U.S. tariffs on Chinese goods will remain; Ali International Station: Overseas online demand increased by 33% year-on-year
NO.1 U.S. Treasury Secretary: Tariffs on Chinese goods will remain
Yellen recently said that although the United States should find ways to ease tensions with China, it is too early to lift the tariffs imposed on China during the Trump era.
Asked about her current policy toward China, Yellen said: "We impose tariffs on China because we have underlying concerns about China's unfair trade practices, especially those that affect intellectual property and technology transfer. Those concerns really haven't been addressed." She added that both sides must work on the issue. Yellen said she raised the issue during her recent trip to Beijing. "There's a new economic team in China, we need to build a relationship with them, we need to get our relationship back to a more stable position," she said.
NO.2 Mexico launches anti-dumping review investigation on China's welded steel chains
The Ministry of Economy of Mexico recently issued an announcement in the official daily, in response to the application of the Mexican company Deacero, S.A.P.I. de C.V., decided to initiate an anti-dumping sunset review on imported welded steel chains (Spanish: cadena de acero de eslabones soldados) originating in China. At the same time, the Ministry of Economy Decided to independently initiate an interim review investigation, and the current Mexican customs tax number of the product involved is 7315.82.91.
The dumping investigation period in this case is from April 1, 2022 to March 31, 2023, and the damage investigation period is from April 1, 2018 to March 31, 2023. The announcement will take effect from the day after it is issued. The original anti-dumping measures are valid during the review period.
NO.3 Ali International Station: Overseas online demand increased by 33% year-on-year
Ali International Station recently released a semi-annual report on digital foreign trade, showing that digitization has become the biggest trend in various export industries and foreign trade markets.
According to the report, in the first half of the year, the overseas online demand of Ali International Station increased by 33% year-on-year, 90% of the industry’s online exports grew rapidly, and 91% of the overseas markets’ online traffic increased. Not only emerging markets such as Southeast Asia continued to grow rapidly, but traditional foreign trade markets such as Europe and America Also back on growth track.
NO.4 Amazon Brazil speeds up the delivery speed, achieving 2-day delivery in 6 cities in Brazil
According to reports, in order to shorten the delivery time and continuously improve the shopping experience of customers, Amazon Brazil has expanded its cooperation with Azul Linhas Aéreas Brasileiras to further speed up its delivery system in Brazil.
Under the new agreement, consumers in Porto Alegre will receive packages of their Amazon purchases within one business day. According to the report, since the cooperation between the two companies, as of November 2022, Azul has shipped more than 1 million products to Amazon customers in the northern region of Brazil. Amazon has 10 fulfillment centers and 24 delivery stations in the country, and thousands of employees serve all cities in Brazil.
NO.5 Manufacturing weakness drags down Singapore's economy
According to data recently released by Enterprise Singapore, in June, Singapore’s main exports fell even more, with non-oil exports falling by 15.5% year-on-year, falling for nine consecutive months, slightly lower than the previous forecast by Bloomberg analysts. This also shows that there are still hidden concerns about Singapore's economic development. The contraction in Singapore's manufacturing sector widened to a 7.5% contraction from a 5.3% contraction in the previous quarter.
