Trump’s “tariff stick” is directed at Canada and Mexico, and the trade storm is brewing again!
January 22, 2025
當地時間1月20日，剛剛就任美國總統(tǒng)的特朗普，在白宮橢圓形辦公室簽署一系列行政命令，宣布將從2月1日起，對從加拿大和墨西哥進口的商品征收25%的關稅。此外，特朗普還宣布將對進口自中國的所有商品加征10%的關稅。 “關稅大棒”下的深層背景 ...
Trump plans to establish a foreign tax agency, causing new turbulence in the trade landscape
January 16, 2025
Local time, January 14, 2025, US President-elect Trump dropped a bombshell on his self-created social platform Truth Social. He clearly stated in a post: “I will create a Foreign Taxation Bureau to collect our tariffs and all income from overseas. We will start charging those who make money from us through trade, and they will finally start paying what...
Witness history! Indonesia becomes an official member of BRICS
January 13, 2025
On January 6, 2025, Brazil, as the rotating chair of the 2025 BRICS countries, announced that Indonesia has become a formal member of BRICS. The process of Indonesia joining BRICS, seemingly achieved overnight, has actually undergone many considerations and preparations. As early as the 15th BRICS Leaders Meeting held in Johannesburg, South Africa in 2023, Indonesias candidacy had been approved. However...
UN report predicts: World economy will grow by 2.8% in 2025
January 10, 2025
As a key indicator of global economic development, the United Nations World Economic Situation and Prospects 2025 report has garnered significant attention. The report forecasts a global economic growth rate of 2.8% in 2025, consistent with 2024. Despite demonstrating resilience and withstanding a series of compounding shocks, the global economys growth rate remains below the pre-pandemic average of 3.2%.
2025 Thailands New Duty-Free Policy: How Will Chinas Export Trends Shift Under the 1,500 Baht Threshold?
January 2, 2025
On December 16, 2024, the Thai government, through a Ministry of Finance announcement published in the Royal Gazette, declared that goods with a total import value (including freight and insurance) not exceeding 1,500 Thai Baht would be exempt from import duties from January 1 to December 31, 2025. The Thai Customs Department is tasked with the policys implementation, including import commodity inspection, verification of duty-free eligibility, and streamlining declaration procedures. Furthermore, Customs will...
New US bill: China's shipping of goods to the US has changed
December 25, 2024
Recently, the United States has taken new actions again. A bill called SHIPS for America Act has emerged, and instantly become the focus of the global trade field. The bill stipulates that within 15 years from its entry into force, at least 10% of all goods imported from China to the United States shall be transported by US flag vessels. This regulation is aimed at US importers and will increase from the 5th year after the bill takes effect...
South Korea's turmoil triggered an economic crisis, affecting China's foreign trade
December 19, 2024
On December 3, 2024, South Korean President Yoon Seok-yeol declared martial law, triggering conflicts from all sides. The National Assembly subsequently voted to revoke the martial law order. On December 14, the South Korean National Assembly passed a motion to impeach President Yoon Seok-yeol with 204 votes in favor and 85 votes against. His presidential powers were suspended, and Prime Minister Han Deok-soo acted as president. On December 16, the Constitutional Court of South Korea...
Understand these export terms and avoid foreign trade "traps"
December 17, 2024
In the entire process of export trade, professional terminology undoubtedly plays a crucial role. From the initial negotiations between the two parties to the signing of the contract, and then to the transportation, handover of goods, and subsequent customs clearance and foreign exchange settlement, professional terminology acts as precise navigation, clearly guiding the actions of both buyers and sellers, and clarifying their respective responsibilities and risk-taking boundaries...
China's foreign trade growth "combination punch" opens up a new world for foreign trade
December 16, 2024
In recent years, against the backdrop of a complex and volatile international situation, global economic growth momentum has been weak, trade protectionism has been rampant, the world openness index has declined, and the growth rate of global trade has even been lower than the growth rate of global GDP. However, Chinas foreign trade has shown strong resilience and has accelerated its positive trend. Data shows that in the first 11 months of this year, Chinas total import and export value of goods trade was 39....
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