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Foreign Trade Information | Sri Lanka cancels 286 commodity import restrictions; Google will be char

  • Author:sofreight.com
  • Release Date:2023-06-15
NO.1, the first -year inflation expectation of the United States is expected to fall to a two -year low









According to the recent monthly expected monthly investigation by the Fed of New York's Federal Reserve in May, the interviewees fell by 0.3 percentage points to 4.1%from the previous year's inflation expectations in one year, the lowest one -year inflation expectations in May 2021.



But at the same time, the respondents expected to increase by 0.1 percentage points from 2.9%to 3%of the inflation expectations in the next three years; the inflation expectations in five years would rise by nearly 0.1 percentage points to 2.7%month -on -month.



In May this year, consumers are roughly in line with market expectations for inflation expectations in the next year.Although this data is still much higher than the 2%target set by the Federal Reserve, the overall trend continues to decline.The main factors to promote short -term inflation expectations are the adverse factors caused by some new crown epidemic conditions, such as the imbalance of supply and demand of commodities and the blockage chain blockage.



No.2, Sri Lanka cancel 286 products import restrictions









Recently, the Ministry of Finance of Sri Lanka said in a statement that 286 items that cancel the restrictions on imports include train compartments and radios.However, 928 items, including cars, will continue to restrict import.



In 2022, China's total trade with Sri Lanka was $ 4.25 billion.China is the largest source of imported from Sri Lanka.China's main products exported to Sri Lanka are chemicals, electronic equipment, knitted items, and metal products.Chinese products imported from Sri Lanka are mainly tea, jewelry and fiber fabrics.



NO.3, Japan May Enterprise Price Index rose 5.1% year -on -year









The preliminary statistical results released by the Bank of Japan recently showed that in May this year, the price index of Japanese companies rose 5.1%year -on -year to 119.1, and the increase continued to slow down.



The report shows that the prices of pulp, papermaking, paper products, prices of mineral products, and kiln and soil and stone products have increased by the month. The corresponding category price index rose by 15.3%, 14.7%, and 14.6%year -on -year.The price index of food and beverages with a large weight rose 7.9%year -on -year.



Due to the callback of energy such as energy, the import price index of the yen denominated in May continued to decline year -on -year, a decrease of 5.4%.Among them, the price index of wood, wood products and forest products decreased by 20.3%year -on -year, and oil, coal, and natural gas price index fell 15.5%year -on -year.In the month, the export price index priced at the yen increased by 2.0%year -on -year.



NO.4, New York retail employment position declined









According to the latest data, the employment of New York's retail industry has fallen significantly in the past year.This reflects the situation where many retailers close their stores, layoffs or encounter difficulties.In particular, traditional physical stores face competitive pressure from e -commerce and online retail.



The New York Municipal Government and related interests are trying to find solutions to promote the recovery and employment growth of the retail industry.This may include measures to support small enterprises, provide training opportunities, and improve the business environment.



No.5, Google will be accused by antitrust of the EU









News on June 12, Google will be hit by the EU formal antitrust lawsuit, which may cause the company to pay another huge fine to the European Union and crack down on advertising technology that constitutes most of the income of American companies.



The antitrust statement was earlier or announced on Wednesday. Previously, the European Union had issued three penalties for Google for more than 8 billion euros ($ 8.6 billion).



The new allegations will be the core of the advertising technology business model under Google's parent company Alphabet.Google's advertising business is by far the most successful, accounting for about 80%of its annual revenue.In 2022, its advertising sales were about $ 225 billion.