保时捷首席财务官表示，美国关税可能导致涨价。 ...

证券研究报告 赛轮轮胎 (601058 CH) 24 年净利增长，全球竞争力持续提升 | | | 公司发布 24 年年报与 25 年一季报，全年实现营收 318 亿元，yoy+22%， 归母净利 41 亿元（扣非后 40 亿元），yoy+31%（扣非后 yoy+27%）；Q4 营收 82 亿元，同环比+17%/-4%，归母净利 8 亿元，同环比-23%/-25%。 25Q1 公司实现营收 84 亿元，同环比+15%/+3%；实现归母净利润 10 亿元， 同环比+0.5%/+27%，公司 25Q1 净利略低于我们前瞻预期（11 亿元），主 要是受原材料成本高位影响。2024 年公司股利支付率 31%， 25 年计划实 施中期分红；公司实控人及一致行动人计划增持公司股份 5-10 亿元。考虑 美国加征关税，短期公司业绩或受一定影响，下调盈利预测；但长期伴随公 司增量产能投放，以及全球同等加税下，公司有望凭借性价比优势提升在美 份额，公司全球竞争力有望持续增强。维持"买入"评级。 24 年产销再创新高，业绩稳健增长 2024 年伴随公司新增产能放量、海外市场需求恢复、以及国内市场持续开 拓，全年轮胎产销再创新高。2 ...

财料 特朗普上任百日回顾，美国的"黄金时代"走到哪一步了？ 第二任期的第一个100天 "黄金时代" 特朗普承诺的 元音 > 金十数据 2025-04-29制图 支持率 390% 打破了8年前由他自己创造的 总统支持率最低纪录 盖洛普民调数据显示,截至4月22日,特朗普支持率 已降至39%,同期支持率创80年新低,甚至低于 2017年其第一任期(42%) 700 e Do 挂豪 50% 特朗普 1.0 40% 特朗普 2.0 30% 上任100天 上任1天 主要政策行动 关税 对等关税 4月初所谓"解放日"当天,美国对全球几乎所有 地区的进口商品加征关税,部分主要来源地加征 更高税率 市场巨震 全球金融市场因关税暴跌,遭遇"黑色星期一" 总统称王》? 官方发图称"国王万岁" 2025年2月19日,白宫官方账号在社 交平台发布特朗普戴皇冠的图片并配 文"拥堵收费已死。曼哈顿和整个纽约 得救了。国王万岁!" 此举引发巨大争议,纽约州州长"不接 行政令 137项 比前面三位"前任" 加起来还多 截至4月24日,特朗普已签署了137项行政令 是前任拜登同时期签署的3倍还多 T DOGE裁员 由特斯拉CEO马斯克牵头的政 ...

Group 1 - The demand for safe-haven assets like the Japanese yen has increased due to investor concerns about the global economic outlook, prompting a reassessment of major currency trends [1][2] - Between April 15 and 22, speculative net short positions in the US dollar significantly increased among G10 currencies, influenced by uncertainties surrounding Federal Reserve policies and tariff issues, leading to a 1.72% decline in the dollar index during this period [1] - The euro appreciated by 1.21% against the dollar during the same period, although speculative positions decreased by 4.3 thousand contracts, indicating a reduction in market confidence for further euro appreciation in the short term [1] Group 2 - The Japanese yen experienced a 1.08% decline against the dollar, but speculative positions increased by 6 thousand contracts, reaching a historical high of 188.1 thousand contracts, reflecting its status as a safe-haven asset amid escalating global trade tensions [1] - The British pound rose by 0.75% against the dollar, with speculative positions increasing by 14 thousand contracts, suggesting a cautiously optimistic market outlook for the pound's future performance [1] - The Canadian dollar fell by 1.04% against the dollar, while speculative positions increased by 17 thousand contracts, indicating a market expectation of a short-term rebound in the dollar [2]

金十数据4月28日讯，就美国关税政策对公司2025年的业绩会影响有多大的问题，英维克4月25日在业绩 说明会上表示，关税政策不断在变动，公司在密切跟踪情况，对影响尚未能做出准确的评估，由于公司 2024年海外收入占比14.38%，故影响不会很大。 （证券时报） 英维克：美国关税政策对公司业绩影响不会很大 ...

