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The Biden administration will announce new export restrictions on China next week, intensifying the semiconductor supply chain tension

2024-11-26

The US Chamber of Commerce revealed that the Biden administration plans to announce new export restrictions on China, which may include 200 Chinese chip companies on the trade restriction list, and most US suppliers will be prohibited from shipping to these target companies. This move will further intensify the Sino - US technological competition and affect the global semiconductor supply chain and the international trade pattern.

Ride the Belt and Road wave to draw a new blueprint for import and export trade

2024-11-25

This article deeply explores the profound impact of the Belt and Road Initiative on import and export trade, analyzes five positive effects such as the expansion of trade scale, the optimization of structure, and the improvement of facilitation, and puts forward strategies for enterprises to seize the opportunities of the times, including determining the main sales market, innovating products according to local conditions, and strengthening language learning. At the same time, it also points out challenges such as geopolitics, risk management, and sustainable development, providing a comprehensive reference for enterprises.

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.

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