Simply Trade [News]: Exploring the Complexities of Digital Trade and US-China Relations

In this episode, hosts Annik, Lalo, and Andy discuss the latest developments in global digital commerce, US-China trade relations, and the impact of Russia's move to allow foreign banks to operate within its borders. They also touch on the impressive performances of Olympic athletes, particularly the US Women's Sevens rugby team.

Main Points/Takeaways:
- The US has not backed a new global agreement on digital commerce regulations, despite 80 nations successfully negotiating the deal. Experts express concerns about potential taxation of digital trade and the impact on smaller companies.
- The US has delayed the implementation of new tariffs on Chinese imports by at least two weeks, with significant implications for global trade dynamics. Guests discuss the potential impact on companies and the ongoing tensions between the US and China.
- Russia is introducing legislation to allow foreign banks to open branches within the country, as it seeks to facilitate cross-border settlements and circumvent the impact of sanctions. Guests analyze the potential implications and the role of bartering in Russia's trade relationships.
- The hosts share a fascinating fact about the world's largest cargo ships, which are capable of transporting the Eiffel Tower, highlighting the massive scale of modern logistics.

This episode of the Simply Trade podcast provides valuable insights into the ever-evolving landscape of international trade, equipping listeners with the knowledge to navigate the complexities of global commerce. Whether you're an importer, exporter, or simply interested in the dynamics of the global economy, this episode is a must-listen.

Enjoy the show!

Sign up for the upcoming Forced Labor training (Supply Chain Tracing) here:
https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/ 

Find us on YouTube: https://www.youtube.com/@SimplyTradePod 

Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/

Guest Host: Renee Chiuchiarelli: https://www.linkedin.com/in/renee-chiuchiarelli-8964a19/ 

Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/

Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:

• Advertising and sponsoring on Simply Trade

• Requests to be on the show as guest

• Suggest any topics you would like to hear about

Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.