特朗普将家具和橱柜的关税上调推迟一年 大家好，简单关注一下特朗普的关税消息。 特朗普再度推迟家具与橱柜关税上调，实施时间推迟到2027年。 据白宫声明，特朗普已将软体家具、厨房橱柜和浴室台盆柜等产品的新一轮关税上调延后一年，把实施时间推迟到2027年。 有分析指出，这是在选民对物价水平持续不满的背景下，放缓了加征关税的节奏。 特朗普在2025年结束前数小时签署了一份总统公告，决定推迟这些商品的关税上调。相关关税原本计划于本周四生效。 不过，周三的声明并未直接说明此次推迟上调关税的具体原因。 2025年9月，特朗普以国家安全为由，为针对这些木制品以及木材、木料的关税措施辩护，称其目的是保护美国本土木材产业。 他在一项调查结束后宣布征收相关关税。该调查由他指示美国商务部依据《贸易扩展法》（Trade Expansion Act）第232条（Section 232）对进口木材开 展。 2025年9月，特朗普下令对厨房橱柜和软体家具征收25%的新关税，并于10月正式生效。按原计划，到2026年税率将进一步上调：厨房橱柜关税升至 50%，软体家具升至30%。 周三的命令推迟了这次大幅上调，意味着这些商品的关税暂时仍维持 ...

【导读】 特朗普将家具和橱柜的关税上调推迟一年 中国基金报记者 泰勒 大家好，简单关注一下特朗普的关税消息。 特朗普再度推迟家具与橱柜关税上调，实施时间推迟到2027年 。 据白宫声明，特朗普已将软体家具、厨房橱柜和浴室台盆柜等产品的新一轮关税上调 延后一年 ，把实施时间 推迟到2027年 。 特朗普在2025年结束前数小时签署了一份总统公告，决定推迟这些商品的关税上调。相关关税原本计划于 本周四 生效。 2025年9月，特朗普下令对厨房橱柜和软体家具征收 25% 的新关税，并于10月正式生效。按原计划，到 2026年 税率将进一步上调：厨 房橱柜关税升至 50% ，软体家具升至 30% 。 周三的命令推迟了这次大幅上调，意味着这些商品的关税 暂时仍维持在25% 。 白宫声明称："美国仍在与贸易伙伴开展富有成效的谈判，以解决木制品进口相关的贸易对等和国家安全关切。" 特朗普政府因未能稳定物价而面临越来越多的批评，原因之一是特朗普于2025年初上任后，对多类商品加征关税。事实上，即便在对家具 加征25%关税之前，由于对来自中国和越南（美国进口家具的两大来源国）的多数商品征收关税，家具价格就已经大幅上涨。 尽管美 ...

责任编辑：栎树 美股频道更多独家策划、专家专栏，免费查阅>> 1月1日，由于选民对物价水平的不满情绪持续发酵，特朗普总统推迟了对软包家具、厨房橱柜和浴室柜 的关税上调，放缓了其征税节奏。周三晚间，在特朗普于佛罗里达州海湖庄园举办跨年派对之际，白宫 发布了有关该总统公告的事实清单。根据该清单，原定于本周四生效的更高关税，现已推迟至2027年1 月1日生效。 根据9月份发布的公告，特朗普原定于1月1日起将"特定木制软包产品"的关税从25%上调至30%，并将 厨房橱柜和浴室柜的关税从25%大幅上调至50%。白宫表示，周三签署的公告延迟了这一举措，现行的 25%关税将继续维持。事实清单显示，美国"正继续与贸易伙伴就木材产品进口的贸易互惠和国家安全 担忧进行富有成效的谈判"，这表明相关谈判可能会达成协议，从而进一步推迟新税目的征收。 ...

