Foreign trade event

Headline
US media revealed that the tariff plan for China may only "cancel 10billion of 370billion"
At the White House press conference on July 5, when the Biden administration will announce tariff adjustment measures to China received widespread attention. In response to relevant questions, White House press secretary Karina Jean Pierre said Biden's team was still discussing specific measures, and no announcement date had been set. "There are many different factors involved, especially because the last administration imposed these tariffs in such a casual and non strategic way," she said. "So we need to find the right way to the American public. We will issue an announcement."
The US media reports quoted three industry officials and a former government official who knew the government plan as saying that the Biden administration will make a final decision within this month, and its tariff plan for China includes three parts:
The first is to abolish the tariffs imposed on $10billion worth of goods, including daily consumer goods such as bicycles. The specific list is still being proposed, but this only accounts for less than 3% of the total tariffs imposed by the United States on Chinese goods worth $370billion since the trump administration.
The second part of the plan is that the U.S. trade representative office will launch a new tariff exemption procedure for U.S. enterprises to import Chinese products, which can be exempted only after the application is submitted and approved by the government.
The third part is to launch a new 301 investigation on "industries heavily subsidized by the Chinese government". The report mentioned China's high-tech industries such as semiconductors and batteries.
The U.S. - China trade National Committee, which represents more than 200 U.S. enterprises operating in China, expressed disappointment at the plan. Doug Barry, the spokesman of the organization, said in a statement to the media that they advocated the complete abolition of tariffs imposed on China.
U.S.A
The N95 masks and melt blown raw materials to be exported to China launched a double anti investigation
Import and foreign trade agency
On June 23, 2022, U.S. senators Tammy Baldwin and Mike Braun sent a letter to U.S. Secretary of Commerce Gina ramondo, calling on the U.S. Department of Commerce to initiate independent anti-dumping and countervailing investigations on respirators, face masks, meltblown raw materials and other disposable medical devices imported from China.
The U.S. senator said in the letter that products made in China, including masks, such as N95 respirators and disposable devices for joint replacement, are being sold to the U.S. market at a price lower than the production cost. In addition, the U.S. Senator also believes that Chinese exporters often receive subsidies from China's national and provincial governments, enabling these producers to reduce their costs and prices to levels that American companies cannot compete.
Argentina
Tighten import exchange control again
Foreign traders exporting to Argentina should pay attention to the high risk warning! Due to the shortage of foreign exchange, Argentina once again tightened the use of imported foreign exchange!
The Central Bank of Argentina issued announcement No. a7532 on June 27, adjusting the regulations of the foreign trade payment system to meet the country's foreign exchange demand for additional energy imports, maintain economic growth and the development of small and medium-sized enterprises, and avoid speculative operations by importers. At the same time, in order to buy more time for the normalization of Argentina's foreign trade, the central bank extended the import foreign exchange control measures to the import financing system of services and non automatic license products for a period of three months to September 30 this year.
Relevant key measures are as follows:
1. The applicable import license (Simi) is class A or class B products: maintaining the simi license, class a products can enter the foreign exchange market according to the lower amount of the following two calculations, that is, the average monthly import volume in 2021 plus 5% or the total import volume in 2020 plus 70%; Class B imported goods can only enter the foreign exchange market for exchange after 180 days of customs clearance in Argentina.
2. Domestic producers of imported goods and luxury goods: the central bank and the Ministry of production and development jointly coordinate to expand the application of foreign exchange control measures to imported products that are also produced in China. The importers of such goods need to enter the foreign exchange market for Foreign Exchange Exchange 180 days later, and luxury goods (such as luxury cars, aircraft and heavy locomotives, etc.) need to be 360 days later.
3. Import of capital goods: the central bank eased the import conditions, and the new regulations allow manufacturers to pay 80% of the purchase price at the place of origin and 20% of the final payment at the time of customs clearance.
4. Trade in services: the import of services will be handled in accordance with the provisions on the import of goods, and the amount of exchange allowed is the amount of imports in 2021. The excess part can only enter the foreign exchange market for exchange within 180 days.
5. Small and medium-sized enterprises: for small and medium-sized enterprises, excluding the current import financing requirements, the approved exchange limit is 15% of the relative import amount in 2021, and is limited to US $1million.
