U.S. Claims Tariffs on China Reach 145%, Foreign Ministry Responds

According to CCTV News, on July 30 local time, the White House issued a statement saying that U.S. President Trump signed an executive order suspending the minimum duty-free treatment for low-value goods.

It is declared that from August 29 onwards, items sent by means other than the international postal networkImported goods valued at or below $800 that originally qualified for the minimum de minimis exemption will be subject to all applicable duties.For goods transported through the international postal system, parcels will be subject to customs duties levied either ad valorem or specific tax.

On July 28, 2025 local time, the European Union officially announced its final ruling: the regulation "Imposing Definitive Anti-Dumping Duties on Imports of Epoxy Resin Originating in the People’s Republic of China, the Taiwan Region of China, and Thailand, and Terminating the Investigation on Epoxy Resin Originating in South Korea" officially comes into effect. Previously, in July 2024, the European Commission formally initiated an anti-dumping investigation, with the complainant being a “provisional alliance” formed by domestic epoxy resin producers in the EU. In February 2025, the EU began imposing provisional anti-dumping duties on epoxy resin imported from Mainland China, Taiwan, and Thailand.

In the second quarter of 2025, Mattel's net sales decreased by 6% year-over-year, achieving revenue of $1.02 billion. The continued weakness in the North American market dragged down overall performance, with sales in that region declining by 16%, although a 7% growth in the international market partially offset this impact. Despite the decline in sales, Mattel's gross margin improved by 170 basis points to 50.9%, benefiting from cost reductions, optimized inventory management, and an improved product mix. The adjusted gross margin rose to 51.2%.

The latest draft of the "E-Commerce Law" released by the Vietnamese Ministry of Industry and Trade requires all foreign e-commerce platforms operating in Vietnam (including those using the .vn domain, providing a Vietnamese language interface, or with an annual transaction volume exceeding 100,000 transactions) to designate a local legal representative or establish a legal entity. This measure will hold the representative accountable for the platform’s violations. Additionally, the Vietnam Customs recently announced that starting from August 1, it will implement Circular No. 29/2025/TT-BTC, initiating an automated VAT collection process for imported courier goods valued below 1 million VND.

Recently, the Australian Anti-Dumping Commission issued Notice No. 2025/061, stating that, in response to an application submitted by the Chinese exporter Dongguan Minxing Cables Co., Ltd, it has initiated a review investigation into anti-dumping and countervailing measures on PVC Flat Electrical Cables exported to Australia. The review will examine whether the variable factors related to the current anti-dumping and countervailing measures should be changed. The investigation period is from April 1, 2024, to March 31, 2025. The product involved is classified under Australian Customs Code 8544.49.20.41. The Australian Anti-Dumping Commission expects to complete the essential facts report of this investigation no later than October 26, 2025, and to submit the final report to the Minister for Industry and Science no later than December 10, 2025.