On May 14, the United States, in a recent move, announced its intention to impose additional tariffs on $18 billion worth of Chinese imports.

According to the People's Daily, new progress has been made in the China-Serbia Free Trade Agreement. China has announced that the agreement will officially come into effect on July 1st of this year。

During the "May Day" holiday, the offshore Chinese yuan (CNH) exchange rate against the US dollar saw a notable rise, recapturing the key 7.2 level.

Both China and Ecuador have completed their respective domestic approval procedures, and the agreement will officially come into effect on May 1, 2024

According to Agence France-Presse, electric car manufacturer Tesla announced on the 23rd that its net profit in the first quarter of this year sharply declined by 55%, primarily due to intensified competition and continuous pressure on the electric car market

The data indicates that in 2023, China's international market share for exports was 14.2%, and for imports, it was 10.6%, both remaining relatively stable compared to 2022

In the early hours of the 11th, the exchange rate of the Japanese yen against the US dollar in the foreign exchange market in New York dropped sharply due to the possibility of the United States temporarily refraining from interest rate cuts. The rate, which was previously considered the Japanese government's tolerance line at 152 yen to the US dollar, plummeted to 153.168 yen to the US dollar.

English Translation: Latest Global Trade Information

Due to sanctions imposed by the United States and the European Union on Russia, domestic banks and financial institutions in Russia have been affected. Many banks have announced the suspension of their receipt services for transactions involving Russia, including some state-owned banks, joint-stock banks, and third-party cross-border payment platforms.

A profound maxim in the foreign trade industry for 2024: "If you don't go abroad, you'll be left behind," reveals the survival rule amidst intense competition in the international market.