Core Viewpoint - The increase of tariffs on imported steel and aluminum from 25% to 50% is expected to significantly raise costs for various industries in the U.S., leading to higher prices for consumers and potential job losses in sectors reliant on these materials [4][10][25]. Group 1: Impact on Industries - The steel cable industry, represented by companies like Walz's, faces severe challenges due to increased raw material costs and competition from foreign products [1]. - The manufacturing sector, particularly metal manufacturing, is projected to incur an additional cost of $22.4 billion for imported steel and aluminum, with derivative product costs rising by $29 billion [7]. - The construction industry anticipates an increase in average new home costs by over $10,000 due to the tariffs, exacerbating existing pressures from high housing prices and mortgage rates [16][18]. Group 2: Consumer Impact - The tariffs are expected to raise prices across a wide range of consumer goods, including automobiles, household appliances, and canned foods, disproportionately affecting low-income households [10][14]. - The cost of essential items, such as canned foods and housing, is likely to rise significantly, impacting affordability for ordinary families [14][16]. Group 3: Employment Effects - The tariffs may lead to a net loss of jobs, with estimates suggesting that while the steel industry could gain around 1,000 jobs, other sectors like manufacturing and construction could lose approximately 75,000 jobs [25][29]. - The overall economic outlook is pessimistic, with recent data showing a slowdown in job creation, indicating that the tariffs may be counterproductive to the goal of protecting American jobs [22][25].

Group 1 - France's trade balance recorded a deficit of €7.968 billion in April, marking the largest deficit since September 2024 [1] - The industrial output in France for April showed a month-on-month decline of 1.4%, representing the largest decrease since May 2024 [1]

法国4月 贸易逆差79.68亿欧元，前值由逆差62.48亿欧元修正为逆差62.72亿欧元。 ...

美国《纽约时报》指出，4月进口额较3月下降16.3%，很大程度上反映了这样一个事实：美国进口商在 特朗普年初加关税的威胁下，大量进口商品到美国。随着4月初特朗普正式宣布对美国所有贸易伙伴国 加征关税，进口开始枯竭并扭转经济数据。 【文/观察者网 王一】美国总统特朗普关税政策造成的冲击已经开始显现，4月美国进口额、商品和服 务贸易逆差齐下降，创下这两个数据有记录以来最大的月度降幅。 当地时间6月5日，美国商务部公布的数据显示，4月美国进口额环比下降16.3%至3510亿美元。受此影 响，商品和服务贸易逆差也降至616亿美元，为2023年9月以来的最低水平。美国商务部表示，这是有记 录以来进口额和贸易逆差的最大月度降幅。 具体来看，4月美国商品和服务进口环比下降16.3%，至3510亿美元，为历史最大降幅。由于药品进口 额下降了260亿美元，整体消费品进口下降32%至699亿美元。工业用品和材料、汽车零部件的进口也急 剧下降。 美国从大部分主要贸易伙伴国进口的商品均有所减少。美国4月从欧盟的进口额下降了超290亿美元，从 加拿大、墨西哥的进口额均分别下降了60多亿美元，从中国的进口额也下降了40亿美元。美国商务部 ...

Group 1: Market Performance - Chinese assets experienced a significant surge, with the Nasdaq Golden Dragon China Index rising over 1.4% and leveraged ETFs gaining more than 3% [1][3] - Major Chinese concept stocks saw substantial increases, including Kingsoft Cloud up over 9% and Alibaba, NetEase, and Baidu rising over 1% [3] Group 2: U.S. Trade Data - The U.S. trade deficit in April recorded a historic decline of 55.5%, reaching $61.6 billion, the lowest level in 2023 [3][4] - Exports amounted to $289.37 billion, a 3% month-over-month increase, while imports fell sharply by 16.3% to $350.99 billion, marking the largest decline on record [4][6] Group 3: Employment Market Signals - Initial jobless claims in the U.S. rose to 247,000, the highest level since October 2022, indicating a cooling labor market [9][10] - The ADP report showed that private sector job growth slowed to just 37,000 in May, the lowest increase in over two years, suggesting a weakening employment landscape [13]

