Core Viewpoint - The article discusses the significant impact of tariffs on global trade, highlighting that the trade volume affected by tariffs among G20 members is expected to quadruple from the previous reporting period, marking the largest increase in the history of WTO trade monitoring [1] Group 1: Trade Measures and Economic Impact - The G20 members are implementing trade facilitation measures in response to the tariff impacts, with the value of these measures doubling compared to the previous period [1] - The report from the WTO indicates that the trade volume affected by tariffs will reach unprecedented levels, emphasizing the urgency for countries to adapt their trade policies [1] Group 2: Market Performance and Trends - Domestic futures markets showed mixed results, with liquefied petroleum gas (LPG) rising nearly 2%, while other commodities like PTA and ethylene glycol saw increases over 1% [1] - The U.S. stock indices experienced a notable decline, with a market turnover of 2.07 trillion yuan, indicating a cautious investment environment as the year-end approaches [2][10] Group 3: Financial Statistics and Monetary Policy - China's social financing scale increased by 30.9 trillion yuan in the first ten months, reflecting a year-on-year increase of 3.83 trillion yuan [6] - The People's Bank of China is expected to maintain a moderately loose monetary policy, focusing on balancing the pace and intensity of economic support [6][11] Group 4: Industry Developments - The Ministry of Industry and Information Technology is preparing a development plan for smart connected new energy vehicles and new battery industries, aiming to expand the application of power batteries [7] - The shipping industry is facing challenges, with Maersk reducing container rates significantly, indicating weaker-than-expected pricing power during the peak season [3][24]
关税阴影下 各经济体相继出台贸易便利化措施：申万期货早间评论-20251114
申银万国期货研究·2025-11-14 00:54