Ge Long Hui·2025-07-05 00:24Group 1 - The U.S. Congress passed the "Big and Beautiful" tax and spending bill, which is controversial due to cuts in federal aid, increased long-term debt, and tax reductions for the wealthy and large corporations [2] - The new tariffs on goods entering the U.S. will range from 10% to 70%, effective August 1 [2] - India plans to impose retaliatory tariffs on the U.S. due to the impact of increased tariffs on automotive exports [2] Group 2 - The U.S. stock market was closed on July 4, with early closures for futures contracts on various commodities [3] - International oil prices saw a slight decline, with WTI crude oil futures at $66.49 per barrel, down 0.76%, and Brent crude at $68.51 per barrel, down 0.42% [3] - The cryptocurrency market weakened, with Bitcoin down over 1%, Ethereum nearly 3%, and Dogecoin over 5% [3] Group 3 - The Ministry of Commerce of China confirmed that the U.S. has taken actions to lift certain trade restrictions on China, including the export of EDA software and ethane [5] - The Ministry of Commerce announced a final ruling on anti-dumping investigations into brandy imports from the EU, with dumping margins identified between 27.7% and 34.9% [6] - China Shipbuilding Industry Corporation's merger with China State Shipbuilding Corporation has been approved, creating the largest publicly listed shipbuilding company globally [8] Group 4 - CATL and Geely have signed a comprehensive strategic cooperation agreement focusing on battery technology and supply chain collaboration [9] - The Ministry of Housing and Urban-Rural Development emphasized the importance of stabilizing the real estate market and implementing targeted policies [21] - The Civil Aviation Administration of China established a leadership group for general aviation and low-altitude economy development [22]