Thai Baht Weakens Against US Dollar in Latest Analysis

Thai Baht Weakens Against US Dollar in Latest Analysis

As of August 9, 2025, 1,000 Thai baht can be exchanged for approximately 30.94 US dollars, with 1 US dollar valued at around 32.32 baht. The Thai baht exchange rate has remained stable over the past 30 days, reaching a high of 0.03097 dollars and a low of 0.030795 dollars, indicating overall market stability that supports international trade.

Nonseed Yellow Soybeans HS Code and Tax Rates Explained

Nonseed Yellow Soybeans HS Code and Tax Rates Explained

This article analyzes the customs code, tax rate policy, and market position of non-food yellow soybeans (commodity code 1201009100). It emphasizes the importance of this product in international trade and its tax burden advantages, aiming to assist companies in seizing business opportunities.

Newark Port A Comprehensive Overview of a Trade Hub on the US East Coast

Newark Port A Comprehensive Overview of a Trade Hub on the US East Coast

Newark Port serves as a major automotive and timber import hub on the East Coast of the United States, boasting a strategic location that links New York with international markets. It is not only an industrial center for Delaware but also plays a significant role in the economic development of the U.S. This article provides an in-depth analysis of the geographic, economic, and historical background of Newark Port.

US Imports Shift As Tariffs and Supply Chains Evolve

US Imports Shift As Tariffs and Supply Chains Evolve

A Panjiva report indicates a slight month-over-month decrease in US imports for August. However, tariff concerns led to significant front-loading by companies. Hurricane-related factors also introduced uncertainty. In response to trade frictions, businesses need to diversify sourcing, optimize supply chains, and adapt to the new normal of global trade.

Flexport Hires Philip Levy As Chief Economist to Boost Trade Analysis

Flexport Hires Philip Levy As Chief Economist to Boost Trade Analysis

Dr. Philip Levy is the Chief Economist at Flexport, renowned for his deep economic background and keen insights into global trade. He combines academic research with practical experience, leveraging Flexport's unique freight data to provide valuable information on global trade trends to the market. Dr. Levy actively participates in public policy discussions, significantly impacting global trade and economic development. His work offers a data-driven perspective on the complexities of international commerce, making him a respected voice in the field.

Trade War Fears Raise Recession Risks for Freight Sector

Trade War Fears Raise Recession Risks for Freight Sector

Escalating global trade tensions and the trade war are profoundly impacting the freight economy, leading to slower economic growth, increased inflation, and cautious business investment. Declining consumer confidence could trigger a recession, and policy uncertainty further amplifies market risks. Businesses need to closely monitor macroeconomic trends, deeply analyze market data, and leverage advanced technologies to navigate these challenges. Understanding the interplay between trade disputes, freight activity, and overall economic health is crucial for strategic decision-making in this volatile environment.

WCO Unveils Plan to Modernize Global Trade Systems

WCO Unveils Plan to Modernize Global Trade Systems

The World Customs Organization (WCO) Permanent Technical Committee (PTC) meeting approved several instruments for submission to the Policy Commission (PC) and Council. The meeting focused on topics such as data strategy, trade facilitation, and e-commerce, aiming to improve customs efficiency and promote international trade development. Representatives from the United Kingdom and Indonesia were elected as the new chair and vice-chair, respectively. The approved instruments are expected to further streamline customs procedures and enhance global trade cooperation within the WCO framework.