Trade The Indian government plans to limit sugar exports to 10 million tonnes in the marketing year ending in September. Myanmar's foreign trade volume increased by US$218 million year-on-year. According to the data, the export value of 4 Vietnam and Myanmar reached 1.080506 billion US dollars and the import value reached 1.160886 billion US dollars. Brazil has announced tariff reductions and exemptions for a variety of goods. On the 24th, the Brazilian Ministry of Economy announced a reduction in import tariffs on beans, meat, pasta, biscuits, rice and building materials by 10%, valid until December 31, 2023. The [...]

Trade alert Coated paper: The United States made the second double-reverse sunset review final ruling on industrial damage. Recently, the US International Trade Commission voted to make the second anti-dumping and anti-subsidy sunset review of the coated paper imported from China and Indonesia. India: The export tariff of iron ore is raised to 45%-50%; the import tariff on anthracite, PCI and coking coal is cancelled; the tax rate of some plastic products raw materials is lowered. Trade South Korea's trade deficit widened in the first 20 days of May. According to the Korea Customs Service (Customs), South Korea's [...]

Trade The Ministry of Finance of India: Raised the export tariff of its iron ore on May 22, among which the export tariff of iron ore of different iron grades and varieties was raised to 45%-50%; the import tax rate of coking coal and coke was increased from 2.5% % and 5% to 0 tariffs; the export tariffs on hot-rolled, cold-rolled and coated coils with a width of more than 600 mm will be increased from 0% to 15%. Indonesia: Plan to lift palm oil export ban on May 23. Thailand: Continue to ease foreign exchange controls. In [...]

China China Youth Daily: The "2021 China E-sports Industry Internet Attention Analysis Report" shows that women account for a slightly higher proportion of potential followers of Weibo, at 52.07%. In 2020, the proportion of female e-sports users in China is 34%, an increase of 4%. Video games and e-sports competitions have become one of the important forms of entertainment for hundreds of millions of female users. The entire gaming and esports community is reassessing the prospects of the women's market. MIIT: From a global perspective, China has become the world's largest lithium battery consumer market for five consecutive [...]

Trade alert Hinged link: Turkey made the second anti-dumping sunset review final ruling. Recently, the Turkish Ministry of Trade issued an announcement saying that the second anti-dumping sunset review of the hinged chain originating in China was made a positive final ruling, and it was decided to continue to levy an anti-dumping duty of US$1,200/ton on the products involved. The Turkish tax numbers of the products involved are 7315.11.90.00.11, 7315.11.90.00.19, 7315.12.00.00.11, etc. Trade India: Easing ban on wheat exports. The Indian government announced on May 17 that it would relax the temporary ban on wheat exports. Wheat shipments [...]

Trade India: In order to control the rise in commodity prices in the domestic market and ensure sufficient domestic food supply, the export of wheat is immediately banned. The ban is not permanent. India is currently the second largest wheat producer in the world. Industry China JD.com: In 2021, the turnover of pre-made dishes will increase by 156% year-on-year, of which 36-45 year olds are the main consumers, accounting for 36% of sales; the number of purchases by Generation Z people will increase by 137% year-on-year. In addition, first- and second-tier cities are more accepting of pre-made dishes, [...]

Industry From January to April, China's steel exports were 18.156 million tons, down 29.2% year-on-year; imports were 4.174 million tons, down 14.7% year-on-year. SMIC: The second and third quarters will be dominated by materials at this year's new price level. It is expected that the price increase of raw materials, labor costs and other costs will increase operating costs by 10%. In addition, the depreciation of equipment with new production capacity is high, which may affect the second quarter gross profit margin. World The British Prime Minister has ordered a fifth of the cuts, or about 91,000 civil [...]

Trade alert Argentina: Preliminary anti-dumping ruling on atomizers. Preliminary anti-dumping ruling was made on atomizers originating in mainland China and Taiwan, China, and it was decided to levy temporary anti-dumping duties at the lowest price: US$25.36/set for the products involved in the case in mainland China, and US$24.97/set for the products involved in Taiwan, China set. Brazil: Reduce import duties for some products. On May 11, the Brazilian Ministry of Economy announced that in order to alleviate the impact of high inflation on production and life in the country, the Brazilian government officially reduced or exempted import tariffs [...]