电子｜悲观情绪将过，关注自主可控和民族品牌长期机遇

Core Viewpoint - The article emphasizes the importance of focusing on long-term opportunities arising from adjustments in the industrial chain due to the escalating US-China tariff situation, particularly in the areas of self-sufficient industrial chains and the expansion of national brands into non-US markets [1][6]. Group 1: Impact of Tariffs - The US and China have imposed reciprocal tariffs, with the US announcing a 34% tariff on April 2 and China responding with a similar measure on April 4. Further escalation was threatened by the US with an additional 50% tariff if China did not retract its tariffs [2]. - The market has experienced heightened risk aversion, with the electronic sector seeing a decline of approximately 15% over the last three trading days [2]. Group 2: Focus on Self-Sufficiency - The importance of self-sufficiency has been underscored, particularly in critical sectors like semiconductors, which are seen as essential for domestic replacement and innovation. The current environment is expected to accelerate the push for domestic alternatives [3]. - Short-term beneficiaries are anticipated to be in the simulated chip sector, while long-term opportunities exist in segments with low domestic production rates [3]. Group 3: Expansion of National Brands - Chinese national brands are increasingly looking to expand into markets outside of the US, which is viewed as a significant trend moving forward. This expansion is expected to benefit supply chain leaders that align with the global strategies of these brands [4]. - The domestic cost advantages are likely to support this trend, leading to a reshaping of brand dynamics in the global market [4].