Xiangcai Securities·2025-10-12 05:17Group 1 - The recent escalation of the US-China trade conflict has led to a proposed 100% tariff on all goods imported from China, which could result in an average tariff rate exceeding 140% on Chinese exports to the US [1][4][31] - The sectors most affected by the proposed tariffs include electrical machinery, nuclear reactors, and furniture, which have significant export volumes to the US [4][35] - The rare earth industry is expected to benefit from the trade conflict, with leading companies like Northern Rare Earth and Baotou Steel announcing price increases for rare earth minerals, indicating a potential rise in prices due to reduced supply [36][39] Group 2 - The semiconductor equipment industry may see increased international investment as a result of China's tightening control over rare earth exports, which could impact US military and semiconductor sectors [5][40] - The A-share market has shown resilience initially but began to decline following the announcement of new tariffs and fees on US vessels, indicating a potential for prolonged volatility in the market [3][16] - Financial sectors such as banks and insurance, which have already undergone significant adjustments, are recommended for attention as they may present investment opportunities amidst the trade tensions [6][41]