截至发稿前，白宫、印度方面暂无回应。 【环球网报道】美国《纽约时报》当地时间8月2日报道称，尽管美国总统特朗普威胁将对印度购买俄罗斯能源产品等行为实施"惩罚"，印度方面 表示，将继续从俄罗斯进口石油。 报道援引两名印度高级官员的话称，印度的政策并未发生变化。一名官员透露说，印度政府"没有向石油公司下达任何指示"，要求他们减少从俄 罗斯的进口。 报道提到，特朗普此前（7月30日）威胁称，作为新一轮关税措施的一部分，如果印度不停止进口俄罗斯石油，他将对印度施加惩罚性措施。随后 在8月1日，他又对记者表示，"据了解，印度将不再从俄罗斯购买石油"，但也补充称，"我不知道这是否属实"。 特朗普7月30日宣布，从8月1日起对印度输美商品征收25%的关税。特朗普发帖抱怨印度关税税率太高，非关税壁垒又比其他任何国家都要"繁重 和讨厌"，导致美印贸易多年来维持较小规模。特朗普还说，美国将针对印度购买俄罗斯武器和能源产品施加"惩罚"。 根据美国商务部数据显示，2024年，美国与印度的商品贸易金额大约为1288亿美元，印度对美贸易顺差为458亿美元。 ...

Core Viewpoint - The recent executive order signed by Trump to implement new tariffs starting August 7 has sparked opposition and concern from multiple countries, indicating potential trade tensions and economic repercussions globally [1]. Group 1: European Response - German Chancellor Merz stated that the current tariff agreement is "painful" for the entire European industry, emphasizing the EU's intention to negotiate with the U.S. to avoid a full-blown trade dispute, which would result in losses for all parties involved, particularly Europe [3]. - Swiss Federal President Keller-Zuthel expressed shock at the announced 39% tariff rate, highlighting that it undermines a trade agreement reached with the U.S. in early July. He warned that the new tariffs would adversely affect key Swiss industries, including manufacturing and watchmaking, and could harm the global economy through a chain reaction [3]. Group 2: South American and African Response - Brazilian Finance Minister Fernando Haddad noted that despite some key export products receiving tariff exemptions, many unreasonable tariff measures remain. Brazil plans to initiate trade negotiations with the U.S. and may resort to international legal actions if negotiations fail, aiming to protect national sovereignty and the economy [5]. - South African President Ramaphosa committed to diplomatic efforts to safeguard national interests, stating that South Africa will continue negotiations with the U.S. regarding the 30% tariff. The South African government is also developing support measures for businesses and employees affected by U.S. tariffs [5].

