Uschina Trade War Escalates Stoking Global Recession Fears

Uschina Trade War Escalates Stoking Global Recession Fears

The escalating US-China trade war, with reciprocal tariffs reaching 125%, severely impacts the global trade system, potentially triggering an economic recession and geopolitical fragmentation. Businesses and individuals need to proactively respond by diversifying markets, adjusting supply chains, and enhancing skills to collectively face the challenges and turn crises into opportunities. The trade tensions pose significant risks to global economic stability and require strategic adaptation for businesses to navigate the evolving landscape.

11/03/2025 Customs Knowledge
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Timorleste Updates Customs Tariff with WCO Backing

Timorleste Updates Customs Tariff with WCO Backing

At the request of Timor-Leste, the World Customs Organization (WCO), through the WCO-Norad project, provided technical assistance to support the country's tariff update from HS 2012 to HS 2017. This initiative aims to enhance Timor-Leste Customs' commodity classification capabilities, integrate into the ASEAN Economic Community, and promote trade facilitation and economic development. The project encompassed tariff assessment, gap analysis, training guidance, and system upgrades, contributing to the modernization of Timor-Leste Customs.

11/03/2025 Customs Knowledge
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Key Incoterms Crucial for International Trade Success

Key Incoterms Crucial for International Trade Success

This article discusses the importance of Incoterms® (International Commercial Terms) and the changes in its latest version, emphasizing the role of clearly defined responsibilities and cost allocation in international trade. It aims to help readers effectively reduce transaction risks and enhance the efficiency of cross-border transactions.

08/05/2025 Logistics Encyclopedia
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Commercial Invoices Vital for Global Trade Experts Say

Commercial Invoices Vital for Global Trade Experts Say

A commercial invoice is an essential document in international trade that includes key information such as the country of origin, supplier and consignee details, and product descriptions to ensure compliance with customs requirements. Accurately completing a commercial invoice helps improve customs clearance efficiency and facilitates smooth international transactions.

08/07/2025 Document Interpretation
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USD to CHF Exchange Rate Trends for Travelers Investors

USD to CHF Exchange Rate Trends for Travelers Investors

This article provides the latest exchange rate information between the US dollar and the Swiss franc, emphasizing the importance of understanding exchange rate fluctuations for cross-border travel and international transactions. Readers can use this information to effectively plan their budgets and mitigate the impacts of exchange rate volatility.

08/08/2025 Exchange Rate Query
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Guide to Using Banco Santander Brazils SWIFTBIC Code

Guide to Using Banco Santander Brazils SWIFTBIC Code

This article discusses the importance of the SWIFT/BIC code BSCHBRSPSPO of BANCO SANTANDER (Brazil) S.A. It emphasizes the significant impact of accurate SWIFT code usage on international remittances, enabling users to easily acquire essential information for their transactions and ensuring that funds reach their destination safely and promptly.

09/04/2025 International Settlement
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