Core Viewpoint - French President Macron reiterated that tariffs are not the correct solution to address trade imbalances [1] Group 1 - The statement emphasizes the ineffectiveness of tariffs in resolving trade issues [1]

Core Viewpoint - Thailand's Finance Minister has submitted a trade proposal to the United States to address trade imbalance issues [1] Group 1 - The trade proposal aims to resolve ongoing trade deficits between Thailand and the United States [1] - The initiative reflects Thailand's efforts to strengthen economic ties and enhance trade relations with the U.S. [1]

Core Viewpoint - US Treasury Secretary Yellen will attend the G7 finance leaders meeting to address trade imbalances and non-market economic behaviors [1] Group 1: Meeting Objectives - Yellen aims to refocus G7 discussions on resolving trade imbalances and addressing non-market economic practices [1] - Discussions will also include how to achieve more growth driven by the private sector [1] Group 2: Economic Strategy - Yellen emphasizes the need to "privatize" the US economy by reducing government spending and regulation, indicating a belief that the economy is overly reliant on the public sector for growth [1] - This approach reflects a shift towards encouraging private sector involvement in economic growth [1] Group 3: Previous Engagements - Yellen had initial face-to-face discussions with G7 finance leaders during the IMF and World Bank meetings in April, but no joint statement was issued [1]

Group 1 - The 2025 Tsinghua Wudaokou Global Financial Forum was held in Shenzhen, focusing on building an open and inclusive economic and financial system [1] Group 2 - Hu Xiaolian, former chairman of the Export-Import Bank of China, emphasized that the U.S.-led tariff policies are unlikely to achieve their intended goals, and the fundamental solution to trade imbalances requires adjustments in each country's economic structure [5] - The core objectives of the U.S. tariff policies include reducing trade deficits, increasing fiscal revenue, and restructuring the international economic order, but the actual return of manufacturing to the U.S. is uncertain and challenging [5] - Hu noted that the U.S. lacks competitiveness in general processing and labor-intensive industries, leading companies to prefer relocating to regions with lower tariffs and better cost structures, particularly in global South and emerging market countries [5] Group 3 - Hu further stated that the rebalancing of global trade will lead to profound adjustments in the internal economic structures of major economies, highlighting the need for countries to focus on domestic economic adjustments to effectively address trade imbalances [6] - Historical experience suggests that trade imbalances can only be effectively resolved when a country's internal economic structure develops in a more balanced manner [6]

Group 1 - Trump's recent statements reflect a "superior" attitude towards China and other countries, claiming he is "not just managing America, but the world" [1][3] - The U.S. Treasury Secretary echoed Trump's views, blaming China for the trade imbalance, stating that China's exports to the U.S. are five times greater than the reverse, and calling for China to ease tensions [3] - China's response highlighted that the trade war was initiated by the U.S., warning that there are no winners in a trade war and urging for dialogue based on equality and respect [3] Group 2 - The trade war has significantly impacted American farmers, with losses exceeding $20 billion due to reduced exports to China, as China diversifies its imports from other countries [5] - Trump's administration has faced increasing criticism from the public, including former supporters, with 52% of voters believing he has overstepped his authority [5] - The perception of Trump's governance as a threat to the system of checks and balances has led to growing dissent within the Republican Party [5] Group 3 - Trump's belief in "managing the world" is increasingly being rejected by the American public, with historical patterns suggesting that countries acting with hegemony will eventually decline [7]

Core Insights - The European Union is considering purchasing more American natural gas and agricultural products to address trade imbalances [1] - The proposal aims to reduce the overall trade deficit of the U.S. with the EU to approximately 50 billion euros, taking into account U.S. service exports to the EU [1]

