美国财政部副部长：相信八月是我们最早需要关注的触发债务上限的X日（X-Date）。 ...

Key Points - The report highlights a significant increase in US tariff revenue, which surged by 130% year-on-year to reach 16 billion USD in April [4] - The US Treasury Secretary indicated potential meetings with Chinese officials in the coming weeks to achieve a more comprehensive agreement [4] - The report notes that the 2-year US Treasury yield rose by 11.93 basis points to 4.0082%, while the 5-year and 10-year yields increased by 10.92 and 9.05 basis points, respectively [4] - Nissan is reported to be laying off approximately 15% of its global workforce [4] - Apple is considering raising prices for its iPhone product line set to be released in the fall [4] - The report mentions that CATL's initial public offering was fully subscribed on its first day [4] Economic Data Summary - The Baltic Dry Index closed at 1299.00, down 1.29% [5] - The Nasdaq Index closed at 18708.34, up 4.35%, while the Dow Jones Industrial Average rose by 2.81% to 42410.10 [5] - The ICE Brent crude oil price increased by 1.69% to 64.99 USD [5] - The Hong Kong Hang Seng Index closed at 23549.46, up 2.98%, and the Hang Seng China Enterprises Index rose by 3.01% to 8559.23 [5] - The Shanghai Composite Index increased by 0.82% to 3369.24 [5]

在共和党人就是否提高百万富翁的税率进行了数周的辩论之后，该提案并未包括对最富有的美国人增税。该法案将永久延续特朗普2017年税法中设定的 37%的个人最高税率。尽管特朗普上周还告诉众议院议长迈克·约翰逊，他希望对收入超过250万美元的个人征收39.6%的税率。 这份提案是共和党控制的众议院向本月内进行全院表决迈出的关键一步，也是特朗普立法议程的核心。然而，由于众议院共和党席位优势微弱，特朗普 需要党内几乎一致的支持才能通过该法案。 SALT上限调整：政治妥协与地区博弈 法案草案将州地方税扣除上限(SALT)从目前的1万美元提高至3万美元，适用于个人和夫妇，但对收入超过20万美元的单身纳税人或40万美元的联合申 报者设限。 SHMET 网讯：共和党公布万亿级税改方案，将SALT扣除限额提至3万美元，取消小费和加班税，剔除富人税增提议，同时寻求提高债务上限4万亿美 元。 美东时间周一，根据媒体报道，众议院税务委员会公布了特朗普税改方案，提出在未来十年减税超过4万亿美元，同时削减开支至少1.5万亿美元。根据 报道，该法案还寻求将国家债务上限提高4万亿美元，低于参议院倾向的5万亿美元水平。这一举措旨在将任何额外债务上 ...

美国财政部长贝森特（Scott Bessent）上周五表示，如果届时不提高或暂停联邦债务上限，美国可能会 耗尽现金。此后，美国国债投资者又开始回避8月到期的国债。周一，受美国股票需求激增的影响，美 国国债收益率普遍上涨。在贝森特向美国立法者发出警告后，8月到期的美国国债收益率涨幅位居前 列。8月国债收益率已达到所有期限（从四周到一年）的最高水平，部分原因是投资者预计美联储将在9 月降息。 ...

Group 1 - The core viewpoint is that all treasury yield curves seem to be declining, making it difficult to determine whether this is driven by the debt ceiling or recent tariff news [1] - The strategist believes that the price of three-month treasury bonds is cheaper compared to surrounding bonds, suggesting that incorporating the debt ceiling into pricing is reasonable due to updated guidance from the Treasury for August maturities [1]

Group 1 - The U.S. Treasury Secretary Bessent warned that unconventional measures to avoid a debt default may run out as early as August, urging Congress to act before the mid-July recess to raise or suspend the debt ceiling to protect the government's credit rating and repayment ability [1] - The U.S. government reached its statutory debt limit of $36.1 trillion in early January and has since implemented a series of unconventional measures to manage cash flow, which are now nearly exhausted as of April 30 [1] - The cash flow situation of the federal government is more severe than expected, emphasizing the urgency for Congress to address the debt ceiling issue to prevent a catastrophic debt crisis in August [1] Group 2 - The U.S. government's decision to escalate the global tariff war, particularly the 145% tariff on China, has led to significant cost increases across various sectors, ultimately impacting American consumers [2][3] - The implementation of the new tariffs has resulted in price surges for products such as bicycle parts, baby products, and automotive repairs, with some items seeing price increases of $50 to $300 [4][5] - The automotive aftermarket is projected to see a 20%-30% increase in the price of imported parts, with specific examples showing substantial cost hikes for repairs [6] Group 3 - There is growing opposition to the tariff policies among Trump's traditional supporter base, particularly among younger consumers aged 18-35, who report significant price increases for fast fashion and electronics [7] - Financial institutions are beginning to question the efficacy of Trump's tariff policies, with reports indicating that some investors are withdrawing from the U.S. market and reallocating funds to Asia and Europe [8][9] - The uncertainty surrounding U.S. policies and potential economic recession risks has prompted family offices and investment advisors to adjust their strategies, reducing exposure to U.S. equities and bonds [9]

