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The Indian government has decided to lower import tariffs on electric vehicles on the condition that global automakers need to invest and build factories in India in order to make India a global manufacturing hub for electric vehicles.

The government opened up food and medicine imports, shortened payment terms, aimed at lowering prices, mitigating inflationary pressures and increasing market competitiveness.

Chinese buyers have repeatedly canceled U.S. wheat orders, reaching a total of 50.4 million tons.U.S. wheat exports have fallen to the lowest level in half a century, replacing Brazil with the U.S. as the world’s largest corn exporter.

The South Korean government and major enterprises are taking action to reduce China’s dependence on key mineral resources such as lithium hydroxide and titanium, in response to changes in the global trade environment.

Two months before 2024, China surpassed other countries to become the largest importer of Russian oats, promoting agricultural cooperation between the two countries, and Russia plans to strengthen food trade within the framework of the BRICS countries.

Brazils cotton output is expected to increase by 23.7% in 2023-24 to 1.4 million packs, hoping to surpass the United States to become the worlds third largest cotton producer, promoting the development of the textile industry.