Core Viewpoint - Japan is considering accepting U.S. tariff reductions instead of exemptions [1] Group 1 - The potential shift in Japan's trade policy may impact bilateral trade relations with the U.S. [1] - Acceptance of tariff reductions could lead to changes in import/export dynamics between Japan and the U.S. [1] - This decision may influence Japan's economic strategy and its position in global trade [1]

Core Viewpoint - Japan is considering accepting a reduction in U.S. tariffs instead of seeking an exemption, indicating a potential shift in trade strategy and relations with the U.S. [1] Group 1 - Japan's potential acceptance of U.S. tariff reductions could lead to changes in trade dynamics between the two countries [1] - This move may reflect Japan's willingness to engage in negotiations and adapt to U.S. trade policies [1] - The decision could impact various sectors in Japan, particularly those reliant on exports to the U.S. [1]

智通财经5月18日电，加拿大财政部长商鹏飞5月17日在社交媒体平台X发文称，加拿大此前对价值数百 亿美元美国商品加征的25%报复性关税中有7成仍然有效。他表示，出于健康和公共安全原因，加拿大 政府"暂时公开暂停对部分商品征收关税"。商鹏飞旨在回应加拿大保守党党魁博励治援引的一份牛津经 济研究院报告。报告称，在宣布对美关税报复措施后，加拿大政府对该国制造业、加工业、食品和饮料 包装业使用的产品，以及与医疗保健、公共安全和国家安全相关的项目实行为期六个月的关税豁免。此 外，汽车制造商也获得优惠，通用汽车等在加拿大从事生产的公司获准免关税进口一定数量汽车。报告 指出，这些豁免意味着加拿大对美国的新增关税税率"几乎为零"。 加拿大对美加征关税经豁免后已"接近零"？加财长澄清：7成报复性关税仍有效 ...

韩国贸易部长再次向美国贸易代表贾米森·格里尔请求豁免关税措施。 ...

韩元兑美元跌0.4%，韩国贸易部长称，仍寻求获得全面关税豁免，美国看起来执意想维持10%的基础关 税。 ...

Group 1 - The EU plans to impose higher tariffs on goods imported from Ukraine, significantly reducing the previously tariff-free import quotas for Ukrainian agricultural products [1] - Since the outbreak of the Russia-Ukraine conflict in 2022, the EU has maintained a tariff exemption policy for Ukrainian agricultural imports, but this is now being reconsidered due to complaints from agricultural organizations about unfair competition [1][3] - The EU is negotiating arrangements for after the current agreement expires in early June 2024, with a spokesperson indicating that transitional measures will be considered if negotiations are not completed by June 6 [1] Group 2 - The proposed transitional measures by the European Commission include splitting the current annual tariff-free quota into 12 monthly quotas to reduce total imports during the negotiation period [1] - The most affected categories include corn, sugar, honey, and poultry, with specific quota reductions such as corn from 4.7 million tons to 650,000 tons and poultry from 57,110 tons to 40,000 tons [1] - The EU's decision to increase tariffs is expected to negatively impact Ukraine's economy, with estimates suggesting a potential annual revenue loss of approximately 3.5 billion euros for Ukraine [3]

消息面上，贸易追踪机构Vizion公布的数据显示，在美国和中国互降关税之后，在美国下单的从中国到 美国的集装箱运输预订量飙升近300%。据新华财经报道，出海企业正抢抓90天关键"窗口期"，对90天 后贸易政策不确定性的担忧或许正催生新一轮"抢运潮"。不少货代公司负责人都表示，本周开始，大家 都在抢发货，市场节奏非常紧张，美线整体已经接近爆舱。高盛分析师Philip Sun表示，未来90天，中 国的出口将爆火。'抢先'将成为关键词"。 智通财经APP获悉，航运股再度活跃，截至发稿，中远海发(02866)涨4.59%，报1.14港元；太平洋航运 (02343)涨2.06%，报1.98港元；东方海外国际(00316)涨1.15%，报131.6港元；中远海控(01919)涨 0.14%，报13.98港元。 中信期货指出 ，近期市场围绕美线爆舱、货量短期爆发交易，当前美线运价已整体上行，市场形成共 识，上海洛杉矶线上报价日度涨幅达500美元/FEU左右。中期来看，90天关税豁免"窗口期"叠加圣诞备 货旺季或有望带动8月前货量美线走强。而在欧美航线联动效应方面，当前伴随美线船只回流，市场认 为欧线运力或有部分转向美线。欧 ...

