On June 16th, according to German media reports, the European Union is considering conditionally accepting the 10% unified tariff standard proposed by the United States. After the release of this news, the euro against the US dollar exchange rate fell in the short term, while European stock markets showed a collective upward trend. Among them, the French stock market rose by over 1% during trading. As of June 18th, the French CAC40 index rose by 0.54%, the German DAX30 index rose by 0.40%, the Portuguese PSI20 index and the Italian FTSE MIB index both rose by over 1%, and the European Stoxx 50 index rose by 0.56%. At the same time, new news has also emerged from the tariff negotiations between Thailand and the United States. The Thai Minister of Commerce expressed confidence on the 16th that both sides can reach a good agreement on the tariff issue, with tariffs possibly as low as 10%.
On the same day, the South Korean government announced the establishment of a new working group to better prepare for the ongoing tariff and other related trade negotiations with the United States.
The Export Import Bank of China has launched a special plan to stabilize foreign trade and strengthen financial support in four major areas. Recently, the Export Import Bank of China has issued a special work plan, focusing on the four directions of "going global" of the manufacturing industry, stabilizing the foundation of foreign trade, improving small and micro foreign trade financial services, and strengthening "integrated intelligence" services. Through the linkage between enterprises, industries, and parks, it supports the manufacturing industry to go global, increases credit tilt towards traditional import and export trade, and explores the "policy finance+" model for new formats such as cross-border e-commerce. The bank stated that it will focus on solving the pain points of foreign trade enterprises, continuously increase support for key areas and weak links, and help promote high-quality development of foreign trade.