Food Supply Chain Concerns Ahead of World Cup – Brazilian officials have found and removed over 50 pounds of expired meat, fish, butter and other food stuffs from hotels hosting visiting national soccer teams. Another 50 pounds of food was disposed of due to inadequate labeling. Dutch fans can take comfort in the fact that their team’s hotel has passed all inspections so far. The World Cup starts June 12 in Sao Paulo.
Read more at About 2022lpl Blog
U.S. Raises Tariffs on Chinese Solar – The U.S. Commerce Department announced new duties ranging from 18.56 to 35.21% for certain types of solar panels made in China. This industry continues to be a hot topic in global trade as solar manufacturing has shifted strongly to Asia in the last decade. U.S. manufacturers argue that unfair subsidies and dumping make it impossible to compete. The European Union (EU) recently agreed on quotas and a price floor for solar products from China.
Read more at NY Times
$1B Budget for Port of LA – The Port of Los Angeles approved a budget this week of almost $1 billion. The port will be investing heavily in terminal, road, rail and other infrastructure upgrades. Competition from East Coast ports is expected to grow in 2016 as the Panama Canal expansion is projected to complete. The canal expansion will allow larger and more cost effective shipping options to reach Atlantic coast ports.
Read more at CBS