Market Overview - The US dollar index experienced a significant rise this week, attributed to trade agreements with the EU, better-than-expected GDP data, and a hawkish interpretation of Fed Chair Powell's press conference, leading to a reduction in interest rate cut expectations for the year [1] - As of Thursday, the dollar index had risen for six consecutive trading days, surpassing the 100 mark and reaching a new high since late May. However, Friday's weaker-than-expected non-farm payroll data caused the dollar to drop back below 99, falling over 100 points [1] - Spot gold faced pressure due to the strong dollar, with prices dropping below $3,270, marking the largest single-day decline in over a month. Following the non-farm data release, gold rebounded, rising $40 to above $3,340 per ounce [1] - Non-US currencies struggled against the strong dollar, with the British pound, Australian dollar, and euro all recording consecutive declines [1] - International oil prices are expected to rise for the first time in three weeks, driven by Trump's ultimatum regarding the Russia-Ukraine ceasefire and signs of easing global trade tensions [1] Investment Bank Insights - UBS suggests that the current strength of the dollar may be temporary. Deutsche Bank analysts indicate that if the Fed leans towards rate cuts in the short term, the dollar could decline [4] - Barclays believes the risk leans towards the Fed delaying rate cuts, while Societe Generale points out that four key upcoming data releases will reshape the Fed's rate cut expectations for September [4] - Goldman Sachs anticipates that the Fed may restart its easing cycle in the fall, while Jefferies notes that the Fed intends to cut rates but requires a slowdown in employment data to proceed [4] Economic Data Highlights - The US GDP for Q2 showed an annualized growth rate of 3%, rebounding significantly from 0.5% in Q1, primarily due to a 5 percentage point contribution from net exports [9] - However, consumer spending grew only 1.4%, the slowest since the pandemic, and business investment showed a marked slowdown [9] - The core and overall PCE price indices for June exceeded market expectations, driven by rising commodity prices, indicating that some import tariffs are being passed on to consumers [11] - The July non-farm payroll report showed an increase of only 73,000 jobs, the smallest gain since October of the previous year, with the unemployment rate rising to 4.2% [11] Trade and Tariff Developments - Trump announced new tariffs ranging from 10% to 41% on several countries, with specific rates based on trade balances with the US [13] - A trade agreement was reached between the US and the EU, with the EU agreeing to invest $600 billion in the US and purchase $750 billion in US energy products [14] - Following the agreement, France criticized the deal as unbalanced, while Germany viewed it as a means to avoid escalating trade wars [14] Corporate Developments - Bridgewater founder Ray Dalio has completed his exit from the company, with the Brunei sovereign wealth fund becoming a significant new shareholder [24] - Nvidia responded to concerns regarding security vulnerabilities in its chips, asserting that there are no backdoors or remote access capabilities in its products [21]

卡尼还批评特朗普政府提高关税的理由。白宫此前提到，提高关税的部分原因是加方在打击芬太尼从加拿大流 入美国问题上"不作为"。 【环球网报道】据美国有线电视新闻网（CNN）报道，美国总统特朗普当地时间7月31日签署行政令，将对加 拿大的关税税率从25%上调至35%。针对美政府这一决定，加拿大总理马克·卡尼当地时间8月1日表态，称加方 对此"感到失望"。 此前，加拿大商会总裁兼首席执行官坎达丝·莱恩当地时间7月31日抨击美国总统特朗普对加拿大加征关税的决 定，称其上调关税的理由"没有事实依据"。同日，特朗普接受美国全国广播公司（NBC）电话采访时表示，他 愿意与加拿大继续进行贸易谈判。 卡尼誓言，"加拿大将成为我们自己最好的客户"，"通过与加拿大工人一起建设，利用本国资源造福所有加拿 大人，我们可以赋予自己任何外国政府都无法夺走的东西。" ...

Report Summary 1. Industry Investment Rating - No industry investment rating is provided in the report. 2. Core View - The zinc market is continuing to accumulate inventory. The prices of both Shanghai zinc futures and LME zinc futures have declined, with the Shanghai zinc main - contract closing price at 22345 yuan/ton, down 1.43%, and the LME zinc 3M electronic - disk closing price at 2795.5 dollars/ton, down 0.68% [1]. 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - **Prices**: The Shanghai zinc main - contract closing price decreased by 1.43% to 22345 yuan/ton, and the LME zinc 3M electronic - disk closing price decreased by 0.68% to 2795.5 dollars/ton [1]. - **Trading Volume**: The trading volume of the Shanghai zinc main - contract increased by 41252 to 182660 lots, while the LME zinc trading volume decreased by 701 to 8740 lots [1]. - **Open Interest**: The open interest of the Shanghai zinc main - contract decreased by 5764 to 110481 lots, and the LME zinc open interest increased by 1164 to 189911 lots [1]. - **Premium and Discount**: The Shanghai 0 zinc premium increased by 10 to 0 yuan/ton, and the LME CASH - 3M premium increased by 1.23 to - 2.69 dollars/ton [1]. - **Inventory**: The Shanghai zinc futures inventory decreased by 174 to 15058 tons, and the LME zinc inventory decreased by 4250 to 104800 tons [1]. 3.2 News - The US is increasing pressure as the tariff deadline approaches, with multiple countries sending delegations to Washington for negotiations. Trump announced an agreement with South Korea and plans to sign a new executive order on Thursday to impose higher tariffs on countries that fail to reach trade agreements [2]. 3.3 Trend Intensity - The zinc trend intensity is - 1, indicating a relatively bearish outlook according to the defined range of [-2, 2] where - 2 is the most bearish and 2 is the most bullish [2][3].

