智通财经5月16日电，泰国商务部长Pichai Naripthaphan表示，美国将确定与泰国就其拟对泰国出口产品 征收36%关税展开谈判的日期。他本周与美国贸易代表格里尔举行了会晤。 泰国商务部长称正在等待美国确定关税谈判日期 ...

德国副总理兼财政部长克林拜尔当地时间5月15日在德国联邦议院发表演讲时表示，德国将和欧盟国家 一起展开对美国的关税谈判。如果欧美之间的关税谈判失败，德国也将和欧盟一起采取对美国的应对措 施。尽管近期欧盟和美国方面已经就关税问题展开了多次谈判，但是目前仍未能达成协议。克林拜尔表 示，德国作为欧盟最大的出口国，与美国保持良好的关系尤为重要。但是在对美国贸易和关税谈判的问 题上，德国坚持平等谈判，不能不惜一切代价达成协议。德国经济部长当天也表示，贸易冲突是有害 的，它会阻碍商品交换，抑制经济增长，最终不会有赢家，希望欧盟和美国的关税谈判能够找到一个合 理的解决方案。(央视新闻) ...

Group 1: Trade Relations - India has proposed a "zero tariff" trade agreement to the United States, indicating a willingness to eliminate tariffs on American goods [1][2] - Prior to this proposal, India threatened to impose retaliatory tariffs on certain American products in response to the U.S. imposing a 25% tariff on Indian steel and aluminum [3] - The U.S. tariffs have affected approximately $7.6 billion worth of Indian exports to the U.S., prompting India to seek bilateral consultations with the U.S. [3] Group 2: Apple Inc. and Production Plans - President Trump has urged Apple CEO Tim Cook to halt plans for expanding production in India and instead increase manufacturing in the U.S. [4] - Apple had intended to import a majority of its iPhones sold in the U.S. from India by the end of next year, but Trump's comments have disrupted these plans [5] - Currently, about 10%-15% of iPhones are assembled in India, with projections suggesting this could rise to 15%-20% by the end of 2025 [6]

Core Viewpoint - The article discusses the new signals released during the policy window period in late April, emphasizing the need for flexible and timely incremental policies in response to external uncertainties, particularly regarding tariff negotiations and economic stability [2][11][70]. Group 1: New Signals from the Policy Window - The April Central Political Bureau meeting highlighted the importance of stabilizing employment, economy, market, and expectations, while maintaining vigilance against external risks, marking the first use of the term "international economic and trade struggle" [3][11][70]. - The meeting emphasized the need for a flexible and unconventional policy toolbox, advocating for timely incremental reserve policies based on changing circumstances [3][11][70]. - Subsequent press conferences focused on stabilizing employment and the market, detailing policies aimed at boosting domestic demand and supporting the private economy [4][12][13]. Group 2: Incremental Policy Adjustments - The current 90-day tariff "grace period" serves as a crucial window for implementing existing policies and strengthening incremental policy reserves, with strong export performance driven by "export grabbing" [5][16][70]. - Financial policies have been introduced, including comprehensive reserve requirement ratio cuts and structural monetary policy tool interest rate reductions, aimed at lowering borrowing costs for banks [18][19][70]. - The government is closely monitoring the issuance and utilization of debt limits for existing policies while focusing on the potential for incremental policy "continuity" [21][28][70]. Group 3: Potential Focus Areas for Incremental Funding - If tariff negotiations progress smoothly, future policy focus may shift towards long-term institutional reforms and structural policy support [46][79][70]. - Consumer spending needs to be supported through mechanisms that reduce burdens and increase income, with a particular emphasis on improving income distribution and social security systems [46][79][70]. - Investment in new infrastructure, particularly in emerging industries like AI, is expected to become a new growth point, alongside traditional infrastructure projects [57][80][70].

据日本读卖新闻：日本首席谈判代表赤泽亮正下周将访美进行关税谈判。 ...

