1月份，印度的贸易逆差扩大，而就在几周后，新德里与美国达成了一项降低关税的临时协议。印度商 务部周一公布的数据显示，上月进出口差额为347亿美元。相比之下，经济学家预测的逆差为254亿美 元。印度1月份进口额同比增长19.2%，达到712.4亿美元；出口额同比增长0.6%，达到365.6亿美元。美 国于2月初与印度达成第一阶段贸易协议，将对印度商品的关税从50%降至18%。该协议的最终敲定紧 随印度与欧盟达成贸易协定之后，这进一步加强了新德里深化与主要贸易伙伴关系的努力。 ...

5000亿成空头支票？印度三连拒买俄油，特朗普惨遭"打脸"！ 5000亿大单？一场各怀鬼胎的"罗生门" 2026年2月6日，白宫官网悄悄挂出一份美印联合声明。关税降了，5000亿美元采购意向写进去了，关于俄罗斯石油——一个字没有。 同一天，特朗普签署的行政令里却明明白白写着一句话："印度已承诺直接或间接停止进口俄罗斯联邦石油。" 行政令还补了一刀——如果印 度恢复采购，关税随时可以重新加上来。 联合声明的用词也值得咀嚼。关于5000亿美元采购，英文原文用的是"intends to purchase"——"拟采购"，不是"承诺采购"，更不是"必须采 购"。 搞过合同的人都知道，"intend"在法律上约等于"打算"，不构成硬性义务。而且声明本身只是一个"临时协定框架"，完整的协定文本到现在都 还没出来。 一份协议，两个版本。白宫版和新德里版，内容对不上。 说白了，目前为止这份所谓的"历史性贸易协议"，连个正式签字版都没有。 新华社当天发了电讯稿，确认了关税调整的事实。央视新闻也跟进报道了特朗普的声明内容。消息一出，印度股市直接起飞——Nifty 50指数 单日涨2.55%，卢比兑美元暴涨1.5%，创下近八年来最 ...

印度贸易部长：近90% - 95%的印度农产品被排除在美国贸易协议之外。 ...

Group 1: US-Bangladesh Trade Agreement - The US and Bangladesh have reached a trade agreement that reduces Bangladesh's tariffs on goods exported to the US to 19%, down from 37% to 20% previously set by President Trump [1] - Bangladesh will lower non-tariff barriers for US goods and commit to maintaining labor rights and environmental protections [1] - The US will allow certain textiles and garments produced in Bangladesh using US raw materials to enjoy tariff exemptions [1] Group 2: Market Access and Product Categories - Bangladesh has agreed to provide significant market access for US industrial and agricultural products, including chemicals, medical devices, machinery, automotive parts, soy products, dairy, beef, poultry, nuts, and fruits [1] - Non-tariff barriers will be reduced by accepting US vehicle safety and emissions standards, recognizing FDA certifications, and lifting import restrictions on remanufactured products [1] - Upcoming commercial agreements include aircraft procurement and approximately $3.5 billion in US agricultural product purchases, with Bangladesh expected to buy $15 billion worth of US energy products over the next 15 years [1] Group 3: EU Trade Barriers on Chinese Ceramics - The European Commission has imposed a 79% anti-dumping duty on ceramic tableware and kitchenware from China, effective from February 7, replacing previous rates of 13.1% to 36.1% [2] - This measure, which began in 2013, was intensified after the EU determined that previous tariffs were insufficient to address "unfair competition" [2] - The EU found that Chinese ceramic manufacturers benefit from special advantages in financing, land, and raw materials, leading to artificially low export prices [2] Group 4: Impact on Chinese Ceramic Industry - China is the largest ceramic supplier to the EU, holding over 40% of the import share, with the affected market valued at approximately €320 million [4] - The increase in ceramic tariffs is indicative of broader trade tensions between China and the EU, with 47 out of 63 ongoing trade investigations by the EU targeting Chinese products [4] - Major markets, including the US, EU, Mexico, and Brazil, have established trade barriers against Chinese ceramic products, posing unprecedented challenges for Chinese exporters [4]

特朗普搞定了谁？ 2月2日，这位美国前总统重返白宫后，在社交媒体上用他一贯的、大写字母强调的语气向全世界宣布了一 个"大喜讯"：美国和印度达成了"有史以来最伟大的贸易协议之一"。 他把对印度商品的关税，从高高的50%，一刀砍到了 18%，降幅足足32%。 他写道，这意味着美印两个伟大的国家"握手言和"了。 消息一出，很多人第一反应是：莫迪赢了？ 那个让欧洲盟友、日韩伙伴磨破嘴皮都不肯松口的特朗普，居然在印度这里服软 了？ 这面子可给得太大了。 但如果你仔细读完特朗普那条信息量爆炸的"官宣"，你的后背可能会有点发凉。 天下没有免费的午餐，在特朗普的字典里， 尤其没有。 这18%的优惠关税，可不是白给的。 它像一根挂着三个沉重铁球的锁链，牢牢套在了印度的脖子上。 特朗普明确 列出了三个条件，少一个，这桩"喜事"就黄了。 第一个条件，是钱，很多很多的钱。 特朗普说，莫迪亲口向他承诺，印度将购买价值超过5000亿美元的美国产品。 5000亿！ 这是个什么概念？ 咱们得对比一下。 在协议达成前的2024年，印度一年从美国进口的商品总额，大概是415亿美元。 也就是 说，莫迪承诺的这个数字，是现在每年进口额的十倍还多。 ...

