Herms Raises US Prices Due to Tariff Pressures

Herms Raises US Prices Due to Tariff Pressures

Faced with US tariffs on EU imports, Hermès plans to raise prices in the US market to offset the impact. This highlights the complex influence of international trade, tariff policies, and exchange rate fluctuations on luxury goods pricing, as well as the strategic choices brands make in balancing profit margins with market share. Consumer loyalty is crucial, and Hermès needs to closely monitor market dynamics and innovate its business model to address the challenges. The price increase reflects a direct response to the imposed tariffs and aims to maintain profitability amidst these economic pressures.

11/03/2025 Customs Knowledge
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ICC Principles Promote Green Economy in Global Trade

ICC Principles Promote Green Economy in Global Trade

The International Chamber of Commerce's principles for sustainable trade and trade finance provide a framework for assessing the sustainability of trade, focusing on environmental and socioeconomic development. The principles aim to direct funding toward sustainable trade by clearly defining standards, reducing the risk of greenwashing, and supporting a balance between economic growth and environmental protection.

08/05/2025 Logistics Industry Insights
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Maersk Launches New Platform to Help Global Supply Chains Tackle Tariff Fluctuations

Maersk Launches New Platform to Help Global Supply Chains Tackle Tariff Fluctuations

Maersk has launched the 'Maersk Trade & Tariff Studio' platform to help businesses navigate the complexities of global tariffs and trade regulations. The platform offers features such as a tariff calculator, trade insights, and expert consulting, enabling companies to ensure compliance, optimize costs, and maintain a competitive edge in the ever-changing landscape of international trade.

07/17/2025 Logistics
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Customs General Administration And Ningbo Shipping Exchange Deepen Cooperation To Promote Global Trade Index Development

Customs General Administration And Ningbo Shipping Exchange Deepen Cooperation To Promote Global Trade Index Development

The General Administration of Customs' Global Trade Monitoring and Analysis Center has signed a memorandum of cooperation with the Ningbo Shipping Exchange to engage in in-depth collaboration in global trade research and index construction. This partnership aims to leverage big data analysis to enhance the responsiveness of trade markets and support the development of both domestic and international trade.

07/28/2025 Logistics
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China's FTZs Boost Trade Efficiency with Innovative Reforms

China's FTZs Boost Trade Efficiency with Innovative Reforms

The Free Trade Zone has enhanced trade facilitation and customs efficiency through innovative regulation and experience replication, successfully lowering warehousing and logistics costs. The pilot free trade zones in Zhejiang, Shaanxi, Liaoning, and Sichuan have implemented effective measures to support various types of trade, significantly boosting enterprise competitiveness and market participation. The simplification of customs processes and the application of technology have made import and export trade increasingly efficient, driving regional economic development and changing the market landscape.

07/29/2025 Logistics
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The Risk of Blocking the Strait of Hormuz: Disruption of Global Shipping and Supply Chains

The Risk of Blocking the Strait of Hormuz: Disruption of Global Shipping and Supply Chains

The risk of blocking the Strait of Hormuz has intensified, as the Iranian parliament passes a resolution that could severely impact the shipping industry. Shipping companies have implemented detour measures, significantly increasing transport costs, which may lead to a rise in global prices. The closure of the Strait of Hormuz will directly affect oil and gas supplies, posing a threat to global economic stability.

07/11/2025 Logistics
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The Core of Global Cargo Transportation A Comprehensive Analysis of the Importance of Freight Documentation

The Core of Global Cargo Transportation A Comprehensive Analysis of the Importance of Freight Documentation

This article discusses the significance of freight documentation in international cargo transportation, covering key documents such as bills of lading, commercial invoices, and packing lists. It emphasizes the crucial role of documentation management in reducing logistics costs and enhancing transportation efficiency, aiming to assist enterprises in gaining a competitive edge in global trade.

07/23/2025 Logistics
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Foreign Trade Policy Briefing Event Helps Enterprises Tackle Challenges

Foreign Trade Policy Briefing Event Helps Enterprises Tackle Challenges

In the context of a complex and ever-changing international trade situation, foreign trade enterprises face numerous challenges. To address this, Bao'an District organized a foreign trade policy briefing. The event provided policy interpretations aimed at enhancing companies' risk resistance and seizing market opportunities, thereby promoting the quality improvement and stable development of foreign trade enterprises.

05/20/2025 Logistics
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Customs General Administration Promotes Innovation and Development Measures in Processing Trade

Customs General Administration Promotes Innovation and Development Measures in Processing Trade

The General Administration of Customs has introduced new measures to promote stable growth in foreign trade and encourage innovation in processing trade. By optimizing management models and supporting high-tech and environmentally-friendly repair services, the transition of processing trade towards higher-end segments is accelerated. Additionally, the simplification of approval processes reduces the burden on enterprises, providing convenience for the healthy development of foreign trade.

07/21/2025 Logistics
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