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对等关税延期后,需要担心次级关税吗?
SINOLINK SECURITIES·2025-08-12 15:19

Group 1: Trade Relations and Tariffs - On August 12, Trump signed an executive order to extend the 24% reciprocal tariffs for another 90 days, while maintaining the 10% tariffs unchanged[2] - The threat of secondary tariffs on China is seen as a means to seek China's assistance regarding the Russia-Ukraine ceasefire[5] - The U.S. trade war with China has led to a loss of opportunity for the U.S. to "harvest allies" in the region[7] Group 2: Future Outlook - The overall direction of U.S.-China relations is expected to remain "calm," transitioning from "gradual warming" to "strategic stability" in preparation for a potential leaders' meeting[7] - If the U.S.-Russia meeting in Alaska yields a framework consensus, the risk of secondary tariffs in the short term is low[8] - The tariff issue is anticipated to gradually "fade and dull," as both China's production capacity and U.S. consumption capacity are strong enough to mitigate substantial impacts from tariffs[8] Group 3: Risks and Uncertainties - The specific content and outcomes of the U.S.-Russia leaders' meeting remain uncertain[3] - The actual prospects for U.S.-China secondary tariffs and future meetings are also uncertain[9]