trade

AP Photo/Wilfredo Lee

The new normal is here. Florida began a full phase one reopening with restaurant dining rooms, shopping malls and hotels reopening with limitations on Monday.

 

It’s a calculated effort balancing the need to protect public health and the demand for economic activity. How long and lasting will this new normal be? It may be a balance between infection rates and unemployment rates -- between epidemiology and economics.

Bigger Ships Are Coming to Port Everglades. Here’s What That Means for South Florida.

Feb 14, 2020
Joe Cavaretta / South Florida Sun Sentinel

Bananas. Tiles. Shoes. They come by the shipload now to Port Everglades to stock shelves mostly across the state and some even beyond.

Each ship could carry more than 10,000 to 12,000 cargo containers — up from 6,000 to 8,000 — under a recently approved expansion project. “Ships are getting bigger,” said Ellen Kennedy, port spokeswoman. “Why would you have two ships when you can do the job with one?”

Port Tampa Bay

2019 was a busy year for Port Tampa Bay. Florida’s largest port set a record for cruise passengers and welcomed cargo ships from Asia.

CEO Paul Anderson said direct service to Shanghai, Singapore and other Asian ports has been a priority since he was hired in 2012. The service’s launch coincided with a trade war between the Trump Administration and China, which included tariffs and prolonged negotiations on a bilateral trade agreement.  

Florida Lt. Gov. Jeanette Nunez is wrapping up a trade mission to Colombia on Wednesday with a delegation that included 19 Florida companies hoping to start or expand trade with the South American country.

Tom Hudson

A yellow line on the floor in one of Andres Ochoa's warehouses is the difference between struggling with higher costs and competing for new customers.

The line denotes a Foreign Trade Zone inside the warehouses of SAP USA Truck and Auto Parts in Miami. The zone has shielded SAP from the trade war between the U.S. and China.

"A free trade zone means that product has entered the country without having duties or tariffs paid, and it's being held in a bonded facility," Ochoa said. "There's that line that separates everything."

Lawmakers are back on Capitol Hill on Monday after an extended summer recess with a short window to tackle major legislative priorities before the 2020 presidential campaign takes center stage.

Screenshot / The Florida Channel

During the start of his weeklong trade trip to Israel, Gov. Ron DeSantis said South Florida has one thing in common with Tel Aviv.

“Tel Aviv is worse than Miami traffic,” he told reporters Monday.

Questions Raised Over Florida Cabinet Meeting In Israel

May 22, 2019

Republican Florida Gov. Ron DeSantis is going to Israel with a large contingent of business leaders — not surprisingly, especially as the GOP woos Jewish voters ahead of the 2020 presidential election. But DeSantis' plan to hold a meeting with his elected Cabinet while he's there has raised concerns about whether officials are violating the state's open-meeting laws. 

For the last 15 years, Addgene has dedicated itself to accelerating medical research. The nonprofit in Watertown, Mass., does so by sharing research materials globally, like chromosomal DNA, used in the search for breakthrough medical cures.

That could soon change.

The prices of the things we buy, from floor lamps to canoes and bicycles, are slated to go up, literally overnight, as the Trump administration makes good on a promise to raise tariffs on $200 billion worth of imported Chinese products.

Golasso / Creative Commons

Florida Gov. Ron DeSantis recently announced that he will be heading a trade mission to Israel in May. He will be joined by Florida's Cabinet -- Attorney General Ashley Moody, Commissioner of Agriculture Nikki Fried, and Chief Financial Officer Jimmy Patronis. An official meeting of the Florida Cabinet will take place at the U.S. Embassy in Jerusalem during the visit.

courtesy: AutoNation

Mike Jackson used to shovel horse manure for one dollar a stall. He wound up leading a company selling over half a million new and used cars and trucks a year.

In March, Jackson stepped aside from CEO of AutoNation, the position he held for 20 years. AutoNation is one of South Florida’s largest publicly traded companies -- worth almost $3.5 billion. And Florida is its most important market, with quarter of its revenues coming from auto dealers it owns here.

Updated at 12:41 p.m. ET

The Trump administration is preparing to slap tariffs on billions of dollars' worth of imports from Europe, in retaliation for what it calls unfair subsidies of Airbus jets. The proposed tariffs would cover not only aircraft but also wine, cheese, woolen suits and other signature European products.

Updated at 3:45 p.m. ET

The U.S. and Canada reached a deal to replace the North American Free Trade Agreement, signed a quarter-century ago, with a new pact that the Trump administration says is easier to enforce.

In remarks in the Rose Garden formally announcing the agreement, President Trump called it "the most important trade deal we've ever made by far."

Ahead of a midnight deadline set by the White House, Trump approved changes that essentially revamp the 1993 NAFTA deal, bringing Canada on board after Mexico had already agreed in August.

Updated at 11:01 a.m. ET

Hours after President Trump announced tariffs on $200 billion in Chinese goods, China responded with its own levies on $60 billion worth of U.S. products.

Chinese state television on Tuesday reported that the government has decided to impose tariffs of 5 percent to 10 percent on $60 billion worth of U.S. products, starting on Monday. The tariffs will apply to 5,207 items.

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