US Trade Deficit Widens Amid Tariff Disputes Weak Investment

US Trade Deficit Widens Amid Tariff Disputes Weak Investment

Bloomberg predicts the US trade deficit will hit a record high in May, with the total deficit for the first five months far exceeding levels during the pandemic. A surge in exports from several Asian countries to the US is potentially linked to the temporary expiration of US 'reciprocal tariffs.' Uncertainty surrounding tariff policies has led to a decline in foreign investment inflows into the US. Economists warn this could hinder economic growth. The US needs to carefully consider its tariff policies and strengthen international cooperation to mitigate potential negative consequences.

11/03/2025 Logistics Industry Insights
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Dongguans Foreign Trade Jumps in Early 2025

Dongguans Foreign Trade Jumps in Early 2025

In the first two months of 2025, Dongguan's total foreign trade import and export value increased by 21.7% year-on-year, reaching 228.38 billion yuan. Import and export to ASEAN saw significant growth. Private enterprises were the main driving force behind the increase, with general trade accounting for more than half. Exports of high-tech products led the way, while traditional industries also maintained growth. This strong start for Dongguan's foreign trade is driven by both internal and external factors, indicating a positive trend in economic transformation and upgrading.

11/03/2025 Logistics Industry Insights
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Essential Factors for Accurate HS Code Classification in International Trade

Essential Factors for Accurate HS Code Classification in International Trade

This article provides a detailed analysis of the factors involved in classifying goods using HS codes in international trade, including product types, materials, and composition percentages. It offers specific examples on how to accurately classify products, helping businesses to mitigate risks during the declaration process and ensure compliance with relevant regulations. Mastering these elements is key to enhancing trade efficiency.

07/28/2025 Customs Knowledge
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Proper HS Code Classification for Product Manuals in International Trade

Proper HS Code Classification for Product Manuals in International Trade

This article discusses the classification of HS codes for product manuals in international trade. Product manuals can be imported and exported with machines or separately, leading to different classification methods. When imported and exported with products, they can be classified as 4901; when exported separately, they are classified as advertising printed materials under 4911.1010. Understanding these two scenarios is crucial for accurate reporting, and it is recommended to consult relevant professionals to ensure compliance.

07/28/2025 Customs Knowledge
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Five Common HS Declaration Errors and Compliance Reporting Guidelines

Five Common HS Declaration Errors and Compliance Reporting Guidelines

This article analyzes five common instances of HS declaration irregularities, detailing specific manifestations of the issues and their resulting consequences. By correctly understanding and filling out the declaration elements, unnecessary order returns can be avoided, thereby enhancing clearance efficiency. The article emphasizes the importance of completeness and accuracy of information in international trade.

07/28/2025 Customs Knowledge
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China's Export Dilemma: Buyout vs. Agency Trade Models Compared

China's Export Dilemma: Buyout vs. Agency Trade Models Compared

The difference between buying export and agent export lies in the former referring to exports conducted through an entity with export rights when lacking such rights, while the latter involves an authorized exporter acting as an agent to ensure foreign exchange repatriation. Buying export does not enjoy tax rebates, whereas agent export can apply for them. Understanding these distinctions is crucial for foreign trade operations.

07/28/2025 Customs Knowledge
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