The US government announced on Aug 15 that it will impose additional tariffs of 10 percent on Chinese goods worth about $300 billion in two batches, effective from Sept 1 and Dec 15, respectively.
The China National Textile and Apparel Council said that, since 2019, due to the weakening of the international economy and the rising risk and an unstable trade environment, the export pressure of the textile industry has increased significantly from the same period last year.
The names of six new pilot free trade zones which have recently completed the government approval process are expected to be released soon, China Securities Journal reported in July.
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China will step up measures to support the growth of cross-border e-commerce, the State Council decided at an executive meeting on July 3.
The US Commerce Department said on July 2 it would impose duties of up to 456 percent on certain steel products produced in South Korea or Taiwan that are then shipped to Vietnam for minor processing and finally exported to the United States.