| 日期 | comex白银库存量(吨) | 增持/减持（吨） | | --- | --- | --- | | 2026-01-21 | 13135.43 | -129.48 | | 2026-01-20 | 13264.91 | -83.36 | 【要闻回顾】 欧盟执行副主席特蕾莎·里贝拉表示，如果美国总统特朗普兑现其提高关税或吞并格陵兰岛的威胁，欧 盟不应"放弃任何可能对捍卫自身利益所必需的东西"。 1月21日，COMEX白银库存录得13135.43吨，较上一日减少129.48吨；comex白银周三（1月21日）收报 92.38美元/盎司，下跌1.91%，comex白银价格日内最高上探至95.53美元/盎司，最低触及90.15美元/盎 司。 最新comex白银库存数据： 负责欧盟气候和竞争政策的里贝拉称，缓和局势至关重要。但她也表示，欧盟应该做好准备，在"出现 报复性措施"的情况下采取进一步措施。 ...

Group 1: Economic Impact - The actual tariff levels in the U.S. reached the highest in nearly a century during Trump's second term, leading to increased uncertainty in global trade [1][2] - The U.S. soybean growers expressed concerns over escalating tariffs on China, hoping for a new trade agreement to protect their market [3] - Small retailers are forced to raise prices due to the burden of additional tariffs, which has not resulted in the expected economic restructuring [2][3] Group 2: Military Actions - Trump’s administration conducted military strikes in seven countries, with at least 626 airstrikes, significantly exceeding the data from Biden's four-year term [3][4] - The administration's military interventions are seen as contradictory to Trump's earlier claims of ending endless wars, impacting his political legacy negatively [3][4] Group 3: Public Sentiment - Trump's approval rating dropped from 47% to 36% within a year, marking the lowest first-year approval rating for any U.S. president since modern polling began [5] - A significant portion of the public views Trump's first year as a failure, with 58% expressing dissatisfaction with his presidency [5] - Trust in the federal government to make correct decisions has plummeted to 17%, the lowest since 1960 [5] Group 4: Protests and Civil Unrest - Over 33,000 protests and gatherings occurred in the U.S. since January 2025, nearly four times the number during Trump's first term [7][8] - The protests were largely in response to aggressive immigration policies and federal actions, indicating a rise in civil unrest [7][8] Group 5: Government Shutdown - The U.S. government experienced a historic 43-day shutdown due to budget negotiations, affecting around 1.4 million federal employees and leading to significant public discontent [9] - During the shutdown, approximately 42 million people faced food assistance challenges, highlighting the impact on low-income populations [9] Group 6: Future Projections - Analysts predict that Trump's administration will increasingly focus on aggressive foreign policy, moving away from previous diplomatic approaches [10] - The shift towards a more violent and unilateral approach to U.S. foreign policy is expected to continue, undermining the established global order [10]

Core Viewpoint - Japan has recorded a trade deficit for the fifth consecutive year, with a significant decline in exports to the United States impacting overall trade performance [1] Group 1: Trade Deficit - In 2025, Japan's trade deficit reached 2.65 trillion yen (approximately 17.7 billion USD), marking the fifth consecutive year of deficit [1] - Japan's exports increased by 3.1% to 110.45 trillion yen, while imports grew by 0.3% to 113.10 trillion yen [1] Group 2: Exports to the United States - Exports to the United States fell by 4.1%, primarily due to the impact of U.S. tariff policies [1] - The total value of Japan's exports to the U.S. dropped to 20.41 trillion yen, representing the first decline in five years [1] - Japan's trade surplus with the U.S. decreased by 12.6% to 7.52 trillion yen [1]

Group 1 - Japan's total export value in 2025 is projected to grow by 3.1%, reaching a record high of 110.448 trillion yen, driven by increased exports of semiconductors and electronic components to Asia [2][4] - The trade balance shows a deficit of 2.6506 trillion yen, marking five consecutive years of deficits, although the deficit has decreased by 52.9% compared to the previous year [2] - Total imports are expected to rise by 0.3%, amounting to 113.0987 trillion yen, indicating that export growth outpaces import growth [4] Group 2 - Exports to the United States are anticipated to decline by 4.1%, falling to 20.414 trillion yen, with a corresponding decrease in trade surplus to 7.5214 trillion yen, down by 12.6% [5] - The decline in exports to the U.S. is influenced by tariff policies from the previous U.S. administration, leading to an 11.4% drop in automobile exports, which are now at 5.3409 trillion yen [5] - Exports to China have also decreased by 0.4%, totaling 18.7795 trillion yen, while imports from China have increased by 5.5%, reaching 26.6941 trillion yen, driven by higher imports of personal computers and smartphones [5]

【导读】日韩股市走高，现货白银跌超2% 中国基金报记者 李智 一起来看下日韩股市的最新情况。 韩国股市突破5000点 1月22日，韩国股市KOSPI指数涨超2%，再创历史新高，首次突破韩国总统李在明设立的 5000点目标。 | 首尔综合指数 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 指 HQ.KOSPI | | | | | | | | 5013.74 +103.81 +2.11% | | | | | | | | 01-22 08:28:30 | | | | | | | | 今开 4987.06 | | | 最高 5019.54 | | | | | 昨收 4909.93 | | | 最低 4985.69 | | | | | 分时 月K | 日K | 周Ｋ | | 室K | 更多, ◎ | | | 均价:5007.79 最新:5013.74 +103.81 +2.11% | | | | | | | | 201854 | | | | | | 2.23% | | 4909.93 | | | | | | 0.00% | | 4800.32 | ...

