Simply Trade [News]: U.S. Export Ban on Firearms, Shipping Delays..Again, and Big Oil M&A Activity

In this episode of the Simply Trade podcast, the hosts discuss recent news articles related to international trade. One article discusses the US halting exports of most civilian firearms for 90 days due to ongoing conflicts in Ukraine, Israel, and Gaza.

Key Points:

• The US Department of Commerce issued a temporary halt on issuing export licenses for civilian firearms and ammunition to non-government entities. This aims to curb arms being sent to areas of conflict.
• Exceptions will be made for exports to close US allies like Ukraine and Israel.
• The 90-day halt impacts US firearm manufacturers who export civilian guns abroad, like Ruger and Smith & Wesson. They cannot ship these products for now.
• Other topics discussed include big oil mergers between Exxon/Pioneer and Chevron/Hess, and reduced ship passages through the Panama Canal due to ongoing drought.

This podcast provides valuable insight for those in the international trade, importing/exporting and firearms industries. The temporary US arms export ban and mergers in the oil sector present challenges and opportunities to monitor.

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/

Resources:

EXTRA: How to Attract Megaprojects: Become a Megasite https://www.inboundlogistics.com/articles/how-to-attract-megaprojects-become-a-megasite/ 

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Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.