新能源及有色金属日报 | 2025-05-14 期现：无 期权：卖出虚值看涨或熊市价差期权 碳酸锂现货：根据SMM数据，2025年5月8日电池级碳酸锂报价6.35-6.7万元/吨，较前一交易日下跌0.14万元/吨， 工业级碳酸锂报价6.31-6.41万元/吨，较前一交易日下跌0.14万元/吨。碳酸锂现货成交价格重心暂时维稳。根据SMM 调研，下游企业采购意愿较为薄弱，整体需求量级主要由客供及长协供应来满足。上游锂盐厂在成本亏损的压力 之下，挺价意愿表现得十分强烈。目前仅在贸易商与下游企业之间存在一定的成交情况。美国关税豁免90天，对 储能电池出口有利，中国储能电芯或许存在抢出口预期，从而带动对碳酸锂的需求量级提升。 策略 整体来看，现货成交重心下移，带动矿价下跌，整体过剩格局并未改变，当前成交仍以刚需为主。关税减免后短 期宏观情绪或好转，或盘面出现反弹，可逢高卖出套保。 单边：逢高卖出套保 跨期：无 矿价及锂盐价格重心下移，碳酸锂盘面偏弱运行 市场分析 2025年5月13日，碳酸锂主力合约2505开于64200元/吨，收于63220元/吨，当日收盘价较昨日结算价收跌0.82%。当 日成交量为217033手，持 ...

Export Performance - In April 2025, exports increased by 8.1% year-on-year, down from 12.4% in the previous month[3] - Traditional consumer goods exports showed a decline, with footwear, toys, luggage, and clothing down by -8.6%, -5.4%, -12.7%, and -1.5% respectively[5] - Mechanical and electrical products exports performed well, with a year-on-year growth of 8.3% in April 2025[5] Import Trends - Imports decreased by -0.2% year-on-year, a significant improvement from -4.3% in the previous month[3] - The decline in imports was narrowed by increased purchases of bulk commodities like soybeans and copper ore[5] - The import growth rate for certain mechanical and electrical products also increased[5] Trade Dynamics - Exports to ASEAN countries saw a remarkable increase of 20.8% year-on-year, while exports to the US fell sharply by -21%[5] - The proportion of tariff exemptions for exports to the US was approximately 27.1%, with 22.8% being tariff exemptions on electronics[5] - Indirect trade channels have shown resilience, with a potential offsetting ratio of 44.5% to 90% for trade losses with the US[5]

在中美贸易因为畸高的关税几乎陷入完全中断的状况下，首批被加征了145%关税的中国货船终于抵达了美国，缓解了部分美国市场的紧张情况，然而这对 于庞大的美国市场需求而言只是杯水车薪，很快美国民众将迎来商品又贵又缺货的日子。 01 美国进口因为关税政策受到重创 美国洛杉矶港的执行董事吉恩·塞罗卡日前透露消息，该港口的货运量相比较去年已经下降了35%，特别是从中国进口的货物数量已经降低了50%以上。在这 高昂的关税政策下，美国进口商并不愿意支付这笔额外的金钱，因此大批订单被直接取消，按预计本来该港口在这个月将有80艘船只，但现在已经有20%的 船只被取消，而下个月的航次中更是已经有13个被取消。 如果说支付关税的话，那么为了保证利润这些商品的价格就必须要翻倍，然而商品价格翻倍的话就根本卖不动，这就导致大量零售商更倾向于将商品储存在 仓库中并不愿意运往美国，在特朗普的这种关税政策下，洛杉矶港的进口量将继续下降，而洛杉矶港作为全美最大也是最繁忙的港口，它的货物进口量大幅 减少也意味着整个美国货物进口量的大幅减少。 按照特朗普的政策。在对中国征收145%关税之后，对中国香港和内地的"小额豁免"政策也在5月2日到期；目前第一 ...