Core Points - The U.S. has announced a 30% tariff on goods imported from the EU and Mexico starting August 1, escalating trade tensions with these key partners [1][3][5] - Both the EU and Mexico have expressed strong opposition to the tariffs, labeling them as unfair and threatening to retaliate [3][4][5] - The tariffs are seen as a significant disruption to global trade and have raised concerns about economic uncertainty and the potential for increased inflation and reduced investment in Mexico [4][9] Summary by Category U.S. Trade Policy - President Trump has utilized tariffs as a primary economic leverage tool, with recent announcements targeting the EU and Mexico specifically [4][7] - The U.S. government has indicated that these tariffs are part of a broader strategy to compel other nations to make concessions in trade negotiations [9] EU Response - The EU is actively seeking to negotiate an agreement before the tariffs take effect, with officials stating that the tariffs would disrupt transatlantic supply chains and harm businesses and consumers on both sides [5][6] - European leaders have criticized the U.S. approach as arrogant and disrespectful, emphasizing the need to protect European interests [5][6] Mexico's Position - Mexico's government has labeled the U.S. tariffs as an unfair action and has been engaged in negotiations to address U.S. concerns regarding border security and trade imbalances [3][4] - The potential economic impact on Mexico is significant, with projections indicating a possible 0.6% reduction in GDP by 2025 due to U.S. tariffs [4] Global Trade Dynamics - The uncertainty created by U.S. trade policies is prompting countries to seek diversification away from reliance on the U.S. market, with nations like Canada and members of the EU exploring closer trade ties with other regions [9] - Analysts suggest that the current U.S. trade strategy may lead to a reconfiguration of global trade relationships, as countries adapt to the unpredictability of U.S. policies [9]

日前美国宣布将对从欧盟、墨西哥进口的商品分别征收30%关税。美国彼得森国际经济研究所高级研究 员玛丽·洛夫莉表示，美国追求的并非是双赢的协议，而是希望通过向贸易伙伴施压，确保自己得到更 多利益。（央视） ...

3. 称自己是美国救世主——当地时间7月12日，美国总统特朗普在福克斯新闻频道的独家专访中，当被 主持人——其儿媳劳拉·特朗普问及希望以何种形象载入史册时，特朗普毫不迟疑地给出了震撼性回 答："必须承认，我就是那个拯救美国的人。" 4. 据哥伦比亚广播公司：特朗普考虑为乌克兰提供资金。 金十数据整理：特朗普过去24小时都忙了什么？（2025-07-13） 1. 美国总统特朗普表示，从8月1日起，对墨西哥、欧盟输美商品征收30%关税。 2. 捍卫其贸易政策——在接受福克斯新闻采访时，美国总统特朗普捍卫其对外国贸易伙伴征收关税的决 定。特朗普认为美国被"占便宜"太久了，他把自己的国家放在第一位。 5. 特朗普在帖文中表示，"没有人关心"爱泼斯坦，绝不能在案子上浪费更多时间或精力。 ...

Investment Rating - The report maintains a "Buy" rating for the industry, highlighting several companies as key investment opportunities [5][6]. Core Views - The report emphasizes the impact of the U.S. increasing copper import tariffs, which is expected to create a divergence in copper prices between COMEX and LME, while domestic policies are expected to support industrial metal prices [2][4]. - The report expresses optimism regarding the recovery of lithium prices due to improved demand expectations and the ongoing shortage of cobalt, which is anticipated to drive cobalt prices higher [3]. - The report notes the uncertainty surrounding U.S. tariffs but remains bullish on gold prices in the long term, driven by central bank purchases and weakening U.S. dollar credit [4]. Summary by Sections Industrial Metals - The U.S. plans to raise copper import tariffs to 50%, leading to a significant increase in COMEX copper prices while negatively impacting LME and domestic copper prices [2]. - Domestic copper smelting enterprises have seen an increase in operating rates, driven by the tariff announcement, which has stimulated downstream purchasing [2]. - Aluminum production capacity has slightly decreased, and domestic aluminum social inventory has shifted from accumulation to reduction, supporting aluminum prices [2][20]. Energy Metals - Lithium prices are expected to recover due to improved production expectations in the new energy sector, despite ongoing supply pressures [3]. - Cobalt prices are projected to rise due to a shortage of raw materials, exacerbated by delays in policies from the Democratic Republic of Congo [3]. - Nickel prices are expected to stabilize in the short term, with some nickel salt manufacturers planning to reduce or halt production due to weak demand [3]. Precious Metals - The uncertainty surrounding U.S. tariffs continues, but silver prices have reached new highs, and gold prices are expected to trend upward in the long term [4]. - The report highlights several companies in the precious metals sector as key investment opportunities, including Shandong Gold and Zijin Mining [4][5]. Company Profit Forecasts and Valuations - The report provides detailed earnings per share (EPS) forecasts and price-to-earnings (PE) ratios for various companies, all rated as "Recommended" for investment [5]. - Key companies highlighted include Zijin Mining, Luoyang Molybdenum, and China Nonferrous Mining, with projected EPS growth and favorable PE ratios [5].

