Core Viewpoint - The new EU tax policy targets the influx of "Made in China" products, aiming to create a fairer competitive environment for EU businesses while raising concerns about protectionism and its impact on global trade [1][3]. Group 1: EU Tax Policy - The EU has decided to eliminate the tax exemption for small packages valued under 150 euros, which was initially designed to facilitate small-scale trade and consumer convenience [3]. - This policy change is seen as a response to the rapid growth of Chinese e-commerce, which has captured a significant share of the European market with affordable products [3]. - The EU Commission explicitly stated that the goal is to protect internal EU businesses, indicating a shift towards a more protectionist stance [3]. Group 2: China's Response - The Chinese Foreign Ministry responded to the EU's policy by emphasizing the need for a fair, transparent, and non-discriminatory business environment for all companies, including Chinese firms [5][6]. - The response highlighted concerns about the fairness and transparency of the EU's decision-making process and questioned whether the new policy would lead to further trade friction [6]. Group 3: Impact on Stakeholders - European consumers are likely to face higher prices for goods previously available at lower costs, effectively imposing a "collective tax" on them [8]. - EU small and medium-sized retailers that rely on Chinese imports for materials or semi-finished products will also be adversely affected, as increased tariffs raise overall industry costs [8]. - Chinese exporters, particularly small sellers, may experience short-term challenges due to rising logistics and customs costs, leading to a potential industry reshuffle [8]. Group 4: Global Trade Context - The EU's decision reflects a broader trend of rising protectionism and a retreat from globalization, as seen in various countries' policies targeting foreign enterprises [10]. - China's commitment to maintaining an open trade environment contrasts with the EU's protectionist measures, showcasing a divergence in trade philosophies [10]. - The situation serves as a test of strategic resolve for countries amid the pressures of de-globalization, urging Chinese enterprises to focus on core technologies and competitive advantages [13].

我国货物进出口保持增 外贸韧性持续彰显 国务院新闻办公室11月14日举行新闻发布会 介绍2025年10月份国民经济运行情况 | 贝彻进山口局创 | | 同比增下 | | --- | --- | --- | | 10月份 | 37028亿元 | 0.1% | | 1至10月份 | 373090亿元 | 3.6% | | 外贸多元化稳步拓展 | | | 1至10月份 进出口总额增长 东盟 9.1% 手国与 欧盟 4.9% "一带一路" 共建 5.9% 国家 国家统计局有关负责人表示 在全球贸易保护主义抬头、贸易环境不确 定性较大的背景下,我国货物进出口保持 持续增长,展现出了较强韧性和活力。 化妆 L 二十六年生生 =1 LL + + 1 / 尽管受高关税影响，我国对美的进出口 出现下降,但我国坚持扩大高水平开 放,有序扩大自主开放和单边开放,在 5523222223247 ユイリヘ脱生四エルエロコロス 往来,对东盟、欧盟等合作伙伴进出口 增速加快，有力支撑了外贸持续增长。 外贸企业活力不断释放 1至10月份 民营企业进出口增长7.2% 明显快于全部货物进出口增长 外商投资企业进出口增长2.9% 继续保持增长 出 ...

新华社北京11月14日电（记者刘杨、董雪）外交部发言人林剑14日表示，希望欧盟恪守市场开放承 诺和公平竞争原则，认真倾听并重视解决中国企业的合理建议和正当诉求，为中国企业赴欧投资兴业营 造公平、可预期的市场环境。 他指出，近年来，欧方鼓噪对华经济竞争，持续推进对华"去风险"，以维护"经济安全""公平竞 争"等为名，出台了一系列保护主义措施，在芯片、5G、电动汽车等许多中欧本可开展互利共赢合作的 领域人为设限，对中国企业采取歧视性、限制性措施，扰乱全球产供链健康稳定运行。有关做法不仅无 助于提高欧方自身产业竞争力，还对外释放了欧盟市场开放程度不断倒退的消极信号，影响了中国企业 赴欧投资信心，最终只会损害欧方自身利益。 林剑表示，多年来，中国企业持续深耕欧洲市场，积极承担社会责任，为欧盟经济增长和绿色转 型、促进就业和民生福祉作出积极贡献。中共二十届四中全会审议通过"十五五"规划建议，为未来5年 的中国经济发展擘画了蓝图。中国接续推进中国式现代化、坚定扩大高水平对外开放，必将为中欧合作 带来更多机遇。在当前国际形势复杂多变、世界经济增长动能不足、贸易保护主义阴云密布的背景下， 中欧更应坚持对话合作，坚定维护自由贸 ...

