Group 1: Trade Negotiations and Tariffs - The U.S. will impose a 50% tariff on copper and a potential 200% tariff on pharmaceuticals starting August 1, 2023, as part of ongoing trade negotiations[2] - The 232 investigation allows the U.S. to impose tariffs under the guise of national security, with a high certainty of implementation compared to other tariff measures[3] - Current 232 tariffs include 25% on steel and aluminum, which were raised to 50% in June 2023, and 25% on automobiles and parts[3] Group 2: Upcoming Tariff Developments - The copper tariff will take effect on August 1, while the pharmaceutical tariff will be delayed by one to one and a half years[4] - The semiconductor 232 investigation is expected to conclude by the end of July 2023, with tariffs likely to be announced shortly thereafter[4] - Investigations into critical minerals, wood, and aircraft are ongoing, with results expected in October 2023, December 2023, and February 2026, respectively[4] Group 3: Implications of Tariff Policies - The 232 tariffs are designed to increase government revenue, with rates ranging from 25% to 200% on key products, potentially alleviating fiscal pressures[19] - The U.S. tariff system will consist of a global baseline tariff of 10%, reciprocal tariffs of 30%-50%, and 50% tariffs on critical industries[19] - The tariffs aim to encourage the return of key industries to the U.S. and reduce reliance on foreign supply chains[19]
国际关系动态报告:国金地缘政治周观察|美国232 调查
SINOLINK SECURITIES·2025-07-13 11:45