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English Summary of Key Foreign Trade News – January 23, 2026
Below is a refined and concise summary of today’s critical foreign trade news, with a focus on currency trends, cross – border e – commerce, regional trade policies, and market dynamics, tailored for foreign trade professionals.
1. RMB Mid – Price Breaches 7 – to – USD Level for the First Time Since 2023
- The People’s Bank of China (PBOC) set the RMB central parity rate above 7 yuan per US dollar on January 23, 2026, a first in over two years. It signals policymakers’ willingness to let the RMB appreciate further.
- The RMB has strengthened against the US dollar by about 1% in the past month, outperforming most Asian currencies. A record $1.2 trillion trade surplus and capital inflows support its upward trend. Short – term forecasts suggest the USD/RMB rate may drop to around 6.9 amid seasonal factors before the Spring Festival.
- Implications for foreign trade: A stronger RMB helps ease trade frictions and boosts the appeal of Chinese assets, but may squeeze profit margins for exporters relying on price competitiveness; importers will benefit from reduced costs.
2. Cross – border E – commerce Updates
| Event | Details | Impact |
|---|---|---|
| TikTok Shop’s European Expansion Plan | TikTok Shop plans to add 4 – 5 new European sites in mid – 2026, covering Poland, Portugal, the Netherlands, Serbia, etc. | Presents market expansion opportunities for Chinese sellers in home, beauty, and fashion sectors |
| TikTok Shop’s AI Fashion Video Generator Launch | The tool automatically turns product images into shoppable videos with voice and lip – sync, no models or filming needed | Cuts marketing costs and speeds up content creation for small and medium – sized businesses |
| Eurasian Economic Union’s Tariff Exemption for Cross – border E – commerce Parcels | Starting July 1, 2026, personal cross – border e – commerce parcels under 200 euros are fully duty – free | Stimulates consumer demand and lowers the cost of small – value cross – border transactions to Russia and other member states |
| Amazon Europe’s Spring Sale Schedule | The sale starts on March 10, 2026, with FBA warehouse entry closing on February 27. Products need a minimum 3.5 – star rating and at least 5 reviews | Sellers should accelerate inventory preparation and promotion applications; home and outdoor categories are expected to see strong demand |
| Temu’s Global Market Share Rises to 24% | Temu’s global cross – border e – commerce market share has surged from less than 1% to 24% in three years, on par with Amazon | Indicates intensified competition in the global cross – border e – commerce market; Chinese platforms gain more influence |
3. Trade Policy & Market Trend Changes
- Russia’s New EV Subsidy Policy: Germany has restarted its electric vehicle subsidy program, offering up to 6,000 euros in subsidies for private purchases of pure electric, plug – in hybrid, and extended – range electric vehicles, which will drive demand for related auto parts and charging equipment exports.
- South Korea’s Export Growth in Early January 2026: South Korea’s exports from January 1 to 20 reached $36.4 billion, a year – on – year increase of 14.9%. Semiconductor exports led the growth with a 70.2% surge, accounting for 29.5% of total exports. It is a positive sign for the global semiconductor supply chain and related trade.
- US Imposes High Anti – Dumping and Countervailing Duties: The US Department of Commerce started levying high “anti – dumping and countervailing” duties on thermoformed molded fiber products from January 23, with a maximum combined rate of 540.63% on Chinese products and 265.62% on Vietnamese products. Exporters of such products need to adjust their supply chains or pricing strategies promptly.
4. Commodity Market Movements Affecting Foreign Trade
- Precious Metals: Spot gold topped $4,941 per ounce, and spot silver rose over 3%, both hitting record highs, driven by geopolitical uncertainties and a weaker US dollar.
- Crude Oil: WTI crude futures fell 2.08% to $59.36 a barrel, and Brent crude futures dropped 1.81% to $63.25 a barrel, due to rising US crude inventories and eased supply risk expectations from potential Russia – Ukraine peace talks.
- Implications: High gold prices may boost exports of gold – related processed products; falling oil prices reduce logistics and production costs for energy – intensive industries like chemicals and manufacturing.

