Foreign trade industry news-July 11

July 11, 2025

USD/RMB exchange rate: 7.1758

① Up to 50%, Trump announced that he would impose tariffs on 8 countries again

② Trump announced that the 50% import copper tariff will take effect on August 1

③ Brazilian President Lula made a tough statement to counter the US 50% tariff, and the Brazilian exchange rate plummeted

④ Global new ship orders fell from a high level in the first half of the year, and Chinese shipyards still won half of the market

⑤ Saudi Arabia’s government procurement mandatory list added 105 local products

⑥ Chile’s SEC released a draft regulation update for heat pumps/electric hammer drills/electric irons

⑦ Indonesia released IMT technical standards for telecommunications equipment and wireless equipment

⑧ US shipping prices fell from a high level, and China-US shipping prices fell by more than 60% in a month

⑨ Houthi armed forces attacked the cargo ship again, and 6 missiles caused it to sink

⑩ Major case of agricultural product smuggling in China and the Philippines: 31 containers were detained and the company involved was permanently banned


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