Core Viewpoint - Trump's new policy to impose a 100% tariff on foreign-made films entering the U.S. is seen as a continuation of his protectionist agenda, which may harm the domestic film industry rather than protect it [3][5]. Industry Impact - The proposed film tariff will significantly impact the U.S. film industry's supply chain, leading to increased production costs and potentially fewer films being produced, which could disrupt the entire industry ecosystem [5]. - Hollywood's reliance on overseas locations, special effects teams, and post-production services means that the tariff could lead to a substantial increase in production expenses, ultimately harming the film distribution business [5]. International Response - European lawmakers have expressed strong opposition to Trump's film tariff, labeling it as a form of trade protectionism. They warn that retaliatory measures could be taken, such as limiting U.S. film imports or imposing additional taxes on American films, which would severely affect Hollywood's international box office revenues [6]. - If Europe enacts countermeasures, it could diminish the influence of American films in European markets, leading to a significant reduction in international ticket sales [6]. Cultural Exchange - The implementation of a film tariff could hinder cultural exchange between nations, as films serve as vital cultural conduits. A retaliatory response could further weaken cultural penetration and influence [8]. - While the immediate impact on Chinese films may be limited due to their small market share in the U.S., the long-term effects of disrupted international cultural trade could destabilize the global film market [8]. Conclusion - Trump's approach to tariffs, particularly in the film industry, is viewed as a misguided attempt that may not yield the desired protective effects and could lead to greater isolation for the U.S. in the international market [9].

Core Viewpoint - The Chinese ambassador to Guinea-Bissau, Yang Renhuo, expressed a strong stance against the U.S. imposition of tariffs, labeling it as unilateralism, protectionism, and economic bullying, which severely impacts international trade and violates World Trade Organization rules [3][4]. Group 1: U.S. Tariff Impact - The U.S. has announced tariffs on all trade partners, affecting over 180 countries, which has drawn significant domestic and international criticism [3]. - The tariffs are expected to shrink global merchandise trade volume by approximately 1% this year, according to the World Trade Organization [4]. - The tariffs disproportionately affect developing countries, exacerbating wealth disparities and causing economic instability, particularly in Africa [4]. Group 2: China's Economic Resilience - China’s economy continues to grow, achieving a 5.4% growth rate in the first quarter, despite U.S. trade pressures [5]. - The Chinese economy is characterized as a vast market with a complete industrial chain, relying on self-reliance and hard work rather than external favors [5]. - The U.S. trade bullying has not only failed to achieve its goals but has also resulted in losses for American businesses and consumers, increasing the risk of domestic economic recession [5]. Group 3: China-Guinea-Bissau Relations - The relationship between China and Guinea-Bissau is strong, with recent high-level visits and discussions aimed at enhancing mutual cooperation [7]. - China has committed to providing zero-tariff treatment for 100% of products from 33 African countries, including Guinea-Bissau, contrasting with U.S. tariff measures [7]. - There are significant opportunities for cooperation in sectors such as cashew exports and bauxite exploration between China and Guinea-Bissau [7].

Core Viewpoint - The upcoming China-US economic and trade high-level talks in Switzerland are seen as an opportunity to alleviate trade tensions and provide certainty for global economic growth [1] Group 1: China's Economic Strategy - China focuses on high-quality development and high-level openness as a source of confidence in its ability to handle external challenges [1] - The country emphasizes the importance of concentrating on domestic affairs to enhance resilience against external shocks [1] Group 2: Economic Resilience and Opportunities - China's large market size offers significant opportunities, while institutional openness provides certainty and benefits [1] - The nation has cultivated a robust innovation ecosystem that contributes to sustained economic momentum [1] - The dual circulation strategy enhances the resilience of the economy, allowing for mutual promotion between domestic and international markets [1] Group 3: Global Cooperation and Trade - China expresses a commitment to strengthening coordination with the international community to resist unilateral protectionism and hegemonic practices [1] - The country advocates for the maintenance of free trade and multilateralism, aiming to promote inclusive global economic development [1]

