地址 ：北 京市 朝阳 区朝阳 门外 大街 甲 6 号万 通中 心 D 座 20 层 （100020） 资讯早间报 制作日期： 2025/07/01 隔夜夜盘市场走势 1. 国际油价全线下跌，美油主力合约收跌 0.84%，报 64.97 美元/桶；布伦特 原油主力合约跌 0.25%，报 66.63 美元/桶。 2. 国际贵金属期货收盘涨跌不一，COMEX 黄金期货涨 0.83%报 3315.00 美元/盎 司，COMEX 白银期货跌 0.11%报 36.33 美元/盎司。 3. 伦敦基本金属多数下跌，LME 期锌跌 1.37%报 2741.00 美元/吨，LME 期镍跌 0.79%报 15125.00 美元/吨，LME 期铜持平报 9878.00 美元/吨。 4. 芝加哥期货交易所（CBOT）农产品期货主力合约收盘多数下跌，大豆期货涨 0.27%报 1027.50 美分/蒲式耳，玉米期货跌 0.61%报 409.00 美分/蒲式耳，小 麦期货跌 0.60%报 537.50 美分/蒲式耳。 5. 国内期货主力合约有涨有跌。纯碱、玻璃跌超 2%，焦煤、烧碱跌近 2%，聚 氯乙烯（PVC）跌超 1%。涨幅方面，短纤 ...

Domestic News - The Ministry of Finance announced that foreign investors can offset 10% of the corresponding tax amount based on the investment amount when directly investing in qualified profit distributions [3] - The National Bureau of Statistics reported that the manufacturing PMI for June was 49.7%, an increase of 0.2 percentage points from the previous month [6] International News - Goldman Sachs has brought forward its prediction for a Federal Reserve interest rate cut to September [8] - The U.S. Treasury Secretary indicated that legislation on stablecoins may be completed by mid-July [8] - The European Union will extend sanctions against Russia for another six months until January 31, 2026 [8] - The Chicago Business Activity Index for June fell to its lowest level since January, while the Dallas Fed Business Activity Index has contracted for the fifth consecutive month [9] - The White House announced that President Trump will meet with his trade team this week to determine national tariff rates [10]

Core Points - The UK government has announced that British car manufacturers can now export cars to the US at a 10% tariff rate [1] - The 10% tariffs on aircraft engines and aviation parts have been eliminated, with a commitment to maintain tariffs at 0% [1]

7月9日"关税大限"将至，特朗普可能亲手终结谈判窗口？ 当地时周日，特朗普在接受媒体采访时表示，无需延长即将到期的关税期限，将在未来几天内向包括日 本在内的数百个国家发送信函，单方面告知各国对美出口商品的关税税率，而非继续进行贸易谈判。 特朗普以"亲爱的日本先生"为开头的信函为例，说明美国将如何通知贸易伙伴新的关税安排，并称美国 将对日本汽车征收25%的关税。 他强调，信件将会很快发出，并表示"我们不需要开会，我们了解情况，我们掌握所有数据"。 此前，特朗普曾在5月16日和6月11日做出类似承诺，表示将在2-3周内发送单边关税信函，但均未兑 现。 与此同时，本周的美日贸易谈判已陷入停滞。日本首席关税谈判代表赤泽良生本周在华盛顿的第七轮部 长级谈判未能取得突破，甚至未能与美国财政部长贝森特会面。 美国转向单边关税策略 特朗普此番表态意味着，美国政府正准备放弃通过谈判解决贸易争端的做法。 此外，日本首相石破茂与特朗普早前在加拿大的会晤也未达成协议，谈判陷入僵局。特朗普则进一步建 议，日本可通过购买美国石油等商品来减少贸易逆差，但未给出具体让步空间。 风险提示及免责条款 "我宁愿只是给他们发一封信，一封非常公平的信 ...

Group 1 - The S&P 500 index has risen 20% since the low in April following the announcement of new tariffs by President Trump [1] - The Nasdaq index increased by 28% and the Dow Jones Industrial Average rose by 12% during the same period [1] - Despite recent geopolitical tensions and trade issues, the S&P 500 index has maintained a positive trajectory, increasing over 5% in the past month [2] Group 2 - Analysts suggest that investor concerns over economic policy have shifted towards cautious optimism regarding tariff reductions and sustained economic growth [2] - Recent tariff reductions and positive economic data have contributed to a more favorable market outlook, with Wall Street firms softening their recession predictions [4] - The latest inflation data indicates a slight acceleration in price increases, yet inflation remains near its lowest level since 2021 [5] Group 3 - Market analysts believe that geopolitical events have a limited long-term impact on stock prices, as evidenced by the market's recovery following short-term reactions [5] - There is growing optimism regarding potential interest rate cuts from the Federal Reserve, with expectations of a 25 basis point cut this year and next [5] - Analysts predict that the S&P 500 index could rise from its current level of 6,090 points to 6,500 points, representing a 6% increase [8]

