Group 1 - The Cambodian Deputy Prime Minister is prepared to engage in further discussions with the United States to negotiate additional tariff reductions [1]

Group 1: Investment Outlook - The mid-2025 outlook for the Chinese stock market is influenced by both domestic and international factors, with a focus on domestic consumption as a key area of interest [1] - The government is expected to continue and expand the successful "trade-in" consumption policy from the previous year, aimed at boosting consumer confidence and spending [2] - The global trade environment remains uncertain, with potential challenges to exports due to ongoing trade policy impacts and declining global demand [3] Group 2: Investment Strategy - In light of the unclear macro environment, a bottom-up investment approach is recommended, focusing on companies with strong fundamentals and resilient earnings that are less affected by external shocks [4] - This strategy allows investors to be more flexible in responding to market volatility and to identify long-term winners across various sectors [4] Group 3: Capital Inflows and Valuation - Strong inflows of southbound capital through the connectivity mechanism reflect a favorable liquidity environment and interest in Chinese companies listed in Hong Kong, with net purchases reaching $78 billion, accounting for 75% of the expected total for 2024 [5] - The current valuation of the Chinese stock market remains attractive, with the MSCI China Index trading at a price-to-earnings ratio of approximately 11 times, representing a significant discount of about 47% compared to the U.S. market [5]

Core Viewpoint - The German Chancellor Merz is actively seeking ways to reduce tariffs [1] Group 1 - The initiative to lower tariffs indicates a potential shift in trade policy that could impact various industries [1]

Group 1 - The Ontario trade representative David Paterson indicated that there is a possibility of progress in negotiations to lower high tariffs with the U.S. during the upcoming G7 summit in two weeks [2] - Paterson expressed hope for a meeting between President Trump and Prime Minister Mark Carney at the G7 summit to achieve further results on tariff reductions [2] - Despite a temporary court ruling blocking the Trump administration's emergency order to normalize tariffs, trade negotiations are ongoing [2] Group 2 - The recent court ruling does not affect tariffs on steel, aluminum, and automotive industries, which are crucial to Ontario's economy [3] - Paterson emphasized the need for Canada to solidify its position as a key trade partner with the U.S. in the short term, as other countries are also competing for bilateral trade agreements [4] - Countries like Japan, South Korea, the UK, the EU, and Vietnam are actively seeking bilateral agreements with the U.S. [6] Group 3 - The UK has reached a framework trade agreement with the U.S., serving as a model and motivation for Canada to secure its own advantageous agreements [6] - Paterson highlighted that tariffs on British-made cars entering the U.S. are lower than those on Chevrolet produced in Ontario, indicating a need for Canada to achieve more progress [6] - As a signatory of the CUSMA agreement, Canada should receive preferential treatment in the U.S. market [6] Group 4 - Paterson's role includes conveying to the Trump administration the importance of Canada as a major trade partner, as trade volumes between U.S. states and Canada exceed those with any other country [6] - A recent visit by a U.S. Senate delegation to Ottawa, led by North Dakota Republican Senator Kevin Cramer, exemplifies the recognition of Canada's significance by U.S. officials [6] - It is acknowledged that the U.S. should prioritize reducing tariffs on Canada to inject certainty into the economy [7]

Core Insights - Brazilian President Lula signed an executive order aimed at reducing tariffs, which is expected to benefit a population of 60 million people [1] Group 1 - The executive order is part of a broader strategy to enhance economic conditions in Brazil [1] - The reduction in tariffs is anticipated to lower the cost of goods for consumers, potentially stimulating domestic consumption [1] - The initiative reflects the government's commitment to economic reform and trade liberalization [1]

Group 1 - Citigroup Inc. predicts that the US dollar may further decline following the G-7 meeting, as global leaders discuss exchange rate policies in trade negotiations with the US [1] - The bank's strategists believe that the US will not actively pursue a weak dollar policy, but the dollar will depreciate as agreements to lower tariffs are reached with trade partners [1] - Overall risk is tilted towards dollar depreciation, with expectations that the motivation for maintaining a strong dollar policy will weaken as high tariff policies are reversed [1]

越南加紧与美国谈判以降低高额关税 跟踪越南市场动态 +订阅 跟踪全球贸易动向 +订阅 金十数据5月17日讯，周五，越南和美国举行了首次部长级直接谈判。美国即将对越南进口商品征收 46%的关税，这可能会严重影响越南的经济增长。越南贸易部在周六发表的一份声明中表示，在第31届 亚太经合组织贸易部长级会议之后，越南和美国在韩国济州岛举行的会议象征着两国致力于促进稳定的 经济、贸易和投资关系。上个月，越南贸易部长阮鸿延和美国贸易代表贾格里尔通了电话，正式开始谈 判。"美国贸易代表办公室同意越南目前的做法和建议，"贸易部的声明说。"美国希望，在双方的共同 努力下，未来几天的技术层面谈判将取得积极成果。" ...

本文不构成个人投资建议，不代表 平台 观点，市场有风险，投资需谨慎，请独立判断和决策。 觉得好看，请点"在看" ⭐星标华尔街见闻，好内容不错过 ⭐ 特朗普政府周一发布行政命令称，自5月14日起，通过邮政服务从中国寄送价值不超过800美元的商品， 税率将从120%降至54%。（中国日报） ...

特朗普政府周一发布行政命令称，自5月14日起，通过邮政服务从中国寄送价值不超过800美元的商品， 税率将从120%降至54%。（中国日报） ...

德国总理默茨：近期将与美国总统特朗普就关税问题进行会谈。将首先推动降低关税，其次推动简化技 术标准。 ...