即将在瑞士举行的中美经贸高层会谈备受国际社会瞩目。在全球经济复苏乏力的背景下，这场对话被视 为化解贸易摩擦的一个契机，各方期待中美通过建设性沟通，为世界经济增长注入确定性。 一段时间以来，美方一系列违规、无理的单边关税措施，严重冲击中美经贸关系，严重冲击全球产业链 供应链稳定，严重扰乱国际经贸秩序和世界经济增长前景。国际货币基金组织、经济合作与发展组织与 世界银行等国际机构都预测，美国关税政策将严重拖累全球经济，一些国家的经济增长迅速放缓，重新 推高通货膨胀，加重发展中国家的债务负担。美国企业和消费者也切实感受到滥施关税带来的痛感，美 国各界人士要求政府取消非理性关税措施的呼声强烈。 以负责任态度推动对话化解分歧，以战略定力守护核心利益，以开放包容汇聚合作动能。中国对中美经 贸谈判的态度清晰而坚定。历史也将再一次证明：惟有秉持相互尊重、和平共处、合作共赢的原则，才 能让谈判结出共赢之果。 《 人民日报 》（ 2025年05月10日 03 版） 谈，是化解分歧的必要之举，但指望一两次谈判解决问题并不现实。中方对谈判的复杂性有清醒认知。 中国古话讲"听其言而观其行"，诚意需要用行动丈量。美方想要通过谈判解决问题， ...

Core Insights - China's foreign trade shows strong resilience and growth potential despite global economic challenges, with exports increasing by 8.1% year-on-year and imports decreasing by 0.2%, leading to a trade surplus of $96.18 billion, up 33.6% [1] Group 1: Export Performance - The export structure is continuously optimizing, with steady growth in electromechanical and high-tech product exports, while labor-intensive product exports remain weak [1] - In April, electromechanical product exports reached $190.58 billion, with significant growth in integrated circuits, audio-video equipment, general machinery, LCD modules, and ships [1] - The shift in export product structure indicates the effectiveness of China's manufacturing transformation and upgrade, enhancing the technical content and added value of exported products [1] Group 2: Trade Diversification - China's trade relationships are diversifying, with stable imports and exports to major economies except for the U.S., where trade has been negatively impacted by "reciprocal tariffs" [2] - Exports to ASEAN, Central Asia, Latin America, and Africa have seen rapid growth, with double-digit increases, while exports to the EU and Japan remain stable [2] - Strengthening trade ties with ASEAN, Latin America, and Central Asia promotes a more balanced trade market and enhances China's foreign trade's risk resistance [2] Group 3: New Trade Dynamics - New productive forces are rapidly developing, fostering competitive enterprises in high-end, intelligent, and green manufacturing, which supports the transformation and upgrade of foreign trade [2] - The equipment manufacturing sector has seen significant growth, representing a substantial portion of foreign trade, while domestic brand exports are increasing in scale and share [2] - The "cross-border e-commerce + industrial belt" model is thriving, providing a broad platform for SMEs to enter international markets, with digital technology reshaping competitive advantages in foreign trade [2] Group 4: Future Outlook - China's foreign trade faces external challenges, including global economic uncertainty and trade protectionism, which may impact trade dynamics [3] - The "reciprocal tariffs" from the U.S. have led to a "rush to export" effect, with a decline in new export orders and purchasing indices in April, indicating weaker export expectations [3] - To mitigate the impact of reduced external demand, China has implemented various supportive policies for foreign trade enterprises, including tax reductions and improved business environments [3] Group 5: Trade Development Trends - Future foreign trade is expected to show a differentiated trend, with stable and accelerating trade with closely linked economies, while others may experience slow growth due to global economic slowdown or trade protectionism [4] - High-tech products and key components are likely to maintain stable growth, while traditional low-value-added industrial and labor-intensive products are more susceptible to external influences [4] - Enterprises with strong technological reserves and international competitiveness may accelerate their globalization efforts, while SMEs reliant on external markets should actively seek transformation [4]

据日本广播协会网站近期报道，围绕美国的关税措施，日本首相石破茂在民营电视台节目中表示，绝对不能接受对汽车 等加征关税，并反复强调要力争以符合日美双方国家利益的方式达成协议。 石破茂（资料图） 4月初，美国政府宣布对所有贸易伙伴征收新关税。其中东南亚国家柬埔寨、老挝和越南分别面临49%、48%、46%的关 税，属于美国所有贸易伙伴中的最高水平。《日经亚洲评论》称，如果"对等关税"实际启动，将给依赖出口的东南亚经 济体带来沉重打击。就在这一背景下，美国贸易代表办公室（USTR）日前还将越南、柬埔寨、孟加拉国、肯尼亚、中 国、印度和欧盟等列为"造成贸易体系失衡的经济体"，称其损害了美国纺织和服装行业。声明表示，与会官员们重申"坚 定维护多边主义，支持以WTO为核心、基于规则、非歧视、自由、公平、开放、包容、平等和透明的多边贸易体系"。日 本共同社称，该声明对有可能给亚洲地区经济造成较大打击的美政府关税政策进行制约，鲜明展现了团结一致推进自由 贸易的姿态。 日本经济在外人来看可能会觉得是多种经济体系并存，但其实支撑日本产业的中流砥柱还是日本汽车产业。数据显示， 去年日本对美国汽车出口超过400亿美元，在出口美国的占比 ...

