U.S. House Approves Two Crypto Bills to Boost LegitimacyU.S. House Approves Two Crypto Bills to Boost LegitimacyOn July 17, the U.S. House passed two key crypto bills, marking the first major step toward formal industry regulations. The moves aim to legalize digital assets and pave their way to mainstream financial status.
Trump's 50% Tariff on Amazon Sparks Fears of Retail UpheavalTrump's 50% Tariff on Amazon Sparks Fears of Retail UpheavalU.S. President Donald Trump has signed an executive order imposing a 50% tariff on all goods sold through Amazon, set to take effect on August 1, 2025. The move, citing Section 301 of the 1974 Trade Act, accuses Amazon of "unfair competitive practices" and "monopolistic behavior."
U.S. Launches Section 301 Investigation Against BrazilU.S. Launches Section 301 Investigation Against BrazilThe Office of the United States Trade Representative (USTR) announced the initiation of a Section 301 investigation into Brazil. The probe will examine whether Brazil’s policies and practices in areas such as digital trade, electronic payment services, "unfair" preferential tariffs, intellectual property protection, ethanol market access, and deforestation-related measures negatively impact U.S. trade interests.
Singapore Leads Globally in Cross-Border Shopping Penetration with Strong Consumer VigorSingapore Leads Globally in Cross-Border Shopping Penetration with Strong Consumer VigorSingapore has shown strong momentum in the cross-border e-commerce sector, with a cross-border shopping penetration rate of 69%, ranking first in the world. Data shows that 98% of Singaporean consumers are willing to shop overseas, far exceeding the global average, and 69% of them make cross-border purchases at least once a month.
