I. Global Trade Regulations

1.The United States has announced that it will exempt some Chinese goods from Section 301 tariffs until November 29. These exemptions, which were originally scheduled to expire on August 31, 2025, cover commodity categories such as pump components, chemical materials, electronic components, and medical supplies. (Zhejiang Council for the Promotion of International Trade)

2.Mexico will raise tariffs on goods imported from China, covering automobiles, textiles, plastic products, footwear, etc., to protect its domestic enterprises from the "impact" of low-cost goods and "align with the United States" in terms of diplomacy and economy. (Trade Night Voyage)

3.The European Union (EU): Plans to remove tariffs on some U.S. goods. It will grant preferential market access to some seafood and non-sensitive agricultural products, and extend the duty-free treatment for lobsters. (Zhejiang Council for the Promotion of International Trade)

II. Foreign Trade Information

1.In response to the United States revoking the "Validated End-User" authorization for three semiconductor enterprises including Samsung operating in China, the Ministry of Commerce stated that this move by the U.S. side is driven by self-interest, which will have a significant adverse impact on the stability of the global semiconductor industrial chain and supply chain, and China opposes this. (Xinhua News Agency)

2.New breakthrough in the Southeast Asian beef market: Brazil and Indonesia have reached a meat trade agreement. Indonesia will fully open its market to Brazilian bone-in beef, beef offal, and processed meat products. (Ministry of Commerce of the People's Republic of China)

3.China's maritime shipping volume to Europe hit a new high in the first half of this year. In the first six months of this year, China's cargo transportation volume to Europe increased by 8.9% year-on-year to 9.57 million twenty-foot equivalent units (TEUs), setting a new high for the same period. (News Network)

III. Overseas Expansion Information

Pop Mart expects its full-year revenue to be no less than 30 billion yuan. In April this year, it carried out a global organizational structure adjustment and established regional headquarters in the Greater China Region, the Americas Region, the Asia-Pacific Region, and the Europe Region.

By meeting users' diverse category and IP needs and refinedly improving operational efficiency, Pop Mart has achieved substantial growth: the Asia-Pacific Region grew by 257.8%, the Americas Region increased by 1,142.3% year-on-year, and the Europe and Other Regions rose by 729.2% year-on-year.

Pop Mart is exploring emerging markets such as the Middle East, Central Europe, and Central and South America. It will open its first store in Qatar in the Middle East in the second half of the year, and it is expected that the number of overseas stores will exceed 200 by the end of 2025. (36Kr Global)