随着选民对物价水平的不满情绪不断发酵，美国总统唐纳德·特朗普推迟上调软体家具、橱柜和梳妆台 的关税税率，放慢了征税步伐。 在特朗普于佛罗里达州海湖庄园举办新年前夜派对的时候，白宫周三晚间就总统公告发布了情况说明 书。 责任编辑：刘明亮 随着选民对物价水平的不满情绪不断发酵，美国总统唐纳德·特朗普推迟上调软体家具、橱柜和梳妆台 的关税税率，放慢了征税步伐。 在特朗普于佛罗里达州海湖庄园举办新年前夜派对的时候，白宫周三晚间就总统公告发布了情况说明 书。 情况说明书显示，原定于周四生效的更高关税税率，现在定于2027年1月1日生效。 在9月公告中，特朗普原本指示，从1月1日起，某些"软体木制品"的关税将从25%提高到30%，厨房橱 柜和梳妆台的关税将从25%提高到50%。白宫表示，他周三的公告推迟了这一措施的实施，现行的25% 关税仍将维持。 情况说明书显示，原定于周四生效的更高关税税率，现在定于2027年1月1日生效。 在9月公告中，特朗普原本指示，从1月1日起，某些"软体木制品"的关税将从25%提高到30%，厨房橱 柜和梳妆台的关税将从25%提高到50%。白宫表示，他周三的公告推迟了这一措施的实施，现行的25% ...

CNI表示，巴或成为墨关税上调政策的第五大受害国。该措施将影响巴232种对墨出口产品，总额 达17亿美元，约占2024年巴对墨出口的14.7%。巴机动汽车行业将是受墨高关税影响最大的行业，因高 关税而造成的出口损失金额规模大约为9.22亿美元，超过受冲击的巴对墨出口总额的一半（53.8%）。 这些受高关税冲击的产品包括活塞发动机、乘用车及其零部件和配件产品。 （原标题：巴西或成为墨西哥关税上调政策的第五大受害国） 巴西媒体综合报道，据巴全国工业联合会（CNI）统计显示，墨西哥宣布上调关税政策对巴出口所 造成的冲击或达17亿美元。据巴工贸部的统计，2025年1至11月期间，巴对墨出口额达71.4亿美元，占 巴出口总额2.2%。 ...

Core Insights - The Asia-Pacific region remains the fastest-growing area globally, but rising tariffs and protectionism may lead to reduced exports and ultimately impact economic activity [1] - The IMF projects Asia's GDP growth rate to be 4.5% in 2025, slightly down from 4.6% in 2024, with a further slowdown to 4.1% by 2026 [1] - Trade policy uncertainty, although decreased since April, remains high and could severely affect investment and market sentiment [1] Economic Projections - Strong export growth in Asia is expected to be driven by pre-purchase activities ahead of tariff increases and a recovery in the technology cycle [1] - Domestic demand is anticipated to remain robust due to loose policies and the global environment [1] Policy Recommendations - The IMF urges Asian policymakers to stimulate domestic demand, particularly consumption, and enhance productivity [1] - Short-term recommendations include targeted fiscal and monetary stimulus measures to mitigate the impact of trade shocks [1]

