Core Viewpoint - The recent joint statement by Chinese Foreign Minister Wang Yi and representatives from 53 African countries criticizes the United States for its unilateralism and economic bullying, calling for fair and reciprocal solutions to trade disputes [1][3]. Group 1: Context and Background - The joint statement follows the U.S. imposing high tariffs on several African countries, with some reaching as high as 47% [3]. - The timing of the statement is significant, occurring immediately after the conclusion of U.S.-China negotiations in London, indicating China's firm stance on trade issues [3][7]. Group 2: China's Position and Strategy - The statement serves as a counter to U.S. claims of aiding Africa, highlighting that while the U.S. imposes high tariffs, China is genuinely assisting African nations through infrastructure and agricultural projects [5][9]. - The declaration aims to strengthen China's influence in the Global South, expanding its diplomatic relationships and positioning itself as a more reliable partner compared to the U.S. [7][9]. Group 3: Implications for International Relations - The joint statement is seen as a strategic move in the ongoing U.S.-China rivalry, with China leveraging this opportunity to assert its moral high ground and agenda-setting power in future negotiations [7]. - The document reflects a broader effort by China to reshape the current international order, moving beyond traditional platforms like G7 and WTO to engage with developing nations [7][9].

Core Points - The European Union (EU) has proposed sanctions against two small Chinese banks, claiming they help Russia evade sanctions, which comes shortly after China's Minister Wang Wentao promised to facilitate rare earth exports to Europe [1][5][9] - This situation highlights the complex geopolitical dynamics, where the EU is caught between the need for Chinese resources and pressure from the United States [11][16] - China's response emphasizes the importance of mutual respect in international trade and questions the EU's double standards regarding trade with Russia [21][23] Group 1: EU's Sanctions and China's Response - The EU's sanctions target two small Chinese banks, marking the first time sanctions are directed at Chinese financial institutions [5][9] - China's Ministry of Foreign Affairs criticized the EU's actions, arguing that they violate international trade norms and questioning the EU's own trade relations with Russia [21][23] - The sanctions come at a time when China is attempting to strengthen ties with Europe through rare earth exports, which are crucial for various industries [3][5] Group 2: Geopolitical Context - The sanctions reflect the EU's struggle to balance its economic interests with the pressure from the US, particularly in light of recent high-level visits from French and German leaders to China [11][16] - The EU's actions may be seen as an attempt to appease the US while risking its own economic relationship with China, which is vital for accessing rare earth materials [16][30] - The ongoing geopolitical tensions suggest that the EU's strategy of trying to please both sides may ultimately lead to unfavorable outcomes for its own interests [35] Group 3: Economic Implications - The trade relationship between China and the EU is significant, with bilateral trade expected to approach $800 billion in 2024, indicating deep economic interdependence [25][28] - China's dominance in the rare earth market, controlling approximately 60% of global extraction and 85% of processing, makes it a critical player for European industries [23][25] - The potential for long-term repercussions on the EU's access to essential resources is evident, as any sanctions could disrupt supply chains and increase costs for European companies [25][30]

Core Viewpoint - The protests in Los Angeles are a precursor to a nationwide movement, triggered by the arrests of 44 undocumented immigrants by ICE, reflecting deeper structural conflicts between the "Rust Belt" and "Sun Belt" regions of the U.S. [1][3] Group 1: Economic Impact of Immigration Policy - The U.S. economy could face a GDP loss of 4.2% to 6.8% (approximately $1.1 trillion to $1.7 trillion) if 1 million undocumented immigrants are deported annually until they are eliminated [1][10] - The construction industry could lose up to 1.5 million workers, agriculture could lose 225,000 workers, and the hotel industry could lose 1 million workers due to mass deportations [6][7] - A report indicates that deporting 500,000 undocumented immigrants could lead to approximately 44,000 native workers losing their jobs, and deporting all 11 million could result in 968,000 native job losses [7] Group 2: Tax Revenue and Government Costs - Undocumented immigrants contributed approximately $967 billion in taxes in 2022, with over one-third being payroll taxes that fund social security and Medicare [11] - The annual cost of deporting 1 million undocumented immigrants is estimated to be around $88 billion, which is significantly higher than the budgets of major government agencies [11] - The Social Security fund could lose about $23 billion annually, and the Medicare fund could lose around $6 billion if undocumented immigrants are fully deported [11] Group 3: Consumer Impact and Inflation - The removal of undocumented immigrants could lead to increased living costs for ordinary Americans, potentially causing inflation [8] - Research suggests that deporting 1.3 million immigrants could raise prices by 1.5%, while deporting 8.3 million could lead to a price increase of up to 9.1% by 2028 [8]

