On April 26 2024, the Standing Committee of the 14th National People's Congress (NPC) approved and announced China's new Tariffs Law. The law is set to take effect on December 1 2024. Alongside this announcement, the State Council's Customs Tariff Commission clarified China’s import and ex...
On February 21, 2023, the Senate of the Philippine Congress formally ratified the RCEP. On April 3, 2023, the Philippines deposited the instrument of ratification of the RCEP to the Secretary-General of ASEAN. According to the RCEP, the agreement will enter into force for the Philippin...
The majority of people crossing into the U.S. illegally are from Latin America. According to U.S. government data the U.S. Border Patrol arrested more than 27,000 Chinese migrants caught illegally crossing the border with Mexico from Oct. 1, 2023-April 30, 2024, part of a shar...
Reuters notedTeslaexports of China made EVs in April-June fell to the lowest level since the third quarter of 2022 when its Shanghai factory operations were largely suspended during a Covid lockdown. Europe is the largest export market for Tesla EVs made at the Shanghai plant. The report ad...
In support of the national project for producing commercial zero flour, the Iraqi government has approved the local sale of wheat to licensed public and private mills at prices equivalent to the import price of similar wheat delivered to Umm Qasr Port. This move aims to enhance local flour ...
Europe Is Slapping Tariffs on Chinese Electric Vehicles — for Now. Here's What to Know More Ng Han Guan FILE - Jerry Gan, CEO of Geely Auto Group unveils the Galaxy Starship a new technology flagship AI-driven SUV prototype during Auto China 2024 in Beijing, ...
SEOUL, March 17 (Korea Bizwire)— South Korea said Thursday it plans to cut import tariffs on neon, xenon and krypton — key material gases used for chipmaking — to zero next month in a bid to ease a potential supply crunch amid the Ukraine crisis. The government said it plans to lo...
Xiaomi’s entry with its SU7 sedan, delivering 7,000 vehicles in April and increasing to 8,630 in May, poses a challenge to NIO, potentially closing the gap as Xiaomi ramps up production. Roadblocks From the EU NIO stock declined over 60% in 2023, trading well below its initial IPO p...
Other Chinese automakers, eager to convince Europeans that their cars are fun to drive and more affordable than models made by European companies, are also looking for ways to avoid the tariffs. Chery, a Chinese car manufacturer, announced in April that it would begin producing electric vehicles...
Although the policy document was signed and published on April 25, 2023, its official status is currently unclear, as it has not been published on the Ministry of Mines and Energy website. Ngo Son said it is expected to go into effect in the coming weeks, but an implementation schedu...