Core Viewpoint - The President of the European Central Bank, Christine Lagarde, emphasized the importance of cooperation among countries to address trade tensions, stating that coercive trade policies are not a sustainable solution for current trade imbalances [1] Group 1 - Lagarde highlighted that being a bully in global trade is not a long-term strategy, and countries must seek collaborative solutions despite geopolitical differences [1] - She pointed out that protectionist measures do not address the root causes of trade imbalances and can undermine the foundation of global prosperity [1] - The integration of global supply chains has deepened, but geopolitical stances are no longer as aligned as in the past, increasing risks more than ever [1] Group 2 - Lagarde warned that coercive trade policies are more likely to provoke retaliation, causing harm to both parties involved [1]

我们，中华人民共和国、53个非洲国家和非洲联盟委员会代表齐聚长沙，遵照2024年中非合作论坛 北京峰会领导人共识，全面推进落实《关于共筑新时代全天候中非命运共同体的北京宣言》。 一、我们一致认为，全球南方的崛起壮大代表着时代潮流和发展方向，中国和非洲是全球南方的重 要组成和坚定力量。我们呼吁世界各国特别是全球南方国家同心协力，携手构建人类命运共同体，高质 量共建"一带一路"，推动落实全球发展倡议、全球安全倡议、全球文明倡议，赞赏中非共筑新时代全天 候命运共同体对维护全球南方团结合作、捍卫多边主义的积极意义。 新华社长沙6月11日电 中非维护全球南方团结合作的长沙宣言 五、我们呼吁国际社会秉持共商共建共享原则，坚持真正的多边主义，共同反对各种形式的单边主 义、保护主义，维护以联合国为核心的国际体系，维护以世界贸易组织为核心的多边贸易体系，推动经 济全球化朝着更加开放、包容、普惠、均衡的方向发展，营造更有利于全球南方的贸易、投资、融资环 境。 六、我们将团结一致筑牢主权平等的基石，坚持国家不分大小强弱，都是国际社会平等一员，坚决 维护国际公正秩序。我们将继续坚定捍卫彼此正当权益，在乱局变局中携手并肩、相互理解、彼 ...

金十数据整理：每日全球外汇市场要闻速递（6月11日） 美元： 1. 据路透调查：105位经济学家中，59位认为美联储将在下个季度（可能在9月）恢复降息，超过六成经 济学家预测美联储今年将至少降息两次。 2. 美国白宫：有关美国财政部长贝森特被视为下一任美联储主席候选人的报道不属实。 非美主要货币： 4. 日本央行呼吁加大力度推动日本进入无现金社会。 5. 路透调查显示，由于美国关税政策的不确定性，日本央行今年将放弃再次加息。 6. 欧洲央行行长拉加德：强制性的贸易政策无法持续，保护主义不能解决根源问题。要维护繁荣目标， 需寻求合作解决方案。 7. 欧洲央行管委斯图纳拉斯：稳定的欧盟政策正在吸引投资者投资欧元。 其他： 1. 惠誉：美元贬值为部分新兴市场央行加快降息提供了空间。 2. 肯尼亚央行将基准利率下调至9.75%，市场预期为9.50%。 1. 美国和瑞士就客户投资信息共享达成协议。 2. 路透调查显示，英国经济今年将温和增长1%，英国央行将在2025年再降息两次。 3. 欧洲央行管委武伊契奇：欧洲央行在利率方面处于非常有利的位置。欧洲央行可以等到九月份再讨论 是否采取行动。 3. 巴西通胀意外降温，交易 ...

金十数据6月11日讯，欧洲央行行长拉加德在演讲中表示，强制性贸易政策不是解决当今贸易紧张局势 的可持续办法。保护主义在缓解失衡问题时，并非解决根源问题，而是在侵蚀全球繁荣的基础。随着各 国如今通过全球供应链深度融合——但地缘政治上不再像过去那样结盟——这种风险比以往任何时候都 更大。强制性贸易政策更有可能引发报复，并导致对双方都有害的结果。欧洲央行近期的分析强调了我 们面临的共同风险。我们的工作人员发现，如果全球贸易分裂成相互竞争的集团，世界贸易将大幅收 缩，每个主要经济体的情况都会更糟。 拉加德：强制性的贸易政策无法持续 保护主义不能解决根源问题 ...

Core Viewpoint - The leader of Japan's largest opposition party, the Constitutional Democratic Party, suggests that Japan should leverage the expansion of regional free trade agreements as a bargaining chip in tariff negotiations with the United States [1] Group 1: Trade Negotiations - Japan's chief negotiator recently concluded the fifth round of talks in Washington, with little indication that U.S. tariffs will be eased [1] - The opposition leader emphasizes the importance of advancing free trade to potentially prompt the U.S. to reconsider its protectionist stance [1] Group 2: Domestic Economic Policy - The upcoming Japanese Senate elections are expected to focus heavily on inflation, which may be exacerbated by Trump's trade war [1] - To address the cost of living crisis, the opposition party proposes a one-year suspension of the consumption tax and a one-time cash subsidy of 20,000 yen for each resident [1] - Funding for this initiative is suggested to come from a combination of existing fiscal resources, including fiscal reserves and surplus foreign exchange funds [1]