何立峰副总理强调"贸易战没有赢家"，并提出中美双方要"进一步发挥好中美经贸磋商机制作用，不断 增进共识、减少误解、加强合作"。 作为发展阶段、经济制度不同的两个大国，中美双方在经贸合作中出现分歧和摩擦是正常的。然而，国 际贸易不可忽视的本质是互利共赢。在全球产业链分工日益细化的今天，世界经济体系高度相互嵌套， 一荣俱荣，这种基于市场选择的自然合作是全球化资源配置的必然结果。近年来，随着美方当局违背经 济规律，倒行逆施单边主义与保护主义，全球政治、经济、贸易局势呈现出显著地恶化趋势。这种将经 贸问题政治化、安全化的做法，不仅撕裂了全球供应链的完整脉络，更在根本上动摇了多边贸易体系的 根基。历史与现实反复印证，贸易战没有赢家，霸凌打压只会造成多败皆伤的困境。当保护主义阴云笼 罩全球经济之际，理性回归的呼声正逐渐汇聚成强大的力量——发展中国家联合捍卫公平贸易原则，跨 国资本用投资选择表达对开放市场的信心，美国国内工商界和农业州也持续发出反制关税的抗议。来自 各方的呼吁清晰表明，世界经济的复苏需要拆除人为藩篱，全球秩序的重构亟须重返合作轨道。 伦敦会议的成果是中美双方正视经贸互利共赢本质，尝试回归经济理性的重要探索。 ...

早盘速递 2025/6/12 热点资讯 1.欧洲央行行长拉加德在演讲中表示，强制性贸易政策不是解决当今贸易紧张局势的可持续办法。保护主义在缓解失衡问题 时，并非解决根源问题，而是在侵蚀全球繁荣的基础。随着各国如今通过全球供应链深度融合——但地缘政治上不再像过去那 样结盟——这种风险比以往任何时候都更大。 2. 据纽约邮报报道，特朗普表示，他对伊朗会同意在与美国修订后的核协议中终止所有铀浓缩活动失去了希望，但仍决心不 让伊朗获得核武器。当被问及是否认为自己能让伊朗同意关闭其核项目时，特朗普称："我不知道。我之前是这么认为的，但 现在我越来越没信心了。 -0.60 -0.40 -0.20 0.00 0.20 0.40 0.60 0.80 1.00 板块涨跌幅（%） 非金属建材, 2.57% 贵金属, 30.02% 油脂油料, 11.65% 软商品, 2.74% 有色, 20.08% 煤焦钢矿, 13.48% 能源, 2.43% 化工, 12.91% 谷物, 1.48% 农副产品, 2.64% 商 品 各 板 块 资 金 占 比 第 1 页，共 3 页 板块持仓 (300,000) (200,000) (100,0 ...

Core Viewpoint - The President of the European Central Bank, Christine Lagarde, emphasized the importance of cooperation among countries to address trade tensions, stating that coercive trade policies are not a sustainable solution for current trade imbalances [1] Group 1 - Lagarde highlighted that being a bully in global trade is not a long-term strategy, and countries must seek collaborative solutions despite geopolitical differences [1] - She pointed out that protectionist measures do not address the root causes of trade imbalances and can undermine the foundation of global prosperity [1] - The integration of global supply chains has deepened, but geopolitical stances are no longer as aligned as in the past, increasing risks more than ever [1] Group 2 - Lagarde warned that coercive trade policies are more likely to provoke retaliation, causing harm to both parties involved [1]

