Core Viewpoint - The article discusses the negative impact of U.S. tariffs on agricultural exports to China, leading to significant losses for American farmers while benefiting countries like Australia and Argentina, which are seizing the opportunity to fill the market gap left by the U.S. [2][28] Group 1: U.S. Tariff Impact - Following the announcement of a 10% tariff on Chinese imports in March 2025, U.S. beef exports to China plummeted by 96%, resulting in monthly losses of hundreds of millions of dollars over the past five months [3][5] - The imposition of tariffs led to a backlog of U.S. soybeans, with inventories reaching 43.8 million tons, the highest level since 1988, as China halted purchases of U.S. soybeans for 14 consecutive weeks [7][12] Group 2: Market Dynamics - Australia capitalized on the U.S. market exit, with beef exports to China increasing by 40% year-on-year in February and March 2025, selling 21,000 tons in just two months [5][17] - Argentina's sudden cancellation of soybean export taxes allowed Chinese buyers to purchase 1.3 million tons of Argentine soybeans at prices $30-$50 per ton lower than U.S. soybeans, disrupting U.S. farmers' harvest season [10][13] Group 3: South American Gains - By 2024, Brazil's soybean exports to China accounted for 71%, while U.S. exports dropped to 21%, with projections indicating U.S. soybean exports to China could reach zero by September 2025 [19][22] - Brazil's beef exports to China increased by 25% year-on-year from January to August 2025, as it targeted the lower-end market previously served by the U.S. [17][19] Group 4: Structural Changes - South American countries are enhancing their agricultural infrastructure, with Australia expanding beef processing facilities, Brazil constructing dedicated soybean ports, and Argentina optimizing logistics networks, creating a "de-Americanized" supply chain [26][28] - China's strategy of diversifying imports and enhancing domestic production has led to a significant reduction in reliance on U.S. agricultural products, with over 90% of soybeans imported from Brazil and Argentina by 2024 [22][24]

Group 1 - The spokesperson emphasized that there are no winners in trade wars and protectionism is not a viable solution [2] - The spokesperson highlighted the significance of the upcoming National Day and Mid-Autumn Festival, encouraging foreign tourists to visit China and experience its diverse culture [2] - The spokesperson mentioned that the Chinese government will implement necessary measures to ensure the safety of both domestic and foreign tourists during the holiday [2] Group 2 - The spokesperson referred to the "China Development Report 2025," which outlines the achievements and new challenges of China's modernization efforts, providing insights for other countries [3] - The spokesperson noted that despite a complex international environment, China's economy is operating steadily with progress in high-quality development and strong new productive forces [3] - The spokesperson asserted that China's modernization will contribute to global opportunities and that no country should be left behind in the pursuit of development [3]

Group 1 - The article discusses the announcement by President Trump to impose high tariffs on imported bathroom products, cabinetry, and other wooden goods, indicating a shift towards protectionist trade policies [1] - The Chinese Foreign Ministry spokesperson, Guo Jia Kun, responded by stating that there are no winners in a trade war and that protectionism is not a viable solution [1] Group 2 - The article mentions a significant reaction in the market, with multiple A-shares announcing suspensions, indicating potential volatility in the stock market due to these tariff announcements [2] - The article highlights the ongoing tension in trade relations, suggesting that the situation may lead to further regulatory scrutiny and actions from the China Securities Regulatory Commission [2]

编辑：万可义 广告等商务合作，请点击这里 中新网北京9月30日电 (记者 李京泽 谢雁冰)中国外交部发言人郭嘉昆9月30日主持例行记者会。 有记者提问：美国总统特朗普日前宣布对进口木材、木制品、橱柜、浴室柜等征收新的高额关税。中方 对此有何评论？ 郭嘉昆：关税战、贸易战没有赢家，搞保护主义没有出路。(完) 来源：中国新闻网 特朗普宣布对进口木材等征收高额关税 中方回应 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 ...

对此，郭嘉昆表示，"关税战、贸易战没有赢家，搞保护主义没有出路。" 据澎湃新闻，9月30日，外交部发言人郭嘉昆主持例行记者会。 路透社记者提问，美国总统特朗普宣布对进口建材、橱柜、浴室用品、梳妆台以及软垫家具征收新的关 税。外交部对此有何评论？ ...

据澎湃新闻，外交部发言人郭嘉昆主持例行记者会。路透社记者提问，美国总统特朗普宣布对进口建材、橱柜、浴室用品、梳妆台以及软垫家具征 收新的关税。外交部对此有何评论？ 对此，郭嘉昆表示，"关税战、贸易战没有赢家，搞保护主义没有出路。" ...