Core Viewpoint - The article discusses the implications of the recent trade framework established between the U.S. and the EU, particularly focusing on the 15% tariff on certain products, including semiconductor equipment from companies like ASML, which could significantly impact U.S. chip manufacturers' costs [1][2]. Group 1: Trade Framework and Tariffs - The U.S. and EU have agreed on a trade framework that includes a 15% tariff on EU products entering the U.S., with specific exemptions for semiconductor equipment from companies like ASML [1]. - The trade agreement outlines zero tariffs on strategic products, including aircraft, specific chemicals, certain pharmaceuticals, semiconductor equipment, agricultural products, natural resources, and key raw materials [1]. Group 2: Impact on Semiconductor Equipment Costs - The average price of ASML's advanced immersion DUV ArF equipment is approximately $89.615 million, while the low-NA EUV equipment is priced around $265 million. A 15% tariff would increase these costs to approximately $103 million and $305 million, respectively [2]. - The depreciation of the dollar against the euro since early February has already made EU-produced semiconductor equipment more expensive for U.S. chip manufacturers, and the additional 15% tariff would exacerbate this cost increase [2]. Group 3: Effects on U.S. Chip Manufacturers - If the Trump administration imposes a 15% tariff on ASML's lithography, measurement, and inspection equipment, U.S. chip manufacturers would face increased costs of $13 million per DUV machine and up to $40 million per EUV machine [2]. - AMD's CEO has indicated that the cost of chips produced at TSMC's Arizona facility could increase by up to 20% compared to those produced in Taiwan, highlighting the financial strain on U.S. chip production [2].

欧盟官员称，美国将从8月1日起对欧盟葡萄酒和烈酒征收15%的关税，直到欧盟和美国就该行业达成协 议。 ...

特朗普称，不在乎印度对俄罗斯做什么。美国和印度的贸易很少，他们的关税太高，是世界上最高的。 同样，俄罗斯和美国几乎没有合作。 ...

特朗普：与印度的贸易很少，他们的关税太高，是世界上最高的关税之一。 ...

（原标题：盘中，直线大跳水！特朗普，突然宣布！） 韩国股市大幅震荡！ 7月31日早间，韩国股市剧烈波动，韩国综合指数一度涨超1%，不过盘中突然直线大跳水，抹去所有涨 幅并转跌。汽车股波动更大，起亚汽车、现代汽车从高点到低点，跳水幅度接近7%。美元兑韩元汇率 也大跌，盘中跌幅一度超过0.6%。 此前，美国总统特朗普称与韩国达成贸易协议，将对韩国征收15%关税。他还宣布，将从8月1日起对印 度输美商品征收25%的关税并实施其他"惩罚"。 另外，特朗普宣布，8月1日起对进口半成品铜等产品征收50%关税。上述消息公布后，在国际期货市场 上，纽约铜价一度暴跌逾18%，铜矿股集体大跌，自由港麦克莫兰跌近10%。 不过，国内期货市场反应平淡，截至发稿，沪铜期货主力合约下跌0.58%。7月31日，香港恒生指数开 盘跌0.77%，恒生科技指数跌0.58%。A股三大指数开盘涨跌不一，沪指跌0.3%，深证成指涨0.05%，创 业板指涨0.65%。有色金属板块多数下跌，北方铜业跌超3%，云南铜业跌超2%。 韩国股市盘中大跳水 7月31日早盘，韩国综合指数开盘涨0.7%，随后涨幅扩大至1%以上，现代汽车盘中一度涨超4%，起亚 汽车一度 ...