Core Points - The trade negotiations between the US and EU are at a critical juncture, with the US extending the deadline for "reciprocal tariffs" from July 9 to August 1, but tensions remain high [1] - The US is using tariffs as a pressure tool, demanding economic and regulatory concessions from the EU, while the EU struggles to balance a "principled agreement" with protecting its core interests [1][2] - The EU is considering countermeasures, including a plan to impose tariffs on US imports worth €21 billion, with a potential maximum tariff of 50% [2] Group 1: US Negotiation Strategy - The US has imposed a 10% base tariff on imports since early 2025 and plans to impose tariffs ranging from 25% to 40% on products from 14 countries starting August 1 [2] - The US aims for the EU to import more products from the US, such as natural gas, cars, and military equipment, while opposing EU consumer and climate protection regulations [2][3] - The US believes that certain EU taxes and antitrust actions against US tech companies are unfair [2] Group 2: EU Response and Internal Dynamics - The EU is firmly rejecting the US's demands for "reciprocal openness," particularly in technology regulation, fearing it would undermine internal regulatory unity [2][3] - There is a lack of consensus among EU member states, with Germany advocating for a swift agreement to protect its export industries, while Italy seeks to maintain good relations with the Trump administration [3][4] - France and Spain adopt a tougher stance, emphasizing the need to uphold European values and policies, while some Eastern European countries express concern over sacrificing their industries for EU unity [3] Group 3: Potential Outcomes and Implications - The EU may accept a "principled framework agreement" with the US, maintaining a 10% tariff on most exports while negotiating specific tariff reductions in areas like automobiles [5] - Experts warn that such an arrangement may not resolve structural issues between the US and EU, with potential conflicts over digital service taxes and green subsidies remaining unresolved [5] - The negotiations reflect a shift in global trade governance, with bilateral negotiations gaining precedence over multilateralism, raising concerns about the EU's strategic autonomy and bargaining power in future trade discussions [5]

以前总统遭审判为由 特朗普将巴西关税税率大幅上调到50% 跟踪全球贸易动向 +订阅 金十数据7月10日讯，特朗普周三宣布，他计划对巴西征收50%的关税，部分原因是博索纳罗的遭遇， 这位巴西前总统被戏称为"巴西特朗普"。 特朗普在4月公布的所谓对等关税，巴西只面临最低10%的关 税。特朗普在最新的关税信函中告诉巴西现任总统卢拉，"巴西对待前总统博尔索纳罗的方式……是国 际耻辱。"特朗普一直激烈地为博索纳罗辩护，这位巴西前领导人面临密谋推翻2022年大选结果的指 控。"这场审判不应该进行，"特朗普补充道。特朗普还指责巴西政府"阴险地攻击自由选举和美国人的 基本言论自由权"，包括审查"美国社交媒体平台"。特朗普称与巴西的关系远非互惠互利，并总结 道："请理解，50%远远低于我们与贵国必须拥有的公平竞争环境所需的数字。" ...

Group 1 - The U.S. will impose new tariffs on products from several countries starting August 1, 2025, with rates of 25% for Brunei and Moldova, 30% for Algeria, Iraq, and Libya, and 20% for the Philippines [1][2] - The Philippines is the only country among the seven mentioned that is in the top 50 U.S. trading partners, exporting approximately $14.1 billion worth of goods to the U.S. last year, including electronics, auto parts, and textiles [2][4] - The total import value from the other six countries combined was less than $15 billion, with Iraq accounting for about half of that amount [4] Group 2 - Following the announcement of new tariffs, the Brazilian real hit a monthly low, with the USD/BRL exchange rate rising to over 5.4960 [6] - Trump indicated that the tariff rates were determined based on common sense, trade deficits, and historical data [5] - The new tariffs will be independent of any industry-specific tariffs, and companies from these countries can avoid tariffs by manufacturing in the U.S. [11]