Core Viewpoint - The article discusses the implications of President Trump's announcement to impose a 30% tariff on goods imported from the EU and Mexico starting August 1, 2025, highlighting the potential backlash and economic consequences for American consumers and international trade relations [1][4][24]. Group 1: Tariff Announcement and Reactions - President Trump issued letters to the leaders of Mexico and the EU, stating that a 30% tariff will be imposed on their goods starting August 1, 2025 [4][6]. - The EU has expressed readiness to retaliate if necessary, emphasizing that the tariffs would disrupt important supply chains and harm both businesses and consumers on both sides of the Atlantic [9][11]. - Various European leaders, including French President Macron and Dutch Prime Minister Rutte, have condemned the tariff decision, calling for unity and negotiation to protect European interests [16][17]. Group 2: Economic Impact and Consumer Burden - The tariffs are expected to lead to increased costs for American consumers, as many essential goods are imported, which could raise living expenses [26][29]. - The termination of the "tomato agreement" with Mexico will result in a 17% tariff on Mexican tomatoes, potentially increasing prices for consumers and affecting employment related to tomato imports [27][28]. - The imposition of tariffs on Brazilian goods could lead to significant price hikes for popular food items in the U.S., such as coffee and orange juice, further burdening consumers [27][29].

来源：央视新闻 美国总统特朗普12日发出两封关税威胁信函，称自8月1日起对从欧盟、墨西哥进口的商品分别征 收30%关税。美国最大的贸易伙伴欧盟当即表示，必要时会予以反制。 至此，特朗普已对24个国家和27个欧盟成员国发布了关税条件。分析称，这些信件引发的贸易动 荡，最终都会让美国消费者被迫买单。 再挥关税大棒 直指欧盟、墨西哥 7月12日，美国总统特朗普在社交媒体平台"真实社交"上发布致墨西哥总统辛鲍姆和欧盟委员会 主席冯德莱恩的信件，宣布 自2025年8月1日起，美国将对来自墨西哥和欧盟的输美产品分别征 收30%的关税 。 特朗普宣称，墨西哥未能阻止芬太尼等进入美国，在配合美国阻止非法移民进入美国方面也做得 不够；欧盟的关税和非关税贸易壁垒导致美国出现对欧巨额贸易逆差，双方关系"远非互惠互 利"。 信中措辞与过去一周发给其他国家领导人的信基本一致，包括警告对方不要对此次加税进行报 复、鼓励对方企业迁入美国、如对方积极配合可能对税率进行调整等。 欧盟努力谈判 必要时将反制 冯德莱恩：必要时将采取反制措施 欧盟委员会主席冯德莱恩12日发表声明说，欧盟注意到美国总统特朗普发来的一封信，信中概述 了修订后的关税税率 ...

Group 1 - The meeting between U.S. Secretary of State Rubio and Chinese Foreign Minister Wang Yi in Kuala Lumpur is significant due to Rubio's previous sanctions by China, highlighting the complexities of U.S.-China relations [1][3] - The U.S. has announced high tariffs of 25%-40% on 14 countries, including six ASEAN nations, which casts a shadow over the ASEAN meetings focused on regional cooperation [1][3] - The geopolitical landscape is shifting as Southeast Asian countries are exploring alternatives, such as Vietnam's application to join BRICS and Singapore's expansion of digital RMB settlements, indicating a potential pivot away from U.S. influence [3][5] Group 2 - Trade policy is a central issue in the discussions, with the U.S. signaling unilateralism that creates uncertainty in global trade, particularly affecting industries reliant on Chinese exports [3][5] - Sovereignty issues, particularly regarding Taiwan and the South China Sea, are expected to be contentious topics, with China reaffirming its stance on the "One China Principle" [5][7] - The sanctions issue complicates the dialogue, as China's principle of "no dialogue with sanctioned individuals" may limit the formality of the meeting, necessitating Rubio to show sincerity for future engagements [5][7]