【文/观察者网 齐倩】 从马德里到成都、北京，两大文明古国跨越欧亚大陆的握手，正为一个多极化世界该如何运作，写下了 超越集团对抗的崭新范式。 "早上好！非常感谢。"11月11日上午，西班牙国王费利佩六世在成都举行的中国－西班牙商务论坛开幕 式上，秀了一句中文。此次论坛共有180家西班牙企业和近200家中国企业参加。 论坛上，西班牙经济、贸易和企业大臣卡洛斯·奎尔波表示，"不确定性"已成为全球形势新常态，但中 国仍是西班牙政府"毋庸置疑的优先事项"。他同样说了几句中文，赢得了热烈掌声。 12日，两国元首共同见证签署经贸、科技、教育等领域的10份合作文件，以实实在在的成果为此次历史 性访问写下了最有力的注脚。 西班牙国王费利佩六世在成都活动上发言 西班牙媒体 应中方邀请，费利佩六世10日开启对中国为期四天的国事访问。一名商界官员告诉英国《金融时报》， 在西班牙国王率领的访华团中，包括了来自汽车、食品、能源和制药等行业的一大批西班牙企业领袖和 代表。 多家西班牙媒体赞扬此次访华行程。其中，《世界报》引述中国媒体报道称，"2025年最令人惊讶的外 交时刻之一，无疑是费利佩六世访华"。《先锋报》提到，此行旨在缩小已近4 ...

Core Points - The article discusses the significant legal battle in the U.S. Supreme Court regarding Trump's tariff policies, which he claims are crucial for the nation's future [1][3] - Trump's tariffs have led to increased costs for American consumers, contradicting his previous claims that foreign countries would bear the burden [3][5] - The Supreme Court's conservative justices are scrutinizing the legality of Trump's tariffs under the International Emergency Economic Powers Act, which has never been used for comprehensive tariffs [5][6] Group 1 - Trump's assertion that the case is the "most important in history" highlights its potential to redefine presidential power and impact the U.S. economy and trade for decades [3][5] - The Supreme Court's conservative majority, including justices appointed by Trump, is questioning the extent of presidential authority in imposing tariffs [6][8] - Economic analyses indicate that Trump's tariffs have resulted in over $1.2 trillion in losses for U.S. businesses, with more than half of the costs passed on to consumers [5][8] Group 2 - The core dispute centers on whether Trump has the authority to impose tariffs based on a 1977 law, with historical precedent suggesting such powers belong to Congress [5][6] - The justices expressed skepticism about the justification for tariffs, with some questioning the validity of Trump's claims regarding foreign investment resulting from these tariffs [6][8] - Potential outcomes of the Supreme Court's ruling include full support for Trump's tariff powers, complete rejection of his policies, or a compromise that partially upholds and partially overturns the tariffs [8][10]

Core Insights - The forum highlighted the challenges and future of global economic governance, emphasizing the need for cooperation amidst rising unilateralism and protectionism [3][4] Group 1: China's Economic Strategy - China is advancing institutional openness to create a win-win cooperation environment, countering the rise of unilateralism and trade protectionism [3] - Recent policies include the implementation of "three negative lists" for cross-border service trade, investment, and market access, promoting consistent management of domestic and foreign capital [3] - The bilateral trade between China and ASEAN grew by 9.6% year-on-year from January to September 2025, indicating deepening economic ties [3] Group 2: Global Trade Dynamics - Pascal Lamy identified three new norms in global trade: the rise of protectionism, the strengthening of preventive measures, and the weaponization of trade [4] - Lamy emphasized the importance of maintaining a multilateral system and fostering flexible international cooperation, particularly between China and the EU on shared concerns like climate change [4] Group 3: WTO and Multilateral Trade System - The WTO remains essential for global trade, and China is committed to multilateralism, advocating for structural reforms to enhance the efficiency of the dispute resolution mechanism [6] - The U.S. has shifted from being a proponent of free trade to a disruptor of the multilateral trade system, impacting global trade dynamics [5] - Lamy suggested that the WTO's effectiveness could be improved by enhancing organizational efficiency and addressing new complex issues [5][6] Group 4: Future Economic Pathways - Lamy recommended that China continue its economic transformation, particularly by boosting consumption, while businesses should enhance supply chain resilience and adaptability [4] - The dual-edged effect of digital technology was discussed, highlighting its role in accelerating service trade growth while also creating new trade barriers due to differing data regulations [4][5]