Report Summary 1. Report Industry Investment Rating - Not provided 2. Core View of the Report - Trump's softened stance towards China has somewhat alleviated market concerns, leading to a partial recovery in oil prices on Monday morning. However, long - term confrontation persists. With continuous supply growth and ongoing demand - side concerns, oil prices face significant pressure. The current smooth progress of the Israel - Palestine peace talks means a lack of short - term geopolitical stimuli, and oil prices are expected to trend weakly. Short - term, the price is expected to range between 445 - 455, and long - term, it is advisable to wait and see [3]. 3. Summary by Directory 3.1 Daily Prompt - **Crude Oil 2511**: - **Technical Analysis**: The 20 - day moving average is downward, and the price is below the moving average, indicating a bearish trend [3]. - **Fundamentals**: Trump's statements on China and Ukraine have caused significant market expectation fluctuations, with a neutral impact [3]. - **Basis**: On October 10, the spot price of Oman crude was $65.60 per barrel, and that of Qatar Marine crude was $64.39 per barrel, with a basis of $19.98 per barrel, showing a spot premium over futures, a bullish sign [3]. - **Inventory**: From the week ending October 3, API and EIA crude inventories increased more than expected, while Cushing area inventory decreased. As of October 10, Shanghai crude oil futures inventory remained unchanged, a bearish factor [3]. - **Main Position**: As of September 23, WTI crude main position was long and increasing; as of October 7, Brent crude main position was long but decreasing, a bearish signal [3]. 3.2 Recent News - **Trade and Politics**: Trump announced a 100% tariff increase on Chinese imports and new export controls on key software in response to China's expanded rare - earth export controls. The FCC has removed millions of Chinese electronic products from major US online retail platforms [5]. - **Monetary Policy**: St. Louis Fed President Moussalem believes there may be one more rate cut, but warns of inflation risks. Fed Governor Waller thinks weak employment data supports further rate cuts [5]. - **Geopolitics**: Yemen's Houthi rebels said they would stop attacking Israeli - related ships in the Red Sea if Israel adheres to the Gaza cease - fire agreement [5]. 3.3 Bullish and Bearish Factors - **Bullish**: The threat of the Russia - Ukraine conflict to refineries and oil fields and the mitigation of Trump's tariff threats [6]. - **Bearish**: Easing of the Middle East situation, the risk of a US government shutdown, and OPEC+'s consideration of further production increases [6]. 3.4 Fundamental Data - **Futures Market**: The settlement prices of Brent, WTI, SC, and Oman crude all declined, with WTI having the largest decline of 4.24% [7]. - **Spot Market**: The spot prices of UK Brent Dtd, WTI, Oman, Shengli, and Dubai crude all decreased, with WTI and UK Brent Dtd having relatively large declines [9]. - **Inventory Data**: API and EIA crude inventories increased in the week ending October 3, while Cushing area inventory decreased [3][10][14]. 3.5 Position Data - **WTI Crude**: As of September 23, the net long position increased by 4,249 [17]. - **Brent Crude**: As of October 7, the net long position decreased by 61,713 [19].

Report Industry Investment Ratings - PX: Mid-term outlook is weak; unilateral trend is weak, but recommend going long on PXN [1][4] - PTA: Mid-term outlook is weak; recommend going long on PTA and short on PX, and holding 1-5 reverse spreads [1][5] - MEG: Recommend 1-5 spread reversal; trend is weak [1][4] Core Views - The US President Trump threatened to impose a 100% tariff on Chinese goods starting from November 1, 2025, in response to China's planned export controls on rare earths and other products [3] - The profit of the polyester industry chain is expected to expand due to the sharp decline in oil prices last Friday [4] - The supply and demand of PX is slightly tight, with the domestic PX plant operating rate at 87.4% (+0.8%) this week and expected to decline next week [4] - The PTA operating rate is 74.4% (-2.4%) this week, with some plants reducing production or shutting down [4][5] - The MEG plant operating rate reached a new high this week and is expected to decline slightly next week [6] - The polyester load recovered to 91.5% (+1%) at the end of September, and is expected to maintain at 91% in October, 89% in November, and further decline from December to February [7] Summary by Relevant Catalogs Market Dynamics - Trump threatened to impose a 100% tariff on Chinese goods starting from November 1, 2025, and implement export controls on all key software, in response to China's planned export controls on almost all products from the same date [3] Trend Intensity - PX, PTA, and MEG trend intensities are all -1, indicating a weak outlook [3][4] PX - Unilateral trend is weak, recommend going long on PXN. The sharp rise in US octane has driven up the valuation of South Korean MX, compressing the PX-MX spread. The decline in oil prices is expected to expand the profit of the polyester industry chain [4] - The domestic PX plant operating rate is 87.4% (+0.8%) this week, and is expected to decline next week due to the maintenance of Wushi Petrochemical's 1000000-ton plant. The Asian overall load operating rate is 79.9% (+1.9%) [4] - The new PTA plant of Xin凤鸣 has postponed its commissioning due to low processing fees, while the new PTA plant of GAIL in India is gradually planning to be commissioned. The supply and demand of PX is slightly tight [4] PTA - Recommend going long on PTA and short on PX, and holding 1-5 reverse spreads. The cost support of the polyester industry chain is weak due to the tense Sino-US trade relations [5] - The PTA operating rate is 74.4% (-2.4%) this week, with Yisheng New Materials reducing production and Hengli's 2200000-ton plant shutting down. The market is in a destocking pattern in October, but the supply in the East China spot market is still sufficient [5] MEG - Recommend 1-5 spread reversal. The profit of coal-based MEG plants is 218 yuan/ton, down 75 yuan/ton from before the holiday, while the naphtha-based MEG plants continue to operate at a loss. The profit of naphtha-based MEG is expected to gradually recover due to the decline in oil prices [6] - The MEG plant operating rate reached a new high this week and is expected to decline slightly next week due to some plant maintenance. The overall load is expected to reach its peak in October [6] Polyester - The polyester load recovered to 91.5% (+1%) at the end of September. The inventory of bottle chip factories decreased, and there is a possibility of increasing production, but it depends on whether the factories adhere to production cuts to maintain prices. The short fiber inventory and processing fees are good, and the load will remain at a high level of 95%. The post-holiday sales of filaments are sluggish, and the inventory has risen to about 30 days [7] - The polyester load is expected to maintain at 91% in October, 89% in November, and further decline from December to February [7]