Group 1 - The article discusses the recent increase in tariffs announced by Trump for 14 countries, effective August 1, which is close to the reciprocal tariffs from early April [1][14] - As of May, the average tariff rate in the U.S. was 7.4%, with specific rates for countries such as China (38.6%), Japan (9.3%), and the UK (6.2%) [2][15] - The U.S. may adopt a strategy of sending tariff increase notifications in batches to exert targeted pressure during negotiations [2][15] Group 2 - Trade negotiations between the U.S. and Japan have reached a stalemate, particularly over issues related to automobile tariffs, while discussions with Mexico are nearing an agreement [3][16] - The EU aims for a limited framework agreement with the U.S., maintaining a 10% baseline tariff but seeking reductions in tariffs on specific products [3][16] - If all tariffs take effect on August 1, the simple average tariff rate for the U.S. on these 14 countries will rise to 29%, only 4 percentage points lower than the initial reciprocal tariff rate of 33% [5][18] Group 3 - Trump's tariff strategy aims to achieve three goals: industrial protection, addressing twin deficits, and leveraging diplomacy, which may create internal contradictions [4][17] - The concept of reciprocal tariffs is viewed as discriminatory, with trade deficit size being a key consideration for determining baseline tariff levels [4][17] - Approximately 100 economies with smaller trade surpluses with the U.S. may face a 10% tariff, while 18 countries could see higher tariffs ranging from 20% to 70% if no agreements are reached [5][17]

Core Viewpoint - The article discusses the current state of the financial market, focusing on the balance of funds, interest rates, and the impact of recent economic data on market sentiment. Group 1: Market Conditions - The central bank conducted a 7-day reverse repurchase operation of 755 billion, with 985 billion maturing today, resulting in a net withdrawal of 230 billion [2] - The funding environment remains balanced and loose, with stable funding rates; DR001 is around 1.32% and DR007 is around 1.48% [2] - June inflation data was weak, leading to fluctuations in the stock market, which peaked and then retreated [3][4] Group 2: Interest Rates and Bond Market - The weighted average rates for various repos are as follows: RO01 at 1.38%, R007 at 1.50%, and R014 at 1.54%, with total transaction volume at approximately 82,256.73 billion [3] - The 10-year government bond yield opened at 1.6435% and fluctuated slightly, reflecting market reactions to economic data and external factors [4] - There were reports of a province reducing the investment scale in agricultural commercial banks' bonds, which contributed to a slight increase in interest rates [4][5] Group 3: Market Sentiment and Reactions - Market sentiment was stable in the bond market despite external pressures, with minor fluctuations in response to economic indicators [4] - The article mentions a "shame" felt by agricultural commercial banks regarding their lending capabilities and investment strategies, indicating a broader sentiment of distress within the sector [6][7]

年关税将带来1000亿美元 推文截图 特朗普贸然发函，激怒日本、东盟 据两名来自收到信函的国家的人士透露，当特朗普公布信函时，亚洲正处于深夜，且美方事先并未向各 国政府提前通知。Politico与六名现任外国官员、四名前官员以及其他知情人士的对话显示，他们对特 朗普发函的方式普遍感到愤怒。 其中一名政府官员表示："我们完全不知道他在发什么，寄给谁，或者怎么寄的。" 【文/观察者网 齐倩】"首先是震惊，其次是沮丧，然后是愤怒，"谈及对美国总统特朗普宣布对14国加 征关税的反应时，一名前日本官员用了三个词语予以形容。 据美国政治新闻网（Politico）7月8日报道，特朗普7日陆续公布了致14国的关税信函，其中10国来自亚 洲，并再次出言威胁。对于美国的亚洲贸易伙伴来说，特朗普贸然发函的举动，令他们感到沮丧和难以 置信。 此前，这些国家认为他们已经与美国进行了数月的真诚谈判，但现在来看，都是一厢情愿。 报道提及，白宫在与亚洲国家的贸易谈判中，特别施压他们"切断与中国的经济关系"。但这名前日本官 员表示，特朗普的关税"将把这些国家推向中国"。前美国驻缅甸大使也指出，特朗普此举恰恰证实了一 种在亚洲流传已久的说法，即 ...

隔夜，现货黄金下跌逾1%，盘中一度跌破3300美元关口，刷新逾一周低点至3287.06美元，收盘报3301.53美元。今日欧市盘中，黄金窄幅震荡，目前在 3303美元附近徘徊。 新高浪潮或正在酝酿！ 隔夜，美股三大指数收盘涨跌不一。截至收盘，道琼斯指数下跌0.37%，报收于44240.76点；标普500指数下跌0.07%，报收于6225.52点；纳斯达克综合指 数上涨0.03%，报20418.46点。 消息面上，特朗普发出威胁，涉及关税。 当地时间7月8日，美国总统特朗普在社交媒体平台"真实社交"上发文表示，根据7日发给各国的信函，以及接下来一段时间内将要发送的信函，关税将于 2025年8月1日开始实施，"该日期没有变化，以后也不会改变"。 特朗普4月2日宣布开征所谓"对等关税"，引发美国金融市场暴跌。在多方压力下，特朗普又在4月9日宣布暂缓对部分贸易对象征收高额"对等关税"90天， 但维持10%的"基准关税"。 7月7日，特朗普签署行政命令，延长所谓"对等关税"暂缓期，将实施时间从7月9日推迟到8月1日。 在特朗普发出上述关税威胁后，当地时间8日盘中，纽约期铜一度飙升超17%，最高触及5.8955美元/磅。 ...