7月12日，美国总统特朗普在社交媒体平台"真实社交"上发布致墨西哥总统辛鲍姆和欧盟委员 会主席冯德莱恩的信件，宣布 自2025年8月1日起，美国将对来自墨西哥和欧盟的输美产品分别征 收30%的关税 。 特朗普宣称，墨西哥未能阻止芬太尼等进入美国，在配合美国阻止非法移民进入美国方面也做 得不够；欧盟的关税和非关税贸易壁垒导致美国出现对欧巨额贸易逆差，双方关系"远非互惠 互利"。 信中措辞与过去一周发给其他国家领导人的信基本一致，包括警告对方不要对此次加税进行报 复、鼓励对方企业迁入美国、如对方积极配合可能对税率进行调整等。 欧盟努力谈判 必要时将反制 美国总统特朗普12日发出两封关税威胁信函，称自8月1日起对从欧盟、墨西哥进口的商品分别 征收30%关税。美国最大的贸易伙伴欧盟当即表示，必要时会予以反制。 至此，特朗普已对24个国家和27个欧盟成员国发布了关税条件。分析称，这些信件引发的贸易 动荡，最终都会让美国消费者被迫买单。 再挥关税大棒 直指欧盟、墨西哥 法国总统马克龙当天在社交媒体发文， 强烈谴责美国政府的决定，并表示法国"与欧盟委员会主 席立场一致"，对此表示"强烈反对"。 马克龙说，这一决定是在欧委会 ...

Core Viewpoint - The article discusses President Trump's announcement of imposing a 30% tariff on products imported from Mexico and the EU starting August 1, 2025, as part of a broader trade strategy aimed at addressing issues such as drug trafficking and trade barriers [1][3][4]. Group 1: Tariff Announcements - Trump announced a 30% tariff on imports from Mexico and the EU effective August 1, 2025 [1][3]. - Additional tariffs ranging from 25% to 40% were communicated to 14 countries, including Japan and South Korea, with potential tariffs of 15% to 20% for other trade partners [5]. - Canada will face a 35% tariff on its products starting August 1 [6]. Group 2: Reactions from Mexico - Mexican President Claudia Sheinbaum expressed opposition to the U.S. tariffs and emphasized the need for regional cooperation to enhance North America's competitiveness [7][8]. - Mexico is set to negotiate with the U.S. on security, immigration, and trade cooperation, with discussions scheduled for next week [9]. Group 3: Impact on Tomato Trade - The termination of the "Tomato Agreement" will lead to a 17% tariff on Mexican tomatoes, raising concerns about price increases for consumers in the U.S. [9][10]. - Approximately 72% of fresh tomatoes in the U.S. are imported, with 90% coming from Mexico, indicating a significant reliance on Mexican imports [10]. Group 4: EU's Response - EU officials are preparing countermeasures in response to U.S. tariffs, particularly in sectors like steel, automotive, and pharmaceuticals [11][12]. - The EU has previously threatened to impose tariffs on $21 billion worth of U.S. products in retaliation for U.S. tariffs [14].

Core Viewpoint - The article discusses the recent announcement by U.S. President Trump regarding new tariffs on multiple countries, urging them to reach trade agreements before the policy takes effect on August 1. In contrast, China is signaling cooperation and a willingness to deepen regional integration to counter U.S. protectionism [1][3]. Group 1: U.S. Tariff Policy - Trump has imposed tariffs ranging from 20% to 50% on various countries, including a 25% tariff on South Korea and Japan, and a 36% tariff on Cambodia [4][5][6]. - The tariffs are seen as unilateral actions by the U.S., with China and other affected countries expressing their intent to resist such measures and maintain multilateral trade systems [3][4]. Group 2: China's Response - China is actively engaging with trade partners, emphasizing the completion of the 10+1 free trade area negotiations with ASEAN, and expressing a commitment to expand the common market [3]. - Chinese officials, including Foreign Minister Wang Yi, have reiterated the importance of regional cooperation to counteract U.S. tariffs and protect mutual interests [3][4]. Group 3: Impact on Trade Relations - The article highlights the potential negative impact of U.S. tariffs on countries like Vietnam, which has been subjected to a 20% tariff despite initial agreements suggesting lower rates [6][8]. - Analysts suggest that the unpredictability of U.S. trade negotiations could undermine trust among its trade partners, complicating future agreements [8][9].