Core Viewpoint - Since 2025, the U.S. government's unilateral tariff policies have impacted global trade order, yet Chinese foreign trade continues to progress steadily in a complex environment. The recent U.S.-China Geneva trade talks have opened a 90-day "foreign trade window" for companies to adapt and innovate [1]. Group 1: Impact of Tariffs on Trade - The company experienced significant inventory issues due to U.S. tariffs, with many products, including refrigerators, being stuck in warehouses. However, the recent trade window has allowed for the reshipment of these goods [1][3]. - From 2021 to 2024, the company's average annual export to the U.S. reached 600 million RMB, accounting for 50% of its total exports. Following the new round of tariff adjustments, U.S. clients quickly resumed orders [5]. - The logistics sector is adapting to the challenges posed by rising shipping costs, with U.S. buyers willing to pay double the transportation costs to expedite shipments [5][9]. Group 2: Innovation and Adaptation - The company has leveraged innovation as a key strategy to overcome challenges, exemplified by the development of the world's first countertop ice ball machine, which took years of research to perfect [7]. - Some companies have proactively managed tariff risks by preparing contracts that account for potential tariff increases, allowing them to maintain steady exports even during high tariff periods [15][20]. - The company has successfully maintained long-term relationships with U.S. clients, ensuring consistent growth despite tariff fluctuations [16]. Group 3: Market Expansion and New Products - Companies are exploring new markets and product lines, such as the "starry sky room," which features innovative design and materials, targeting international customers [25][32]. - The company has increased production capacity to fulfill new orders from Middle Eastern clients, demonstrating adaptability in product offerings [29]. - The use of advanced materials in new products has positioned the company to meet international standards and consumer preferences, enhancing market competitiveness [32].

今起加征。 据央视新闻此前报道，美国商务部宣布将自6月23日起对多种钢制家用电器加征关税，包括洗碗机、洗衣机和 冰箱等"钢铁衍生产品"。 据美国商务部工业与安全局（BIS）发布的通知，此次关税调整将八大类家用电器及相关产品新增为"钢铁衍生 产品"，统一适用50%的税率。征税金额将根据各类产品中所含钢铁组件的价值进行核算。 八类家用电器及相关产品，具体包括组合式冰箱、冷冻柜；小型和大型干衣机；洗衣机；洗碗机；卧式和立式 冷冻柜；烹饪炉、灶具和烤箱；食物垃圾处理器；焊接金属架等。 新规适用于美国东部时间2025年6月23日凌晨00:01或之后入境或从仓库提取的商品。不过，该政策也设定了例 外条款，如果产品使用的是在美国本土熔铸的钢铁原料，即便在海外完成加工，也可以享受免税待遇。 此次是美国总统特朗普政府自3月抬高进口钢铝关税以来的第二次扩展关税产品范围。 据了解，特朗普2月10日签署行政命令，宣布对所有进口至美国的钢铁和铝征收25%的关税。3月12日，特朗普 对所有进口至美国的钢铁和铝征收25%关税的举措正式生效。当地时间6月3日，美国白宫发表声明称，特朗普 宣布将进口钢铁和铝及其衍生制品的关税从25%提高至50 ...

新规适用于美国东部时间2025年6月23日凌晨00:01或之后入境或从仓库提取的商品。不过，该政策也设 定了例外条款，如果产品使用的是在美国本土熔铸的钢铁原料，即便在海外完成加工，也可以享受免税 待遇。 此次是美国总统特朗普政府自3月抬高进口钢铝关税以来的第二次扩展关税产品范围。 据了解，特朗普2月10日签署行政命令，宣布对所有进口至美国的钢铁和铝征收25%的关税。3月12日， 特朗普对所有进口至美国的钢铁和铝征收25%关税的举措正式生效。当地时间6月3日，美国白宫发表声 明称，特朗普宣布将进口钢铁和铝及其衍生制品的关税从25%提高至50%。 今起加征。 据央视新闻此前报道，美国商务部宣布将自6月23日起对多种钢制家用电器加征关税，包括洗碗机、洗 衣机和冰箱等"钢铁衍生产品"。 据美国商务部工业与安全局（BIS）发布的通知，此次关税调整将八大类家用电器及相关产品新增为"钢 铁衍生产品"，统一适用50%的税率。征税金额将根据各类产品中所含钢铁组件的价值进行核算。 八类家用电器及相关产品，具体包括组合式冰箱、冷冻柜；小型和大型干衣机；洗衣机；洗碗机；卧式 和立式冷冻柜；烹饪炉、灶具和烤箱；食物垃圾处理器；焊接金属 ...

今起加征。 据央视新闻此前报道，美国商务部宣布将自6月23日起对多种钢制家用电器加征关税，包括洗碗机、洗衣机和 冰箱等"钢铁衍生产品"。 据美国商务部工业与安全局（BIS）发布的通知，此次关税调整将八大类家用电器及相关产品新增为"钢铁衍生 产品"，统一适用50%的税率。征税金额将根据各类产品中所含钢铁组件的价值进行核算。 八类家用电器及相关产品，具体包括组合式冰箱、冷冻柜；小型和大型干衣机；洗衣机；洗碗机；卧式和立式 冷冻柜；烹饪炉、灶具和烤箱；食物垃圾处理器；焊接金属架等。 新规适用于美国东部时间2025年6月23日凌晨00:01或之后入境或从仓库提取的商品。不过，该政策也设定了 例外条款，如果产品使用的是在美国本土熔铸的钢铁原料，即便在海外完成加工，也可以享受免税待遇。 此次是美国总统特朗普政府自3月抬高进口钢铝关税以来的第二次扩展关税产品范围。 据了解，特朗普2月10日签署行政命令，宣布对所有进口至美国的钢铁和铝征收25%的关税。3月12日，特朗 普对所有进口至美国的钢铁和铝征收25%关税的举措正式生效。当地时间6月3日，美国白宫发表声明称，特 朗普宣布将进口钢铁和铝及其衍生制品的关税从25%提高至50 ...

The provided content does not contain any quantitative models or factors, nor does it include any related construction processes, formulas, evaluations, or backtesting results. The documents primarily focus on fund performance, asset flows, and market observations without delving into quantitative finance methodologies.