金十数据5月15日讯，据日本时事通讯社报道，美国考虑在关税谈判中修改与日本贸易协定的可能性。 该报道指出，虽然美国正在考虑修改协议，但日本方面并不期待这样的变化。因此，谈判有可能陷入僵 局。据消息人士透露，此次协议修订似乎是围绕美国要求日本在农业和畜牧产品方面进一步让步的可能 性展开的。日本在最初的讨论中拒绝做出让步。财经网站Forexlive分析师表示，现在，我们只能拭目以 待了。 但至少有一个可能的时间线值得关注。日本首席贸易谈判代表最早可能于下周前往华盛顿，进 行第三轮贸易谈判。 日媒：美国考虑在关税谈判中修改与日本贸易协定的可能性 ...

金十数据整理：每日全球外汇市场要闻速递（5月15日） 1. 韩国最高贸易特使将于周四下午与美国贸易代表格里尔举行双边会谈。 1. 消息人士：美国在关税谈判中不寻求美元贬值。 2. 欧洲央行要求区内银行评估压力情况下美元短缺风险，因担忧特朗普执政下无法依赖美联储。 3. 美国监管机构准备在未来几个月降低大型银行补充杠杆率。 4. 消息人士称，美国与日本和韩国的贸易关税协议接近达成，具体时间尚不清楚。与印度的协议也将达 成，但因与巴基斯坦的紧张关系而受到影响。 5. 美联储-①古尔斯比：4月份通胀数据的某些部分反映了数据的滞后性；目前是美联储等待更多信息、 努力摆脱数据噪音的时机。②戴利：目前的货币政策能够应对经济中的各种变化，耐心是当下的关键 词。③副主席杰斐逊：关税可能导致通胀上升，但尚不确定其影响是否持续。 6. 德意志银行：美联储可能要到12月才会降息，随后在2026年一季度降息两次，每次25个基点。 7. 特朗普：宁愿先还债，再搞主权财富基金。 2. 中国央行今日开展645亿元7天逆回购操作，利率为1.40%，与此前持平。 3. 韩国将于9月起将存款保险上限从目前的5000万韩元提高至1亿韩元。 2. ...

智通财经5月15日电，德国财政部长克林贝尔周四表示，面对美国的关税，欧盟必须团结起来，如果与 华盛顿的谈判没有取得结果，欧盟准备采取行动。"我们必须团结一致，坚定地回应美国的关税，"克林 贝尔对德国议会表示。"我们期望谈判会得到一个好的结果，但我也想明确表示，如果这不能成功，我 们准备采取行动。" 德国财长：如果与美国关税谈判失败 欧盟准备采取行动 ...

Core Insights - On May 14, the stock ETF market experienced a net outflow of 1.3 billion yuan, marking the third consecutive day of outflows this week [1][3] - Since late April, stock ETFs have seen over 10 consecutive trading days of net outflows, totaling more than 50 billion yuan [1][5] - The total number of stock ETFs in the market reached 1,089, with a total scale of 3.58 trillion yuan as of May 14 [2] Fund Flow Analysis - On May 14, 14 stock ETFs recorded net inflows exceeding 100 million yuan, with the top three being Huatai-PB CSI 300 ETF, Southern CSI 500 ETF, and Huaxia CSI A500 ETF, each with inflows over 400 million yuan [3][4] - The leading sectors for net inflows included CSI 300 (net inflow of 790 million yuan), CSI 500 (net inflow of 710 million yuan), and CSI A500 (net inflow of 680 million yuan) [3] - Conversely, the commodity-based gold ETFs experienced a net outflow of 1.6 billion yuan on the same day, continuing a trend of outflows over the past five trading days [3] Sector Performance - On May 14, 20 stock ETFs experienced net outflows exceeding 100 million yuan, with significant losses in sectors such as brokerage and Hong Kong technology and internet ETFs [5] - The top three ETFs with the highest net outflows included CSI A500 ETF, brokerage ETF, and dividend ETF, with outflows of 458 million yuan, 442 million yuan, and 401 million yuan respectively [7] - The recent market dynamics suggest that while there is support for the capital market from current policies, investor sentiment remains cautious due to ongoing trade negotiations and economic data releases [5][6]

路透调查：到目前为止，29位经济学家中有16位对日本与美国的关税谈判持"强烈"或"有些"赞成态度。 ...