Simply Trade [News]: Between a Rock and a Hard Place - Trade Grinds to a Halt as Geopolitical Tensions Rise

Join Annik as she takes on the news of the week with her co-hosts, Lalo and Andy.

Red Sea Crisis Boosts Shipping Costs and Delays Inflation

The hosts discuss how the ongoing terrorist attacks and piracy in the Red Sea region have caused freight rates from Asia to Northern Europe to double. Shipping companies are now forced to take much longer routes around the southern tip of Africa instead of using the crucial Suez Canal shipping lane. This significant increase in transportation costs and delays is rippling through global supply chains and exacerbating inflation worldwide.

US Border Entry Points Reopen as Migrant Crossings Decrease

The reopening of four US-Mexico border entry points is explored. While reduced migrant crossings allowed this, the ongoing situation is complex with immigration pressures still intense further south. Trade impacts are also considered, with the potential for future closures if crossings surge again.

CBP Export Seizures - Knowing the Rules and Consequences

This segment warns exporters to thoroughly research regulations and vet business partners to avoid costly seizures or penalties. With increased CBP enforcement in 2024, compliance is critical. Export licensing, prohibited end users, and supply chain transparency are discussed as key areas to scrutinize for international trade and customs compliance.

Enjoy the show!

Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/ 
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ 

Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ 
Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/

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