The impact of global high temperature weather on factories, power grids and the economy
18 July 2023
In North America, Canada is experiencing the worst wildfires season in history, leading to the forced shutdown of wooden plants in Quebec and the reduction of oil output in Alberta. More than 100 million people in the United States live in high temperatures, and the huge demand for electricity increases the burden on the power grid.
Brazil will exempt 628 types of machinery and equipment from import tariffs
12 May 2023
On May 9, 2023, the Executive Management Committee of the Brazilian Foreign Trade Commission issued an important decision to exempt 628 kinds of machinery and equipment products from import tariffs. The tax - free policy will last until December 31, 2025. This decision aims to promote the economic development of Brazil, enhance the competitiveness of enterprises, stabilize domestic prices, and reduce inflationary pressure. According to the announcement of the committee...
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