India’s trade deficit widened more-than-expected last month, as inbound shipments rose more than exports https://t.co/4KL2orFPHv ...

A cargo of Indian diesel is heading to China, in what would be first such shipment since 2021, with oil product exports from Russia-linked Nayara Energy in a state of limbo following the latest round of European Union sanctions https://t.co/dUQBqaQhCV ...

Business Impact of Tariffs - Tariffs have reduced the volume of business for Cocona Labs [1] - Uncertainty regarding ultimate pricing due to tariffs is causing customers to delay placing orders [8] - Cocona Labs absorbed a 165% tariff on exports to China, eating 10% of it [9] - China's retaliatory tariff of 145% would have been devastating to Cocona Labs [10] - Increased yarn prices due to tariffs impact the price of finished products [13] - Tariffs lead to higher costs, reduced business, and consumers ultimately paying the price [16] - A 15% to 20% effective tariff is anticipated [17] - Paying a 165% tariff on master batch exports to China, absorbing 10% of it, is unsustainable long term [19] Company Strategy - Cocona Labs is ensuring customers have options by shipping masterbatch to various countries to mitigate tariffs [18] - The company is considering moving some manufacturing to China to reduce reciprocal tariffs [18] - Cocona Labs is willing to eat a portion of the tariff, but not the entire amount [21] - The company values its employees and will take measures to avoid layoffs, including potential pay cuts [23][24] Industry & Economic Perspective - The US textile industry has declined, with employment falling from 15 million to 470000 workers as China became the leading producer [5] - There was a 165% tariff on clothing coming from Vietnam before Trump, with an additional 20% negotiated, resulting in a 365% tariff [15] - Broad brush tariffs are not considered effective; a surgical approach is recommended [26] - Non-tariff barriers in China, such as banking and marketing laws, remain a challenge for US companies [27] - Tariffs are seen as taxing inputs, alienating partners, and enraging those who control external markets, which is not a strategy for rebuilding American manufacturers [29]

Trade Performance - China's July exports increased by 8% year-on-year in RMB terms [2] - China's July imports increased by 4.8% year-on-year in RMB terms [2] - China's July trade surplus narrowed to 705.1 billion RMB [2] - China's July exports increased by 7.2% year-on-year in USD terms [2] - China's July imports increased by 4.1% year-on-year in USD terms [2] - China's July trade surplus was 98240 million USD [2] Import & Export Commodities - China's July fertilizer exports increased by 85% year-on-year, reaching 5704000 tonnes [1] - China's July rare earth exports increased by 21% year-on-year, reaching 59943 tonnes [1] - China's July automobile exports increased by 26% year-on-year, reaching 694000 vehicles [1] - China's July integrated circuit exports increased by 16% year-on-year, reaching 31840 million units [1] - China's July soybean imports increased by 18% year-on-year, reaching 11666000 tonnes [1] - China's July crude oil imports increased by 11.5% year-on-year, reaching 47204000 tonnes [1] - China's July copper ore and concentrate imports increased by 18% year-on-year, reaching 2560000 tonnes [1] - China's July coal imports decreased by 23% year-on-year, reaching 35609000 tonnes [1]

Trade Performance - Vietnam's July exports increased by 16% year-over-year to $42270 million, exceeding the expected 14% growth [1] - Rice exports reached 782 thousand tons, a 42% year-over-year increase [1] - Coffee exports for the first seven months totaled 1050 thousand tons, up 69% year-over-year [1] - July imports increased by 178% year-over-year, surpassing the anticipated 152% growth [1] Economic Indicators - July's industrial production index rose by 85% year-over-year, compared to 108% in June [1] - Retail sales in July increased by 92% year-over-year, up from 83% in June [1] - July's CPI increased by 319% year-over-year, lower than the 357% increase in June [1]

The soaring rate is based on exports of Trump’s favourite metal https://t.co/n3HMcwnb9j ...

Trade Strategy - South Africa intends to diversify its export markets in response to the US imposing 30% tariffs on its goods [1] Tariffs Impact - Washington's imposition of 30% tariffs on South African goods is expected to negatively impact the nation's exports [1]

Supply Chain & Trade - Top wheat shippers, including Russia, Ukraine, and the European Union, experienced a slow start to the new season [1] - Adverse weather conditions and farmer stockpiling curbed wheat exports [1]

New Zealand will push for a reduction in the 15% tariff rate imposed on exports to the US by President Donald Trump https://t.co/Z9VLPshzZF ...

Hong Kong economy grew faster than expected in the second quarter, riding on strong exports as global companies frontloaded shipments to avoid tariffs. https://t.co/sKfdbLq9zA ...