Group 1 - The EU is seeking to finalize a preliminary trade agreement with the US by July 9, aiming for a 10% tariff rate and laying the groundwork for a permanent agreement [1][3] - EU Commission President Ursula von der Leyen had a positive discussion with President Trump, increasing hopes for an agreement before the deadline [1][3] - The EU may make limited concessions on tariffs for aircraft, medical devices, and spirits, while still pursuing exemptions for key products [1][3] Group 2 - The EU is pushing for the US to provide quotas and exemptions to reduce the 25% tariffs on cars and parts, as well as the 50% tariffs on steel and aluminum, although these terms may not be included in the upcoming agreement [1][3] - There are internal divisions within the EU regarding whether to accept an "asymmetrical" agreement, with some members advocating for a quick deal to avoid uncertainty, while others prefer to enhance their negotiating position [3][4] Group 3 - The US has postponed the implementation of "reciprocal tariffs" until August 1, which could lead to a significant increase in tariffs on nearly all EU exports if no agreement is reached [4] - The EU has already approved tariffs on $21 billion worth of US goods in response to US metal tariffs and is preparing additional tariffs on $95 billion worth of US products [4][5] Group 4 - The trade relationship between the US and EU has been strained, with the US imposing higher tariffs since Trump's administration, impacting both economies negatively [5] - Research indicates that a 10% to 25% tariff increase on European imports could lead to a 0.3% decline in EU GDP and a 0.7% decline in US GDP [5]

Group 1 - The Japanese Minister of Economic Revitalization, Akizawa Ryozo, stated that efforts are being made to reach a comprehensive agreement covering a wide range of issues [1] - The focus of the agreement includes expanding trade, addressing non-tariff barriers, and enhancing cooperation on important economic security issues [1]

Group 1 - The EU is seeking to reach a preliminary trade agreement with the US this week to lock in a 10% tariff rate before the August 1 deadline while continuing negotiations for a permanent agreement [1] - The EU aims to exempt certain key products from the 10% tariff, including aircraft, aircraft parts, wine, and spirits, with some form of reduction expected as part of the preliminary agreement [1][4] - The US has announced a delay of the previously scheduled universal tariffs, originally set for July 9, until at least early August [1] Group 2 - The EU is urging the US to implement quotas and exemptions to effectively lower the 25% tariff on cars and car parts, as well as the 50% tariffs on steel and aluminum, although immediate breakthroughs on these tariffs are not anticipated [5] - Discussions are ongoing regarding a compensation mechanism that would allow companies producing cars in the US to export a certain number of tax-exempt vehicles [5] - Any preliminary agreement may be short-lived and non-binding, with both parties aiming to reach consensus on non-tariff barriers, digital trade, and economic security [5] Group 3 - There are divisions among EU member states regarding the acceptance of an imbalanced agreement, with some advocating for a swift deal while others prefer a stronger negotiating position [5] - The EU has approved tariffs on €21 billion ($24.6 billion) worth of US goods in response to US metal tariffs [6] - An additional list of tariffs targeting €95 billion worth of US goods is prepared by the EU in response to US tariffs on industrial products, including Boeing aircraft and American-made cars [6]

Core Insights - Bitcoin is currently up by 0.68%, with a price of $109,000 [1] - Thailand's Finance Minister Pichai Chunhavajira stated that Thailand is making a final attempt to avoid a 36% punitive export tariff imposed by the Trump administration [1] - Thailand plans to eliminate tariffs and non-tariff barriers on U.S. goods [1]