Report Summary 1. Report Industry Investment Rating - The report gives a short - sell rating for coking coal and coke in the black sector [1] 2. Core View - The report analyzes the coking coal and coke market, stating that the steel market is experiencing inventory accumulation, the second - round price increase of coke is expected to be postponed, and the US tariff increase remarks may have a negative impact on the raw material end. It is predicted that the double - coking futures market will be stable with a downward trend, and the market may open bearishly [1] 3. Summary by Related Contents Market Review - Last week, the main coking coal contract Jm2601 closed at 1,161.0 yuan/ton, up 3.13% from the week's opening; the main coke contract J2601 closed at 1,666.5 yuan/ton, up 2.49% from the week's opening [1] Important Information - China's export controls are not a ban on exports, and the impact on the supply chain is limited. If the US acts willfully, China will take corresponding measures [1] - The approved loan amount for the national white - list real estate projects has exceeded 7 trillion yuan, and the second - hand housing trading volume in 15 provincial - level regions has exceeded that of new houses [1] - Guo Bin was appointed as the director, general manager, and deputy secretary of the Party Committee of Ansteel Group Co., Ltd. [1] Market Logic - The mainstream coking enterprises believe that the steel market is accumulating inventory, and the coke market is not ready for a price increase. The second - round price increase of coke is expected to be postponed, and the US tariff increase remarks may negatively affect the raw material end, causing the double - coking futures market to be stable with a downward trend [1] Trading Strategy - The market may open bearishly. It is recommended to control the position of last week's long positions and pay attention to market sentiment changes [1]

Core Viewpoint - Chip stocks experienced significant declines, with AMD dropping over 7% at one point due to concerns over potential tariffs on Chinese imports related to new regulations on rare earth exports from China [1] Group 1: Stock Performance - AMD saw a peak decline of over 7%, later narrowing to a 5.7% drop [1] - Nvidia (NVDA) fell by more than 1.5% [1] - Micron Technology (MU) decreased by over 3.7% [1] - Taiwan Semiconductor Manufacturing Company (TSMC) dropped over 3.4% [1] - Broadcom (AVGO) declined by over 2.4% [1] - Intel (INTC) experienced a smaller decline of 0.8% [1] Group 2: Market Influences - The market reaction was influenced by former President Trump's threat to impose "large-scale tariff increases" on goods imported from China [1] - The rationale for these tariffs stems from China's plans to implement new controls on rare earth exports [1]