1月22日，韩国股市KOSPI指数涨超2%，再创历史新高，首次突破韩国总统李在明设立的5000点目标。 个股方面，三星电子、SK海力士和现代汽车对指数的贡献居前。过去一年来，KOSPI指数上涨超过90%。 | 名称 | 现价 | 涨跌幅 | 总 三 | | --- | --- | --- | --- | | 三星电子 | 155600 | 4.08% | 921.10万亿 | | 005930.KS | | | | | SK海力士 | 759000 | 2.57% | 552.55万亿 | | 000660.KS | | | | | 三星生物制剂 | 1796000 | -4.11% | 127.83万亿 | | 207940.KS | | | | | 现代汽车 | 575000 | 4.74% | 117.74万亿 | | 005380.KS | | | | | LG新能源 | 412000 | 4.44% | 96.41万亿 | | 373220.KS | | | | | 起亚汽车 | 173400 | 0.76% | 68.96万亿 | | 000270.KS | | | | 消息面上，韩国经济在202 ...

滥施关税扭曲全球资源配置，让发展中国家数十亿民众不得不为被抬高的生活成本买单。全球南方国家 的工业化进程正面临关税压力。印度纺织业者面对美国高额关税威胁时，不得不考虑将生产基地进行迁 移；南非钢铁制造商因美国关税条款失去关键市场，将导致工业化战略受挫。这些案例揭示了一个现 实：关税已成为发达国家遏制后发国家产业升级、维持其经济霸权的手段。普通民众承受着最直接的代 价。耶鲁大学预算实验室报告显示，美国政府实施新一轮关税措施将导致其国内物价水平短期内上涨 1.8%，相当于平均每户家庭损失2400美元。 面对系统性压力，发展中国家展现出具有韧性的发展策略，例如通过区域内自贸协定加强内部融通。全 球南方国家并不寻求特殊优待，而是要求打破结构性歧视，建立真正体现互惠原则的贸易框架，既允许 后来者在价值链上实现攀升，也能助力先发国家获得持续增长的新动能。21世纪的贸易治理需要超越零 和思维，建立基于平等发展权利的新型贸易规则。 在全球产业链复杂交织的今天，任何国家都无法独善其身。各方携手建立公平、包容、可持续的全球贸 易体系，不仅是道义要求，更是实现共同繁荣的必由之路。 （作者为南非外交学会会长、南非《外交》杂志主编 克 ...

当地时间1月21日，美股三大指数全线收涨。美股大型科技股多数走高，中概股表现活跃。 当地时间1月21日，美元指数小幅上行，国际油价小幅攀升。伦敦金现货盘中最高触及4888.43美元/盎司，COMEX黄金盘中最高触及4891.1美元/盎司。伦 敦银现货、COMEX白银下跌。 消息面上，据新华社报道，美国总统特朗普1月21日在社交媒体发文称，他已经同北约秘书长吕特就未来达成有关格陵兰岛的协议制定了框架，因此不会 实施原定于2月1日生效、对欧洲8国加征关税的措施。 美股三大指数齐涨 截至当地时间1月21日收盘，美国三大股指全线上涨。数据显示，道指涨1.21%，标普500指数涨1.16%，纳指涨1.18%。 美国大型科技股多数上涨，美国科技七巨头指数上涨0.98%。特斯拉、英伟达均涨超2%，谷歌涨近2%，META涨超1%，苹果涨0.39%，亚马逊涨0.13%， 微软跌超2%。 特朗普称已就格陵兰岛制定协议框架 不会对欧洲加征关税 据新华社报道，美国总统特朗普1月21日在社交媒体发文称，他已经同北约秘书长吕特就未来达成有关格陵兰岛的协议制定了框架，因此不会实施原定于2 月1日生效、对欧洲8国加征关税的措施。 特朗普当天 ...

President Donald Trump has openly used tariffs and the threat of tariffs to negotiate deals in the past, but his latest tariff threats could prove costly to car buyers seeking European luxury. Last July, three months after he first announced his universal "Liberation Day" tariffs, the president posted that Japan had "agreed to buy billions of dollars worth of military and other equipment, and give us 90% of 550 billion dollars — and more!” after the two countries agreed to a deal that lowered U.S. automot ...

Core Viewpoint - The article discusses President Trump's first year in office, highlighting his claims of significant achievements and addressing various controversial issues such as immigration enforcement, tariffs, Greenland, and the establishment of a "Peace Committee" [3]. Immigration Enforcement - The number of immigrant deaths in custody reached a 20-year high in 2025, with the recent death of a U.S. citizen during an ICE operation igniting nationwide protests against immigration enforcement [6]. - Trump acknowledged that there are "good people" among illegal immigrants but emphasized the need to deport criminals, despite reports indicating that non-criminals are also being detained [6]. Tariffs - Trump defended the legality of imposing tariffs using emergency powers, stating that the relevant legal provisions are clear, although he expressed uncertainty about potential Supreme Court rulings on the matter [9]. - Following lower court rulings against his tariff policies, the Trump administration has appealed to the Supreme Court [9]. Greenland - Trump mentioned that he has scheduled multiple meetings regarding Greenland at the upcoming World Economic Forum, asserting that progress is being made, although he did not confirm a G7 emergency summit on the matter [12]. - The discussion around Greenland has raised concerns about NATO's stability, with Trump suggesting that a satisfactory solution will be found for both the U.S. and NATO [12]. Peace Committee - Trump announced the formation of a "Peace Committee" aimed at addressing conflicts, starting with the Gaza issue, and indicated that it could potentially replace the United Nations [15]. - The U.S. has reportedly offered $1 billion for permanent membership in this committee, which some analysts believe could undermine the authority and mechanisms of the United Nations [15].