意大利经济部长：欧盟与美国关于关税的谈判"非常复杂"，我认为谈判将持续到8月1日的截止日期。 ...

印尼经济事务协调部发言人Haryo Limanseto周三在记者会上表示，部长Airlangga Hartarto计划与美国财 政部长贝森特、商务部长卢特尼克及美国贸易代表在华盛顿会晤。Limanseto表示，印尼已签署多项贸 易和投资谅解备忘录，这些谅解备忘录可作为关税谈判的润滑剂。印尼表示，对美国总统特朗普本周早 些时候发布的关税信感到"惊讶"，但希望谈判能够取得积极成果。 ...

美国财政部长贝森特（Reuters） 贝森特计划7月19日前后访日，能否实现与赤泽亮正的会谈备受关注…… 日本经济新闻（中文版：日经中文网）7月8日获悉，美国财政部长贝森特计划7月19日前后 访日，出席大阪关西世博会的活动。贝森特负责与日本的关税谈判，但目前还没有敲定正式 的部长级磋商等计划。 赤泽此前共7次访美，但没有取得具体成果。 参加世博会的国家均举行介绍各自文化和传统的"国家日"活动，"美国日"定在7月19日。贝 森特将作为美国代表参加活动。 他将很难参加7月17日至18日在南非举行的二十国集团（G20）财长和央行行长会议。美国 特朗普政府主张G20轮值主席国南非正在迫害白人。 日本经济新闻（中文版：日经中文网）高见浩辅 华盛顿报道 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 视频号推荐内容： 美国政府相关人士透露了上述消息。此次是美国财政部长自1月28日上任以来首次访日。 美国总统特朗普7月7日刚刚宣布，从8月1日起对日本征收25%的关税。贝森特访日时能否实 现与日本经济财政兼再生相赤泽亮正的会谈备受关注。 ...

印尼经济部发言人：计划在关税问题上与美国进行谈判，争取留出谈判空间。 ...

Market Performance - The Shanghai Composite Index closed at 3497.48, up 0.70% with an increase of 24.35 points [2] - The Shenzhen Component Index rose by 1.47%, closing at 10588.39, with an increase of 152.89 points [2] - The CSI 300 Index increased by 0.84%, closing at 3998.45, with an increase of 33.28 points [2] - The ChiNext Index led the gains with a rise of 2.39%, closing at 2181.08, increasing by 50.89 points [2] - The STAR 50 Index closed at 991.95, up 1.40%, with an increase of 13.66 points [2] - The North Exchange 50 Index rose by 1.36%, closing at 1420.99, with an increase of 19.07 points [2] Sector Performance - The top-performing sectors included Communication (up 2.89%), Electric Equipment (up 2.30%), and Electronics (up 2.27%) [3] - The underperforming sectors were Utilities (down 0.37%), Banks (down 0.24%), and Household Appliances (up 0.21%) [3] - Concept sectors that performed well included BC Battery (up 4.13%), Silicon Energy (up 4.02%), and PCB Concept (up 3.86%) [3] - Underperforming concept sectors included Shipbuilding System (down 0.45%) and Biomass Power Generation (up 0.03%) [3] Market Outlook - The market showed a general upward trend with the Shanghai Composite Index approaching 3500 points, and the ChiNext Index leading the gains [4] - The trading volume in the Shanghai and Shenzhen markets reached 1.45 trillion, an increase of 245.3 billion compared to the previous trading day [7] - The report anticipates that the domestic economy will maintain resilience, with a lower likelihood of unexpected policy changes in the short term [7] - The report highlights that July is a period for tariff negotiations and economic observation, with a focus on the upcoming Politburo meeting at the end of the month [7] - The external environment for A-shares is expected to stabilize, with reduced disturbances from international factors [7]

