Group 1 - The Canadian government announced the cancellation of the digital services tax originally set to take effect on June 30, in order to advance trade negotiations with the United States [1][3] - The digital services tax, proposed in 2020 and officially announced in June 2022, would have imposed a 3% tax on revenues of major tech companies like Amazon, Google, and Meta, retroactive to 2022 [3] - The initial payment for the tax was expected to exceed $2 billion for U.S. companies, which prompted U.S. President Trump to threaten to terminate all trade negotiations with Canada [3] Group 2 - Canada is the largest buyer of U.S. goods, with imports totaling $349 billion last year, while Canadian exports to the U.S. reached $413 billion, making Canada the third-largest source of U.S. imports [3] - The cancellation of the digital services tax is seen as a move to facilitate substantial progress in negotiations regarding the new economic and security relationship between Canada and the U.S. [3] - The U.S. government is also facing ongoing tariff adjustments, with President Trump indicating that he does not see the need to extend the 90-day grace period for tariffs set to expire on July 9 [4]

Group 1 - The core point of the article is that the EU is making efforts to reach a trade agreement with the US before the deadline of July 9, in order to avoid an escalation of the tariff war [1][3] - The EU is willing to accept a 10% baseline tariff on many products imported from the EU, in exchange for the US lowering tariffs on key industries such as pharmaceuticals, alcohol, semiconductors, and commercial aircraft [1][3] - The EU is also urging the US to provide quotas and exemptions to effectively reduce the 25% tariff on automobiles and auto parts, as well as the 50% tariff on steel and aluminum [1][3] Group 2 - Following the news of potential trade agreement optimism, the euro strengthened against the dollar, reaching a high of 1.1780, marking a 0.5% increase and the highest level since September 2021 [3] - EU Commission President Ursula von der Leyen expressed confidence in reaching an agreement before the deadline, indicating a shift in the attitude of EU leaders towards accepting some level of imbalance in the agreement to avoid escalating trade tensions [3][4] - The EU leaders, including German Chancellor Merkel and French President Macron, have shown varying degrees of support for a quick agreement, with Macron emphasizing the need for a "quick and pragmatic" deal without accepting imbalanced terms [4] Group 3 - There are concerns within the EU about a rushed agreement potentially leading to significant imbalances, where the deal may favor the US at the expense of the EU [5] - The EU's chief negotiator, Valdis Dombrovskis, is set to meet with US trade representatives to seek a fair import tariff agreement that provides more predictability for businesses [5][6] - The EU has denied any possibility of concessions in technology sector regulations during the trade negotiations, reaffirming that their legislative framework will not be altered based on third-country actions [5][6]

Core Viewpoint - Canada has decided to cancel its digital services tax to facilitate trade negotiations with the United States, aiming for an agreement by July 21, 2025 [1][3]. Group 1: Digital Services Tax Cancellation - The Canadian government announced the cancellation of the digital services tax, which was set to impose a 3% tax on revenues from tech companies providing services to Canadian users, effective from June 30 [1][3]. - The decision to cancel the tax is seen as a concession to the Trump administration, following pressure from Canadian business leaders and associations [3][4]. - The cancellation is expected to help establish a new economic and security relationship with the U.S. and create job opportunities for Canadians [3][4]. Group 2: Trade Negotiations Context - The trade dispute escalated quickly, with the U.S. halting negotiations after Canada announced the tax, leading to potential new tariffs on Canadian goods [1][3]. - The Canadian Business Council's CEO emphasized the need for Canada to propose a plan to cancel the tax in exchange for the U.S. lifting tariffs [4]. - Experts have criticized the Canadian government's approach, suggesting that the unilateral cancellation of the tax may not significantly impact the broader trade negotiations [4]. Group 3: Broader Trade Negotiation Challenges - Despite the cancellation of the digital services tax, U.S. trade negotiations with various partners, including the UK, have not progressed as expected, with only limited agreements reached [5]. - Ongoing investigations into tariffs on products like semiconductors and pharmaceuticals have created uncertainty in U.S. trade discussions with major partners [5]. - Legal disputes regarding the imposition of tariffs under the International Emergency Economic Powers Act have added further complexity to the trade landscape [5][6].

