USA hit a record $89B trade deficit in January 2022 China continues to lag on their trade agreements with the United States USA is looking at dealing with despot countries as part of fixing issues with oil supplies - https://www.cnn.com/2022/03/08/politics/joe-biden-saudi-arabia-venezuela-iran-russia-oil/index.html. Both Canada and USA should be focus on increasing domestic production - https://www.slideshare.net/paulyoungcga/what-is-next-for-oil-and-gas-251300497 Russia is world leader in the critical metals. https://eandt.theiet.org/content/articles/2022/03/rare-earth-metal-prices-will-skyrocket-as-ukraine-russia-tensions-continue/

1. Merchandise Trade – United
States – January 2022
Paul Young CPA CGA
March 9, 2022

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. Agenda
• Summary
• Trade Balance Summary – USA
• Analysis of Imports and Exports
• Trade by key Countries
• USA and China Trade
• Blog – Energy Crisis
• Blog – Supply Chain
• Summary

4. Trade Analysis
- USA
https://www.census.gov/forei
gn-trade/data/index.html
Trade - USA -
January 2022.pdf

5. Country / Trade – USA
Source – USA government

6. Trade Analysis - USA
Source - https://www.census.gov/foreign-trade/data/index.html

7. Analysis of Imports and
Exports

8. Analysis of Imports and
Exports
Analysis of Imports and
Exports

9. China and USA Trade

10. China and USA Trade
Source - https://www.scmp.com/economy/china-economy/article/3166325/us-china-trade-deal-
historic-failure-purchases-more-30-cent and https://www.piie.com/blogs/realtime-economic-
issues-watch/china-bought-none-extra-200-billion-us-exports-trumps-trade
US-China trade deal
a ‘historic failure’ with purchases more than 30 per cent short of target, PIIE report says South China Mornin

11. Blog – Is the World heading to an Energy Crisis –
October 2021
Australia exported 3-13 million tons per month of coal to China in 2020. If China needs 50 million tons per month that is
rapid increase in coal production. It is unclear in China and Australia would be able to ramp to meet the demand. China is
already in a shortage of perhaps 50 million tons per month.
If there is a rapid surge in coal importing to China, there could be overbidding that causes shortages for other Asian
countries. This will also make the supply chain problems even worse.
Prioritizing heating over electricity means more factory shutdowns.
Prioritizing heating coal imports over other supply chain means that the 200 ships waiting to get unloaded get bumped back
at the ports for hundreds of coal ships.
China having coal production problems is tough because building other sources of electricity and heating will take years.
Especially if China wants to get beyond current levels to support 6% per year GDP growth.
https://www.nextbigfuture.com/2021/10/173364.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogsp
ot%2Fadvancednano+%28nextbigfuture%29
This ties nicely to my work on energy - https://www.linkedin.com/pulse/world-heading-energy-crisis-paul-young/

12. Blog - Changes for Supply Chain Workers Needed to Save Global Economy - https://www.linkedin.com/pulse/blog-changes-
supply-chain-workers-needed-save-global-paul-young/?published=t
Transportation worker organizations have an open letter urging world leaders to remove restrictions hampering
the free movement of transport workers, and guarantee and facilitate their free and safe movement.
Land, Sea and air travel worker organizations support $20 trillion of world trade annually and represent 65
million global transport workers, and over 3.5 million road freight and airline companies, as well as more than
80% of the world merchant shipping fleet.
https://www.nextbigfuture.com/2021/09/173322.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed
%3A+blogspot%2Fadvancednano+%28nextbigfuture%29
https://www.slideshare.net/paulyoungcga/how-to-reshore-supply-chain-and-build-a-resilient-supply-chain

13. 5 Maritime Shipping Trends That Are the
Wave of the Future
1. Autonomous ships
2. IoT
3. Blockchain
4. Port automation
5. Digital twins
Source - https://www.thomasnet.com/insights/5-maritime-shipping-trends-that-are-the-
wave-of-the-future/?ecms_id=fa73157e-ea09-4809-95ce-
684f7331a943&ecms_short=ART6523&doc_type=ted_article&sponsored=&acct=&p
arent_id=989b7bcd-7758-47df-999c-
5fa679a630fa&utm_content=featuredstory&position=1&linktype=title&channel=emai
l&campaign_type=thomas_industry_update&campaign_name=tiu220208&utm_camp
aign=tiu220208&utm_medium=email&utm_source=thomas_industry_update&tinid=2
21763045
My work:
https://www.slideshare.net/paulyoungcga/transportation-sector-analysis-and-
commentary-november-2021

