Core Viewpoint - Toyota's new RAV4 has upgraded its plug-in hybrid vehicle (PHV) engine, achieving a pure electric mode range of 150 kilometers, which is 1.5 times the previous range, while also increasing the total range to over 1350 kilometers, indicating a strong push to compete with leading Chinese companies like BYD in the PHV sector [1][3]. Group 1: Product Features and Innovations - The new RAV4 features the latest sixth-generation hybrid system, which includes a 30% increase in battery capacity, enhancing its overall efficiency [3]. - The total range of the vehicle, when fully charged and fueled, exceeds 1350 kilometers, comparable to the distance from Tokyo to Kagoshima [3]. - The new hybrid system utilizes high-efficiency silicon carbide (SiC) semiconductors, improving output power by over 12% by reducing electrical losses [3]. - The e-Axle's overall height has been reduced by 15% and weight by 18%, improving interior space and seat comfort [4]. Group 2: Market Position and Competition - Despite the advancements, Toyota's global sales of PHVs remain low, accounting for only 2% of total sales, with projected sales of 153,829 units in 2024 [6]. - In contrast, BYD sold 2.5 million vehicles in 2024, surpassing pure electric vehicle sales, highlighting the competitive landscape in the PHV market [6]. - Toyota's strategy includes focusing solely on the latest hybrid engine for the new RAV4, eliminating gasoline models, which aligns with stricter emissions regulations globally [6][5].

Core Viewpoint - The article highlights the contradiction between President Trump's "Make America Great Again" campaign and the actual manufacturing origins of Trump-branded merchandise, revealing a significant reliance on foreign production, particularly from China and Bangladesh [1][10][14]. Group 1: Trump Merchandise Production - The "MAGA hat" is prominently displayed in Trump stores, with a label indicating it is "Made in USA," priced at $55, which is considered reasonable for American-made products [6][9]. - However, other Trump-branded hats, such as one with "TRUMP" and a stars and stripes design, are labeled "Made in Bangladesh," raising questions about the definition of "American-made" [7][9]. - Many products, including insulated cups, are marked "Made in China Designed in Oregon," with the "Made in China" label often obscured by price tags, suggesting a deliberate attempt to hide the origin [10][12]. Group 2: Comparison of Merchandise Locations - A visit to the Trump Tower in New York revealed a higher proportion of American-made products compared to the Las Vegas store, with most hats and clothing being produced in the USA, although some items still came from foreign countries [13]. - In contrast, a souvenir shop nearby offered cheaper products, all made in China, indicating a trend where higher-priced items are more likely to be American-made, while lower-priced items are predominantly foreign [14]. Group 3: Implications of Tariffs - The article suggests that if Trump's proposed tariffs on Chinese goods are implemented, the costs for imported merchandise will rise significantly, potentially impacting his lower-income supporters who favor affordable products [14].

日经GO 5月中国大陆访日游客增44.8%，香港减10% 原创 阅读全文 ...

Group 1 - The core viewpoint of the article highlights that Apple may potentially "reduce" over 100 billion yuan in taxes for the U.S. digital industry next year, while simultaneously collecting over 50 billion yuan from China, indicating a significant financial maneuvering in international markets [3][4]. Group 2 - The U.S. Ninth Circuit Court of Appeals recently denied Apple's emergency motion to stay the enforcement of a California district court's latest injunction, which reflects ongoing legal challenges faced by the company [4]. - The court's decision was based on four considerations: whether the applicant demonstrated a likelihood of success on the merits, whether the applicant would suffer irreparable harm without a stay, whether a stay would harm other interested parties, and whether the public interest would be served [4].

日本比上月增持0.3%，为1万1345亿美元，持有量继续居首。外国投资者对美国国债的总持 有量为9万134亿美元，比上月减少0.4%。 受特朗普宣布对等关税的影响，4月上旬美国的利率一度出现剧烈波动。作为美国长期利率指 标的10年期国债收益率在3天内急升约0.6%，4月9日一度触及4.5%。 美国财长贝森特当时暗示，利率急剧波动的背景是对冲基金等的交易回撤。市场上出现了中 国为对抗美国的对等关税而抛售美国国债的猜测。贝森特否定了这种看法。 日本经济新闻（中文版：日经中文网）三岛大地 纽约报道 REUTERS 美国财政部数据显示，截至4月底中国持有7572亿美元美国国债，比上月减少1.1%。市场上 曾有中国为对抗美国关税而大量抛售美国国债的猜测，但中国实际的减持幅度有限…… 美国财政部6月18日公布的4月底各国持有美国国债的数据显示，中国比上月减少1.1%至 7572亿美元。日本保持首位，在3月超过中国的英国继续保持第2位。市场上曾有中国为对抗 美国特朗普总统的对等关税而大量抛售美国国债的猜测，但中国实际的减持幅度有限。 这是反映4月上旬美国国债价格急剧波动的首次统计。中国的持有量连续2个月减少。与一年 前相比 ...

Core Viewpoint - Chinese rare earth magnets have surpassed Japanese companies in global market share, now accounting for over 80%, compared to Japan's over 10% [1][2]. Group 1: Market Dynamics - Chinese company Jiangxi Jinli Permanent Magnet Technology has resumed exports of high-performance magnets to regions including the US, Europe, and Southeast Asia after obtaining export licenses [1][2]. - The global supply chain faced disruptions when China announced restrictions on rare earth exports, leading to production halts in the automotive sector [1][2]. - The partnership between Japanese companies and Chinese manufacturers has significantly enhanced China's technological capabilities in magnet production [2][3]. Group 2: Government Policies and Industry Growth - The Chinese government has emphasized the importance of technological innovation and industry chain extension, as highlighted by President Xi Jinping's visit to Jiangxi Jinli Permanent Magnet Technology [3]. - The "Made in China 2025" policy aims to support key industries, including electric vehicles and core components like magnets [3]. - Jiangxi Jinli Permanent Magnet Technology plans to invest 1.05 billion RMB to expand production capacity by 1.6 times by 2027 [3]. Group 3: Competitive Landscape - Japanese magnet manufacturers are facing pressure from domestic clients to reduce prices, limiting their investment capabilities [3]. - The recent recovery of Chinese magnet exports has not fully met the high-tech industry's demand, indicating ongoing supply challenges [4]. - Companies that previously relied on Japanese magnets are now considering sourcing from Chinese manufacturers to stabilize their supply chains [4].