Core Viewpoint - The U.S. tariff policy is undermining the influence and dominance of the dollar, potentially leading to a "dollar crisis" [1] Group 1: Economic Impact - The current U.S. government has adopted a strategy of significantly increasing tariffs, which is viewed as self-destructive [1] - Economists generally agree that this approach is detrimental, effectively taxing consumers and risking an economic recession [1] Group 2: Investor Sentiment - There is growing concern among investors regarding their assets, as evidenced by recent declines in the stock market, rising bond yields, falling bond prices, and a depreciating dollar [1] - The tariff policy is eroding investor confidence in the dollar, which could lead to a long-term withdrawal of investments from U.S. assets [1] Group 3: Future Risks - A potential severe dollar crisis looms if the trend of investor withdrawal continues, which is described as a high-risk situation with catastrophic implications [1] - The imposition of tariffs is characterized as an incorrect remedy for addressing U.S. economic issues [1]

21世纪经济报道记者胡慧茵 广州报道 亚太股市持续回暖，上周股指全线收涨。 东南亚股市方面，印尼股市领涨。印尼雅加达综合指数（JKSE）周涨3.74%或240.65点，报6678.92点； 新加坡海峡指数周涨2.78%，报3823.78点；马来西亚吉隆坡综合指数周涨0.65%，报1509.2点；菲律宾 马尼拉指数周涨2.19%，报6268.75点；泰国SET指数周涨0.7%，报1159点；越南胡志明指数周涨 0.83%，报1229.23点。 尽管亚太股恢复升势，但有不少分析认为，亚太股市仍面临高波动性。 安邦智库研究员杨希特向21世纪经济报道记者表示，上周东南亚股市回升主要受美国关税政策缓和预 期、美元指数回落缓解资本外流压力，以及区域刺激措施影响，包括印尼资源加工升级、泰国就业政策 等。后续亚太股走势将受制于美国贸易政策反复的风险，以及美联储降息节奏，预计股市仍会维持高波 动状态，若贸易谈判向好则可能延续反弹。 印尼股市摆脱低迷 上周，亚太股全线收涨。 谈及亚太股近期走势，中国银行研究院主管王有鑫向21世纪经济报道记者表示，除了受到政策面缓和的 影响，近期美元指数快速回调，以及技术性反弹需求都推升亚太股市。 ...

Core Viewpoint - The article argues that Trump's tariff strategy is unlikely to resolve the underlying issues of trade deficits and the decline of American manufacturing, which are rooted in structural problems related to the dollar's status as the global reserve currency [1][11]. Group 1: Trade Deficits - Trump's perception of trade deficits as a loss is criticized as a flawed logic, equating it to a one-sided transaction [1][3]. - The trade deficit is primarily driven by the dollar's unique position as the global reserve currency, leading to high demand and appreciation of the dollar, which in turn raises production costs in the U.S. [3][6]. - The U.S. has a long-standing reliance on imports due to high domestic production costs, resulting in a growing trade deficit [8][11]. Group 2: Manufacturing Challenges - The high cost of labor in the U.S. due to the dollar's strength makes domestic manufacturing less competitive compared to imports [3][8]. - Trump's strategy to bring manufacturing back to the U.S. through tariffs is deemed impractical, as it does not address the fundamental cost issues associated with U.S. production [9][10]. Group 3: National Debt Concerns - The U.S. national debt has reached $34.5 trillion, with annual interest payments projected to exceed $1 trillion, highlighting a significant fiscal challenge [16][18]. - The increasing reliance on short-term debt due to high interest rates poses additional risks, with a substantial amount of debt maturing soon [19][20]. Group 4: Tariff Implications - While tariffs could generate significant revenue (estimated at over $800 billion from a 20% tariff on $4.11 trillion in imports), they do not fundamentally resolve the underlying economic issues [23][24]. - The tariffs may serve as a negotiating tool to encourage other countries to lower their tariffs on U.S. products, potentially alleviating some trade imbalances [26][32]. Group 5: Global Economic Dynamics - The article suggests that Trump's tariffs are partly aimed at forcing countries to choose sides in the global economic landscape, particularly against China, which has become a significant competitor in manufacturing [34][38]. - The potential for increased prices and inflation in the U.S. due to tariffs could undermine the country's global credibility and economic stability [39]. Group 6: Future Outlook - The article concludes that regardless of the effectiveness of Trump's policies, the U.S. may face a period of economic hardship, necessitating resilience and adaptability from both the U.S. and its trading partners [40][41].

美国对多国频繁挥舞关税"大棒"，多个全球南方国家政要和专家表示，美保护主义政策对发展中国家经 济尤为不利，全球南方应加强合作，共同应对。 孟加拉国中央银行董事会成员蒂图米尔称，美方政策是在开历史倒车，将对全球贸易体系造成严重负面 影响，发展中国家应加强合作，团结应对挑战。坦桑尼亚达累斯萨拉姆大学学者莫希指出，美国贸易保 护主义政策正冲击全球经济平衡，加强南南合作将有助于新兴经济体缓解这一冲击。《区域全面经济伙 伴关系协定》、东盟合作、金砖国家等多边机制，正不断拓展国际贸易网络，为南方国家合作开辟了新 空间。（央视新闻） ...

日本首相石破茂表示，已决定了应对美国关税的一揽子措施；指示内阁官员尽全力帮助受影响的中小企 业。 ...