The REX IT system has been developed by the European Commission. The Member States of the European Union, Generalized System of Preferences (GSP) beneficiary countries, and Overseas Countries and Territories (OCTs) can use the system.
Effective July 6, 2018, the U.S. Trade Representative imposed additional duties on goods of China with an annual trade value of approximately $34 billion as part of the action in the Section 301 investigation of China’s acts, polices and practices related to technology transfer, intellectual property, and innovation. These goods are classified in 818 8-digit subheadings of the Harmonized Tariff Schedule (HTSUS) and are known as “list 1” of the Section 301 tariffs.
China's index of export container transport edged down in the past week, according to the Shanghai Shipping Exchange.
China-US West Coast ocean rates have climbed 17% in the past week due to tight capacity and an “unexpected” jump in demand, lifting rates to their highest level since January 2019, according to digital rates specialist Freightos.
China's imports of both semi-finished and finished steel products surged in April, as prices and demand in China were stronger than in other markets. The strong imports are likely to continue into Q3, as import orders placed by Chinese buyers have remained robust in June