Uschina Trade War Escalates Stoking Global Recession Fears

Uschina Trade War Escalates Stoking Global Recession Fears

The escalating US-China trade war, with reciprocal tariffs reaching 125%, severely impacts the global trade system, potentially triggering an economic recession and geopolitical fragmentation. Businesses and individuals need to proactively respond by diversifying markets, adjusting supply chains, and enhancing skills to collectively face the challenges and turn crises into opportunities. The trade tensions pose significant risks to global economic stability and require strategic adaptation for businesses to navigate the evolving landscape.

11/03/2025 Customs Knowledge
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WCO Introduces App to Simplify Global Trade Compliance

WCO Introduces App to Simplify Global Trade Compliance

The World Customs Organization (WCO) has launched the 'HS Browse & Check' App, providing customs professionals and international trade enthusiasts with convenient HS code lookup and regulatory interpretation services. This free app offers the complete HS2022 content, including legal notes, explanatory notes, and classification opinions, helping users efficiently conduct trade operations and make informed decisions. It aims to streamline international trade processes by providing readily accessible information on HS codes and related regulations.

11/03/2025 HS Code Query
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Jordan Faces Trade Hurdles Gains Under WTO Pact

Jordan Faces Trade Hurdles Gains Under WTO Pact

Jordan, under the WTO Trade Facilitation Agreement, is leveraging the WCO Mercator Programme to advance customs pre-arrival rulings, border management, and other trade facilitation measures. Full implementation of the TFA is crucial for the Jordanian economy. The Mercator Programme supports Jordan in modernizing its customs procedures and aligning them with international standards, ultimately aiming to reduce trade costs and improve efficiency. This will enhance Jordan's competitiveness and contribute to sustainable economic growth.

01/05/2026 Customs Knowledge
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Zhejiang Chouzhou Bank Launches NRA Accounts to Streamline Global Trade

Zhejiang Chouzhou Bank Launches NRA Accounts to Streamline Global Trade

The Zheshang Bank NRA account is an ideal choice for foreign trade enterprises, effectively solving cross-border payment collection and foreign exchange settlement issues, and helping enterprises expand into the global market. This account features multiple advantages, including fund freedom, fee reduction, diverse channels, rich currencies, and flexible interest rates. It is suitable for enterprises with overseas trade needs, overseas registered companies, and financial institutions. Choose Zheshang Bank's NRA account for smooth global trade.

12/30/2025 International Settlement
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Cuba Adopts WCO Data Model to Modernize Customs

Cuba Adopts WCO Data Model to Modernize Customs

The World Customs Organization (WCO) supports Cuban Customs in implementing the WCO Data Model through technical assistance. This initiative aims to streamline trade processes, enhance efficiency, and promote data interoperability with other government agencies. The WCO Data Model, serving as a common language for global trade, facilitates the modernization of Cuban Customs by standardizing data elements and information structures. This integration into the global trade system will ultimately improve Cuba's international competitiveness.

01/07/2026 Customs Knowledge
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Firms Use Trade Terms to Mitigate Tariff Risks Gain Edge

Firms Use Trade Terms to Mitigate Tariff Risks Gain Edge

This article explores how to effectively utilize international trade terms (Incoterms® 2020) to manage tariff risks in international trade. It analyzes the allocation of responsibilities under various terms and provides practical recommendations to cope with tariff fluctuations, thereby enhancing the competitiveness of businesses in the global market.

08/05/2025 Customs Knowledge
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New AES System Boosts Efficiency for US Exports

New AES System Boosts Efficiency for US Exports

The Automated Export System (AES) is a crucial tool used by U.S. Customs to streamline the export declaration process. It enables real-time data editing and correction, ensuring export compliance and enhancing the quality of trade statistics, thereby providing enterprises with more efficient support for international trade management.

08/05/2025 Logistics Encyclopedia
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Global Shipping Giant DPDHL Releases Trade Trends Report Ten Major Insights Reshaping the Future of Trade

Global Shipping Giant DPDHL Releases Trade Trends Report Ten Major Insights Reshaping the Future of Trade

The report "DHL Trade Growth Atlas" published by DPDHL Group and NYU Stern School of Business highlights ten major trends in global trade after the pandemic. It points out changes and opportunities in trade growth and supply chain configurations between emerging and developed economies, emphasizing the importance of open trade and international cooperation.

07/24/2025 Logistics Industry Insights
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Pakistan Customs Adopts WCO Data Model to Boost Trade Efficiency

Pakistan Customs Adopts WCO Data Model to Boost Trade Efficiency

Pakistan Customs' WeBOC system integrates with the WCO Data Model to enhance data interoperability, accelerate the development of a Single Window, and contribute to the standardization of global trade data. This integration streamlines customs processes and facilitates seamless data exchange between different systems, ultimately promoting efficiency and transparency in international trade. By adopting the WCO Data Model, Pakistan Customs aligns with international best practices and fosters greater collaboration with trading partners worldwide.

01/05/2026 Customs Knowledge
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Global Trade Uncertainty Challenges Businesses Amid Economic Shifts

Global Trade Uncertainty Challenges Businesses Amid Economic Shifts

The Global Trade Pulse Report reveals a mixed outlook for the global economy. The IMF and OECD have lowered economic growth forecasts, with North American trade data declining, while European exports show strong performance. High inventory-to-sales ratios remain a concern. Businesses should closely monitor market dynamics, flexibly adjust supply chain and inventory management, expand online sales channels, and strengthen risk management to cope with uncertainties.

01/19/2026 Logistics Industry Insights
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