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Emergency Action! Russia Suspends Foreign Exchange Purchases, and the Depreciation Pressure on the Ruble Intensifies

2024-12-02

The Central Bank of Russia announced the suspension of foreign exchange purchases in the domestic market to stabilize the ruble exchange rate, but the ruble still hit new lows against the US dollar and the euro. Multiple factors have led to the depreciation of the ruble, including Western sanctions and the Russia - Ukraine conflict. The economic outlook of Russia faces uncertainties, and the government and the central bank need to strike a balance between stabilizing the economy and maintaining the confidence of the financial market.

The US Imposes Anti - dumping Duties of up to 271% on Southeast Asian Solar Products

2024-12-02

The US Department of Commerce recently made a preliminary ruling that there are unfair trade practices in solar products imported from Southeast Asia and decided to impose an anti - dumping duty of up to 271%. This move aims to protect US domestic solar companies but may increase the cost of solar projects and trigger controversy. The final decision is expected to be made in April next year.

Trumps Tariff Plan Raises Concerns in Germany: Worsening Economic Crisis and Labor-Management Conflicts

2024-11-28

The tariff plans of U.S. President-elect Trump have caused high anxiety in the German government, which believes the plans will severely damage the global economy. Germanys economy minister supports lowering electricity prices, while mass layoffs at steel giant Thyssenkrupp spark labor disputes. In international trade, Trumps tariff policies could have far-reaching effects on the global economy, and Germany needs to act quickly to respond.

International Trade Situation under the US Tariff Big Stick and Chinas Countermeasures

2024-11-26

This article deeply analyzes the charging standards for fabric export agency in 2025, covering six core fees such as basic service fees, logistics fees, and document processing fees, and provides 3 cost - control suggestions to help you avoid hidden expenses.

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.

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