日本经济在外人来看可能会觉得是多种经济体系并存，但其实支撑日本产业的中流砥柱还是日本汽车产业。数据显示， 去年日本对美国汽车出口超过400亿美元，在出口美国的占比中高达30%，更关键的是，日本汽车产业养活了全国十分之 一的就业人口。结果特朗普一纸令下，直接给日本汽车加了25%的关税，最严重的后果就是日本对美国出口直接腰斩， 工厂关停，工人失业，整个汽车行业一落千丈。这种情况下，就算日本再亲美，也不会拿自己的命脉当筹码。并且石破 茂急需为7月选举给自己拉票，正赶上特朗普向日本施压，给石破茂创造了绝佳机会，从他两次强硬表态后，支持率上升 就能看出，他对美国强硬，不只是为了日本经济，更是为了选票。 贸易（资料图） 美国对日本的贸易政策，宛如一把悬在头顶的达摩克利斯之剑，始终影响着日美关系的走向。特朗普政府为了追求所谓 的"美国优先"，对日本汽车挥起了加征25%关税的大棒。据相关资料显示，日本汽车产业是其经济的重要支柱，去年日本 对美国汽车出口超过400亿美元，占出口美国的占比高达30%，更关键的是，日本汽车产业养活了全国十分之一的就业人 口。特朗普的这一决策，让日本汽车产业遭受了毁灭性打击，对美出口直接腰斩，大量工 ...

Core Points - The U.S. Department of Commerce announced an anti-dumping duty of 477.97% on thermoformed molded fiber products produced in China, alongside a countervailing duty investigation [1][2] - Vietnam also faces anti-dumping duties, with rates ranging from 0.76% to 211.6% [1] - This action follows a previous announcement on April 22 regarding anti-dumping and countervailing duties on crystalline silicon photovoltaic cells from several Southeast Asian countries [2] Company and Industry Summary - The anti-dumping duties target Chinese manufacturing and export industries, as indicated by the list of companies affected [2] - The final decision on the anti-dumping duties for the products from China and Vietnam is expected to be implemented by September 8, 2023, pending a ruling from the U.S. International Trade Commission (ITC) [2] - The investigation was initiated by U.S. companies and industry associations, including Genera and Tellus Products, LLC, as well as the AFL-CIO [2]

IIF每季度发布一次《全球债务监测》报告。对世界各国的家庭、企业、政府和金融机构所背 负的债务进行统计与分析。全球债务余额相较于2024年3月（313万亿美元）增长了4％。 资料图 中国的政府债务明显增加。截至2025年3月，中国政府债务与GDP之比为93％。在新冠疫情前的 2019年，这一比例不到6成。据称，到2025年底预计这一比例将达到100％…… 全球的债务余额持续增加。 国际金融协会（IIF）5月6日发布的报告显示，截至2025年3月全球债务 已膨胀至324万亿美元，创出历史新高。 中国的政府债务明显增加。 以中美为首，在全球保护主义 加剧的情况下，由于防卫费用增加等原因，债务的增加压力备受关注。 IIF还表达了对美国政府债务增加的担忧。关税以及美国政府效率部（DOGE）削减开支的举 措无法为大规模减税提供资金来源，预计美国国债的发行量将急剧增加。IIF同时补充指出， 金融市场存在波动性进一步升高的风险。 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 截至2025年3月，中国政府债务与国内生产总值（GDP）之比为93 ...

5月6-8日，2025年二十国集团(G20)贸易投资工作组第二次会议在南非开普敦线下举行。会议专门增设 有关议程，G20成员和相关国际组织围绕应对当前全球贸易挑战、面向未来的贸易议程等进行讨论。中 方在会上表示，美国政府以"对等"为名，滥施关税大棒，是典型的单边主义、保护主义和经济霸凌行 径，严重破坏以规则为基础的多边贸易体制和国际经贸秩序。美方应正视国际经贸规则、公平正义和各 界理性声音，纠正错误做法，在平等、尊重、互惠的基础上解决各方关切。中国将坚定不移扩大高水平 对外开放，推动建设普惠包容的经济全球化。(商务部) ...