Oil Price Drop Strong Dollar Impact US Manufacturing and Services

Oil Price Drop Strong Dollar Impact US Manufacturing and Services

The ISM report indicates that falling oil prices generally benefit manufacturing by lowering raw material costs, while the non-manufacturing sector is less affected. A stronger USD has a complex impact on manufacturing, reducing import costs but weakening export competitiveness. Non-manufacturing is less sensitive to exchange rate fluctuations as it primarily exports services, not goods. Companies should rationally assess the impact of oil prices and exchange rates and adjust their strategies accordingly.

02/03/2026 Logistics Industry Insights
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HS Code 5901901000 Tax Rates Impact Global Trade

HS Code 5901901000 Tax Rates Impact Global Trade

The HS code 5901901000 refers to oil painting canvases made from other textiles, with an export tax rate of 0%. This supports art trade, while both the value-added tax and export rebate are 13%. This code falls under the category of textile materials and products, contributing to the development of the art market.

08/05/2025 HS Code Query
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Dualfunction Chairs Gain Popularity in Global Furniture Market

Dualfunction Chairs Gain Popularity in Global Furniture Market

The product code 9401409000 refers to a dual-purpose chair that can serve as a bed, specifically classified under furniture items. It has an export tax rate of 0%, with export rebates as high as 13%, while the general import tax rate stands at 100%. This product demonstrates strong multi-functionality and promising market prospects.

08/05/2025 HS Code Query
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US Citrus Exports Face Rising Tariffs Trade Analysis Shows

US Citrus Exports Face Rising Tariffs Trade Analysis Shows

This article provides an in-depth analysis of the export policies and tax rates for fresh or dried other citrus fruits (HS code: 0805900000), including critical information such as a 0% export tax rate and a 9% value-added tax rate. It also discusses relevant declaration elements and the competitive environment in the international market.

08/08/2025 HS Code Query
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New Regulations Streamline Global Art Trade Compliance

New Regulations Streamline Global Art Trade Compliance

The "Interim Provisions on the Administration of Import and Export of Artworks" aims to regulate artwork import and export, clarifying declaration procedures, license application, and customs clearance & inspection processes. Agencies offer license application assistance and customs clearance & inspection services, helping companies achieve compliant and efficient customs clearance, and promoting the standardized development of the artwork market.

08/21/2025 Customs Knowledge
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Legal Regulations Analysis of Logistics Zones and Bonded Zones

Legal Regulations Analysis of Logistics Zones and Bonded Zones

This article analyzes the definitions and functions of bonded zones and international logistics zones. A bonded zone is a special economic area approved by the government, enjoying tax and certificate exemptions, supporting functions such as export processing and re-export trade. The international logistics zone primarily focuses on commodity distribution and, integrating warehousing and multimodal transport functions.

07/17/2025 Logistics Encyclopedia
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Shipping Lines Face Rising Demurrage Fees Causes and Solutions

Shipping Lines Face Rising Demurrage Fees Causes and Solutions

This article provides a detailed overview of the reasons behind reshipment fees charged by shipping companies, identifies potential shipping companies that may levy these fees, outlines payment locations, and suggests effective strategies to avoid incurring them. The aim is to assist foreign trade enterprises in understanding and effectively addressing reshipment fee issues, thereby reducing export costs. It covers the origin, responsible parties, payment process, and preventative measures related to this fee within the context of foreign trade.

08/22/2025 Logistics Encyclopedia
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US Imports Face Stricter Checks at Centralized Examination Stations

US Imports Face Stricter Checks at Centralized Examination Stations

A Central Examination Station (CES) is a designated location by customs for cargo inspection. This article provides a detailed overview of the CES, including its definition, inspection procedures, cost allocation, and strategies for importers. The aim is to help importers better understand the customs inspection process, reduce clearance costs, and ensure the smooth passage of goods through customs. It covers key aspects of the CES process, offering practical guidance for navigating this critical stage of import and export operations.

11/03/2025 Customs Knowledge
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UPS Adjusts China Parcel Fees Affecting Crossborder Ecommerce

UPS Adjusts China Parcel Fees Affecting Crossborder Ecommerce

UPS has adjusted its China export parcel fees, introducing new area surcharges and a 'peak season surcharge,' increasing costs for US importers. Businesses need to adjust their strategies to cope with these changes. This includes exploring alternative shipping options, negotiating rates, and optimizing supply chains to mitigate the impact of the increased fees. Understanding the specifics of these new surcharges and their application is crucial for effective cost management and maintaining competitiveness in the global market.

11/03/2025 Logistics
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Key Points Summary of HS Customs Commodity Classification

Key Points Summary of HS Customs Commodity Classification

This article summarizes the importance, principles, and common issues of HS customs product coding and classification. It emphasizes the crucial role of accurate product classification in enhancing customs efficiency and tax supervision during import and export declarations. Specific principles such as prioritizing detailed and basic features are proposed, along with strategies for classifying sets, loose parts, and components. By gaining an in-depth understanding of product attributes, the article aims to ensure compliance and smooth customs clearance.

07/21/2025 Logistics Encyclopedia
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