Crypto News: Supply Lines: Special edition

Hello, I'm Brendan Murray, global trade editor in London. Welcome to this special edition of Supply Lines. Today, we're bringing you late-breaking news that US dockworkers and their employers have suspended their three-day-old strike and agreed to get cargo flowing again. Here's the latest:

The ILA and the US Maritime Alliance agreed to a contract extension until Jan. 15 while they continue negotiating terms of a six-year deal. Read more about how the dockworkers will return to work today:

US Dockworkers Suspend Three-Day Strike After Contract Extension

Here's part of what President Joe Biden said: "Today's tentative agreement on a record wage and an extension of the collective bargaining process represents critical progress towards a strong contract." He added, "by the grace of God and goodwill of neighbors, it's going to hold."

The National Retail Federation applauded the news.

It was unclear late Thursday whether port terminals would be open this weekend to help clear the backlog. For instance, APM Terminals in Mobile, Alabama, said in a notice to customers it would resume operations at 7 a.m. on Friday, though "weekend hours have not been decided at this time."

Read More:

Click here for more of Bloomberg.com's most-read stories about trade, supply chains and shipping.

Ship Queue Tops 40 on Day Three of US Port Strike

Europe has been talking for a while about being more assertive toward Chinese trade practices, but words haven't always translated into action. The EU is expected to take a big step today — and many member states are openly nervous about it.
The European Union is determined to be a global leader in the fight against climate change. In its most radical move yet, the bloc decided in late 2022 to ban the import of products made on recently deforested land, anywhere in the world.
Brazil is expected to import the most diesel in two years this month as farmers harvest the corn crop and the country's resilient economy supports demand from truckers.

The European Union is headed into an "economic cold war" if it opts to approve additional tariffs on Chinese electric vehicles, Prime Minister Viktor Orban.
Run SPLC after an equity ticker on Bloomberg to show critical data about a company's suppliers, customers and peers.
Use the AHOY function to track global commodities trade flows.
See DSET CHOKE for a dataset to monitor shipping chokepoints.
For freight dashboards, see {BI RAIL}, {BI TRCK} and {BI SHIP} and {BI 3PLS}
Click HERE for automated stories about supply chains.
On the Bloomberg Terminal, type NH FWV for FreightWaves content.
See BNEF for BloombergNEF's analysis of clean energy, advanced transport, digital industry, innovative materials, and commodities.

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