Overseas Updates
On Dec 24, 2025, India's Revenue Department issued Notice 37/2025 Customs (ADD), accepting the positive final anti-dumping ruling on Vietnamese Calcium Carbonate Filler Masterbatches (HS code 38249900) and imposing 5-year anti-dumping duties (0-75 USD/ton). The investigation started in Sep 2024, with final ruling on Sep 27, 2025.
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US third-quarter 2025 GDP grew 4.3% year-on-year (higher than Q2's 3.8%), driven by consumer spending, exports and government spending. First quarter had negative growth, Q4 expected to slow, 2025 full-year growth predicted at 2% or lower.
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On Dec 22, 2025, the German Economic Research Institute reported Germany's exports to the US dropped nearly 8% YoY in Jan-Sep 2025 due to US tariffs, with auto, chemical and machinery (pillar industries) accounting for 70% of the decline. Exports fell below 2022 levels. Suggestions include reducing US dependence, developing new markets like South America, India and Indonesia, and enhancing domestic industrial competitiveness.
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In 2025, the EU economy demonstrates resilience with 1.4% moderate growth, stable inflation near the ECB's target, but faces weak growth, trade frictions, energy transition challenges, and regional disparities, requiring deeper reforms to unlock potential.
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Japan plans to cancel the consumption tax exemption for cross-border e-commerce goods under 10,000 yen in FY2026, affecting Chinese platforms like Temu and Xiyin and pushing up Japanese prices. Global countries (US, EU) are tightening similar policies; China's cross-border e-commerce needs adjustments but its advantage remains.
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The Dutch Central Bank released its 2025 autumn economic forecast on Dec 19, showing 2025 growth at 1.7% (above expectation), 2026-2027 at 1.2% & 1.1%. Trade and government spending drive growth, while corporate investment faces challenges; fiscal policy has limited expansion room.
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China's trade surplus reflects global division of labor and market rules. US/Europe adopt zero-sum thinking, double standards (subsidies, tech blockades) harming themselves. China actively expands imports (zero tariffs, CIIE) to promote balanced trade, calling for open global cooperation.
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The WTO has authorized the EU to impose countermeasures against the US over their olive trade dispute. The WTO arbitration ruled the EU can impose annual countermeasures worth up to $13.64 million. The US imposed tariffs on Spanish olives since 2018, which the WTO previously found violated rules. The US said the ruling won’t affect its anti-dumping duties, while a Chinese commerce researcher emphasized the WTO’s role in multilateral trade.
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GTAI forecasts Germany's 2025 exports up 0.6% to ~1.6T euros, imports up 4.4% to ~1.4T (surplus ~200B, lowest since 2012 except 2020-22). Exports to China down 10% (7th place), US down7.3%; imports from China up7%+. Industries face mixed challenges; Ifo warns trade crisis could last 10 years.
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南非贸易部长Parks Tao称南非受益于贸易协定,2024外贸额1997亿美元,2025年贸易顺差持续;中国为最大贸易伙伴,南非推进AfCFTA建设,应对全球贸易变化,农业出口增长,正与美谈判AGOA后续。
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Reference News Network reported the surge in developed countries' standards harms developing countries' trade. The World Bank notes standards are crucial "intangible infrastructure" but mainly set by powerful nations; developing countries have low participation (e.g., <1/3 ISO seats) and high compliance costs, becoming trade barriers. It recommends adapting standards to development stages and active international organization participation.
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On Dec 16, 2025, US ITC initiated 337 investigation (337-TA-1464) into evaporator devices, cartridges & components. Plaintiffs JUUL Labs & VMR Products claimed patent infringement, seeking exclusion order/injunction. Defendants are Glas Inc & LLC. ITC will set end date within 45 days; relief orders take effect on issuance, final on 60th day unless USTR vetoes.
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