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.
Customs clearance of goods exported to India will be affected if the value of goods is not submitted. Ukraine readjusts tariffs.
An extraordinary summit of the African Union (AU) opened in Niamey, the capital of Niger, July 7, with the announcement of the establishment of the African Continental Free Trade Area (AfCFTA), which will create a new channel for foreign investment in the African market. The deal was reached after four years of tough bargaining.