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European Parliament President Roberta Metsola seeks an electric vehicle tariff agreement with China

2024-11-25

Facing changes in the global trade landscape due to Donald Trumps election as U.S. President, EU Trade Commissioner Bernd Lange emphasized the need for the EU to reassess competition policies, particularly seeking new agreements with China in the electric vehicle tariff dispute. Lange noted that the EU is actively seeking more suppliers to reduce dependence on single markets while addressing global supply chain uncertainties. This strategic shift reflects the EUs determination to safeguard its economic interests and promote international cooperation.

U.S. Treasury sanctions Russias Gazprombank to strengthen financial restrictions on Russia

2024-11-25

The U.S. Department of the Treasury announced comprehensive sanctions against Gazprombank, including its overseas subsidiaries and individuals. This move aims to curb Russias military actions in Ukraine and may have potential impacts on global financial markets. The international community needs to closely monitor developments and adjust business strategies to ensure compliance.

November 13, 2024, 13:45

2024-11-21

Chinas Ministry of Finance and State Taxation Administration jointly announced adjustments to export tax rebate policies for certain products, effective December 1, 2024. The rebates for aluminum, copper, and some chemical products will be canceled, while rates for solar products and others will be reduced. This aims to optimize the export rebate structure and promote high-value-added exports. The policy adjustment will significantly impact aluminum and copper exports but is expected to enhance the global competitiveness of Chinas manufacturing sector in the long run.

Customs Declaration Process

2024-11-21

Chinas recent export ban on antimony products has led to a 97% plunge in exports in October. The global antimony market is facing tight supply and soaring prices. This policy not only affects Chinas antimony industry but also poses challenges to the global supply chain and price stability. Western countries and enterprises are seeking new supply channels to cope with this change.

The Shanghai Export Container Freight Index fell for the first time. Where is the future of the shipping market?

2024-11-21

The Shanghai Containerized Freight Index (SCFI) newly released by the Shanghai Shipping Exchange has experienced its first decline after three consecutive weeks of increase, with a drop of 3.42%. The freight rates of major shipping routes showed different performances. Analysts pointed out that factors such as changes in market supply - demand relationships, the end of the e - commerce season, and policy changes will have an important impact on future freight rate trends. Enterprises and investors need to closely monitor market dynamics and policy changes and adjust their strategies in a timely manner.

Shanghai Export Container Freight Index Drops for the First Time, Where Is the Future of the Shipping Market?

2024-11-20

After U.S. President Trumps election victory, his proposed tariff policies have drawn market attention. U.S. businesses and consumers are making advance purchases to cope with potential price increases. This article analyzes the impact of tariff policies on U.S. businesses, consumers, and the global economy, pointing out that policy uncertainty and potential retaliatory measures may exacerbate global trade tensions.

November 13, 2024, 14:03

2024-11-19

Amid a complex and volatile global trade environment, Dutch semiconductor giant ASML maintains its mid-term targets for fiscal year 2030 unchanged, expecting revenue to double. The rapid development of AI technology is a key factor in ASMLs commitment to these targets, while the company also faces challenges from the Chinese market. ASML is actively managing risks and seeking collaboration opportunities to achieve long-term business growth and market expansion.

Chinas APEC Trade Growth Hits Record, Anti-Dumping Measures Uphold Market Order

2024-11-19

The latest data shows that in the first 10 months of 2024, Chinas total import and export volume with APEC economies reached 21.27 trillion yuan, a year-on-year increase of 5.7%, hitting a record high. Meanwhile, China continues to implement anti-dumping measures on EU brandy to protect domestic industries. With the advancement of the Belt and Road Initiative, Chinas trade cooperation with the Asia-Pacific region has deepened, and it will continue to promote global supply chain optimization and industrial upgrading in the future.

Trumps Tariff Policy: Analysis of the Global Economic Outlook after the US Presidential Election

2024-11-18

U.S. presidential election results show that candidate President Trump has won, with his proposed tariff policies becoming a market focus. This article analyzes the potential impacts of Trumps tariff policies on the U.S. and global economy, including inflation, consumer purchasing power, GDP, exports, and global trade tensions, while offering coping strategies for businesses and market participants.

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