据和讯网消息，据北京日报，外交部发言人主持例行记者会。有外媒记者提问，美国财长周三表示，中 国依赖出口发展经济的模式是不可持续的，并且对世界造成了影响。中方对此有何评论？发言人指出， 我们看到的事实是，美方滥施关税，严重破坏世贸组织规则，损害的是各国人民的共同利益。 贝森特的公开声明强调，中国依赖出口的经济模式不仅会损害中国自身，也会对全球造成负面影响。他 同时宣称美国并非孤军奋战，而是联合贸易伙伴共同迎战所谓的贸易失衡问题。尽管贝森特强调美国及 其盟友的合作，实际情况是美国投资者对政府政策的反复无常深感头疼。同时，贝森特所描述的关税战 背后的逻辑也存在显著争议。通过制造业回流来解决贸易失衡问题，看似合理，但实际上基于美国当前 的经济构成和制造成本并不具有竞争优势。 美国财政部长贝森特（资料图） 显然美国只关注到自身商品贸易逆差，而中国国务院新闻办公室发布《关于中美经贸关系若干问题的中 方立场》白皮书显示，2023年美国对华服务贸易顺差为265.7亿美元，维持顺差持续增长的趋势；2022 年美资企业在华销售额4905.2亿美元，远高于中资企业在美786.4亿美元的销售额，差额高达4118.8亿美 元，综合考虑 ...

智通财经4月23日电，韩国产业部部长表示，将与美国对口官员讨论贸易失衡问题。 ...

2025.04. 12 当地时间11日，WTO首席经济学家奥萨（Ralph Ossa）发表长篇文章对关税进行解释，并对关税同 通胀、汇率以及贸易失衡之间的关系一一作答。 "关税的核心很简单：提高进口商品的国内价格。但关税的影响会以复杂的方式波及整个经济——改 变价格、工资、汇率和贸易模式。当各国政府重新审视这一强有力的杠杆时，了解其中的经济机制就 显得尤为重要。"奥萨表示。 他表示，"在关税重回贸易政策议程之际，在经济学中，关税不仅仅是增加收入或保护国内产业的工 具，它还是一种政策杠杆，具有广泛的、往往是意想不到的后果。" 奥萨称，"它们在短期内的吸引力可能会掩盖其对通货膨胀、竞争力和国际合作造成的长期代价。在 贸易紧张局势日益加剧的今天，清醒地看待这些利弊得失比以往任何时候都更加重要。" 近期，世贸组织（WTO）发布声明称，最近（美方）一系列政策宣布将对全球贸易和经济增长前景 产生重大影响。WTO初步分析表明，"目前的措施，加上今年年初以来出台的措施，可能导致今年全 球商品贸易量整体萎缩约1%，较之前预测下调近四个百分点。" 本文字数：2267，阅读时长大约4分钟 导读 ：当前一个热门问题是关税是否会影响贸 ...

Group 1 - The core issue of the meeting between Modi and Trump was tariffs, with Modi concerned about potential trade actions from the Trump administration that could affect India [3][5] - Modi expressed his intention to deepen cooperation with the U.S. across multiple sectors during his visit [3][9] - Trump emphasized the need for a reciprocal trade relationship, highlighting India's high tariffs that hinder U.S. exports [5][7] Group 2 - Following the meeting, Trump noted that the U.S. trade deficit with India is close to $100 billion, and Modi agreed to initiate negotiations to address this imbalance [9][10] - The proposed solutions include increased U.S. exports of oil, natural gas, and liquefied natural gas to India, as well as enhanced military sales [10][12] - Modi aims to reach a bilateral trade target of $500 billion by 2030, indicating a significant increase in trade relations [12][14] Group 3 - The meeting resulted in Modi largely accommodating Trump's trade demands, raising questions about India's national interests versus U.S. interests [14][16] - The potential sale of F-35 fighter jets to India is still in the proposal stage, with formal negotiations yet to begin [16][18] - The acquisition of advanced military equipment like the F-35 may enhance India's perceived military strength but raises concerns about the lack of a robust domestic military-industrial base [20][21]