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - The pure benzene market shows a pattern of increasing supply and demand. Supply is boosted by the restart of some plants and new production lines, while demand has mostly recovered to pre - second - quarter levels. Port inventory is likely to accumulate, and the potential early production of Yulong Petrochemical's pure benzene plant has affected market sentiment and widened the price difference with styrene [3]. - The styrene market's supply - demand pattern is weakening. Supply pressure is increasing as weekly production reaches a historical high, and demand from downstream industries is softening. Port inventory is rising, and styrene has entered an inventory - building phase. Attention should be paid to the basis adjustment rhythm and the commissioning progress of Yulong Petrochemical's disproportionation unit [4]. 3. Summary by Directory 3.1. Daily Market Summary - **Fundamentals**: - **Price**: On July 7, the styrene main contract closed down 0.04% at 7337 yuan/ton, with a basis of 303 (+13 yuan/ton). - **Cost**: The Brent crude oil main contract closed at 67.0 dollars/barrel (+0 dollars/barrel), WTI crude oil at 68.3 dollars/barrel (-0.5 dollars/barrel), and the East China pure benzene spot price was 5880 yuan/ton (+0 yuan/ton). - **Inventory**: Styrene sample factory inventory was 19.4 million tons (-0.6 million tons), a 3.0% de - stocking, while Jiangsu port inventory was 9.9 million tons (+1.4 million tons), a 16.2% inventory build - up. - **Supply**: Styrene's maintenance devices are gradually returning, with a weekly output of 36.7 million tons (+0 million tons) and a factory capacity utilization rate of 80.0% (-0.1%). - **Demand**: The capacity utilization rates of downstream 3S industries have declined. EPS is at 55.9% (-3.84%), ABS at 65.0% (-1.0%), and PS at 52.4% (-5.0%) [2]. 3.2. Industrial Chain Data Monitoring - **Prices**: - **Styrene**: The futures main - contract price dropped 0.04% to 7337 yuan/ton, and the spot price rose 0.13% to 7914 yuan/ton. The basis increased 4.48% to 303 yuan/ton. - **Pure Benzene**: The East China price remained unchanged at 5880 yuan/ton, the South Korea FOB price dropped 0.42% to 711.5 dollars/ton, the US FOB price rose 2.29% to 817.8 dollars/ton, and the China CFR price dropped 0.41% to 727.5 dollars/ton. - **Spreads**: The pure benzene internal - benefit - CFR spread increased 6.60% to -398.1 yuan/ton, and the pure benzene East China - Shandong spread decreased 71.43% to -120.0 yuan/ton. - **Upstream**: Brent crude oil was flat at 67.0 dollars/ton, WTI crude oil dropped 0.73% to 68.3 dollars/ton, and naphtha dropped 0.39% to 7751.5 yuan/ton [6]. - **Output and Inventory**: - **Output**: China's styrene output was 36.7 million tons (-0.07%), and pure benzene output was 43.3 million tons (+0.16%). - **Inventory**: Jiangsu styrene port inventory increased 16.24% to 9.9 million tons, domestic styrene factory inventory decreased 2.99% to 19.4 million tons, and the national pure benzene port inventory increased 3.51% to 17.7 million tons [7]. - **Capacity Utilization**: - **Pure Benzene Downstream**: Styrene's capacity utilization dropped 0.05% to 80.0%, caprolactam rose 6.41% to 95.7%, phenol dropped 0.46% to 78.5%, and aniline dropped 0.10% to 69.2%. - **Styrene Downstream**: EPS dropped 3.84% to 55.9%, ABS dropped 0.96% to 65.0%, and PS dropped 5.00% to 52.4% [8]. 3.3. Industry News - Trump believes there is no need to extend the July 9 tariff deadline, and the US Treasury Secretary admits it may be difficult to complete all negotiations. - Trump may lead a delegation to China, and US officials are formulating a plan for him to visit China with dozens of CEOs later this year. - The US Senate passed the Trump tax - reform bill in a key procedural vote with a 51 - 49 margin [9].

智通财经7月8日电，美国和日本同意继续就关税问题展开积极谈判。 (第一财经) ...

Group 1: US-China Trade Negotiations - The US and China reached partial agreement on export controls, with the US lifting restrictions on EDA software and aircraft engines, while China eased controls on certain materials[4] - The core issues in US-China trade talks include a 20% tariff on fentanyl and a 24% deferred tariff, with expectations that the 20% tariff may be reduced, but the 24% tariff will require longer negotiations[5] - The deadline for trade negotiations is July 9, with potential outcomes affecting the future of the fentanyl tariff discussions[5] Group 2: US Trade Agreements with Other Countries - The US has reached trade agreements with Vietnam and Cambodia, but negotiations with the EU, Japan, India, and Canada have not made significant progress[3] - The US plans to impose a 40% tariff on re-exported goods from Vietnam, which may set a precedent for future agreements with other countries regarding China[6] - The Trump administration is expected to adopt a strategy of "increasing some tariffs while delaying others" to exert pressure on trade negotiation countries[5] Group 3: Tariff and Trade Policy Implications - Future unfavorable tariff clauses against China may include increased tariffs on re-exported goods, reduced supply chain reliance on China, and anti-dumping investigations targeting specific industries[6] - The US is accelerating Section 232 investigations, focusing on key industries such as pharmaceuticals and copper, with existing tariffs of 50% on steel and aluminum and 25% on automobiles[33] - The potential for a judicial battle over tariffs could shift the trade war paradigm from comprehensive tariffs to targeted structural tariffs[6]

柬埔寨副总理：美国关税从49%降至36%对柬埔寨来说是第一阶段谈判的巨大成功。 ...

2025.07. 08 本文字数：2132，阅读时长大约4分钟 作者 | 第一财 经 潘寅茹 当地时间7日，美国总统特朗普再度挥舞"关税大棒"。据央视新闻报道，7日，美国总统特朗普在社 交媒体平台上发布了致日本首相石破茂、韩国总统李在明的信件，宣布美国将自2025年8月1日起对 所有日本和韩国输美产品征收25%的关税。 在这两封内容几乎完全相同的信中，特朗普写道："请理解，25%这一数字远远低于消除我们与贵国 之间贸易逆差所需的水平。"他还警告称，如果日韩两国以提高关税作为回应，美国也将在25%的基 础上再提高同等额度的关税。 韩国通商产业部在发布的新闻稿中表示，李在明政府成立不久，本着国家利益优先的原则同美方就关 税问题展开了谈判，但因时间有限，难以就所有议题达成共识。美方新举措意味着美方暂缓征收所 谓"对等关税"至8月1日，将在剩余时间内加快谈判进程，力争达成互利共赢的谈判成果，尽早消除 关税问题引发的不确定性。 韩国通商产业部还提出，将推动国内制度改革，并优化监管体系，以减少美国对韩贸易逆差。 目前，从日本和韩国政府的公开回应来看，都提到将力争在8月1日前加紧谈判。不过，接受第一财 经记者采访的日韩问题 ...