日本制铁以每股55美元的价格收购了美国钢铁公司的全部股权。美国钢铁公司同一天在纽约证券交易所 （NYSE）退市。美国钢铁公司将并入日本制铁子公司、位于纽约州的当地法人旗下。除了把总部保留 在美国东部宾夕法尼亚州匹兹堡之外，还将保留公司名称。 日本制铁同一天还宣布，负责此次收购计划的副会长兼副社长森高弘将兼任美国钢铁公司的会长。还公 布了将向美国政府发行的"黄金股"的详细内容。黄金股在重大经营事项上拥有否决权。 日本制铁以每股55美元的价格收购了美国钢铁公司的全部股权。除了收购所需的所有手续之 外，还完成了约141亿美元收购费用的支付，美国钢铁公司已成为日本制铁的全资子公司…… 日本制铁对美国钢铁公司（US Steel）的收购于6月18日正式完成。除了收购所需的所有手续之外，还 完成了约141亿美元收购费用的支付，美国钢铁公司已成为日本制铁的全资子公司。由于本次收购被政 治问题化，从宣布收购起花费了1年半时间，但收购大戏最终以日本制铁一贯要求的变为100%子公司而 结束。 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 此外，还与 ...

汽车成为拉低日本整体对美出口额水平的因素 丰田计划暂时维持在美国的售价。该公司副社长宫崎洋一在5月的财报发布会上表示，"短期 内不会采取因关税而提价的短视措施"。短期内还将维持在日本生产并向美国出口的数量。 熟悉汽车产业的伊藤忠综研的深尾三四郎解释称，"存在关税谈判的走向难以预测、制造商也 不好轻易调整售价的情况"。 不过，并不是所有日本厂商都维持在美国的售价。斯巴鲁已在美国涨价。该公司在美销量的 一半左右是从日本出口。 日本对美国的汽车出口量5月减少3.9%，降至10万2653辆。用出口额除以数量来计算，单价 约为354万日元（约合17.6万元），同比下降21.7%。日本车企可能正在吸收关税成本，以 维持在美国的售价…… 日本的汽车出口已受到美国特朗普政府关税政策的影响。日本财务省6月18日公布的5月贸易 统计显示，汽车对美出口单价比上年同期下降2成。日本方面可能正在吸收关税成本，以维持 在美国市场的销售价格。 5月日本对美整体出口额为1.514万亿日元，比上年同月减少11.1%。其中汽车减少24.7%， 降至约3634亿日元，成为拉低整体出口额的主要因素。 日本对美国的汽车出口量5月减少3.9%，降至10 ...

Group 1 - The G7 summit in Canada concluded without a comprehensive leaders' declaration, only issuing joint statements and action plans in six specific areas, indicating a visible rift among member countries [1][2] - The six areas of focus included critical minerals, artificial intelligence (AI), quantum technology, responses to transnational oppression, forest fire management, and immigration strategies [1][2] - The summit did not propose further sanctions against Russia, marking the first time since Russia's inclusion in the G8 that a leaders' declaration was not issued [2][3] Group 2 - G7 members agreed to collaborate with partners outside the G7 to enhance economic security and national safety regarding critical minerals, particularly for electric vehicle (EV) supply chains [2] - A consensus was reached on developing an "AI deployment roadmap" to promote corporate adoption and utilization of AI technologies [2] - The summit emphasized strengthening international cooperation in preventing and combating forest fires, as well as improving border management capabilities in response to illegal immigration [2][3] Group 3 - The decision to forgo a leaders' declaration aimed to showcase unity among G7 members by focusing on less contentious issues [3] - Canadian Prime Minister Trudeau highlighted the immense pressure facing multilateralism, especially in light of President Trump's dismissive remarks about the G7 framework [3][4] - Trump's early departure from the summit underscored his disregard for the G7, as he criticized the exclusion of Russia from the G8 and questioned China's participation in the G7 [3][4]

Core Viewpoint - Honda has successfully tested a reusable small rocket, marking a significant step towards its goal of reaching space by 2029, with the first successful launch and landing of a test vehicle in Japan by a private company [1]. Group 1: Honda's Rocket Development - Honda's test vehicle reached an altitude of approximately 300 meters and landed successfully, with a landing accuracy of 37 centimeters, significantly better than the target of within 5 meters [1]. - The test vehicle measures 6.3 meters in length and 85 centimeters in diameter, weighing 900 kilograms without fuel [1]. - The small rocket is designed to launch small satellites for communication and ground observation, utilizing technology from Honda's experience in autonomous driving [1]. Group 2: Industry Context - SpaceX, led by Elon Musk, dominates the global rocket launch market, accounting for over half of all launches, with its Starlink communication business gaining prominence [2]. - Other Japanese space startups, such as SpaceOne, have also conducted multiple launches, but their small rockets are typically single-use, resulting in high launch costs of several billion yen [2]. - Honda is leveraging its engine technology from small jet aircraft to develop electric vertical takeoff and landing vehicles (eVTOL) and is collaborating with Astroscale Holdings to address space debris issues [2].