Core Viewpoint - The market's muted reaction to the latest U.S. tariffs suggests that investors may have already anticipated these developments and adjusted their portfolios accordingly [1] Market Reaction - Analysts note that market volatility remains orderly, indicating a lack of panic among investors [1] - There has been no significant sell-off in growth assets such as U.S. stock index futures and Bitcoin, nor a substantial shift towards safe-haven assets like the U.S. dollar and gold [1]

Core Viewpoint - The U.S. tariffs create a lose-lose situation, leading to higher costs for American consumers [1] Group 1 - The Vice President of Brazil emphasizes that U.S. tariffs will result in increased prices for products, ultimately affecting American consumers [1]

Core Viewpoint - The decision to establish a new factory in France by Safran Group is not related to U.S. tariffs or recent transatlantic relations [1] Group 1 - Safran Group's CEO emphasized that the new factory's establishment is a strategic move independent of external political factors [1]

Core Viewpoint - The Bank of Canada’s monetary policy report does not provide economic forecasts but highlights uncertainties stemming from U.S. tariffs [1] Group 1 - The report emphasizes the lack of economic predictions, indicating a cautious approach by the Bank of Canada [1] - It specifically points out the uncertainties related to U.S. tariffs, which could impact the Canadian economy [1]

Group 1: Company Overview and Market Conditions - The overall business situation from April to June remained stable, with export sales affected by U.S. tariffs and order cycles, leading to a slowdown in sales but still maintaining normal levels [2] - Domestic market competition has intensified, prompting the company to adjust marketing strategies and actively promote market expansion, resulting in steady growth in shipment volume [2] Group 2: Impact of U.S. Tariffs - Export sales to the U.S. are primarily impacted by tariffs, with the highest tariff reaching 145%, causing many customers to adopt a wait-and-see approach; however, orders are gradually returning to normal after the retention of a 30% tariff [3] - Tariffs are generally borne by customers through FOB arrangements, with some costs reflected in product pricing, and the company also absorbs part of the tariff [3] - The company maintains close communication with customers to develop countermeasures and plans to participate in 29 trade shows in 2025 to explore other overseas and domestic markets [3] Group 3: Financial Performance and Future Outlook - The impact of tariffs on gross profit margins is uncertain and will be clarified in the 2025 semi-annual report; however, the expected change is not significant [3] - The company has not seen a reduction in customer reliance on its products, and the demand in the U.S. market remains relatively stable, particularly for bathroom products [3] - The company aims to maintain its advantages in plastic bathroom pumps while significantly developing stainless steel pumps, with plans to expand product categories and sales channels [4] Group 4: Dividend Policy - The company has historically maintained a high cash dividend ratio, with cumulative net profit of CNY 2.773 billion and cumulative cash dividends of CNY 2.255 billion, exceeding 80% of net profit [4] - Future dividend distributions will depend on the company's development needs and actual operating conditions, subject to approval by the board and shareholders [4]

阿迪达斯首席执行官：集团拥有强大的供应链。将对最终关税进行定价审查。我们并未因美国关税而取 消任何订单。 ...

日产首席执行官：美国关税对本财年的负面影响从之前预期的至多450亿日元下调至300亿日元。 ...

Group 1 - Brazilian stock index maintains a gain of over 0.7% [1] - Brazilian real appreciates against the US dollar by over 0.3% [1] - Finance Minister Haddad states that the Lula administration will have congressional support in addressing US tariffs [1] Group 2 - No special actions are required before August 1 [1] - Haddad has communicated with the team of US Treasury Secretary Yellen and may have a phone call with her [1]

阿斯利康首席财务官：美国关税不会对该公司产生重大影响；如果产生任何影响，也将是"非常短暂 的"。 ...

高盛：预计到明年年底，美国关税将使欧元区经济增速减少0.4%，此前预期为0.6%。 ...