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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Yangpu Abu Dhabi Ports Partner to Expand Chinaarab Trade

Yangpu Abu Dhabi Ports Partner to Expand Chinaarab Trade

The establishment of a sister port relationship between Yangpu Port and Abu Dhabi Port marks a new stage in China-Arab economic and trade cooperation. Both sides will strengthen collaboration in port construction, shipping services, and green energy, leveraging the advantages of Hainan Free Trade Port and Abu Dhabi Free Zone. The aim is to build a dense route network, enhance the regional hub roles of both ports, and promote economic and trade exchanges between China and the Arab world. This partnership is expected to boost maritime connectivity and facilitate increased trade flows.

11/03/2025 Logistics
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Global Trade Relies on Cargo Insurance for Risk Mitigation

Global Trade Relies on Cargo Insurance for Risk Mitigation

Cargo insurance is vital in international trade, mitigating various risks during transportation, such as natural disasters, accidents, and theft, safeguarding businesses' financial interests. It also fulfills contractual obligations, builds customer trust, and complies with regulations in some countries, ensuring smooth customs clearance. Purchasing cargo insurance is a prudent decision, providing security for your trade operations.

11/03/2025 Logistics Encyclopedia
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China Post Expands South China Air Hub for Global Logistics

China Post Expands South China Air Hub for Global Logistics

China Post Group announced the upcoming launch of the South China Postal Aviation (International) Hub Center to support Guangzhou in building an international logistics center and enhance the competitiveness of Baiyun Airport as an international hub. Currently, four operation centers have been established at Baiyun Airport, with a daily mail processing capacity of over 5 million pieces. Future investments will focus on developing an aviation hub in the Guangdong-Hong Kong-Macao Greater Bay Area, forming a comprehensive aviation logistics hub connecting the globe.

11/03/2025 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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Secrets of the Shipping Industry: Unveiling the Roles of Document Centers and Branch Offices

Secrets of the Shipping Industry: Unveiling the Roles of Document Centers and Branch Offices

This article explores the differences between document centers and branch offices in the shipping industry, as well as the crucial role of document centers in bill of lading preparation. It also discusses the geographical distribution of document centers across shipping companies and the approval process for hazardous materials, highlighting their significant impact on shipping efficiency.

07/18/2025 Logistics
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US Japan Philippines Sign Trade Pact to Ease Shipping Delays

US Japan Philippines Sign Trade Pact to Ease Shipping Delays

The United States recently signed a new trade agreement with Japan and the Philippines to promote economic cooperation and enhance trade fluidity. However, with the increase in trade, serious congestion in trans-Pacific shipping has emerged, necessitating measures to ensure transport efficiency and ensure mutual benefits for the three countries.

07/24/2025 Logistics
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China Customs Updates Rules for Amending Origin Declarations

China Customs Updates Rules for Amending Origin Declarations

This article details the necessary documents for changing the domestic origin of goods on a customs declaration. These documents include domestic trade contracts, VAT invoices, VAT invoice certification lists, explanatory statements, payment slips, and foreign trade contracts. This information aims to help foreign trade companies efficiently complete the customs clearance process.

08/23/2025 Customs Knowledge
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