每经记者｜郑雨航 宋欣悦 兰素英 每经编辑｜兰素英 王嘉琦 ◆ 印度和巴基斯坦爆发50年来的最大冲突。当地时间5月10日，巴基斯坦也正式启动代号为"铜墙铁壁"的军事行动，回应印度7日发动的"朱砂行动"。互不 示弱的行为让印巴局势迅速升级，也削弱了印度作为相对安全投资目的地的吸引力。彭博社数据显示，外国银行在5月8日一天净卖出1063亿卢比（约合12亿 美元）的印度国债。针对此次印巴冲突升温的原因以及影响，《每日经济新闻》连线上海国际问题研究院南亚研究中心印度问题专家李红梅进行深入解读。 ◆ 8月"X日"逼近，美国36万亿美元债务上限警报再响；美英贸易协议被指缺乏实质性内容；李在明正式登记参选下届韩国总统；日本松下计划全球裁员 10000人；以太坊周涨29%，比特币重返10万美元上方，布油美油周涨均超4%。更多内容，尽在《一周国际财经》。 "铜墙铁壁"回应"朱砂行动"！印巴爆发50年来最大冲突 外资狂抛12亿美元印度国债，3.91万亿美元经济体现隐忧 当地时间2025年5月9日，印控克什米尔地区，居民区遭受损坏。过去几周，巴基斯坦持续对乌里和库普瓦拉地区的边境区域进行炮击。图片来源：视觉中 国-VCG31N22 ...

Core Viewpoint - The U.S. Treasury Secretary urges Congress to raise the debt ceiling before mid-July [1] Group 1 - The call for raising the debt ceiling is critical to avoid potential financial instability [1]

当前，共和党议员正推进一项立法方案，拟将债务上限提高约5万亿美元，该法案的核心内容是延续并 扩大特朗普于2017年推动的减税政策。然而，由于法案复杂，谈判可能持续数月。贝森特希望立法工作 能在7月4日独立日前完成，但参议院多数党领袖图恩则表示该目标"尚属理想"。 如果共和党无法在限期内通过本党方案，他们将不得不与民主党展开协商，这也可能赋予民主党机会， 在债务上限谈判中制衡特朗普政策主张。 尽管财政部面临严峻挑战，贝森特多次强调，美国绝不会发生主权违约。他在众议院拨款委员会听证会 上表示："美国政府永远不会违约，财政部不会采用任何花招，我们将确保债务上限获得提高。" 值得注意的是，总统特朗普曾表示希望彻底取消债务上限机制，但共和党内的"财政鹰派"长期以来将其 视为控制财政支出的关键工具，强烈反对无条件提高上限。 贝森特在信中指出："在审查了4月报税季后的财政收入后，我们认为政府现金储备和非常规措施在国会 休会期间耗尽的可能性是合理的。" 美国政府已在今年1月初触及36.1万亿美元的法定债务上限。为避免违约，财政部自那时起启动所谓 的"非常规措施"，即通过会计手段腾挪资金以履行付款义务。然而，根据财政部早前声明 ...

Market Performance - The three major U.S. stock indices recorded declines this week, with the S&P 500 down 0.47%, the Nasdaq down 0.27%, and the Dow Jones down 0.16% [1] - At market close, the Dow Jones fell by 119.07 points, a decrease of 0.29%, closing at 41,249.38 points; the Nasdaq rose by 0.78 points to 17,928.92 points; the S&P 500 dropped by 4.03 points, a decrease of 0.07%, closing at 5,659.91 points [1] - In European markets, the DAX 30 index rose by 146.02 points, an increase of 0.63%, closing at 23,495.32 points; the FTSE 100 index increased by 22.04 points, up 0.26%, closing at 8,553.65 points [1] Cryptocurrency - Bitcoin decreased by 0.26%, priced at $102,926.4, with a market capitalization surpassing $2.044 trillion, ranking fifth among global mainstream assets [3] - Ethereum surged nearly 7% to $2,340.01, driven by easing global trade tensions and optimism regarding network upgrades, potentially achieving its largest weekly gain since 2021 [3] Macroeconomic News - U.S. President Trump reiterated a baseline tariff of 10% on trade partners, indicating potential exceptions but maintaining a firm stance on trade negotiations [4] - U.S. Treasury Secretary Scott Bessent warned that unconventional measures to avoid hitting the debt ceiling may run out by August, urging Congress to raise or suspend the debt limit [4] - Federal Reserve officials expressed concerns about the impact of tariffs on economic growth and consumer spending, noting that not all companies can pass on tariff costs to consumers [5][6] Individual Company News - Mexico has officially sued Google for renaming the "Gulf of Mexico" to "American Gulf" in its mapping services, following an executive order by former U.S. President Trump [7] - The U.S. Patent and Trademark Office rejected Tesla's application to trademark "Robotaxi" and halted the "Cybercab" trademark application, indicating ongoing scrutiny of Tesla's branding efforts [7] Ratings and Recommendations - JPMorgan upgraded its rating on emerging market Asian currencies to overweight from underweight [8] - S&P maintained Israel's rating at "A/A-1" with a negative outlook [9]