Trade Trends News

[Foreign Trade Updates] Holiday Season Demand Picks Up, Mexico Postpones Tariff Hike, and "Same Line, Same Standard, Same Quality" Policy Advances

【Today's Top Three Foreign Trade Developments】

1. North American Holiday Season Nears, Demand for Chinese Goods Rebounds

     With the year-end shopping season approaching, U.S. retailers are actively stocking up on seasonal goods. Market feedback indicates a noticeable increase in procurement volumes for festive decorations, toys, and household items from China, signaling a gradual return to normalcy in supply chain rhythms.

    ★ Exporters are advised to capitalize on the seasonal order window, with a particular focus on recovering demand in categories like gifts, home decorations, and electronic toys.

2.Mexico Extends Grace Period for Tariffs on Chinese Goods

     The planned tariff increase on certain Chinese imports by Mexico, originally scheduled for implementation this month, has been postponed until December. This move provides affected exporters with more time to adjust orders and logistics arrangements.

    ★ Exporters can utilize this window to optimize supply chain layouts and explore opportunities for market diversification.

3."Three Sameness" Policy Drives Quality Upgrade in Foreign Trade

     China’s State Administration for Market Regulation recently clarified the implementation path for the "Same Line, Same Standard, Same Quality" initiative for products sold domestically and internationally, supporting companies in enhancing their global market competitiveness through standardized production.

    ★ Manufacturing enterprises are encouraged to accelerate the upgrade of their quality management systems and leverage the policy benefits of "one certification, access to dual markets."

【Global News Briefing】

International Developments：

     *The U.S. Senate passed a temporary funding bill, temporarily averting a government shutdown.

     *Japan plans to adjust tourist visa fees starting in fiscal year 2026, the first change in over four decades.

     *The European Union is considering adjustments to its long-term budget proposal to mitigate parliamentary  approval risks.

     *The U.S. federal budget deficit narrowed by $39 billion year-on-year to $219 billion in October.

     *Staff shortages were reported at 17 U.S. airports, with average flight delays of 30 minutes at Nashville Airport.

     *The U.S. temporarily eased certain trade sanctions restrictions on Syria.

     *India reduced its crude oil imports from Russia for December while increasing purchases of U.S. crude.

     *Rifts emerged within the UK's ruling party, with the Health Secretary alleged to be involved in efforts to oust the Prime Minister.

     *Switzerland and the U.S. are expected to reach a 15% tariff agreement this week.

     *SoftBank Group posted a net profit of $16.6 billion for Q2, completed adjustments to its NVIDIA holdings, and increased investments in the AI sector.

     ★ Continued shifts in the international situation are impacting bulk commodity trade; it is advisable to monitor price fluctuations in energy and non-ferrous metals.

Domestic Policies：

     *The PBOC conducted CNY 403 billion in reverse repo operations, resulting in a net injection of CNY 286 billion.

     *SAMR issued "Double 11" operational guidelines, explicitly prohibiting unfair competition practices by platforms.

     *Data from the China Association of Automobile Manufacturers shows the penetration rate of new energy vehicles exceeded 50% in October.

     *China CITIC Bank raised the minimum monthly investment threshold for gold accumulation plans to CNY 1,500, effective November 15.

     *Tax authorities in multiple regions have initiated efforts to recover individual income tax on overseas investment earnings for the past three years.

     *The Shanghai Gold Exchange extended the fee waiver for Hong Kong Inquiry Contracts on its International Board until the end of 2026.

     *The NDRC held a symposium on service industry development, soliciting input for the "15th Five-Year Plan" period.

     *The Ministry of Commerce stated it will continue discussions with the U.S. regarding export control policies.

     *The Ministry of Industry and Information Technology is seeking public comments on mandatory national standards for power bank safety.

     *Vanke received additional credit support from its major shareholder, Shenzhen Metro Group, bringing the total credit obtained year-to-date to over CNY 30 billion.

     ★ Domestic policies continue to optimize the business environment, with strong export momentum maintained in new energy and smart manufacturing sectors.