chuck Schumer to aid distillers through an economic relief package. They are urging Congress to provide components…
SBA Disaster Assistance Loan Programs for Small Businesses Affected by COVID-19 Kentucky has been certified by the Federal Government for Economic Injury Disaster Relief under the U.S. Small Business Administration program. These loans can be used to pay off outstanding debts, payroll and any other bills. These loans are available for small businesses that have…
Gov. Andy Beshear on Public Events, Schools and Prisons in Response to COVID-19 Actions and preparations announced by Gov. Andy Beshear include: Instructed school districts to be prepared to close on short notice, as short as 72 hours. Closed all state prisons to visitors. Encouraged every individual in Kentucky, in particular those over 60 and…
US Trade Deal Objectives are Fully Outlined The trade deal is expected to increase transatlantic trade flows. The Department for International Trade believes this will increase the UK’s GDP (Gross Domestic Product) with ceramics, cars, food, drink and professional services. Objectives for the talks will include increasing the flow of goods, services and investment, and…
China Lowering Port Fees to Increase Trade China’s government is suspending or reducing some port fees from March 1st to June 30th. This will save costs for importers and to encourage more international trade as the country recovers from the coronavirus (COVID-19). Read the Press Release
US-UK Trade Talk: Agriculture Playing an Important Role The United Kingdom now free from the European Union, published negotiating objectives for a free trade agreement with the U.S. and improving agriculture imports and exports will be key during talks. Read the Press Release
Farmers in Some States are Benefiting from Trade War Farmers mostly in the Midwest benefit from the impact of the retaliatory Chinese tarrifs are weighted against the Trump administrations trade war payments to farmers. President Trump has raised the possibility of MFP (Market Facilitation Program) payments this year if trade deals, such as the Phase…
Jack Daniels and Woodford Reserve Impacted by Geopolitical Uncertainty As people cancel travel plans over fear of the coronavirus (COVID-19), travel retail has become one of the Brown-Forman’s “most affected” areas in addition to its business in China. Analysts at J.P. Moran estimate that “travel retail” is just 4% of sales and China accounts for…
Kentucky Clothing Brand Receives International Recognition Morehead-based New Frontier Outfitters received an Excellence in International Trade Award on December 12 from the World Trade Center Kentucky (WTC-KY). The award was presented in Frankfort by former Governor Martha Layne Collins. Read the Press Release