When tariffs are slapped on supply chains, who pays the tab?

In May, U.S. manufacturing activity remained in “expansion territory,” said Susan Spence, MBA, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. 

Canadian Prime Minister Mark Carney had said the bridge would open this week, but appeared to back away from that on June 10.

The effective closure of the Strait of Hormuz in early March has driven Asian buyers to look for alternative sources to replace disrupted Persian Gulf barrels.

The Trump administration is pushing to bring about political and economic reforms to the island via a combination of sanctions, cutting off its access to energy supplies.

The list includes some of China's biggest companies, many of which compete directly with major American companies

The bridge, named after the late Canadian hockey player who starred for the Detroit Red Wings, was built to reduce shipping congestion in a region that lives on trade.

Commerce Department data showed exports rose in April, shrinking the monthly trade deficit.

The tankers boom, and the potential for it to seed the next downturn, was a constant talking point at the industry’s biennial Posidonia gathering in Athens, June 1-5.

While the Houthis’ statement doesn’t amount to a ban on commercial shipping in the Red Sea, maritime intelligence agency Vanguard Tech advised caution.