Group 1 - The US-EU trade negotiations have not made significant progress, with discussions expected to continue until the weekend [1] - The EU aims to reach a principle agreement with the US by July 9, and if not, seeks to extend the deadline for tariff increases [1][2] - The focus of the negotiations is on tariff exemptions for goods such as aircraft parts and spirits [1] Group 2 - Core demands between the US and EU are significantly divergent, with the EU willing to make concessions on purchasing US agricultural products, weapons, and LNG, while the US insists on addressing the trade deficit with demands on non-tariff barriers [2] - The US has imposed a 50% tariff on EU steel and aluminum products, a 25% tariff on automobiles, and a 10% baseline tariff on nearly all other goods [3] - The EU has postponed retaliatory tariffs on $210 billion worth of US imports until July 14, and is considering a second set of countermeasures initially estimated at €95 billion, now reduced to €72 billion [3] Group 3 - Goldman Sachs predicts that the most likely outcome of the US-EU trade negotiations will be a limited compromise [4]

Group 1 - The USD/JPY exchange rate increased by 0.93%, currently at 144.99, following the release of the U.S. non-farm payroll report, and has continued to fluctuate at high levels [1] - U.S. Deputy Treasury Secretary Faulkender highlighted that the issue with Japan pertains to "non-tariff barriers" [1]

Core Viewpoint - The U.S. Deputy Secretary of the Treasury stated that the issue with Japan pertains to non-tariff barriers [1] Group 1 - The U.S. is addressing concerns related to non-tariff barriers in trade with Japan [1]

Core Points - The EU is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many export goods, while seeking lower tax rates on key industries such as pharmaceuticals, alcohol, semiconductors, and commercial aircraft [1] - The EU is pushing for the US to provide quotas and exemptions to effectively reduce the 25% tariff on cars and auto parts, as well as the 50% tariff on steel and aluminum [1] - The EU must reach a trade arrangement with Trump by July 9, or face a potential increase in tariffs on nearly all exports to the US to 50% [1] - The EU and the US are increasingly optimistic about reaching a temporary agreement before the July 9 deadline, allowing negotiations to continue beyond the deadline [2] - The EU is seeking to address non-tariff barriers through a simplified agenda and has proposed exploring strategic procurement in areas like liquefied natural gas and artificial intelligence [2] - The EU estimates that US tariffs currently cover about 70% of its exports to the US, amounting to approximately €380 billion [3] - The EU has prepared countermeasures, including tariffs on €21 billion worth of US goods, in response to Trump's metal tariffs, targeting politically sensitive US states [4] - An additional tariff list targeting €95 billion worth of US products is also prepared, focusing on industrial goods such as Boeing aircraft and American-made cars [4] - The EU will assess any final results of the negotiations and decide on the acceptable level of asymmetry in the agreement [5]

韩国官员：贸易谈判主要涉及非关税壁垒，因为韩国对美国几乎实行零关税。 ...

Group 1 - The European Union is considering implementing a tariff quota system to alleviate trade pressures in specific industries, allowing for a tiered tariff policy based on export volume thresholds [2] - An example of this mechanism is the UK-US automotive trade agreement, which permits the first 100,000 exported vehicles to benefit from a 10% preferential tariff, while exceeding quantities revert to a 25% standard rate [2] - This system aims to create a tariff buffer for sensitive sectors such as automotive and steel, effectively reducing cross-border trade costs for companies [2] Group 2 - In ongoing transatlantic negotiations, the US has included digital regulations and environmental standards as non-tariff barriers in trade agreement discussions, raising concerns within the EU [2] - EU Commission President Ursula von der Leyen emphasized that core sovereign policy regulations should not be subject to external interference, while agreeing to maintain flexibility in technical standard coordination [2] - EU Trade Commissioner Matthias Jørgensen outlined the negotiation bottom line, stating that while the EU can optimize compliance processes to enhance trade facilitation, the existing regulatory framework is a non-negotiable "policy red line" [2] Group 3 - Current gold futures are trading around 768.98 yuan per gram, down 0.55%, with a high of 774.70 yuan and a low of 768.78 yuan [1] - The short-term trend for gold futures appears bearish, with support at 765 yuan per gram and resistance between 789-800 yuan per gram [1] - A breakout above 800 yuan could lead to an upward movement towards 820 yuan, while a drop below 770 yuan may test the 760 yuan support level [2]