Foreign Trade Brief: Oct 23, 2025

U.S. Media Reports Trump Possibly Narrowly Escaped Assassination
Fox News cited White House sources reporting that President Trump potentially faced an assassination attempt on October 19 while returning to Washington on Air Force One. Secret Service found a suspected elevated sniper platform near the airport prior to his departure.

Swiss Central Bank Holds Policy Rate at 0%
The Swiss National Bank kept its policy rate unchanged, marking its first pause since starting rate cuts in March 2024. Inflation pressures remain stable compared to last quarter.

RMB Exchange Rates

• Offshore: USD/CNH ↑ 22 bps to 7.1284; EUR/CNH ↓ 84 bps to 8.2566; JPY/CNH unchanged at 4.6900

• Onshore: USD/CNY ↑ 12 bps to 7.1262; EUR/CNY ↓ 49 bps to 8.2550; JPY/CNY unchanged

• Central Parity: USD/CNY ↑ 24 bps to 7.0954; EUR/CNY ↓ 284 bps to 8.2450; JPY/CNY ↓ 347 bps to 4.6816

OECD Raises Global Growth Forecast to 3.2%
The OECD upgraded its 2025 global GDP growth projection by 0.3 points, citing AI investment in the U.S. and fiscal support in China.

Key Updates

• South Korea Oct 1-20 exports: -7.8% YoY (adjusted +9.7%)

• Norway to phase out EV subsidies over two years

• Amazon launches "Dual Reduction Program" with logistics/commission discounts

• Lazada Thailand cutting seller commission rates

• Port of Long Beach Sep volume: -3.9% YoY

• ONE launches refrigerated rail service in Hyderabad

• JPMorgan to invest $10B in U.S. security-related firms

• Hitachi Energy plans 15,000 new hires by 2027

• JD.com to launch exclusive "National Popular Car" during 11.11