Core Viewpoint - The event highlighted the challenges and opportunities in global trade, emphasizing the need for multilateral cooperation amidst rising protectionism and unilateralism [1][2][4]. Group 1: China's Trade Policies - Zhao Jinping outlined China's recent policies aimed at service trade openness, including the implementation of "three negative lists" for cross-border service trade, investment, and market access [1]. - The cooperation between China and ASEAN has deepened, with bilateral trade growing by 9.6% year-on-year from January to September 2025, serving as a stabilizing anchor for China's foreign trade relations [1]. Group 2: Global Trade Dynamics - Pascal Lamy identified three new norms in global trade: the rise of protectionism, the strengthening of preventive measures, and the weaponization of trade [2]. - Lamy emphasized the importance of maintaining a multilateral system and suggested that China and the EU should seek cooperation in areas like climate change and biodiversity [2]. Group 3: WTO and Multilateralism - The discussion highlighted the U.S.'s shift from a proponent of free trade to a disruptor of the multilateral trading system, impacting the WTO's effectiveness [3][4]. - Zhao Jinping reaffirmed China's commitment to multilateralism and the necessity for structural reforms within the WTO to enhance its dispute resolution efficiency [4]. Group 4: Strategic Choices for China - Zhao Jinping proposed that external pressures could lead to greater willingness for regional economic cooperation, advocating for deeper market reforms and proactive multilateral and regional collaboration [5].

Core Viewpoint - The European high-end manufacturing industry, particularly luxury goods, is facing significant pressure due to U.S. tariff policies, leading to a decline in performance across various sectors [1][2]. Group 1: Impact on Luxury Goods - European luxury brands are experiencing a downturn, with LVMH reporting a revenue drop in its fashion and leather goods division from €299.2 billion to €276.1 billion, a decrease of approximately 8% year-on-year [2]. - Kering's revenue also fell by about 12% to €11 billion, with its flagship brand Gucci seeing a 22% decline in revenue [2]. - The high-end automotive sector is similarly affected, with Porsche's operating profit plummeting by approximately 99%, from €40.35 billion to €400 million [2]. Group 2: Swiss Watch Industry - The Swiss watch industry is under severe strain, with a 39% tariff imposed on Swiss watches leading to a 56% year-on-year drop in exports to the U.S. in September [3]. - Swatch Group, which includes brands like Omega, relies heavily on the U.S. market, which constitutes nearly 17% of its exports [3]. Group 3: Consumer Confidence in the U.S. - The U.S. market accounts for over 23% of global personal luxury goods sales, and the tariff pressures are causing European luxury brands to raise prices, which is dampening American consumer purchasing intent [4]. - Porsche and Swatch have announced price increases of 5% to 15% in the U.S. market, reflecting the industry's response to cost pressures [4]. - Experts indicate that consumer confidence is crucial for luxury spending, and uncertainty in the economic and policy environment is leading to a cautious approach among American consumers [4]. Group 4: Long-term Industry Uncertainty - While price increases may provide short-term relief, they pose long-term risks to brand image and consumer loyalty, potentially deterring younger customers [5]. - Some European luxury brands are exploring local production in the U.S. to avoid tariffs, but face challenges such as a lack of skilled labor and low production efficiency [5][6]. - Efforts to optimize supply chains to control costs are also costly and may jeopardize craftsmanship standards, contributing to significant uncertainty in the global high-end consumer market [6].

