Core Viewpoint - G20 officials express concerns over the impact of high tariffs imposed by the U.S. on the global economy [1] Group 1: Economic Impact - Senior finance officials from G20 countries worry about the uncertainty surrounding U.S. tariffs and their effects on the economy and financial markets [1] - Japan's Finance Minister, Taro Aso, stated that tariffs are not an appropriate tool for addressing trade imbalances [1]

Core Viewpoint - The Chilean Minister of Mining will hold a meeting with the copper industry next Tuesday to discuss issues related to U.S. tariffs [1] Group 1 - The meeting aims to address the impact of U.S. tariffs on the copper sector [1]

Core Viewpoint - Crude oil futures have stabilized after three days of slight declines, with limited downward pressure expected this week despite concerns over OPEC+ production increases and potential economic impacts from U.S. tariffs [1] Group 1: Market Analysis - The market is experiencing concerns regarding OPEC+ increasing supply and the potential economic impact of U.S. tariffs on demand [1] - Analyst Fawad Razaqzada suggests that while OPEC will release more supply into the market in the second half of the year, demand is not expected to be as poor as feared [1] - The oil price is anticipated to exhibit a sideways trading pattern for the remainder of the year rather than a clear trend [1]

Core Viewpoint - Brazil's Finance Minister Haddad expresses confidence in overcoming U.S. tariffs and is actively seeking a quick resolution to the issue [1] Group 1 - The Brazilian government is focused on addressing the challenges posed by U.S. tariffs [1] - Minister Haddad's statements indicate a proactive approach to trade negotiations [1] - The emphasis on a "quick solution" suggests urgency in addressing trade barriers [1]

Core Viewpoint - Volvo Cars reported its first quarterly loss since going public in 2021, primarily due to high restructuring costs and U.S. tariffs, with a significant one-time non-cash impairment charge of 11.4 billion Swedish Krona [1][5] Financial Performance - In Q2, Volvo Cars recorded an operating loss of 10 billion Swedish Krona, significantly below market expectations of a profit of 2.3 billion Swedish Krona [1][4] - Revenue decreased by 8% year-on-year to 93.5 billion Swedish Krona, driven by declining retail sales in markets like Europe [4] - Excluding one-time items, the core operating profit was 2.9 billion Swedish Krona, which, while down from 8 billion Krona year-on-year, exceeded analyst expectations [5] Strategic Adjustments - In response to U.S. tariffs, Volvo plans to start local production of its best-selling XC60 SUV at its South Carolina plant by the end of 2026 to mitigate high import duties [3][6] - The company is withdrawing sedans and station wagons from its U.S. product line due to reduced market interest and tariff impacts [6] - CEO Håkan Samuelsson emphasized the need to better utilize the South Carolina facility as a strategic asset and adapt the product strategy to the current tariff environment [6] Industry Context - Volvo's performance is seen as a bellwether for the automotive industry, which is facing challenges from macroeconomic conditions, tariff uncertainties, and increasing competition [6] - The company is also dealing with internal challenges, including delays in the launch of its flagship EX90 SUV and software issues, prompting a global workforce reduction of 3,000 employees to cut costs [6]

市场消息：巴西总统卢拉将于周四向全国发表关于美国关税的讲话。 ...

意大利商界领袖：美国关税达30%将对意大利经济造成375亿欧元的影响。 ...

Group 1 - Japan's manufacturing confidence has slightly improved in July, with the manufacturing sentiment index rising from +6 in June to +7 in July, driven by a recovery in the semiconductor industry [1] - The service sector sentiment index has remained unchanged at +30 for the third consecutive month, indicating stability in service industry confidence [1] - The electronic machinery sector index improved from -16 in June to -4 in July, while the chemical sector index rose from +12 to +18, attributed to better chip demand [1] Group 2 - The transportation machinery sector index, which includes Japan's key automotive industry, decreased from +20 in June to +9 in July, with concerns over the impact of a 25% U.S. tariff on exports and costs [1] - Overall service sector confidence showed mixed results, with wholesalers experiencing improved confidence, while sectors such as real estate, retail, IT, and transportation saw declines compared to June [1]

加拿大总理：美国关税可能会长期存在 金十数据7月16日讯，加拿大总理卡尼在接受《华尔街日报》采访时表示，美国的关税可能会长期存 在。目前有大量迹象表明，任何国家或地区想要通过谈判完全摆脱美国关税都十分困难。Forexlive分析 师表示，特朗普正在享受美元的流入，并希望当前的通胀只是暂时现象，而非持续性问题。因此，关税 降至零几乎不可能实现。从8月1日起，美国将对加拿大征收35%的关税。尽管可能还有一些谈判空间， 但预计最终的关税水平可能会落在10%-20%之间。特朗普希望企业能自行消化大部分关税成本，他认为 这些关税实际上就是在美国做生意所需缴纳的一种税。 ...

智利国家铜业委员会：智利委员会不知晓美国关税细节。 ...