China imported mutton from Madagascar in Africa for the first time. Chinese small household appliances are popular in the South Korean market. China launched an anti - dumping investigation into Canadian rapeseed. The trade volume between China and the Caribbean region has increased tenfold in 20 years, demonstrating Chinas active role and influence in global trade.
Norwegian Prime Minister Jonas Gahr St?re clearly stated during an event in Shanghai that Norway will not unilaterally impose sanctions on Chinese electric vehicles, emphasizing that Norway does not have a common trade policy with the EU and will not participate in unilateral actions. At the same time, he mentioned that China should respond to the EUs concerns.
Data from the General Administration of Customs of China shows that in the first eight months of 2024, Chinas total value of goods imports and exports increased by 6% year - on - year, with exports increasing by 6.9% and imports increasing by 4.7%. The trade surplus expanded by 13.6%, and the export of mechanical and electrical products accounted for nearly 60%. The trade structure continued to be optimized.
The EU is preparing to slightly reduce the additional tariffs on electric vehicles imported from China. The tax rate for Tesla electric vehicles will be reduced from 9% to slightly less than 8%. The final tariff will be voted on by member states before November. Previously, the Chinese Ministry of Commerce expressed opposition to the EUs final ruling disclosure.
The Dutch government announced stricter export controls on chip manufacturing equipment, particularly deep ultraviolet (DUV) lithography systems, to align with U.S. regulatory measures. This move may impact the global semiconductor industry landscape.
Indonesian government extends textile import tariffs to protect domestic manufacturers from cheap foreign imports, creating recovery opportunities for the local textile industry and enhancing market competitiveness.
China tightens export controls on rare metals; prices of critical metals like antimony surge as global firms stockpile, testing supply chain stability.
U.S. President Joe Biden has increased the import tariff quota for solar cells to 12.5GW to promote clean energy development, while Mexico has imposed provisional anti-dumping duties on PET resin and steel screws originating from China to protect its domestic industries.
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PSB Record: Shanghai No.31011502009912