Core Viewpoint - The participation of multinational companies from developed economies in the China International Import Expo (CIIE) is driven by the desire to access China's vast market, its role as a manufacturing hub, and the potential for achieving economies of scale [1][2][3]. Group 1: Motivations for Participation in CIIE - Multinational companies value China's large and effective purchasing power market, being the second-largest importer globally after the U.S. [1] - China serves as a central hub for manufacturing, allowing foreign companies to sell intermediate and capital goods, which are then processed into final consumer products for global markets [1][2]. - The potential for achieving industry and enterprise scale economies in China is attractive, as it allows foreign firms to maximize average cost efficiency and gain monopoly profits [2]. Group 2: China's Trade Strategy - China aims to counter external pressures, such as U.S. supply chain reshaping, by signing more regional and multilateral free trade agreements, including RCEP and CPTPP [3]. - The implementation of unilateral visa-free policies for developed economies and the promotion of cross-border e-commerce are part of China's strategy to enhance trade facilitation [4]. Group 3: Unique Features of CIIE - The eighth CIIE introduced a special zone for products from underdeveloped economies, offering zero tariffs to help them access the market [5]. - The expo has expanded from a national to a provincial level, encouraging local government collaboration with foreign entities [5]. - Cross-border e-commerce is highlighted as a key feature, enabling small and medium enterprises to enter the Chinese market effectively [6]. Group 4: CIIE's Role Against Trade Protectionism - CIIE exemplifies China's commitment to multilateral free trade policies, promoting high-standard trade agreements to counteract protectionism [8]. - The expo facilitates the integration of domestic and international supply chains, particularly in key industries like photovoltaics and electric vehicles [8]. - Institutional reforms, such as visa facilitation and digital currency payment options, are seen as effective measures against trade protectionism [8]. Group 5: Integration into China's Ecosystem - For multinational companies, CIIE serves as a vital channel for integrating into China's economic ecosystem, especially for those familiar with the Chinese market since the 1980s [9]. - The expo provides opportunities for underdeveloped economies to find business prospects in China, thereby expanding China's economic ecosystem [9][10]. Group 6: CIIE's Broader Impact - CIIE acts as a connector between domestic and international markets, supporting the Belt and Road Initiative and fostering communication with underdeveloped economies [10]. - The expo's cross-border e-commerce platform addresses information asymmetry and reduces costs, allowing more small and medium enterprises to participate [10]. - By promoting multilateral trade and opposing protectionism, CIIE strengthens China's position in global trade dynamics [11].

Group 1: U.S.-EU Trade Relations - The U.S. trade policy is causing a fundamental shift in U.S.-EU trade relations, moving away from a rules-based system to a more aggressive stance [1][5] - The EU is facing a "perfect storm" in its steel and automotive industries due to U.S. tariffs of 50% on steel and 15% on automobiles, leading to significant pressure on these sectors [2][6][7] - The recent framework agreement between the U.S. and EU is viewed as a "risk mitigation" measure rather than a stable foundation for trade relations [5][12] Group 2: EU's Strategic Response - The EU is adopting a "diversification" strategy to reduce reliance on the U.S. by pursuing trade agreements with countries like Indonesia, Malaysia, Thailand, and India [2][10][11] - The EU aims to strengthen its internal market resilience while avoiding a protectionist path similar to the U.S. [2][11] - The EU is committed to compliance with WTO rules while addressing the challenges posed by U.S. unilateral actions [2][11] Group 3: Future Trade Disputes - The digital regulation area is anticipated to be a new focal point for trade disputes, with U.S. tech companies pressuring the government to counter EU digital rules [2][13] - Potential conflicts may also arise from EU climate legislation, particularly regarding environmental regulations [2][13] - The U.S. has threatened to initiate investigations under Section 301 against EU digital regulations, indicating a risk of escalating tensions [12][13] Group 4: WTO Reform and Leadership - The EU is called to take a leadership role in WTO reforms, focusing on key areas such as subsidy rules, economic security policies, and dispute resolution mechanisms [3][14] - Cooperation with like-minded countries and key players like China is essential for effective WTO reform, particularly in subsidy rule discussions [3][14] - The EU's strategy includes enhancing its free trade agreement network, aiming to solidify partnerships that adhere to a rules-based trade system [17]