Tariff Changes - On July 7, Trump announced an increase in tariffs for 14 countries, effective August 1, with rates close to the reciprocal tariffs from April[2] - As of May, the average tariff rate in the U.S. was 7.4%, with specific rates of 38.6% on China, 9.3% on Japan, and 6.2% on the UK[3] - If all tariffs take effect on August 1, the simple average tariff rate for the 14 countries will rise to 29%, only 4 percentage points lower than the initial reciprocal tariff rate of 33%[5] Trade Negotiations - U.S.-Japan trade talks are at an impasse, particularly over auto tariffs, with Japan seeking to eliminate a 25% tariff[4] - The EU has proposed a retaliatory tariff plan of €210 billion if no agreement is reached by July 14, while the U.S. insists on a 25% auto tariff[4] - The U.S. and Mexico are nearing an agreement to eliminate steel and aluminum tariffs, with negotiations ongoing[4] Economic Implications - The U.S. aims to achieve three goals through tariffs: industrial protection, reducing trade deficits, and leveraging diplomacy, which may create internal conflicts[4] - The trade deficit remains a key consideration for tariff levels, with around 100 countries facing a 10% tariff, accounting for about 5% of the U.S. trade deficit[5] - The U.S. economy shows signs of slowing, with unemployment potentially rising to 4.4-4.6%, necessitating close monitoring of tariff impacts[5] Risks - Potential escalation of geopolitical conflicts could disrupt global economic stability and inflation control efforts[7] - There is a risk of the U.S. economy slowing more than expected, particularly in employment and consumer spending[7] - The Federal Reserve may adopt a more hawkish stance if inflation remains resilient, affecting future interest rate decisions[7]

Group 1 - The core viewpoint of the articles revolves around the impact of U.S. trade policies, particularly the proposed tariffs by President Trump on Japan and other trade partners, which have led to fluctuations in currency exchange rates, particularly the USD/JPY [1][2] - Following Trump's announcement of a 25% tariff on Japan and other countries, the USD/JPY exchange rate rose to its highest point in over two weeks, indicating market reactions to trade tensions [1] - The ongoing trade negotiations between the U.S. and Japan are at an impasse, primarily due to Japan's reluctance to compromise on rice market protection, which is affecting the value of the yen [2] Group 2 - The Euro is holding steady against the dollar as the market speculates on the possibility of the EU receiving exemptions from U.S. tariffs, which could influence currency valuations [2] - Market expectations indicate that the Federal Reserve may lower interest rates twice before the end of the year, while the European Central Bank is only expected to lower rates once, affecting the relative strength of the euro against the dollar [3]

在周二超过1%的下跌后，金价在周三的亚洲交易中继续承受损失，未能从中国6月份的混合通胀数据中找到太多灵感。 周三数据显示，中国6月份的年消费者物价指数（CPI）上涨1%，而5月份下降0.1%。与此同时，国家的 生产者物价指数（PPI）在6月份同比下降3.6%，而 预期为-3.2%，前值为-3.3%。 投资者继续消化美国总统唐纳德·特朗普的关税谈判，关于可能的美国贸易协议的乐观情绪为 美元（USD）提供了一些支撑，限制了黄金价格的反弹尝试。 特朗普将"对等关税"的最后期限延长至8月1日，给予一些美国贸易伙伴更多的时间进行贸易谈判并达成协议。这一叙述继续推动美元上涨，损害了以美元计 价的金价。 今日Ultima Markets为您带来了 2025年7月9日的黄金深入分析。 · 金价在周三早盘舔舐伤口，突破区间向下。 · 贸易协议的乐观情绪和美联储预期的鹰派转变继续对无收益的金价施加压力。 · 金价在周二收于50日均线下方，日线RSI呈看跌状态。 金价在周三早盘徘徊于3300美元，舔舐伤口。交易者在等待新的贸易更新和美国联邦储备委员会（美联储）6月政策会议的会议纪要，以获取新的指引，因 而不愿意对这块贵金属进行新的 ...