I. New Trends in Global Trade Regulations

1. China-US joint statement released on August 12: Both sides will suspend the additional 24% tariff for 90 days, while retaining the remaining 10% tariff. China will suspend or cancel non-tariff countermeasures against the United States. (Xinhua News Agency)

2. New US customs regulations -> upgraded inspections: Starting from August 25, 2025, major adjustments will be made to the inspection and transportation procedures for containerized goods at the Port of Los Angeles/Long Beach (LA/LB). This move aims to address the recent frequent issues of evading customs inspections and strengthen cargo supervision. (China Trade Remedy Information Network)

3. The US government "takes a cut" from chip exports to China: As a condition for obtaining export licenses to the Chinese market last week. NVIDIA has agreed to hand over 15% of the sales revenue from its H20 chips in China, and AMD will also provide the same proportion from the revenue of its MI308 chips to the US government. (China Trade Remedy Information Network)

II. Foreign Trade News

1. The average tariff rate of the United States has significantly soared to 20.11%, much higher than the 2.44% at the beginning of the year. The global trade volume affected has skyrocketed from $288.46 billion at the start of the year to the current $2.747 trillion. (Xinhua News Agency)

2.South Korea: Expected to become the world's second-largest exporter of beauty products. In the first half of this year, South Korea's cosmetics export value reached $5.5 billion, a year-on-year increase of 14.8%, hitting a record high. (Ministry of Commerce)

3.WTO: Service trade growth slowed down in Q1 2025. In Q1 2025, the growth rate of global service trade slowed to 5%, approximately half of the growth rates in 2024 and 2023. (CNR.cn)

III. Overseas Expansion News

The global eyewear market has reached a scale of 100 billion US dollars and has now entered a period of steady growth. Driven by factors such as the rapid development of AI smart glasses, it holds substantial growth potential in the future.

China, being the world's second-largest eyewear market, leads globally in terms of eyewear export scale, with the emergence of new forces in brand globalization. China is the world's largest exporter of eyewear. According to Trade Map, calculated by export value, China's eyewear exports accounted for 58.60% of the global market share in 2023, nearly six-tenths, far outpacing other countries.

In 2024, China's cumulative export value of eyewear products was approximately 7.736 billion US dollars, a year-on-year increase of 4.42%. Exports of finished glasses, sunglasses, contact lenses, and other categories all witnessed growth in both volume and value. The export of contact lenses was particularly remarkable. From January to October 2024, the export volume was about 60.13 million pairs, soaring by 177.93% year-on-year.（ECF）