May 5, 2022 Economic and Trade Consulting
1. The Office of the United States Trade Representative announced on the 3rd that the two actions to impose tariffs on Chinese goods exported to the United States based on the results of the ‘301 Investigation’ four years ago will end on July 6 and August 23 this year, respectively. With immediate effect, the office will initiate a statutory review process for the relevant actions. In a statement on the same day, it said that it would inform representatives of domestic industries in the US that benefit from the tariffs on China that the relevant tariffs may be lifted.
2. The US Federal Open Market Committee(FOMC) announced its latest interest rate decision on Wednesday, local time, raising the benchmark interest rate by 50 basis points to a range of 0.75%-1.00%, in line with market expectations. It will begin to shrink the balance sheet at a monthly pace of US $47.5 billion from June 1, and gradually increase the cap of the reduction to $95 billion per month within three months.
3. According the date released by the Ministry of Commerce, in the first quarter, the bilateral trade volume between China and the EU reached 205.87 billion US dollars, a year-on-year increase of 12.2. Among them, Sino-European trade in mechanical and electrical products, light industrial commodities and high-tech products increased by 10%, 19% and 31% respectively. China-EU trade in intermediate goods reached $84.26 billion, accounting for 40.9% of China-EU trade.
4. Recently, data released by the Ministry of Transport showed that in the first quarter, the domestic and foreign trade trends of China’s ports were significantly different, and the port’s cargo throughput was 3.63 billion tons, a year-on-year increase of 1.6%. Among them, domestic trade throughput increased by 4.6% year-on-year; foreign trade throughput decreased by 4.7% year-on-year.
- We will be exhibiting at Euroguss 2024 in Nuremberg from 16 to 18 January 2023-11-24 11
- Germany KIND&CO company visited Ningshing 2023-10-25 34
- Ningshing supplies the corresponding steel for the Southeast Asian market 2023-10-24 30
- D2 Narrow steel bar processing 2023-10-17 26
- Build a high-quality steel brand - Ningshing is always on the road 2023-10-13 30
- Ningshing Precision Machinery Group won the first prize of Zhejiang Province Enterprise management modernization innovation achievements 2023-10-11 51
- Corporate social responsibility 2023-10-10 34
- NINGSHING Package for Tool Steel 2023-10-07 34
- Packaging and delivery of mold frames 2023-09-27 48
- September 21, 2023 Today’s Economic and Trade Consulting 2023-09-21 51
- Ningshing technical inspection 2023-09-20 50
- Bring together new forces and new future | Ningshing Holding holds 2023 new employee induction training 2023-09-19 30
- Ningbo Ningshing Precision Machinery set up "Zhejiang Postdoctoral Workstation" 2023-09-14 47
- September 13, 2023 Today’s Economic and Trade Consulting 2023-09-13 38
- September 6, 2023 Today’s Economic and Trade Consulting 2023-09-06 49
- CNC plate sawing machine 2023-09-01 62
- Mold material distribution and type 2023-08-31 51
- August 29, 2023 Today’s Economic and Trade Consulting 2023-08-29 50
- August 22, 2023 Today’s Economic and Trade Consulting 2023-08-22 55
- August 17, 2023 Today’s Economic and Trade Consulting 2023-08-17 67