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Latest Developments In Sino-US Trade Negotiations

Jun 25, 2019

1. Latest developments in Sino-US trade negotiations

On June 24, Liu Heying, member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council, and Chinese leader of the China-US Comprehensive Economic Dialogue, spoke to US Trade Representative Wright Heze and Finance Minister Mnuchin. According to the instructions of the two heads of state, the two sides

Exchange of views on economic and trade issues. Both parties agreed to continue to communicate.

2, the US-Iraq conflict escalated, the shipping company changed the route, and recently shipped to the Middle East, please pay attention!

The conflict between the United States and Iraq continues, and the market for upgrading the Middle East route has been severely hit. Maersk, the world's largest shipping company, has just announced that it will change the route of navigation in the area. It is foreseeable that there will be more shipping companies to adopt coping strategies.

! Please note that in the near future, foreign trade & freight forwarders who have shipped to countries along the Persian Gulf such as Oman, UAE, Kuwait, Iraq, Saudi Arabia, please pay attention to cargo delays & safety!

3. U.S. suspended C-TPAT qualification for Mediterranean shipping

On the 22nd, according to foreign media reports, the largest drug smuggling case in the history of the United States: a container ship named MSC Gayane owned by Mediterranean Shipping (MSC) found 16 tons of drug cocaine. MSC will be suspended

The 90-day eligibility of C-TPAT means that within the next three months, MSC's container ships will no longer enjoy the status of “trusted traders”, increasing the risk of delays in their shipments.


4. Vietnam levies temporary anti-dumping duties on some steel products in China

The Ministry of Industry and Trade of Vietnam said that since this week, temporary anti-dumping duties will be imposed on some steel products imported from China. The above-mentioned department announced that the anti-dumping tax rate imposed on some painted steel products imported from China is 3.45%-34.27%.

, effective from Tuesday (25th). At the same time, Vietnam will impose an anti-dumping duty of 4.48%-19.25% on similar products of three Korean companies, but some products that cannot be produced in Vietnam are not affected by temporary anti-dumping measures.

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