Core Viewpoint - Trump's recent shift in tariff policy has reshaped the U.S. fiscal landscape and significantly impacted global trade relations [1] Group 1: Impact on U.S.-China Trade Relations - The trade war initiated by the Trump administration in 2019, involving a 25% tariff on hundreds of billions of dollars worth of Chinese goods, has led to retaliatory measures from China, including export controls on rare earth elements [3][5] - As a result of these tariffs, U.S. industries faced supply chain disruptions, with notable impacts on Boeing and the automotive sector, leading to a quiet reduction in some tariff rates by the White House [3] - China's export value surpassed 13 trillion yuan in the first half of 2025, reflecting a 7.2% year-on-year growth, indicating the resilience of Chinese manufacturing [3] Group 2: Winners of the Tariff Strategy - U.S. domestic interest groups, particularly in the Great Lakes region's steel industry, Texas oil fields, and Iowa farms, have benefited from the tariff policies, contributing to Trump's electoral support [5] - The new strategy appears to focus on extracting concessions from allies rather than confronting China directly, showcasing a shift in approach [5][7] Group 3: European Trade Dynamics - Trump's imposition of a 25% punitive tariff on EU steel and aluminum, along with a 15% auto tariff, forced the EU to agree to significant investments in the U.S., totaling $600 billion [6] - The U.S. Customs revenue saw a dramatic increase, with a 273% rise in July 2025 to $28 billion, and an annual projection exceeding $300 billion, doubling from 2024 [6] Group 4: Strategic Shift in Negotiation Tactics - The Trump administration's approach has evolved to prioritize pragmatic negotiations, such as demanding Intel to give up 10% of its shares and requiring upfront payments from the Philippines for military cooperation [7] - This shift reflects a more calculated decision-making process, focusing on tangible financial outcomes rather than ideological confrontations, indicating a more business-like approach to international relations [7]

Market Overview - International gold prices have reached a new high, with COMEX gold trading at $3859.9 per ounce, reflecting a daily increase of over 2% [7] - The Nasdaq China Golden Dragon Index rose by 2.03%, indicating a positive trend in Chinese stocks [5] - Major U.S. stock indices experienced slight gains, with the Dow Jones up 0.15%, S&P 500 up 0.26%, and Nasdaq up 0.48% [2][3] Company Performance - Large tech stocks showed mixed results, with Nvidia increasing by 2.07% and Amazon by 1.09%, while Google and Apple saw declines of 1.14% and 0.40% respectively [4] - OpenAI has partnered with Etsy and Shopify to launch an instant checkout feature in ChatGPT, which will soon be available to over a million Shopify merchants [4] Industry Developments - The U.S. SEC Chairman has indicated a move towards reducing regulatory burdens by potentially eliminating the requirement for companies to release quarterly earnings reports, shifting to a semi-annual reporting system instead [13] - Trump's proposal to impose a 100% tariff on films produced outside the U.S. has raised concerns within the film industry, particularly affecting companies like Netflix, which saw a slight decline in stock price [11][12]

Core Viewpoint - The article discusses the significant disparity between the market value and the official book value of the U.S. gold reserves, highlighting the potential financial implications of revaluing these assets in the context of rising gold prices and government debt constraints [1][6][17]. Group 1: Gold Price Surge - The price of gold has recently surged, reaching a historic high of $3,824.5 per ounce, with a year-to-date increase of 45%, driven by investor demand for safe-haven assets amid trade tensions and geopolitical risks [3][9]. - The market value of the U.S. gold reserves has surpassed $1 trillion for the first time, reflecting the growing appeal of gold as a hedge against economic uncertainty [3][9]. Group 2: Official Valuation vs. Market Value - The U.S. Treasury's gold reserves are officially valued at approximately $110 billion, based on a fixed price of $42.22 per ounce set in 1973, creating a stark contrast with the current market value, which is over 90 times higher [6][17]. - If the gold reserves were revalued at current market prices, it could potentially release around $990 billion in funds for the U.S. Treasury, a tempting prospect given the current debt ceiling constraints [1][7][17]. Group 3: Implications of Revaluation - The potential revaluation of gold reserves raises discussions about its feasibility and the legal implications, as it could be perceived as a dual easing of fiscal and monetary policy [17][18]. - Historical precedents exist, as countries like Germany, Italy, and South Africa have revalued their gold reserves in the past, suggesting that such a move is not without precedent [18]. Group 4: Market Dynamics and Demand - The demand for gold has been bolstered by institutional and central bank purchases, indicating a "price insensitive" buying behavior among central banks [11][9]. - Speculative long positions in the gold market have increased but have not reached extreme levels, suggesting that market sentiment has not yet entered a phase of panic buying [13].

更让农民们担心的是就算现在和中国谈成了协议，也赶不上今年的大豆收获季了。 2025年第二季度中国从巴西、阿根廷等南美国家买的大豆总量超过了3000万吨，创下了新纪录，对美国大豆的需求降到了20年来最低，而特朗普政府却还在 坚持关税政策，认为虽然短期内会有影响，但最终美国农民会赚得更多，这种盲目乐观让农民们越来越焦虑。 这么一看墨西哥这次妥协，好像是"没办法才这样做"，但仔细琢磨其实他们根本没算清楚自己多依赖中国商品。 中国不买美国大豆了，美国农民急得提醒特朗普赶紧想办法，但美国国土安全部却坚持关税不能停，这到底说明了什么？ 根据最新报道美国新一季的大豆已经开始出口了，但卖给中国的订单却是零，和去年同期的情况完全不一样，同时美国国土安全部还明确表示，就算9月30 日后美国政府停摆，关税征收这些事也不会停。 一边是美国农民卖不出去大豆，生活压力越来越大，另一边是政府还在死撑关税政策，特朗普的贸易决策让美国陷入了两难境地，美国大豆协会主席拉格兰 甚至说这对美国农民来说简直是"五级火警"，非常紧急。 比如墨西哥最重要的汽车产业，出口到美国的整车里，有35%的零部件都是从中国买的，如果对中国零部件加税，汽车生产成本至少 ...