Group 1 - The core issue of the global trade war is the impending end of the 90-day suspension period for "reciprocal tariffs" announced by the Trump administration, which is set to expire on July 9 [3] - China's Ministry of Commerce has issued a strong warning against any party sacrificing Chinese interests for trade negotiations, indicating a firm stance in the ongoing discussions [3][5] - The focus of the current global trade situation is shifting towards geopolitical dynamics rather than just tariff negotiations, as the U.S. seeks to form an "anti-China alliance" with other countries [5] Group 2 - The European Union is experiencing internal divisions, with Germany proposing to accept a 10% "minimum baseline tariff" from the U.S., which raises questions about its role as the EU's economic engine [6][8] - French President Macron has taken a hardline stance, insisting on either zero tariffs or a trade war, reflecting the significant stakes for French agricultural exports [8] - The UK has already moved forward with a temporary agreement with the U.S., raising concerns about the implications and hidden clauses within this deal [8] Group 3 - Japan has surprisingly taken a strong position against the U.S. regarding tariffs, with its government demanding either zero tariffs or no negotiations, despite its significant automotive exports to the U.S. [9][11] - Japan is reportedly adjusting its strategy by leveraging its rare earth resources to negotiate for exemptions on automotive tariffs, indicating a complex trade maneuvering [11] - India is rapidly advancing negotiations with the U.S., potentially at the risk of becoming a tool for U.S. interests in Asia, which could have significant implications for the global trade landscape [13][14]

美国财政部长贝森特（Scott Bessent）对上述时间表没有一定要遵守的意思，称"许多国家前来接洽、提出非常好的方 案"，但或许无法全部赶在特朗普政府对等关税预定生效的期限前敲定贸易协议。 美国商务部长卢特尼克（Howard Lutnick）于当地时间6月26日曾表示，7月对等关税暂停截止日前，美国大约会跟十 大经济体签署关税协议。 6月30日消息，随着美国对等关税暂停的时间期限即将到来，未与美国达成关税协议的国家和地区将面临重新开征对 等关税。据彭博社引述未具名消息人士报导称，美国即将与中国台湾、印度尼西亚等部分贸易伙伴达成关税协议，此 外美国也有望与越南、韩国、印度敲定关税协议。 报导称，包括日本、印度与欧盟在内的部分贸易伙伴，因为不知道自己出口的芯片、药物及商业飞机会被分别加征多 重的关税而不敢贸然签协议。美国商务部即将在接下来几周公布这些产业的调查结果，并借此开征关税。 不过，据India Today报导，印度与美国间的贸易协议，有望于7月8日公布，所有的条款双方都已有共识。印度首席谈 判代表亚格拉沃（Rajesh Agrawal）率领的团队也已经抵达美国华盛顿，负责敲定目前这分贸易协议的最终版。 ...

Core Viewpoint - The U.S. Treasury Secretary, Janet Yellen, is currently engaged in negotiations regarding reciprocal tariffs and is awaiting developments related to Section 232 [1] Group 1 - The ongoing discussions focus on establishing equal tariffs between the U.S. and its trading partners [1] - The outcome of these negotiations may have significant implications for trade policies and economic relations [1] - The reference to Section 232 indicates potential adjustments in tariffs related to national security concerns [1]

Core Viewpoint - The Taiwanese financial market is experiencing significant volatility, with the stock market and currency both facing sharp declines due to intervention by regulatory authorities and external pressures [1][4]. Group 1: Stock Market Performance - On June 30, the Taiwan Weighted Index fell sharply by 1.44%, closing down over 324.06 points, with a trading volume of approximately 354.2 billion TWD [3][4]. - The index has breached the annual line of 22,263 points, indicating a bearish trend, and exhibited a notable sell-off towards the end of the trading session [3][4]. - Foreign investors sold a net of 4.534 billion TWD in the market, contributing to the downward pressure on the stock index [3]. Group 2: Currency Market Dynamics - The New Taiwan Dollar (TWD) experienced a significant depreciation, dropping 2.5% to 29.895 against the USD, marking the largest intraday decline since May 2001 [1][4]. - The Taiwanese authorities intervened in the foreign exchange market, buying USD to counteract the TWD's strength, which had been a concern for the local market [1][4]. - The TWD has appreciated over 10% against the USD this year, with a record single-day increase not seen since 1980, leading to speculation and pressure on exports [4]. Group 3: Regulatory Actions and Market Sentiment - Taiwanese authorities have implemented measures to limit foreign speculative investments in reverse ETFs, capping foreign holdings at 30% of the total issuance [4]. - There is a growing concern among analysts regarding the potential impact of U.S. economic policies, such as the "equal tariff" and Federal Reserve interest rate decisions, on the Taiwanese market [4][6]. - The foreign short positions in Taiwan stock index futures have reached a historical high of 53,159 contracts, indicating a bearish sentiment among foreign investors [6].