6. Energy and drugs: the above import foreign exchange control will not affect the import of energy and drugs.
In addition, the Central Bank of Argentina issued announcement No. a7535 on June 30, prohibiting banks from providing customers with overseas door-to-door goods or services priced in dollars in Peso instalments from July 4 this year, causing trouble to domestic banks and e-commerce platforms.
According to the new regulations of the central bank, all foreign consumption paid by credit card must be settled at one time or paid with revolving credit interest in the form of monthly minimum payable card fee, and all credit card installment payment preferences are prohibited. This provision applies to overseas transactions for non-commercial purposes, whether in the name of individuals or legal persons, and to goods received through the postal system, couriers or customs procedures.
The measure aims to prevent the outflow of US dollars and prevent people from paying us dollar expenditures in local currency. This model is a common way for Argentines to shop or consume abroad.
Bengal
Announce restrictions on unnecessary imports
The Bank of Bangladesh said in its monetary policy statement for the next year on June 30 that it decided to increase the payment rate to banks when enterprises open letters of credit to purchase luxury goods and non essential goods (such as non grain food and processed products). This move is intended to prevent the import of these goods and reduce the pressure of foreign exchange payment.
On May 10, the Bank of Bangladesh instructed commercial banks to charge up to 75% of the import prepayment to the issuing enterprises that import luxury goods and non essential goods. The central bank further said that it would launch a new refinancing plan to increase the production of imported substitute products and reduce dependence on foreign procurement in order to retain the necessary foreign exchange.
By the first ten days of June, the foreign exchange deposit of this country was US $41.7 billion, which could meet the import demand for 5.5 months.
Foreign traders exporting to Bangladesh must pay attention to the customer's ability to pay.
India
Various types of disposable plastic products will be banned from July 1
Starting from July 1, India will ban the use, sale, import, production and processing of various types of disposable plastic products nationwide in order to reduce plastic waste and rectify environmental pollution.
The first phase of India's "plastic ban" covers 19 types of plastic products, including plastic cups, straws, cotton swabs, etc; Plastic products exempted temporarily include plastic bags and multi-layer packaging films not exceeding the specified thickness. Plastic products such as beverage bottles and potato chip bags are not prohibited, but the Indian government has set recycling targets for domestic manufacturers.
Kishore sampat, President of the Indian Association of plastic manufacturers, said that "the industry is not ready yet". Sampat said that the ban will affect more than 80000 enterprises that make disposable plastics and is expected to cause billions of dollars in losses.
Greece
Extend the low VAT rate of epidemic prevention materials such as masks
Greece's "daily newspaper" reported on June 27 that the Greek Minister of investment and development georgiadys announced that the value-added tax rate on masks, disinfectants and plastic gloves would be maintained at 6% by the end of the year due to the resurgence of the COVID-19 in Greece. The lower value-added tax rate of personal hygiene products will be restored to 24% on July 1. Qiao told the media: "the number of infected people is increasing. This measure will not end temporarily and will be extended for another six months."
Peru
Launch anti circumvention investigation on zippers and their accessories
Recently, the Commission on dumping, subsidies and non-tariff barriers to trade of the National Bureau of competition and intellectual property protection of Peru announced that at the application of Peruvian domestic manufacturer Corporati ó n Rey S.A., it would launch an anti circumvention investigation on zippers and their accessories originating in Chinese Mainland, and examine whether the products involved originated in the case in Chinese Mainland were exported to Peru through Malaysia and Taiwan, China, China, in order to circumvent anti-dumping measures. The investigation period of this case is from June 2017 to April 2022. The Peruvian tax numbers of the products involved are 9607.11.00.00, 9607.19.00.00 and 9607.20.00.00.
policy
The General Administration of Customs has introduced five measures to facilitate and benefit enterprises
In view of the current difficulties of foreign trade enterprises, the General Administration of Customs recently issued five measures to facilitate and benefit enterprises, further helping enterprises to rescue and reduce costs: for those who are unable to pay taxes on time and make up taxes within the specified period due to the epidemic, late fees can be reduced or exempted; Cancel the third-party testing requirements for enterprises to apply for the exemption of customs duties and import link taxes for returned goods; Exempt the enterprise from handling the entry fruit Quarantine License and providing the proof materials of the storage place; Simplify the inspection requirements of imported coatings, and no longer check the coating Filing Certificate; Adjust and optimize the inspection requirements of imported crude oil and coal.