Core Viewpoint - China's foreign trade maintained resilience in the first half of the year, achieving total growth, quality improvement, and controllable variables despite a complex international environment [1][4]. Group 1: Total Growth - In the first half of the year, China's total import and export volume reached 21.79 trillion yuan, a year-on-year increase of 2.9%, with the growth rate accelerating by 0.4 percentage points compared to the first five months [1]. - Exports exceeded 13 trillion yuan for the first time in history during the same period, showing a rapid growth of 7.2% year-on-year [1]. - Imports totaled 8.79 trillion yuan, experiencing a year-on-year decline of 2.7%, but the decline was narrowed by 1.1 percentage points compared to the first five months [1]. - The second quarter saw a year-on-year growth of 4.5% in total trade, accelerating by 3.2 percentage points from the first quarter, marking seven consecutive quarters of growth [1]. Group 2: Quality Improvement - Chinese foreign trade enterprises have capitalized on the global energy transition trend, increasing the supply of high-quality green products and exploring new fields [2]. - Exports of electromechanical products reached 7.8 trillion yuan, a year-on-year increase of 9.5%, accounting for 60% of total exports [2]. - High-end equipment related to new productive forces grew by over 20%, while "new three samples" products representing green and low-carbon initiatives increased by 12.7% [2]. Group 3: Controllable Variables - China expanded its trade partnerships, with imports and exports to over 190 countries and regions increasing, and the number of trading partners with a trade volume exceeding 50 billion yuan rising to 61, an increase of five compared to the previous year [2]. - Trade with traditional markets like the EU, Japan, and the UK grew, while emerging markets contributed significantly, with imports and exports to Africa and Central Asia increasing by 14.4% and 13.8% year-on-year, respectively [2]. - The fluctuation in import growth is attributed to uncertainties in international trade policies and falling prices of bulk commodities, which significantly impact China's import growth [3].

据央视新闻报道，当地时间7月10日，美国总统特朗普表示计划对几乎所有尚未加征关税的贸易伙伴征 收15%或20%的统一关税。这一消息瞬间在国际社会掀起波澜，而在此之前，特朗普的关税大棒早已四 处挥舞，其中巴西的强硬回击尤为引人注目，成为首个退回美国关税信函的国家。 当地时间7月9日，特朗普通过其社交媒体平台"真实社交"发布了致巴西总统卢拉的信。信中言辞激烈， 指责巴西联邦最高法院对前总统博索纳罗进行"政治迫害"。博索纳罗与特朗普在两人担任总统期间关系 密切，目前博索纳罗在巴西面临审判。特朗普还以巴西"攻击自由选举和美国人言论自由的基本权利"等 为由，宣布美国将从8月1日起对巴西所有输美产品征收50%的关税，这一税率是目前他宣布对各国加征 关税中的最高值 。 巴西总统卢拉（资料图） 而从国际舆论来看，众多分析认为特朗普的关税政策缺乏合理依据。美国Axios新闻网称，特朗普正试 图利用美国的经济实力来影响另一个国家的内政，为他的盟友谋取利益。英国《卫报》评论称，特朗普 对巴西的关税可能有助于卢拉明年连任，因为博索纳罗家族的行为可能被解读为"不爱国、反巴西" 。 特朗普（资料图） 特朗普在信中声称，巴西的"关税、非关 ...

Group 1 - The article highlights the aggressive unilateralism and expansionism of the Trump administration, particularly through a global tariff war aimed at China, with tariffs on Chinese goods skyrocketing from 34% to 245% in a short span [1][3] - In response to U.S. tariffs, China retaliated by raising tariffs on U.S. goods to a maximum of 125%, indicating a potential stalemate in trade relations if tariffs continued to escalate [3][5] - The Chinese government utilized strategic communication, such as the release of a video titled "Not Kneeling," to unify domestic opinion and bolster morale against U.S. tariff aggression [5][12] Group 2 - The article discusses how Trump's core interest lies in maintaining his power and political base, rather than purely financial gains, which influenced his approach to negotiations with China [7][9] - The U.S. strategy shifted to countering China's influence in Asia and ASEAN, with Trump sending tariff letters to various Asian countries to isolate China from global supply chains [11][12] - The article notes that despite the appearance of a thaw in U.S.-China relations, the underlying strategy of containment and competition against China remains consistent across U.S. political parties [9][12] Group 3 - The article emphasizes that the U.S. is attempting to create a facade of improved relations with China to mislead other countries and undermine their ties with China [12][14] - Southeast Asian nations are increasingly recognizing the U.S. tactics and are expressing support for multilateral cooperation, indicating a potential shift in regional alliances [16]

