市场点评报告：欧美协定结构性落地，15%关税框架浮出水面

Group 1 - The report highlights a significant breakthrough in the US-EU trade negotiations, with a new agreement that includes a 15% tariff on EU goods entering the US and a commitment from the EU to invest $600 billion in the US and purchase $750 billion in energy products [2][3] - The agreement is seen as a risk release event that may help restore global asset risk appetite, although there are concerns about its long-term stability due to perceived imbalances in the agreement [3] - The report notes that the agreement could indirectly influence the ongoing US-China trade negotiations, as the US adopts a strategy of tariff adjustments and high-value procurement orders [3] Group 2 - The report suggests that the recent US-EU trade agreement may lead to a rotation in the A-share market towards consumer sectors, supported by domestic fiscal expansion and new cash subsidy policies for families with children under three years old [3] - The cash subsidy policy is expected to have a marginal stimulating effect on consumer spending, benefiting sectors such as baby products, dairy, and retail [3] - The current market environment is characterized as a "strong expectation, weak reality" phase, indicating a cautious but optimistic outlook for investment opportunities [3]