以前美国大豆价格跟巴西差不多，甚至出油率高1到2个百分点，这在大规模压榨里很值钱，所以很多中国 企业更愿意买美豆。但关税加上去以后，美国豆价格立马没优势了。巴西豆便宜，自然就拿下了大部分订 单。中国买巴西豆不是为了跟美国过不去，而是因为成本差了好几百元一吨，这在加工企业的利润表里是 硬杠杠的数字。 我看到商务部的数据，今年1到4月，中国从美国采购了接近2000万吨大豆。1到9月采购巴西大豆大约8000 万吨。按照中国每年进口大豆1.2亿吨的常规规模，剩下也就两千万吨不到的"空间"。贸易是算账的，中国 企业不会为感情溢价去买贵货，除非美国自己调整价格。 你有没有发现，美国这些高官一张嘴能把黑的说成白的，而且还说得理直气壮。昨天晚上我看到美国财政 部长贝森特在CNBC的访谈里居然说，中国把美国大豆种植户当成了贸易谈判的人质。我第一反应就是， 这话怎么这么离谱。 人质的定义很简单，就是非法控制人，用生命健康自由做筹码去逼别人答应条件。美国农民在中国吗？不 在。有人限制他们的生命健康自由吗？没有。那这哪门子人质？这不是硬造一个情绪标签吗？目的特别明 显，就是要让美国国内怨气集中在"中国不买我们大豆"这件事上。 我查了 ...

美联储沃勒：关税将对价格水平产生一次性影响。 来源：滚动播报 ...

它预计2026年的经济增长率为4%至4.5%。 如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自路透社 。 马来西亚政府在一份报告中警告称，美国取消对马来西亚半导体出口的关税豁免可能会损害其竞争力并 使供应链网络紧张。 唐纳德·特朗普总统的政府在8月对马来西亚出口到美国的产品征收了19%的关税，不过包括半导体在内 的一些项目目前暂时获得豁免，以等待美国进行国家安全调查。 同样在8月，特朗普提议对进口芯片征收100%的关税，尽管他表示该关税不适用于在美国拥有制造业务 或计划建立制造业务的公司。 马来西亚政府在其随2026年预算发布的经济展望报告中表示，任何取消半导体豁免的行为"可能导致反 弹、降低竞争力，并使与美国供应链紧密整合的部门紧张"。马来西亚是全球第六大半导体出口国。 报告称，由于美国的关税，马来西亚已预期其经济将受到冲击，预计国内生产总值（GDP）增长将因此 降低0.76个百分点。 报告还称，马来西亚预计明年的进口和出口将因部分关税因素而萎缩。 马来西亚在7月已将2025年的增长预测下调至4%至4.8%之间，低于其最初估计的4.5%至5.5%，理由是 贸易和关税的不确定性。 参考链接 http ...

Core Insights - The overall sentiment regarding tariffs in Europe is one of cautious optimism, with limited immediate impact on inflation and economic growth [1][3][9] - The European Central Bank (ECB) has maintained a calm stance, indicating that the situation is being monitored but does not require immediate action [6][10] Economic Impact - Eurozone inflation is reported at 1.9%, which is lower than expected and still away from policy alert levels [3] - There is a perception that the trade situation in Europe has not been significantly disrupted, with mixed reactions from various sectors [5][9] Market Reactions - The market response to the tariff situation has been surprisingly subdued, with no major policy changes from the ECB, reflecting a sense of stability [6][10] - There is an underlying tension in the market, with concerns about potential future developments that could arise unexpectedly [9][10] Trade Relations - The EU is actively seeking to diversify its trade relationships, reaching out to countries like Indonesia to reduce dependence on the US market [1] - There are concerns that other countries may increase exports to Europe to avoid US tariffs, potentially affecting local inflation and supply chains [7][9]

Core Viewpoint - The Federal Reserve should exercise caution in further interest rate cuts to allow more time to assess economic data and the balance of inflation and labor market risks [1][2] Group 1: Inflation and Economic Outlook - Current inflation still faces upward pressure, while the labor market shows signs of weakness, creating a "dilemma" for monetary policy [1] - The core Personal Consumption Expenditures (PCE) price index is projected to rise above 3% by year-end, with overall inflation potentially not returning to the 2% target until the end of 2027 [1] - The recent announcement of new tariffs by the Trump administration may exacerbate inflationary pressures, complicating the return to target inflation levels [2] Group 2: Consumer Behavior and Labor Market - Consumer spending remains strong, but new tariffs on trucks could increase inflation pressure [2] - The softening labor market may help alleviate upward price pressures, but the lack of official data due to the government shutdown makes it difficult to assess the actual extent of demand slowdown [2] - Economic growth may face further pressure in the coming months due to slowing output growth and factors like tariffs and labor supply [2]

美联储会议纪要提到，关于通胀前景，与会者普遍预计，在适当货币政策下，短期内通胀将保持在较高 水平，随后逐步回落至2%。一些与会者指出，企业联系人表示，由于关税导致投入成本上升，他们将 逐步提高价格。尽管今年关税上调对通胀的影响仍存在不确定性，但大多数与会者预计这些影响将在明 年底前完全显现。一些与会者认为，劳动力市场预计不会成为通胀压力的来源。 ...

Group 1 - Discussion among Federal Reserve officials regarding the extent of interest rate cuts [1] - Examination of the economic situation, particularly focusing on employment and inflation issues [1] - Deliberation on tariffs and fiscal policy [1]

Group 1 - The core viewpoint of the article is that the U.S. and Canada are making significant progress towards a trade agreement, although specific timelines and negotiation paths remain unclear [1][2] - Canadian Prime Minister Carney emphasized that Canada is the largest source of foreign investment in the U.S. and projected that investments could increase to $1 trillion over the next five years if a favorable agreement is reached [2] - The trade relationship between the U.S. and Canada is currently valued at $900 billion, with ongoing tensions due to tariffs imposed by the U.S. on Canadian steel, aluminum, and automotive products [1][2] Group 2 - The U.S. has raised tariffs on goods not meeting USMCA standards from 25% to 35%, contributing to a decline in Canadian manufacturing investment and economic contraction in the second quarter [2] - Discussions also included the review mechanism for the USMCA set for 2026, with Trump indicating a willingness to renegotiate the trilateral agreement or pursue bilateral trade agreements that favor the U.S. [2] - Carney's recent visit to Mexico aimed to strengthen trilateral cooperation, particularly in critical mineral resources, highlighting the importance of a robust North American supply chain [2]

Core Points - The meeting between U.S. President Trump and Canadian Prime Minister Carney focused on trade and the Gaza issue, with Trump expressing optimism about potential peace in the Middle East [1] - Trump announced collaboration between the U.S. and Canada on the "Iron Dome" missile defense program [1] - Trump indicated that the U.S. would impose tariffs on Canada, suggesting that Canada would be agreeable to this arrangement, and emphasized that the U.S. would treat Canada fairly [1]

Core Viewpoint - President Trump announced a 25% tariff on medium and heavy-duty truck imports starting November 1st, citing national security as the rationale for these levies [1]. Group 1: Tariff Announcement - The new tariffs will apply to all medium and heavy-duty trucks entering the US [1]. - The implementation date for the tariffs is set for November 1st [1]. Group 2: Industry Response - President Trump previously stated that the tariffs aim to protect US manufacturers from unfair competition [2]. - The US Chamber of Commerce has urged the Commerce Department to refrain from implementing the new tariffs, arguing that the top five importers, including Mexico, Canada, and Japan, are partners rather than threats to national security [2].