Mexico Overtakes Canada As Top US Trade Partner

Mexico Overtakes Canada As Top US Trade Partner

Recent data indicates that Mexico has surpassed Canada to become the United States' largest goods trading partner. This flourishing US-Mexico trade demonstrates the resilience and depth of North American trade, particularly fostering mutually beneficial cooperation in agricultural products. The China Chamber of Commerce in Mexico is dedicated to promoting Sino-Mexican trade and providing businesses with more opportunities. Now is the opportune moment to capitalize on this new era of US-Mexico trade.

01/30/2026 Logistics Industry Insights
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Guide to Doortodoor Shipping Incoterms Methods and Costs

Guide to Doortodoor Shipping Incoterms Methods and Costs

This article delves into the "Door-to-Door" service in foreign trade, elaborating on its definition, advantages, relevant Incoterms (DDP), comparison with other delivery methods, cost structure, and key considerations. It aims to help foreign trade enterprises better understand and utilize "Door-to-Door" services, ultimately improving the efficiency of international trade. The article provides a comprehensive overview of this convenient shipping option and its implications for businesses engaged in global commerce.

01/30/2026 Logistics Encyclopedia
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Holiday Retail Sales Surge After Strong November

Holiday Retail Sales Surge After Strong November

November retail data showed strong performance, suggesting potential growth for the holiday shopping season. Data from the Commerce Department and NRF indicated both month-over-month and year-over-year increases in retail sales. However, the post-Thanksgiving sales decline serves as a reminder against excessive optimism. Improved economic fundamentals and stable supply chains support holiday spending. Looking ahead to 2015, consumer spending faces both opportunities and challenges, requiring retailers to maintain cautious optimism.

02/03/2026 Logistics Industry Insights
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Chinas COSCO Adapts to Shifts in Global Trade

Chinas COSCO Adapts to Shifts in Global Trade

China COSCO Shipping Corporation (COSCO), as the flagship of China's shipping industry, has become a global leader in the maritime sector through diversified business layout and global strategic expansion. Its vast fleet size, extensive route network, and significant role in the 'Belt and Road' Initiative, enable it to play a crucial role in global trade. COSCO's influence spans across various shipping segments, solidifying its position as a key player in facilitating international commerce and logistics.

02/02/2026 Shipping Company Encyclopedia
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Italy Expands Mediterranean Ports to Boost Trade

Italy Expands Mediterranean Ports to Boost Trade

Italy boasts several important maritime ports, including Genoa, Gioia Tauro, Naples, Livorno, and Venice. These ports play a crucial role in the Italian economy and global trade due to their strategic geographical locations and advanced facilities. They serve as vital bridges connecting Italy to the rest of the world, facilitating international commerce and contributing significantly to the nation's economic prosperity. Their efficient operations and connectivity are essential for Italy's participation in the global marketplace.

02/02/2026 Port Encyclopedia
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WCO Standardizes Global Customs Procedures to Boost Trade Efficiency

WCO Standardizes Global Customs Procedures to Boost Trade Efficiency

The World Customs Organization (WCO) actively promotes the standardization, harmonization, and security of global customs data through the work of the Data Model Project Team (DMPT) and the Information Management Sub-Committee (IMSC). By developing data models, revising maritime standards, and exploring emerging technologies, the WCO strives to build a more efficient, secure, and convenient global trade environment. This work lays a solid foundation for global trade connectivity and facilitates seamless international commerce.

02/03/2026 Customs Knowledge
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US Slaps Heavy Duties on Chinese Float Glass

US Slaps Heavy Duties on Chinese Float Glass

The US Department of Commerce announced high anti-dumping and countervailing duties on float glass from China. Chinese companies face dumping margins ranging from 151.29% to 181.54%, which will significantly impact China's exports of float glass to the United States. Malaysian companies face relatively lower dumping margins, with some even being determined to have zero dumping. This decision is expected to further strain trade relations between China and the US in the glass industry.

02/12/2026 Customs Knowledge
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Renminbi Gains As Digital Payments Evolve Globally

Renminbi Gains As Digital Payments Evolve Globally

This paper analyzes the global payment status of RMB, Twitter username auctions, and changes in European consumer payment preferences based on SWIFT data, Twitter trends, and ECB consumer payment research. The RMB remains the fifth most active currency globally. Twitter is exploring username auctions to increase revenue. ECB research shows a decline in cash payments and the rise of digital payments. These trends are collectively shaping the future of finance and commerce.

02/11/2026 International Settlement
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Flexport Clarifies Customs Duty Exclusions in Shipping Quotes

Flexport Clarifies Customs Duty Exclusions in Shipping Quotes

Flexport's quotes typically exclude customs duties due to their variability, influenced by numerous factors. Additional costs may arise from inspections, port fees, and other related charges. To effectively manage expenses, it's recommended to accurately estimate duties, allocate a sufficient budget, and ensure compliant declarations. Proactive planning and adherence to regulations are crucial for cost control in cross-border transactions.

11/03/2025 Customs Knowledge
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