Core Insights - In the first half of the year, China's total goods trade import and export value reached 21.79 trillion yuan, marking a historical high for the same period, with a year-on-year growth of 2.9% [1] - Exports amounted to 13 trillion yuan, a year-on-year increase of 7.2%, while imports were 8.79 trillion yuan, showing a decline of 2.7% [1] - The second quarter saw a 4.5% year-on-year growth in trade, accelerating by 3.2 percentage points compared to the first quarter, maintaining growth for seven consecutive quarters [1] Trade Performance - Exports of electromechanical products reached 7.8 trillion yuan, up 9.5% year-on-year, accounting for 60% of total exports [1] - High-end equipment related to new productive forces grew by over 20%, while "new three samples" products, representing green and low-carbon initiatives, increased by 12.7% [1] - The import growth was driven by domestic demand expansion, with significant increases in imports of petrochemical, textile, and machinery equipment, as well as key electronic components and important raw materials like crude oil and metal ores [1] Trade Entities and Partners - There were 628,000 foreign trade enterprises with import and export performance, surpassing 600,000 for the first time, an increase of 43,000 from the previous year [2] - Private enterprises accounted for 547,000, with a 7.3% growth in import and export, making up nearly 60% of the total trade value [2] - Trade with countries involved in the Belt and Road Initiative reached 11.29 trillion yuan, a growth of 4.7%, representing 51.8% of total trade value [2] Economic Outlook - The overall performance of China's foreign trade in the first half of the year was characterized by stable growth in scale and improved quality, despite challenges from global unilateralism and protectionism [2] - Recent trade talks in Geneva and London have shown positive progress, with a recovery in China-U.S. trade, as June's import and export value exceeded 350 billion yuan, significantly narrowing the year-on-year decline [2]

Core Viewpoint - China's foreign trade demonstrates strong resilience amidst complex international conditions, with significant growth in exports and imports, reflecting a strategic expansion of trade partnerships and adaptability to global market changes [2][3][4]. Trade Performance - In the first half of 2025, China's total goods trade reached 21.79 trillion yuan, marking a 2.9% year-on-year increase, with exports growing by 7.2% and imports by 2.3% [2]. - June 2025 saw a total trade volume of 3.85 trillion yuan, a 5.2% increase year-on-year, with exports at 2.34 trillion yuan (up 7.2%) and imports at 1.51 trillion yuan (up 2.3%) [3]. Trade Partners and Markets - China expanded its trade relationships, achieving growth in exports and imports with over 190 countries and regions, including a notable 14.4% increase in trade with Africa [3]. - The number of trade partners with a trade volume exceeding 50 billion yuan increased to 61, up by five from the previous year [3]. Trade with the United States - Trade with the U.S. saw a decline in the second quarter, with a year-on-year drop of 20.8%, but there was a recovery in June, with trade values rising from under 300 billion yuan to over 350 billion yuan [4]. - For the first half of 2025, trade with the U.S. decreased by 9.3%, with exports down 9.9% and imports down 7.7% [4]. High-Technology Products and E-commerce - High-tech product exports grew by 9.2%, with significant increases in sectors like lithium batteries and industrial robots, which saw a 61.5% rise in exports [5]. - Cross-border e-commerce maintained growth, with total imports and exports reaching approximately 1.32 trillion yuan, a 5.7% increase year-on-year [6]. Business Confidence and Foreign Investment - Confidence among foreign trade enterprises is recovering, with a steady increase in the number of exporting companies, reaching over 50,000 in the first half of 2025 [8]. - Private enterprises led the growth in exports, with a 7.3% increase, accounting for 57.3% of total foreign trade [8][9]. - Foreign investment in China remains strong, with 7.5 million foreign enterprises engaged in trade, marking a new high since 2021 [10][11].

7月14日，国新办就2025年上半年进出口情况举行新闻发布会。海关总署副署长王令浚介绍，面对单边 主义、保护主义，我们不断扩大"朋友圈"，拉紧经贸合作纽带，大力提振企业信心，共同应对外部环境 的急剧变化。上半年，我国对190多个国家和地区进出口实现增长，贸易规模超过500亿元的伙伴数量达 到61个，比去年同期增加了5个。在对欧盟、日本、英国等传统市场实现增长的同时，新兴市场贡献了 更多的增量，上半年对非洲进出口1.18万亿元，增长14.4%，对中亚进出口3572亿元，增长13.8%。"爬 坡过坎，关键是提振信心"。最新一期中国海关贸易景气调查结果显示，出口企业和进口企业信心都连 续两个月回升。 ...

Core Viewpoint - The Customs General Administration emphasizes that while China's foreign trade has shown stable growth in the first half of the year, significant efforts will be required to maintain this momentum in the second half due to increasing global unilateralism and protectionism [1] Group 1 - The Deputy Director of the Customs General Administration, Wang Lingjun, stated that China's foreign trade has achieved stable growth and improved quality in the first half of the year, which is a commendable achievement given the challenging circumstances [1] - The growth in foreign trade is attributed to the centralized and unified leadership of the Party, as well as the collaborative efforts of various local departments and foreign trade enterprises [1] - Despite the positive performance, the external environment remains complex and uncertain, necessitating continued hard work to sustain foreign trade growth in the latter half of the year [1]

