策略快评报告：独立自主，积极应对关税冲击

Group 1 - The report highlights the impact of the U.S. imposing a 10% minimum baseline tariff on trade partners, with specific tariffs of 34% on China and 20% to 49% on other countries, which may lead to increased inflation risks in the U.S. [2][3] - China's exports to the U.S. have decreased from 19.2% of total exports in 2018 to 14.7% in 2024, indicating a shift in trade dynamics and a growing reliance on other markets [2][3] - The report emphasizes that despite short-term impacts from tariffs, China's strong domestic market and manufacturing capabilities will support continued economic growth and expansion of trade partnerships [2][3] Group 2 - The report suggests that since September 2024, China has implemented favorable policies to stabilize and boost the domestic economy, with a focus on increasing consumption and investment [2][3] - Investment recommendations include focusing on blue-chip stocks with stable performance and high dividend yields, as well as technology sectors benefiting from domestic substitution [3]