14. Supply Chain and Taxes
Companies worldwide are adapting to the pandemic by shifting production closer to customers, but such efforts
to make supply chains more resilient also complicate tax obligations, EY said.
“There’s a lot of benefits that can be obtained” by overhauling global supply chains, according to Craig Hillier,
international tax and transactions services leader at EY. “But there are all these knock-on tax, financial system,
payroll, people, talent issues that need to be addressed as well.”
CFOs need to consider “a whole host of tax issues,” including exit tax cost and transfer of goodwill, Hillier said
Thursday during an EY webinar. At the same time, companies shifting supply chains might gain benefits such as
tax breaks and funding for employment and training, he said, noting “there’s a lot out there at the moment that
companies can take advantage of.”
https://www.cfodive.com/news/supply-chain-overhaul-brings-benefits-tax-complexity-
ey/617973/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-01-
31%20CFO%20Dive%20%5Bissue:39446%5D&utm_term=CFO%20Dive
My work: https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-january-2022-
251041058

15. Summary
1. USA hit a record $89B trade deficit in January 2022
2. China continues to lag on their trade agreements with the United States
3. USA is looking at dealing with despot countries as part of fixing issues with oil supplies -
https://www.cnn.com/2022/03/08/politics/joe-biden-saudi-arabia-venezuela-iran-russia-oil/index.html.
Both Canada and USA should be focus on increasing domestic production -
https://www.slideshare.net/paulyoungcga/what-is-next-for-oil-and-gas-251300497
4. Russia is world leader in the critical metals. https://eandt.theiet.org/content/articles/2022/03/rare-earth-
metal-prices-will-skyrocket-as-ukraine-russia-tensions-continue/
1. USA hit a record $89B trade deficit in January 2022
2. China continues to lag on their trade agreements with the United States
3. USA is looking at dealing with despot countries as part of fixing issues with oil supplies -
https://www.cnn.com/2022/03/08/politics/joe-biden-saudi-arabia-venezuela-iran-russia-
oil/index.html. Both Canada and USA should be focus on increasing domestic production -
https://www.slideshare.net/paulyoungcga/what-is-next-for-oil-and-gas-251300497
4. Russia is world leader in the critical metals.
https://eandt.theiet.org/content/articles/2022/03/rare-earth-metal-prices-will-skyrocket-as-
ukraine-russia-tensions-continue/
Rare-earth metal
prices will skyrocket as Ukraine-Russia tensions continue E&T Magazine.pdf
Oil prices Biden turns
to countries he once sought to avoid to find help shutting off Russia's oil money - CNNPolitics.pdf
Blog – Trade – The United States – January 2022
Trade - USA -
January 2022.pdf
US Trade Deficit Hits
New Record in January as Exports Fall IndustryWeek.pdf
This Week in
Petroleum - U.S. Energy Information Administration (EIA).pdf
GRAINS-U.S. wheat
futures fall after rally; corn firm; soy strong Successful Farming.pdf
America's largest
critical minerals mine - Metal Tech News.pdf
Feds Say Canada
Lumber Duties Row Belongs Under USMCA - Tree Frog creative.pdf
The Daily Chase U.S.
eyes Russian oil ban; Loonie lags crude surge - BNN Bloomberg.pdf
Rising gas prices to
drive consumer goods prices higher.pdf
Escalation of China
trade battle threatens US liquefaction development S&P Global Commodity Insights.pdf
Canada can increase
oil exports to U.S., but won’t be enough to fill Russia gap experts Globalnews.ca.pdf
Norway could offer
Europe a significant gas boost Upstream Online.pdf
Cobalt is the Most
Expensive Material Used in Lithium-ion Battery Cathodes - CleanTechnica.pdf
Automakers face
soaring costs without Russian metal supplies.pdf
Climate Mitigation
Strategies Could Negatively Effect Food Security.pdf
U.S. trade deficit in
January hits record $89.7 bil. Nippon.com.pdf
China to raise
defense spending by 7.1% to $229 billion CP24.com.pdf
U.S.-China trade
relations called increasingly 'difficult' The Western Producer.pdf
https://www.producer.com/news/u-s-china-trade-relations-called-increasingly-difficult/
https://www.cp24.com/sports/china-to-raise-defense-spending-by-7-1-to-229-billion-1.5806863
Summary:

16. Other Sources
• If you like to learn
more about trade
and/or other
subjects as part of
your professional
learning and
development, then
feel free to review
my material on
https://www.udem
y.com/ (search Paul
Young CPA CGA