Core Insights - The Chain Expo serves as a bridge connecting global industrial and supply chains amidst rising unilateralism in international trade [1][6] - China is accelerating the construction of a new development pattern that emphasizes domestic circulation while promoting international cooperation [2][4] - The expo showcases China's commitment to open cooperation and its role as a leader in global supply chain innovation [5][6] Group 1: Event Overview - The third Chain Expo will be held from July 16 to 20 in Beijing, featuring six major supply chains including advanced manufacturing, clean energy, and digital technology [1] - The expo aims to demonstrate the resilience of supply chains and the importance of multilateral cooperation in addressing global challenges [1][3] Group 2: Economic Implications - The Chain Expo enhances China's ability to allocate global resources and reflects global partners' confidence in the Chinese market [3][4] - It serves as a practical platform for the dual circulation strategy, facilitating online and offline integration to transform traditional foreign trade [3][4] Group 3: Strategic Importance - The expo is pivotal in optimizing domestic industrial layout and increasing international economic cooperation partners [4][5] - It promotes high-value industries such as smart manufacturing and green energy, helping domestic companies upgrade and adapt to international competition [5][6] Group 4: Global Cooperation - The Chain Expo aims to build a diversified international market network, reducing reliance on traditional markets and enhancing stability [5][6] - It sends a clear message that open and inclusive cooperation is essential for mutual benefit in the face of trade protectionism [6]

Group 1 - The U.S. President Trump threatened to impose a 50% tariff on goods imported from Brazil unless Brazilian President Lula stops the "political persecution" of former President Bolsonaro [1][3] - The total trade volume between the U.S. and Brazil is approximately $92 billion, with a U.S. trade surplus of $7.4 billion against Brazil [3] - Trump's proposed tariffs are the highest globally, raising questions about the motivations behind targeting a surplus country like Brazil [3][5] Group 2 - Brazilian Vice President Alckmin criticized the tariffs as unjust, highlighting that over 80% of U.S. imports from Brazil enjoy zero tariffs [1][5] - Lula emphasized Brazil's independence and the significant trade surplus the U.S. has maintained with Brazil over the past 15 years, amounting to $410 billion [5] - The tariffs are expected to negatively impact both Brazilian exports and the U.S. juice industry, particularly affecting products like orange juice [7][8] Group 3 - The tariffs have led to a nearly 3% drop in the Brazilian real against the dollar, affecting Brazilian companies listed in the U.S. [7] - Brazil's GDP is only 1.7% dependent on trade with the U.S., indicating that Brazil can survive without this trade [7][8] - The U.S. unilateral tariff actions have sparked global criticism and may accelerate regional economic integration, particularly among emerging markets [12][14]

Group 1 - The article discusses the negative impact of Trump's tariff threats on American consumers, particularly in the beverage industry, where orange juice prices could double and thousands of jobs may be lost [3][5] - Brazil controls 80% of the global orange juice trade, making it difficult for the U.S. to find alternative sources, while Boeing faces potential order cancellations due to its reliance on the Brazilian market [3][5] - The backlash against Trump's tariffs has led to bipartisan criticism within the U.S., with Republican Senator Rand Paul condemning the tariffs for harming American jobs [3][5] Group 2 - The conflict between the U.S. and Brazil has escalated into a global issue, with Brazil's President Lula publicly criticizing U.S. unilateral tariff policies at the BRICS summit, which violate WTO rules and disrupt global supply chains [5][7] - Other BRICS nations, including India and South Africa, have expressed support for a multipolar world and have begun to formulate their own countermeasures against U.S. tariffs [5][7] - Canada and the EU are preparing their own retaliatory measures, with Canada threatening to cut off lithium supplies and the EU readying a €21 billion counter-list targeting U.S. products [5][7] Group 3 - President Lula's strong response to Trump's accusations includes the implementation of the Economic Reciprocity Law, imposing 50% tariffs on various U.S. products, including agricultural goods and consumer items [9][11] - Lula emphasized Brazil's sovereignty and rejected U.S. control, highlighting that 80% of U.S. goods in Brazil enjoy zero tariffs, labeling U.S. accusations as bullying [9][11] Group 4 - Brazil's cooperation with China is strengthening, as evidenced by Lula's recent visit to Beijing and the signing of a memorandum for the "Two Oceans Railway" project, which contrasts with U.S. practices [11][13] - The trade volume between Brazil and China reached $83.4 billion in the first half of the year, significantly reducing Brazil's dependence on the U.S. market [11][13] - Brazil's ability to conduct trade in local currencies with China further diminishes U.S. financial benefits from Brazilian trade [11][13] Group 5 - Trump's claims of unfair trade practices with Brazil are contradicted by U.S. trade data, which shows a $410 billion trade surplus with Brazil over the past 15 years [13] - The underlying motive of Trump's letter appears to be an attempt to influence Brazilian judicial proceedings against former President Bolsonaro, raising concerns about U.S. interference in foreign governance [13] - Lula's rejection of Trump's letter signifies a broader challenge to U.S. hegemony and a push for respect for national sovereignty in the context of global multipolarity [13]