Group 1 - Canada's trade deficit with the world surged from 2.3 billion CAD in March to approximately 7.1 billion CAD in April, marking the largest deficit on record [1] - Total goods and services trade deficit reached about 7.5 billion CAD in April [1] - Canadian goods exports fell to approximately 60.4 billion CAD in April, representing a 10.8% month-over-month decline, the largest drop in five years [1] Group 2 - Major declines in goods exports were observed in motor vehicles and parts, consumer goods, and energy products, with motor vehicle exports decreasing by 17.4% and passenger car and light truck exports dropping by 22.9% [1] - Consumer goods exports fell by 15.4% to 7 billion CAD, the lowest level since December 2023 [1] - Energy product exports have declined for the third consecutive month due to decreased demand amid economic uncertainty [1] Group 3 - In April, Canada's total goods imports decreased by 3.5% to approximately 67.6 billion CAD, with significant declines in motor vehicles and parts, industrial machinery, and consumer goods [1] - However, imports of unrefined gold, silver, and platinum group metals saw a substantial increase [1] Group 4 - Exports to the U.S. decreased by 15.7% in April, marking the third consecutive month of decline, while imports from the U.S. also fell by 10.8% [2] - The trade surplus with the U.S. narrowed to 3.6 billion CAD, the smallest surplus since December 2020 [2] - Exports to countries outside the U.S. increased by 2.9%, with the largest growth seen in exports to China, the UK, Algeria, and Brazil [2] Group 5 - Imports from countries outside the U.S. rose by 8.3% to a record 29 billion CAD, with total goods trade with non-U.S. countries reaching 47.3 billion CAD, also a monthly historical high [2] - The international services trade deficit narrowed from 500 million CAD in March to approximately 300 million CAD in April, with both service imports and exports declining slightly [2]

Domestic News - The Ministry of Commerce responded to new restrictions imposed by the U.S. on China, stating that if the U.S. continues to harm China's interests, China will take strong measures to protect its legitimate rights and interests [2] International News - The U.S. has shown flexibility in reducing additional reciprocal tariffs on Japan, while negotiations between the U.S. and India may lead to a temporary agreement on tariff reductions and market access [3] - Spot silver has surpassed $36 per ounce for the first time since February 2012 [3] - The U.S. trade deficit has sharply decreased by 55.5% to $61.6 billion due to a significant drop in imports caused by Trump's tariffs [3] - The European Central Bank's interest rate statement maintains its current stance on future rate paths, with Lagarde suggesting the end of the rate-cutting cycle; the market no longer fully prices in a 25 basis point cut within the year [3]

金十数据6月5日讯，加拿大统计局数据显示，由于美国实施的关税抽走了对加拿大商品的需求，加拿大 4月份的贸易逆差扩大至创纪录的71亿加元（52亿美元）。尽管加拿大对世界其他地区的出口有所增 长，但未能弥补对美国的出口下降。加拿大对美出口下降了15.7%，这是连续第三个月下降。自1月见 顶以来，加拿大对美国的出口已下降超过26%。加拿大统计局表示，4月份的出口总额暴跌10.8%，降至 604亿加元，这是近两年来的最低水平，也是连续第三个月下降，降幅为五年来的最大一次。除了对美 出口下降，较低的原油价格和走强的加元也是加拿大贸易逆差扩大的因素。 关税重创出口，加拿大4月贸易逆差扩大至历史新高 ...

Core Insights - In April, the U.S. trade deficit saw its largest recorded decline, primarily due to a historic drop in imports, indicating a halt in the "export rush" by some U.S. companies [1] Group 1: Trade Deficit Overview - The trade deficit for goods and services narrowed significantly by 55.5% in April, reaching $61.6 billion, marking a new low for 2023 and reversing the sharp expansion trend observed in the first quarter [1] - The median forecast for the trade deficit was $66 billion, while the previous month's deficit was $140.5 billion [1] Group 2: Import and Export Dynamics - In April, imports of goods and services fell by a record 16.3%, while exports increased by 3% [2] - The sharp decline in consumer goods imports amounted to $33 billion, largely driven by a significant drop in pharmaceutical imports [3] Group 3: Trade Deficit with Specific Countries - The trade deficit with Ireland, a major source of pharmaceuticals, narrowed significantly from $29.3 billion to $9.5 billion after seasonal adjustments [3] - The trade deficit with China decreased to $19.7 billion, the lowest level since March 2020 [3] - Deficits with Canada and Mexico also saw reductions, although Canada experienced a record expansion in its trade deficit due to a significant drop in exports [4] Group 4: Economic Implications - After adjusting for inflation, the total U.S. goods trade deficit in April narrowed to $85.6 billion, the lowest level since the end of 2023 [6] - Analysts suggest that the sharp reduction in the trade deficit in April indicates that trade may contribute significantly to U.S. GDP in the second quarter, contrasting with its role in the 0.2% annualized decline in GDP in the first quarter [6]

金十数据6月5日讯，据外媒报道，美国4月份的贸易逆差创下历史最大降幅，主要原因是进口大幅减 少，这表明一些公司在高额关税实施前提前大量囤积商品的现象突然结束。美国商务部数据显示，商品 和服务贸易逆差较上月缩小了55.5%，降至616亿美元，为2023年以来最低水平，并且完全逆转了第一 季度逆差急剧扩大的情况。4月份贸易逆差的急剧缩小有望使贸易在第二季度对GDP做出重大贡献，此 前贸易逆差扩大，在很大程度上导致一季度年化GDP下降了0.2%。 美国贸易逆差创历史最大降幅 ...