Global Trade Deficit Grows in North America and Europe

Global Trade Deficit Grows in North America and Europe

Hackett Associates' "Global Trade Pulse" report reveals a widening import-export gap in North America and Europe, reflecting a growing global trade imbalance. The report analyzes import and export data, influencing factors, and potential risks. It proposes strategies to address the trade imbalance, emphasizing the importance of international cooperation and policy adjustments. The widening gap highlights the need for proactive measures to mitigate potential economic consequences and foster a more balanced and sustainable global trading system. The report serves as a crucial resource for policymakers and businesses navigating the complexities of international trade.

01/15/2026 Logistics Industry Insights
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Dongguans Foreign Trade Jumps in Early 2025

Dongguans Foreign Trade Jumps in Early 2025

In the first two months of 2025, Dongguan's total foreign trade import and export value increased by 21.7% year-on-year, reaching 228.38 billion yuan. Import and export to ASEAN saw significant growth. Private enterprises were the main driving force behind the increase, with general trade accounting for more than half. Exports of high-tech products led the way, while traditional industries also maintained growth. This strong start for Dongguan's foreign trade is driven by both internal and external factors, indicating a positive trend in economic transformation and upgrading.

11/03/2025 Logistics Industry Insights
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Customs Exemption Codes Explained and Applications

Customs Exemption Codes Explained and Applications

This article elaborates on the definition and application of customs duty exemption codes, categorizing them into five main types: statutory taxation, statutory duty exemptions, and more. It focuses on the codes for general taxation and duty-free aid imports and exports, including their applicable scopes. Furthermore, it emphasizes the importance of understanding customs policies for optimizing customs clearance processes and managing costs effectively.

07/21/2025 Logistics Encyclopedia
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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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New Guide Explains HS Codes for Soybean Seed Exports

New Guide Explains HS Codes for Soybean Seed Exports

This article analyzes the basic information of soybean for planting (HS Code: 1201100000), including export tax rates, declaration elements, and relevant regulatory provisions. It outlines the agreement tax rates and RCEP tax rates, providing companies with a comprehensive reference to optimize their international trade strategies.

08/05/2025 HS Code Query
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ATA Carnet Simplifies International Trade for Businesses

ATA Carnet Simplifies International Trade for Businesses

The ATA Carnet serves as a duty-free passport for international trade, allowing businesses to temporarily import goods into over 80 countries and regions without customs duties. By simplifying customs procedures, it helps companies reduce costs and enhance cross-border business efficiency, making it a vital tool for promoting international trade.

08/05/2025 Customs Knowledge
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Guide to Fire Extinguisher Export Compliance and Shipping

Guide to Fire Extinguisher Export Compliance and Shipping

This article provides a detailed overview of the necessary documentation for exporting fire extinguishers via sea freight. It covers basic documents, dangerous goods documents, and other potentially required paperwork. A thorough explanation of the Dangerous Goods Packing Certificate, cylinder certificate, and limited quantity certificate is included. The importance of proper packaging and labeling is emphasized. The article also offers helpful tips to assist exporting companies in successfully navigating the sea freight export process for fire extinguishers.

10/16/2024 Logistics Encyclopedia
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Global Xanthate Export Challenges Key Insights and Trends

Global Xanthate Export Challenges Key Insights and Trends

This article details the sea freight export process for Class 4.2 dangerous goods, specifically Xanthates (Yellow Xanthate). It analyzes the challenges in booking, packaging, and container loading, providing detailed steps and precautions for Yellow Xanthate export from Shanghai Port. The importance of selecting a professional freight forwarder, complying with regulations, and enhancing communication is emphasized. This guide aims to provide practical operational guidance for relevant enterprises involved in the export of Yellow Xanthate as a dangerous good via sea freight.

03/01/2024 Logistics Encyclopedia
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