I. Overseas Market News

The "rigid demand gap" in global power grid upgrades has directly opened up a trillion-yuan market for Chinese equipment exports, driven by the resonance of domestic and international policies and surging global demand shortfalls.

Major investment plans from core Western economies have been intensively rolled out, becoming a solid "engine" for overseas demand. Power grid equipment in the U.S. has an average service life of over 40 years, with 70% of transformers long past their service life; the EU plans to invest 1.2 trillion euros in grid modernization by 2040, with 730 billion euros directly allocated to distribution grids.

Focus on four high-booming segments: transformers and core components, ultra-high voltage (UHV) equipment, smart meters, and high value-added supporting equipment—these are the areas with the largest global demand gaps. (36Kr Overseas)

II. Global Trade Regulations

1.The Mexican government has officially issued new tariff rules, incorporating temporary tariff measures targeting non-free trade agreement partners into the General Import and Export Tax Law, covering 1,463 tariff codes with rates as high as 25%–50%. Asian countries including China, India, and South Korea are all included. ( Legal Affairs Department, Jiangsu Council for the Promotion of International Trade)

2.U.S. courts have restarted the legal battle over Trump-era tariffs on small parcel imports. Over the past year, Trump signed multiple executive orders suspending the long-standing tariff exemption for imported goods with a retail value of no more than $800. (Sina Finance)

3.China-related trade frictions: Multiple EU countries have notified non-compliance of various Chinese products via the Rapid Alert System for Non-Food Products (RAPEX), involving plastic toys, balloons, dollhouses, gloves, fireworks, mugs, electric scooters, etc. (Trade Law Tong)

III. Foreign Trade News

1.Data released by the General Administration of Customs shows that in the first two months of this year, China’s total import and export value of goods trade reached 7.73 trillion yuan, a year-on-year increase of 18.3%. The growth rate has returned to double digits, hitting a record high for the same period in history. (National Business Daily)

2.The Eurasian Economic Union has initiated an anti-dumping sunset review investigation on Chinese crawler bulldozers, specifically the second sunset review on crawler bulldozers originating from China with fixed and rotating blades and a power rating of no more than 250 horsepower. (China Trade Remedy Information Network)

3.Mexico has initiated a second anti-dumping sunset review investigation on reinforced steel wire ropes originating from China, Spain, and Portugal. The products involved fall under TIGIE tariff codes 7217.10.02, 7312.10.01, 7312.10.05, 7312.10.07, 7312.10.08, and 7312.10.99. ( China Trade Remedy Information Network)