Amid a complex and volatile global trade environment, Dutch semiconductor giant ASML maintains its mid-term targets for fiscal year 2030 unchanged, expecting revenue to double. The rapid development of AI technology is a key factor in ASMLs commitment to these targets, while the company also faces challenges from the Chinese market. ASML is actively managing risks and seeking collaboration opportunities to achieve long-term business growth and market expansion.
The latest data shows that in the first 10 months of 2024, Chinas total import and export volume with APEC economies reached 21.27 trillion yuan, a year-on-year increase of 5.7%, hitting a record high. Meanwhile, China continues to implement anti-dumping measures on EU brandy to protect domestic industries. With the advancement of the Belt and Road Initiative, Chinas trade cooperation with the Asia-Pacific region has deepened, and it will continue to promote global supply chain optimization and industrial upgrading in the future.
U.S. presidential election results show that candidate President Trump has won, with his proposed tariff policies becoming a market focus. This article analyzes the potential impacts of Trumps tariff policies on the U.S. and global economy, including inflation, consumer purchasing power, GDP, exports, and global trade tensions, while offering coping strategies for businesses and market participants.
November 18, 2024 13: 50
The latest report of S&P Global Ratings expresses concerns about the tariff policy proposed by former US President Donald Trump during his 2024 campaign, pointing out that high tariffs may trigger inflation and affect the US credit rating. The report predicts that the implementation of the tariff policy may have a negative impact on the US economy, including an increase in the consumer price index, a drag on GDP, and an intensification of global trade tensions.
China, Azerbaijan, and Kazakhstan have signed an agreement to jointly build a new logistics center at Baku Port on the Caspian Sea, marking another significant advancement in regional cooperation under the Belt and Road Initiative. The new center will enhance the efficiency of trans-Caspian trade routes, promote economic development in Central Asia and the Caucasus region, and strengthen regional economic integration.
The U.S. government has ordered TSMC to cease exporting high-end AI chips to China starting November 2024, implementing rapid export controls via notification letters. This directly impacts Chinas semiconductor and AI industries, intensifying Sino-U.S. tech competition, with profound implications for global tech landscapes and international trade relations.
The 7th CIIE Concludes Successfully with Record-Breaking Scale, Showcasing Global Companies Confidence in Chinas Economy. The article provides a detailed analysis of the current state of import and export trade, new trade trends, and adjustment directions and strategies, emphasizing the appeal of Chinas mega-sized market and the importance of global trade cooperation.
In the first 10 months of 2024, Russian wine imports plummeted by 33%, mainly due to the imposition of tariffs on “hostile countries”. The Russian government plans to increase tariffs from 25% to 50% to support the local industry. At the same time, Russian wine exports increased by 20%, and Georgias market position rose. The tariff policy affects global trade, and wine-producing countries need to adjust their strategies.
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