Core Viewpoint - President Trump indicated that besides South Korea, other countries are also proposing tariff reductions [1] Group 1 - The discussion around tariff reductions is gaining traction among multiple countries, suggesting a potential shift in trade dynamics [1]

Core Viewpoint - Japan's Minister of Economy, Trade and Industry, Yasutoshi Nishimura, is urging the United States to swiftly reduce tariffs on Japanese automobiles ahead of the August 1 deadline [1] Group 1 - The Japanese government is seeking measures to lower U.S. tariffs on Japanese cars [1]

Core Viewpoint - The Indian government opposes Australia's request for further reductions in tariffs on dairy products and wine in the second phase of the trade agreement [1] Group 1 - The Indian government is resistant to changes in tariff structures that would benefit Australian dairy and wine exports [1]

Core Viewpoint - The article highlights that the United States will significantly reduce tariffs on various Vietnamese products, which is expected to enhance trade relations and benefit the Vietnamese economy [1] Group 1: Tariff Reductions - The U.S. is set to implement substantial cuts in tariffs on a range of products imported from Vietnam, potentially leading to increased exports from Vietnam [1] - This move is anticipated to create a more favorable trade environment for Vietnamese manufacturers and exporters [1] Group 2: Economic Impact - The reduction in tariffs is likely to stimulate economic growth in Vietnam by boosting trade volumes and attracting foreign investment [1] - Vietnamese industries that rely heavily on exports may experience improved profitability and market expansion opportunities as a result of the tariff cuts [1]

Group 1: Report Industry Investment Ratings - Gold investment rating: ☆☆☆, indicating a clearer long - trend and a relatively appropriate investment opportunity currently [1] - Silver investment rating: ★☆★, where the white star represents that the short - term long/short trend is in a relatively balanced state, and the current market is less operable, suggesting to wait and see [1] Group 2: Core Views of the Report - Overnight, the gold price fluctuated, and silver rose along with the copper price breaking through resistance. Sino - US leaders agreed to continue implementing the Geneva Consensus and hold a new round of talks soon. The US weekly initial jobless claims unexpectedly rose to 247,000, hitting an eight - month high. After the generally weak US economic data this week, the focus is on tonight's non - farm payrolls report. Gold should maintain the idea of buying on dips based on the strong support at $3000, and silver has opened up upside space after breaking through [1] Group 3: Summary According to Related Information Trade and Tariff News - The US shows flexibility in reducing additional reciprocal tariffs on Japan [2] - US and Indian negotiators may finalize tariff cuts and market access issues to reach a temporary agreement [2] - Trump claims to reach a good trade agreement with Germany [2] Russia - related News - Trump and Putin did not reach any agreement on a face - to - face meeting. Trump said it's difficult to achieve an immediate cease - fire in the Russia - Ukraine conflict. If the agreement with Russia fails, the US will take tough measures. Trump has not reviewed the Russia sanctions bill, believing it's too harsh [2] European Central Bank Policy - The European Central Bank cut three key interest rates by 25 basis points. Lagarde hinted that the interest - rate cut cycle may end, and the market no longer fully prices in another 25 - basis - point rate cut this year [2]

Group 1 - The core viewpoint of the article is that Japan and the United States are advancing trade negotiations, with potential announcements of an agreement during the G7 summit [1] - Japan is attempting to secure tariff exemptions by committing to increase automobile production in the U.S. and enhancing cooperation in the rare earth sector [1] - Japanese Trade Representative Akira Amari is in Washington discussing non-tariff barriers, expanded trade, and economic security cooperation with U.S. Commerce Secretary Gina Raimondo [1] Group 2 - Japan's proposal includes a mechanism where an increase in automobile production and exports to the U.S. could lead to a proportional reduction in the 25% automobile tariff [1] - Japan still hopes for a complete elimination of tariffs but considers a reduction in rates as an alternative option [1] - Recent phone conversations between Shigeru Ishiba and Donald Trump have raised expectations for an agreement announcement during the G7 summit [1]

Domestic News - The Ministry of Commerce responded to new restrictions imposed by the U.S. on China, stating that if the U.S. continues to harm China's interests, China will take strong measures to protect its legitimate rights and interests [2] International News - The U.S. has shown flexibility in reducing additional reciprocal tariffs on Japan, while negotiations between the U.S. and India may lead to a temporary agreement on tariff reductions and market access [3] - Spot silver has surpassed $36 per ounce for the first time since February 2012 [3] - The U.S. trade deficit has sharply decreased by 55.5% to $61.6 billion due to a significant drop in imports caused by Trump's tariffs [3] - The European Central Bank's interest rate statement maintains its current stance on future rate paths, with Lagarde suggesting the end of the rate-cutting cycle; the market no longer fully prices in a 25 basis point cut within the year [3]

Core Viewpoint - The United States and India are in discussions to finalize a temporary tariff agreement, focusing on tariff reductions and market access issues, with an announcement expected before the July 9 deadline set by President Trump [1] Group 1: Negotiation Details - The U.S. trade delegation is engaged in a two-day meeting in New Delhi to negotiate tariff reductions [1] - Discussions are centered around specific sectors, including agriculture and automobiles, with potential benefits for Indian companies being considered [1] Group 2: Timeline and Expectations - An Indian government official indicated that the agreement could be formally announced by the end of the month [1] - A statement regarding the agreement is anticipated to be released before the upcoming Sunday [1]

Domestic News - The central bank governor emphasized the need for an appropriately loose monetary policy to meet the effective financing needs of the real economy and maintain reasonable growth in the total financial volume [1] - In April, the total electricity consumption in China reached 772.1 billion kilowatt-hours, a year-on-year increase of 4.7%. From January to April, the cumulative electricity consumption was 3,156.6 billion kilowatt-hours, up 3.1% year-on-year, with industrial power generation accounting for 2,984 billion kilowatt-hours [1] - The National Development and Reform Commission is working to further improve the institutional mechanisms that promote the development of the private economy [1] - Several banks have recently lowered the interest rates on fixed-term deposits and large-denomination certificates of deposit, with large-denomination products soon entering the "1 era" [1] - China successfully launched the Zhongxing 3B satellite, which is primarily used for voice, data, and broadcasting transmission services [1] International News - The Reserve Bank of Australia cut the benchmark interest rate by 25 basis points to 3.85%, marking a return to the "3" range for the first time in two years [2] - The Bank of Japan's report revealed market divisions, raising concerns about the liquidity crisis in ultra-long-term government bonds [2] - The European Union approved the 17th round of sanctions against Russia, with more sanctions in the pipeline [3] - The issuance of European bonds has surged at a record pace, surpassing one trillion euros [3]

Core Viewpoint - Japan is considering accepting U.S. tariff reductions instead of exemptions [1] Group 1 - The potential shift in Japan's trade policy may impact bilateral trade relations with the U.S. [1] - Acceptance of tariff reductions could lead to changes in import/export dynamics between Japan and the U.S. [1] - This decision may influence Japan's economic strategy and its position in global trade [1]