Core Insights - Japan is considering reviewing its tax exemption policy for small parcels, aiming to strengthen scrutiny on cross-border e-commerce tax channels, joining a global trend [1][3] - The Japanese government is discussing potential changes to the current exemption for imported goods valued under 10,000 yen (approximately 500 RMB), which may include a 10% consumption tax on small imports from platforms like Shein and Temu [3] Group 1 - The Japanese Cabinet Office has discussed the implications of the small parcel exemption policy, focusing on fair competition and the risk of illegal drugs and counterfeit goods entering Japan [3] - The Ministry of Finance plans to modify the tax system next year, with detailed new tax policies expected by 2026 [3] - In 2022, Japan imported approximately 169.66 million small parcels valued at 425.8 billion yen, marking a fivefold increase over the past five years, with Shein and Temu being significant contributors [3] Group 2 - Other countries, including the United States and several European nations, are also considering adjustments to their small parcel tax exemption policies [4] - The U.S. has recently ended its tax exemption for small parcels valued under $800 from China, leading to price increases for products from Shein and Temu [4] - The European Union has proposed to eliminate the exemption for parcels under 150 euros by 2027-2028, while the UK and France are also reviewing their respective small parcel tax rules [4]

在国家发布"禁墅令"20多年后，一线城市房地产市场或将重现纯别墅楼盘。 州市规划和自然资源 | 广州市增城区荔湖街新城大道东侧120.870亩地块 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 建设用地规划条件 | | | | | | | | 穗规划资源业务函〔2025〕4957号 | | | | | | | | 广州市增城区土地开发储备中心 | 建设单位 | | | | | | | 用地位置 | 广州市增城区荔湖街新城大道东侧 | | | | | | | 240-94-1 (15) | 地形图号 | | | | | | | √政府储备用地 | □新增国有建设用地 | 用地类型 | | | | | | □新增集体建设用地 | □自有建设用地 | | | | | | | 一、规划技术指标 | | | | | | | | 总计算容积率建筑面 | > / , | 总用地性质 | 二类居住用地R2 | VI | 积(m2) | (含兼容性) | | 73080 . | | | | | | | | 可建设用地面积 | 71647.31 | ( m ...

牙买加央行将贷款利率从6.0%下调至5.75%。 ...

智通财经5月21日电，美联储博斯蒂克表示，需观察经济走向后再采取行动，不确定性增加可能会延长 政策调整的时间。 ...

Core Viewpoint - The Federal Reserve's Bostic indicates that further instability in the Treasury market will increase uncertainty, leading to delays in policy adjustments as the Fed seeks greater transparency [1] Group 1 - The instability in the Treasury market is a significant concern for the Federal Reserve [1] - Increased uncertainty in the market is expected to affect the timing of policy adjustments by the Fed [1] - The Fed's pursuit of more transparency is linked to the current market conditions [1]

Core Viewpoint - The leading economic index in the U.S. fell to 99.4 points in April, marking the largest decline since March 2023, raising concerns about the economic growth outlook [1][9] Group 1: Reasons for Decline in Leading Economic Index - Global economic slowdown significantly impacts the U.S. economy, with factors such as international trade tensions, slowing growth in emerging markets, and global policy uncertainty contributing to the decline [3] - Domestic policy uncertainty, including adjustments in fiscal policy, changes in tax policy, and regulatory environment, leads to cautious investment and expansion decisions by businesses [4] Group 2: Economic Growth Forecasts - The forecast indicates that the U.S. real GDP growth rate will slow to 1.6% by 2025, lower than previous expectations, reflecting market concerns about the growth outlook [5] Group 3: Inflation Pressures - Despite the economic slowdown, inflationary pressures remain, with the inflation rate in the U.S. rising over the past year, complicating the Federal Reserve's monetary policy adjustments [6] Group 4: Policy Adjustments and Market Expectations - The Federal Reserve may need to adjust monetary policy in response to the anticipated economic slowdown, potentially leading to more accommodative measures to support growth, which will impact market interest rates and asset prices [8] - Market expectations regarding the U.S. economic growth outlook have shifted, with investor concerns about the slowdown potentially leading to increased market volatility, particularly in equity and bond markets [9]

英国央行首席经济学家皮尔(Huw Pill)周二表示，考虑到通胀前景，他认为每季降息一次的步伐过快， 但他本月稍早投票支持按兵不动或许是 "暂不表态"。皮尔在伦敦 巴克莱银行发表演讲时说："我会把我 在5月投票定性为赞成在继续撤出货币政策限制的过程中'暂不表态'，而不是中止撤出的进程。"其 称，"不应将其视为赞成停止解除限制，更不用说逆转。"皮尔说，自2024年中期以来的季度降息步伐 "太快了"。 ...

