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The Baltimore Bridge collapse caused damage to important transportation hubs, and Maryland declared a state of emergency.The accident is expected to have a major impact on the global supply chain, especially on the automotive and coal industries, exacerbating already fragile supply chain tensions.

In the face of farmers’ tractor demonstrations in Brussels, the EU has revised the Common Agricultural Policy to make important concessions, including providing income support, reducing administrative burden, and taking a more flexible stance on environmental policy to seek a balance between agricultural production and environmental protection.

For not applying for export license, the export of high content of uranium oxide was seized by the customs of Shanghai Pudjiang and fined 47,3 thousand yuan.This case highlights the need for enterprises to strengthen compliance awareness to ensure that the export of two-use items complies with national safety regulations.

The EU plans to carry out the most comprehensive reform of customs legislation since 1968 to address the challenges posed by cross-border e-commerce, including the establishment of data centers, new types of corporate credit management, and significant adjustments to the tax and compliance requirements of cross-border e-commerce platforms, which could significantly increase the tax burden of Chinese companies.

Under pressure from U.S. trade unions, the U.S. government may impose restrictions on the Chinese shipbuilding industry, which could provide market opportunities for competitors such as South Korea.

South Koreas Minister of Industry and Commerce Resources, Andrgen, announced that the government will strongly support the semiconductor industry, especially in the field of high bandwidth memory and AI chips, to an export target of $120 billion annually.