Core Viewpoint - The U.S. is reducing the so-called reciprocal tariffs on Bangladeshi goods and providing new exemptions for textiles, which will support Bangladesh's garment industry [1] Group 1: Tariff Adjustments - The overall reciprocal tariff on Bangladesh will be lowered to 19%, down from 20% last year and 37% previously [1] - A mechanism will be established to allow certain textiles to receive full tariff exemptions, benefiting the garment sector [1] Group 2: Trade Benefits - Bangladesh will offer preferential access to U.S. industrial goods and agricultural products, including chemicals, medical devices, auto parts, energy, and agricultural products [1] - The country has committed to addressing non-tariff barriers that restrict U.S. sales, including accepting vehicles that meet U.S. regulations and obtaining authorization for pharmaceuticals from the U.S. government [1] Group 3: Compliance Commitments - Bangladesh has agreed to measures related to environmental protection, labor rights, and intellectual property rights [1]

Market Performance - Markets closed sharply higher, with the Sensex gaining 485.35 points or 0.58% to settle at 84,065.75, and the Nifty advancing 173.60 points or 0.68% to end at 25,867.30, driven by optimism around an interim India-US trade framework and strong earnings from State Bank of India [1] - The broader market outperformed benchmarks, with the Nifty Midcap 100 index surging 1.58% to 60,441.15 and the Nifty Smallcap 100 index jumping 2.64% to 17,385.90, indicating a positive market breadth with 3,062 stocks advancing against 1,308 declines [4] Company Highlights - State Bank of India emerged as the top gainer on the Nifty50, surging 7.63% to ₹1,147.80 after reporting better-than-expected third-quarter earnings and upgrading its full-year loan growth guidance [2] - Other notable gainers included Shriram Finance, which rose 6.03% to ₹1,063.00, Grasim Industries up 3.11% to ₹2,925.00, Titan Company increasing 3.04% to ₹4,267.00, and Dr Reddy's Laboratories climbing 2.80% to ₹1,276.00 [2] Sector Performance - All 12 main NSE sectors ended in the green, with Nifty Media leading gains at 4.4%, while IT stocks closed nearly flat at 0.02% [5] - The Nifty Bank index gained 548.80 points or 0.91% to close at 60,669.35, and the Nifty Financial Services index advanced 346.95 points or 1.25% to 28,154.05 [5] Currency and Economic Factors - The rupee traded marginally weaker by 6 paise at 90.70 against the dollar, influenced by rising gold and silver prices, which increased the overall import bill [7] - The evolving India-US trade dynamics are adding near-term strain on the currency, with expectations for the rupee to trade in a range of 90.25-91.25 in the near term [7]

在另一项行政命令中，美国总统唐纳德·特朗普宣布成立一个由商务部长霍华德·卢特尼克牵头的委员 会，负责监测印度是否"直接或间接"进口俄罗斯石油。依据该委员会的评估，美国随时可能恢复25%的 惩罚性关税。 当泰国、马来西亚、印尼和越南等竞争对手已经敲定正式协议时，印度民众在周六看到的文本却明确显 示：这只是一个"临时性"贸易框架。印度出口商确实获得了优惠，自8月以来所承受的50%关税被下调 一半。其中，原有的一半关税被定义为对印度"通过购买俄罗斯石油、间接资助普京发动乌克兰战争"的 惩罚性措施。但这并非赦免，而更像是假释。 2月9日，机构分析认为，美印贸易协议有很多标签，但唯独谈不上是两个主要经济体之间相互尊重的协 定。其运作逻辑更接近一场国际货币基金组织（IMF）式的"纾困"。 责任编辑：栎树 美股频道更多独家策划、专家专栏，免费查阅>> ...

Core Viewpoint - Indian refiners are avoiding the purchase of Russian oil scheduled for delivery in April and are expected to stay away from Russian oil for a longer period, which may facilitate a trade agreement between India and the United States [1] Group 1: Indian Refiners' Actions - Indian oil companies, including Indian Oil Corporation, Bharat Petroleum, and Reliance Industries, are not accepting offers for Russian oil shipments scheduled for March and April [1]

Group 1 - The recently concluded US-India trade agreement has sparked enthusiastic reactions in India, particularly in key export sectors such as the gems and jewelry industry and the textile and apparel sector, with expectations of significant benefits from reduced US tariffs [1][3] - The chairman of the All India Gem and Jewelry Domestic Council expressed satisfaction with the agreement, highlighting the potential for "great benefits" as tariffs on Indian goods are reduced from 50% to 18%, with hopes for further reductions to 0% in the future [3] - The jewelry sector, which previously held a 35% market share in the US, faced severe challenges due to the high tariffs, leading to a complete collapse of Indian jewelry business in the US, but now anticipates a strong rebound with the new tariff reductions [3] Group 2 - The textile and apparel industry representatives in Surat are also optimistic, viewing the agreement as "major news" that will provide a competitive advantage and drive significant growth, as textiles account for 30-35% of India's exports to the US [3] - Surat's textile exports to the US exceed 1 trillion rupees, and industry players are already preparing to meet the anticipated demand, indicating a favorable market outlook in the near future [3]