Core Viewpoint - The increase of tariffs on steel and aluminum imports by the U.S. from 25% to 50% is seen as a unilateral and protectionist action that could disrupt global supply chains and trade, with potential indirect impacts on China's steel exports [2][5]. Group 1: U.S. Tariff Policy - The U.S. has raised tariffs on imported steel and aluminum, with the new rates effective from June 4, 2025, following a history of tariff increases initiated by former President Trump [3]. - The White House's executive order maintains a 25% tariff on steel and aluminum imports from the UK, with potential adjustments based on compliance with environmental policies [3]. Group 2: Impact on China - In 2024, China exported 110.716 million tons of steel, a 22.7% increase year-on-year, but only about 890,000 tons were exported to the U.S., representing 0.8% of China's total steel exports, indicating limited direct impact from the tariff increase [4][5]. - Concerns exist that the U.S. tariff policy may indirectly affect China's steel exports through its impact on downstream industries and the global trade system [5]. Group 3: International Reactions - The tariff increase has faced criticism from Canada, the EU, and Japan, with officials expressing concerns about its legality and potential negative effects on ongoing trade negotiations [5]. - Japan's exports of steel and aluminum to the U.S. are expected to decrease significantly, potentially impacting Japan's GDP growth [5]. Group 4: Domestic Concerns in the U.S. - There are worries among U.S. domestic stakeholders that rising costs of steel and aluminum imports will ultimately be passed on to American consumers [6]. - The OECD has revised down the U.S. economic growth forecast for 2025 and raised inflation expectations, indicating potential economic challenges ahead [6].

Core Viewpoint - In the first four months of the year, China's total goods trade import and export value increased by 2.4% year-on-year, indicating sustained economic vitality and resilience in foreign trade despite external challenges [1] Group 1 - The growth rate of imports and exports in April accelerated by 4.3 percentage points compared to the first quarter, reflecting a positive trend in trade performance [1] - The statement emphasizes that "Chinese manufacturing" remains a global necessity, and the Chinese market continues to be a hotbed for investment [1] - The spokesperson highlighted that unilateralism and protectionism are unsustainable, and barriers cannot hinder China's commitment to open cooperation and shared development with countries around the world [1]

就接下来在扩大中国与南亚国家经贸合作方面有哪些考虑，商务部副部长鄢东在国新办新闻发布会上表 示，要发挥企业主体作用。在中国—南亚国家经贸合作蓬勃发展中，工商界是重要的参与者、推动者、 实践者。中方愿加强与南亚各国重要商协会、贸易投资促进机构的广泛联系，开展贸易投资促进活动， 不断扩大南亚国家朋友圈，为企业家朋友搭建交流信息、创新合作的平台，继续鼓励和支持中国企业赴 南亚国家考察对接，挖掘双方经贸合作潜力，共同将合作愿景转换为具体行动。要共同坚持多边主义。 要践行真正的多边主义，共同反对单边主义、保护主义，维护以世贸组织为核心的多边贸易体制。共同 倡导平等有序的世界多极化和普惠包容的经济全球化，为世界发展注入更多的稳定性和确定性。(人民 财讯) ...

Group 1: U.S. Tariff Policy on Steel and Aluminum - The U.S. has raised tariffs on imported steel and aluminum from 25% to 50%, effective from April 4, which China criticizes as unilateralism and protectionism [2] - China emphasizes that the U.S. tariff measures violate WTO rules and disrupt global supply chains, urging the U.S. to respect economic laws and engage in dialogue to maintain a rules-based multilateral trade system [2] Group 2: Automotive Industry Competition - The automotive industry is identified as a pillar of the national economy, crucial for growth and consumption expansion, with ongoing initiatives to boost automotive consumption [4] - The Ministry of Commerce plans to enhance tracking and policy guidance for the automotive market, aiming to address barriers in automotive circulation and meet diverse consumer needs [5] - In response to "involution" competition in the automotive sector, the Ministry will strengthen compliance guidance and market order maintenance to promote healthy industry development [6] Group 3: U.S.-China Trade Relations - Following the Geneva trade talks, the U.S. has implemented new restrictions against China, which China strongly opposes, demanding an immediate halt to these measures [8] - The U.S. Trade Representative extended the exemption period for the Section 301 investigation into China's practices until August 31, 2025, which China views as a continuation of unilateral trade protectionism [10]

Group 1 - The core viewpoint is that there are no winners in a trade war, as both exporting and importing countries, producers, and consumers will suffer losses. Cooperation is the only way forward, and the rules supporting global trade need to be jointly maintained by all parties [1][2] - The U.S. government's tariff policies are causing severe impacts on both the U.S. and global markets, affecting global producers exporting to the U.S. and leading to increased costs for U.S. consumers [1] - Small and medium-sized economies participating in international trade find themselves in a dilemma, lacking the leverage to influence U.S. trade policies, which highlights their preference for a multilateral trade system to protect their interests [1] Group 2 - The stability of trade rules depends on the recognition and support from all parties, and selective enforcement of these rules can lead to deep impacts on the international trade system [2] - Strengthening and perfecting regional supply chains is proposed as a solution to the current tariff crisis, with a significant portion of products being consumed within the region, leading to a more balanced international trade structure [2]