Good morning everyone! Today's exchange rate and the latest news in foreign trade. Here is today's economic and trade morning report
1. Ministry of Commerce: Has deployed to carry out a special action to combat the smuggling and export of strategic minerals.
2. China Automobile Association: In June, automobile exports reached 592,000 units, a year-on-year increase of 22.2%.
3. The second round of negotiations for the upgrade of the China-Switzerland Free Trade Agreement is held in Switzerland.
4. Myanmar leader Min Aung Hlaing wrote to Trump, requesting a reduction in tariffs.
5. Brazilian President Lula strongly stated that he will retaliate against the 50% tariffs from the U.S., leading to a sharp decline in the Brazilian exchange rate.
6. Trump announced that the 50% import tariff on copper will take effect on August 1.
7. Up to 50%, Trump again claimed to impose tariffs on eight countries.
8. In the first half of the year, global new ship orders have significantly decreased, with Chinese shipyards still holding a large market share.
9. Shipping prices on the U.S. line have significantly decreased, with the shipping price between China and the U.S. dropping by more than 60% in one month.
10. Houthi forces attacked a cargo ship again, sinking it with six missiles.