我们，中华人民共和国、53个非洲国家和非洲联盟委员会代表齐聚长沙，遵照2024年中非合作论坛 北京峰会领导人共识，全面推进落实《关于共筑新时代全天候中非命运共同体的北京宣言》。 一、我们一致认为，全球南方的崛起壮大代表着时代潮流和发展方向，中国和非洲是全球南方的重 要组成和坚定力量。我们呼吁世界各国特别是全球南方国家同心协力，携手构建人类命运共同体，高质 量共建"一带一路"，推动落实全球发展倡议、全球安全倡议、全球文明倡议，赞赏中非共筑新时代全天 候命运共同体对维护全球南方团结合作、捍卫多边主义的积极意义。 新华社长沙6月11日电 中非维护全球南方团结合作的长沙宣言 五、我们呼吁国际社会秉持共商共建共享原则，坚持真正的多边主义，共同反对各种形式的单边主 义、保护主义，维护以联合国为核心的国际体系，维护以世界贸易组织为核心的多边贸易体系，推动经 济全球化朝着更加开放、包容、普惠、均衡的方向发展，营造更有利于全球南方的贸易、投资、融资环 境。 六、我们将团结一致筑牢主权平等的基石，坚持国家不分大小强弱，都是国际社会平等一员，坚决 维护国际公正秩序。我们将继续坚定捍卫彼此正当权益，在乱局变局中携手并肩、相互理解、彼 ...

金十数据整理：每日全球外汇市场要闻速递（6月11日） 美元： 1. 据路透调查：105位经济学家中，59位认为美联储将在下个季度（可能在9月）恢复降息，超过六成经 济学家预测美联储今年将至少降息两次。 2. 美国白宫：有关美国财政部长贝森特被视为下一任美联储主席候选人的报道不属实。 非美主要货币： 4. 日本央行呼吁加大力度推动日本进入无现金社会。 5. 路透调查显示，由于美国关税政策的不确定性，日本央行今年将放弃再次加息。 6. 欧洲央行行长拉加德：强制性的贸易政策无法持续，保护主义不能解决根源问题。要维护繁荣目标， 需寻求合作解决方案。 7. 欧洲央行管委斯图纳拉斯：稳定的欧盟政策正在吸引投资者投资欧元。 其他： 1. 惠誉：美元贬值为部分新兴市场央行加快降息提供了空间。 2. 肯尼亚央行将基准利率下调至9.75%，市场预期为9.50%。 1. 美国和瑞士就客户投资信息共享达成协议。 2. 路透调查显示，英国经济今年将温和增长1%，英国央行将在2025年再降息两次。 3. 欧洲央行管委武伊契奇：欧洲央行在利率方面处于非常有利的位置。欧洲央行可以等到九月份再讨论 是否采取行动。 3. 巴西通胀意外降温，交易 ...

金十数据6月11日讯，欧洲央行行长拉加德在演讲中表示，强制性贸易政策不是解决当今贸易紧张局势 的可持续办法。保护主义在缓解失衡问题时，并非解决根源问题，而是在侵蚀全球繁荣的基础。随着各 国如今通过全球供应链深度融合——但地缘政治上不再像过去那样结盟——这种风险比以往任何时候都 更大。强制性贸易政策更有可能引发报复，并导致对双方都有害的结果。欧洲央行近期的分析强调了我 们面临的共同风险。我们的工作人员发现，如果全球贸易分裂成相互竞争的集团，世界贸易将大幅收 缩，每个主要经济体的情况都会更糟。 拉加德：强制性的贸易政策无法持续 保护主义不能解决根源问题 ...

Core Viewpoint - The leader of Japan's largest opposition party, the Constitutional Democratic Party, suggests that Japan should leverage the expansion of regional free trade agreements as a bargaining chip in tariff negotiations with the United States [1] Group 1: Trade Negotiations - Japan's chief negotiator recently concluded the fifth round of talks in Washington, with little indication that U.S. tariffs will be eased [1] - The opposition leader emphasizes the importance of advancing free trade to potentially prompt the U.S. to reconsider its protectionist stance [1] Group 2: Domestic Economic Policy - The upcoming Japanese Senate elections are expected to focus heavily on inflation, which may be exacerbated by Trump's trade war [1] - To address the cost of living crisis, the opposition party proposes a one-year suspension of the consumption tax and a one-time cash subsidy of 20,000 yen for each resident [1] - Funding for this initiative is suggested to come from a combination of existing fiscal resources, including fiscal reserves and surplus foreign exchange funds [1]