Trade
EU Extends Suspension of US Rebalancing Measures
The EU suspended rebalancing measures on US products without an end date, applying from August 7. Source: EU Official Journal. 777 Sourcing.
Trade
USTR Imposes Forced Labor Tariffs on 60 Economies
USTR imposed Section 301 tariffs of 10 or 12.5 percent on products of 60 economies, effective July 24, 2026. Source: Federal Register. 777 Sourcing.
Manufacturing
Eos Energy Commences Battery Line 2 Production
Eos Energy commenced commercial production on Battery Line 2 in mid-June 2026, expanding to two production lines. Source: SEC EDGAR. 777 Sourcing.
Corporate & Deals
AXT Reports Record Q2 on Indium Phosphide Demand
AXT reported Q2 revenue of $47.6 million, up 164 percent year over year, on indium phosphide demand for data center optics. Source: SEC EDGAR. 777 Sourcing.
Market data
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NHC Outlook Lists No Active Atlantic Disturbances
The National Hurricane Center lists no active Atlantic disturbances as of August 7, while NOAA maintains a below-normal season outlook of 7 to 13 named storms.
Manufacturing
Trinseo Declares Force Majeure at Polystyrene Site
Trinseo declared force majeure at its Tessenderlo, Belgium polystyrene plant after storm damage, and closed its Italian MMA facilities. Source: SEC EDGAR. 777 Sourcing.
Trade
USTR Sets FY2027 Sugar Tariff-Rate Quotas
USTR announced FY2027 tariff-rate quota allocations for raw cane sugar, refined sugar, and sugar-containing products. Source: USTR. 777 Sourcing.
Corporate & Deals
Kimball Electronics Acquires Helvoet Polymer Firm
Kimball Electronics acquired Helvoet Polymer Technologies B.V., a Netherlands-based medical CDMO, for about $103 million. Source: SEC EDGAR. 777 Sourcing.
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Trade
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US Goods and Services Trade Deficit Narrows
The US deficit fell to $73.3 billion in June, down from May. Source: U.S. Census Bureau. 777 Sourcing.
Manufacturing
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China Manufacturing PMI Falls Below 50 Threshold
China's manufacturing PMI fell to 49.2 in July, below the 50 threshold. Source: National Bureau of Statistics of China. 777 Sourcing.
Supply Chain
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Container Index Rebounds After Three Weekly Drops
Drewry's World Container Index rose 1 percent to $4,297 per 40-foot container in the week ending August 6. Source: Drewry. 777 Sourcing.
Markets
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Euro Firms Against Dollar on ECB Reference Data
The euro edged up 0.4 percent against the dollar in the week to August 7, to 1.1535. Source: ECB. 777 Sourcing.
Markets Observed
Aluminum Prices Fall 8.1% Month Over Month
Aluminum averaged $3,161 per metric ton in July, down 8.1 percent from June. Source: World Bank Pink Sheet. 777 Sourcing.
Markets Observed
US Diesel Retail Price Rises for Fourth Week
US on-highway diesel averaged $5.348 a gallon in the week ending August 3. Source: EIA. 777 Sourcing.
Procurement
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US Federal Machine Shop Awards Fall 45.4 Percent
US federal machine shop awards under NAICS 332710 fell 45.4 percent year over year, with value down 32.8 percent. Source: USASpending. 777 Sourcing.