加美两国围绕数字服务税的争端在数日内快速升级。 据央视新闻，当地时间6月29日，加拿大财政部在一份声明中表示，加拿大已取消数字服务税，以推进 与美国的贸易谈判。 该声明还表示，加拿大总理卡尼和美国总统特朗普将恢复贸易谈判，以期在7月21日之前达成协议。加 拿大财政部部长商鹏飞将很快提出立法，废除《数字服务税法》。 加美两国围绕数字服务税的争端在数日内快速升级。当地时间6月26日，商鹏飞表示不会推迟向科技公 司征收数字服务税的计划。27日，特朗普宣布，因加拿大对美国科技公司征收数字服务税，美国将停止 与加拿大的所有贸易谈判，并将很快宣布对加拿大的新关税税率。同一天，美国财长贝森特表示，美国 政府或将对加拿大征收的数字服务税发起"301调查"。 加拿大数字服务税自去年6月起实施，但首批税款将从6月30日开始收缴。根据计划，加拿大政府将针对 科技公司向加拿大用户提供数字服务或出售加拿大用户数据的收入征收3%的税，并追溯至相关公司 2022年的收入。这意味着符合征税标准的美国公司在7月底前将面临20亿美元的税款。而美国政府一直 对此持反对态度。 卡尼在声明中表示，"今天的声明将有助于重启谈判，以实现本月七国集团（G7 ...

Group 1 - In the first half of 2025, the RMB to USD exchange rate experienced a cumulative appreciation of over 1.82%, with a closing rate of 7.1656 on June 30 [1] - The lowest point of the RMB to USD exchange rate was 7.3506 on April 9, while the highest point was 7.1565 on June 26, resulting in a fluctuation range of 2.6% for the first half of the year [1] - The report from Industrial Bank Research indicates that the "Trump trade" affecting the USD exchange rate continued until January 2025, followed by a decrease in the USD to RMB central rate due to the lack of announced tariff measures [1] Group 2 - In June, the RMB to USD exchange rate appreciated by 0.4%, marking two consecutive months of strengthening [2] - The macro team at CITIC Securities noted that the RMB exchange rate exhibited characteristics of "low volatility and resilience" amid a weaker USD, with the USD to RMB exchange rate remaining stable within the 7.17-7.18 range [2] - The People's Bank of China emphasized the need to enhance the resilience of the foreign exchange market and stabilize market expectations, indicating a marginally more relaxed stance compared to the previous quarter [2] Group 3 - Looking ahead to the second half of 2025, the USD to RMB exchange rate is expected to show a fluctuating trend, with strong resistance/support levels at the previous high of 7.35 and the low of 7.00 from 2024 [3]

6月底日本一项最新民意调查结果显示，首相石破茂领导的内阁支持率为24%，已连续4个月低于30%。 在日本3年一度的国会参议院改选还剩不到1个月的时间，对于日本首相石破茂而言，利空消息频频出 现。 最新让石破茂政府陷入争议的是他领导的内阁成立半年多来所花费的超过6亿日元的"机密费"。由于该 费用无须对外公开具体的用途，因此这笔资金的去向成为外界关注。当前日本在野党已就最新公布 的"机密费"开支情况向石破茂政府发难。 上周，日本政府举行内阁会议，决定参议院选举将于7月3日发布公告，并在7月20日进行投票。据央视 新闻报道，29日，日本一项最新民意调查结果显示，首相石破茂领导的内阁支持率为24%，已连续4个 月低于30%。在日本政坛，内阁支持率低于30%会被舆论视为进入"危险水域"；如果进一步跌破20%， 就被视为陷入"下台水域"。 6月底的东京都议会选举结果显示，自民党失去了在该议会第一大党的地位，仅仅获得21个席位，创下 该党在东京都议会选举最低纪录。这一选举通常被视为参议院选举的"前哨战"和"风向标"。 据央视新闻报道，25日，陷入自民党派阀"黑金丑闻"的原"安倍派"向日本总务大臣提交了政治团体解散 报告，于 ...