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05 / 2023

Retailers such as Walmart and Nordstrom will close 900 stores

According to U.S. Cable News Network reports, retailers such as Walmart and Nordstrom in the U.S. will continue this year, and involve complex reasons.

17

05 / 2023

Russias Vladivostok Port has become a domestic trade transit port in my country!

According to the announcement, the General Administration of Customs agreed to increase the Russian port of Vladivostok as a transit port in the cross-border transport of domestic trade goods on the basis of the scope of the transboundary transport of domestic trade goods in the former province of Jilin, and to increase the Zhejiang province of Zhejiang Mountains container terminal and Zhejiang Chapo port as the entry port for cross-border transport of domestic trade goods.

17

05 / 2023

U.S. extends tariff exemption for 81 Chinese medical protection products until May 31

The U.S. Trade Representative’s Office (USTR) announced on May 12 local time that the tariff exemption for 81 Chinese imported medical protection products is about to expire, providing an additional 16-day transition period, and extending the validity until May 31, 2023.

16

05 / 2023

China and Australia restart economic and trade dialogue mechanism

China-Australia economic and trade relations have received positive signals, Chinas Ministry of Commerce Minister Wang Ventao and Australias Trade Minister Farel jointly chaired the 16th China-Australia Ministerial Economic Joint Committee on May 12.

15

05 / 2023

Industrial data fell more than expected in March, and the risk of a German recession rose.

The decline in industrial production data in Germany in March far exceeded market expectations, raising market concerns about further deterioration of the German economy. The German Federal Bureau of Statistics released data on Monday showed that the decline in industrial production in Germany in March was 3.4% and 1.3% more severe than analysts expected. Among them, poor performance in the automotive industry was one of the reasons for the decline in the automotive and automotive parts manufacturing output in March.

16

05 / 2023

South African currency exchange rate hits a record low, beware of foreign exchange risks

Last Friday, South African Rand depreciated the exchange rate for the US dollar by 1.8% in the plate, closing the Times 19.32 Rand for the US $ 1, reaching a record low. Foreign trade companies that have had recent trade with South Africa should keep an eye on the countrys exchange rate fluctuations, and stay in touch with customers and beware of exchange risks.