新华财经北京5月20日电上周，全球贸易局势有所缓和，尤其是中美贸易双方通过磋商达成阶段性共 识，市场风险偏好有所回升，叠加美联储官员多次强调在货币政策调整上保持谨慎，市场对美降息预期 也有所降温。国际金价受到压制，回调幅度较大。 不过，尽管中美贸易暂时敲定了协议，但可以预见的是，特朗普政府一贯的＂美国优先＂的贸易保护主 义政策将继续对全球政经秩序造成持续的困扰，美元信用也将持续衰落并对美国自身造成更大反噬。近 期，三大国际评级机构之一的穆迪下调了美国信用评级即是有力佐证，尽管美政府、美联储、华尔街纷 纷表态，试图降低穆迪调降的影响力，但美国经济衰退的趋势已愈发明显。与此同时，美联储长期维持 高利率环境已严重削弱了其国内的消费意愿，今年第一季度经济已萎缩0.3%，美国经济正遭受严重损 害。预计接下来特朗普政府与美联储对于围绕降息展开的博弈将不可避免的再度升级，市场对美国经济 前景的担忧将进一步加剧。 展望本周，市场关注焦点依然集中在全球地缘局势及贸易摩擦进展方面，此外，多位美联储官员对货币 政策的表态也将对黄金本周行情走势产生一定影响。从技术面来看，现货金价自上周初经大幅向下调整 后，周终收盘拉回3200美元／ ...

Core Viewpoint - Japan is considering a review of its tax exemption policy for small packages, which may lead to the imposition of sales tax on online purchases [1] Group 1: Tax Policy Changes - A government tax expert group discussed issues related to the current tax exemption policy for small packages sent to Japan [1] - If the exemption terms are modified, small packages purchased from online platforms may be subject to a sales tax, which is generally 10% in Japan [1] - Currently, packages valued under 10,000 yen (approximately 69 USD) are mostly exempt from taxes [1] Group 2: Government Initiatives - Another group established by the Japanese Ministry of Finance is also investigating similar issues regarding small package taxation [1]

Group 1 - The core point of the article is the significant reduction of tariffs on Chinese imports by the US and the corresponding decrease in tariffs on US imports by China, which is expected to reshape trade dynamics between the two countries [1][3][5] - The US will lower tariffs on Chinese goods from 145% to 30% over the next three months, while China will reduce tariffs on US goods from 125% to 10% [1] - Brazil's soybean export premium has dropped, and US futures prices have reached a three-month high due to expectations that China may purchase more soybeans from the US [1][3] Group 2 - China has been investing in upgrading infrastructure in Brazil, including the Santos port, which will shorten the transportation cycle for Brazilian soybeans to China to 23 days and increase annual throughput by 30% [1] - Chinese companies have invested $3.5 billion in building a deep-water port in Peru and are laying down a thousand-kilometer railway network in Brazil, which will double the export capacity of South American food to China [1] - In 2024, Brazil's soybean exports to China are projected to reach 3.5 times that of the US, indicating a significant shift in supply sources [3] Group 3 - Following the tariff adjustments, there has been a 277% surge in container bookings from China to the US, indicating a rapid response in the shipping market [5] - The average booking volume for container transport from China to the US reached 21,530 twenty-foot equivalent units, a significant increase from the previous week's 5,709 units [5] - The reduction in tariffs is expected to last until August 12, and there is optimism among US businesses regarding potential further negotiations and tariff reductions [5] Group 4 - Despite the tariff reductions, US farmers express that the pause in tariffs is insufficient, highlighting ongoing challenges in regaining market share in China [1][3] - The article notes that the US has struggled to compete in the soybean market, with Chinese imports from Brazil and Argentina rapidly increasing since the trade tensions began [3] - The article also mentions that high tariffs on Chinese goods have led to increased consumer dissatisfaction in the US, impacting political support for current policies [7]