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Which countries have high risks in foreign trade?

2018/11/15 19:04:56 Viewers:
For foreign traders, this year has been a year of great crisis. The United States provoked a trade war and frustrated Sino-US trade. Under the influence of the strong US dollar, once emerging markets suffered a sharp fall in their currencies and had to adopt import restrictions to stabilize the exchange rate.

The following is a summary of countries or regions where trade risks have risen sharply. Please strengthen the awareness of wind control and strictly adhere to the bottom line of payment when doing business with customers in these countries.

1. United States

At present, some foreign trade friends have feedback that when the list just landed, due to the carelessness of both buyers and sellers, the goods arrived at the port only to find that additional tariffs need to be paid, so the buyer abandoned the goods.

2. crash four countries

In addition to the initiative to close the door of the United States, there are still some countries can not sustain it.

There's a new term for VITA, Venezuela, Italy, Turkey and Argentina.

Venezuela, don't mention it. Banknotes are like waste paper.

According to a report released by Venezuela, daily inflation is now 4%, and monthly inflation has risen from 223% in August to 233%. The International Monetary Fund (IMF) said earlier this year that it expected Venezuela's inflation rate to reach 10,000,000% this year.

Italy is actually a hidden bomb in Europe. Once it happens, it will be very important.

The Italian government has just raised its fiscal deficit to 2.4% of GDP in 2019, 0.8 percentage points higher than the previous commitment of 1.6%. The European Union has a headache.

Turkey suffered the collapse of the lira currency this year.

The lira has fallen by about 37% this year (though it has risen by 10% in the past two weeks), and the impact of the currency crisis has spread to the broader economy. In September, Turkey's CPI rose 6.3% year-on-month, while transportation costs and food prices rose sharply, by 37% and 28%, respectively.

Many foreign businessmen have already reported that "after Turkey was sanctioned by the US economy, customers said they could not pay for it", "the lira depreciated seriously, and the new customers finally could not pay for it"...

Argentina pesos is the worst currency in emerging markets this year.

Since falling into exchange rate fluctuations in late April, the inflation rate of the second largest economy in South America has reached 30%. In the first eight months of this year, the Argentine Peso has depreciated by 98%. On September 25, the governor of Argentina's central bank, who has just been in office for three months, announced his resignation, and a large number of people took to the streets to protest against inflation. On the same day, the exchange rate of the US dollar against Argentina pesos was 40, a record high. At the beginning of 2017, the exchange rate of the US dollar against the Argentina Peso was around 17.

What is more serious is that this set of Domino dominoes may also take over many other emerging market countries. IFA believes that the vulnerability of emerging markets will spread to a wider extent and be highly concentrated in some countries, especially South Africa, Indonesia, Lebanon, Egypt and Colombia.

Pakistan

Good brother Pakistan has not been able to sustain the growing trade deficit. On October 16, the Pakistani Federal Tax Commission issued an announcement imposing import adjustment tariffs ranging from 5% to 90% on 570 luxury goods and non-essential imports, which are valid until June 30, 2019.