Current News-Morning News on March 12, 2024

① The United States may coerce companies in allied countries to “submit” and require allies to strengthen controls on Chinese chips.
②The EU delays the implementation of stricter regulations on imported products from deforested areas
③The EU implements new hygiene standards for drinking water contact materials and products
④Azerbaijan adjusts import tariffs on some products, involving food, gypsum, anhydrite and some ceramic products, etc.
⑤ Expectations for the Federal Reserve to cut interest rates this year weakened the U.S. dollar and the South Korean won rose to its highest level in two months
⑥Vietnam has surpassed South Korea to become the world’s second largest smartphone exporter
⑦The Egyptian currency plummeted 40% to a record low, and the annual inflation rate rose to 36% in February
⑧A sudden explosion occurred at a container terminal in the Port of Cartagena, Colombia, an important port in South America.
⑨ Zhang Ming: The RMB exchange rate against the US dollar is expected to rise to 6.8-7.0 by the end of this year
⑩ Ramadan is here, foreign traders with customers in the Middle East and North Africa need to be prepared

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