当地时间9月18日，墨西哥总统辛鲍姆表示，墨西哥、美国和加拿大同意继续执行现行《美墨加协 定》。 辛鲍姆表示，即使美国征收关税，但绝大多数出口商品不存在关税壁垒。现行的《美墨加协定》仍能促 进北美贸易发展，三国对此达成共识，加拿大和墨西哥同意加强协定执行力度，为此她将与加拿大总理 卡尼举行会晤。 《美墨加协定》于2020年取代《北美自由贸易协定》，有效期为16年，但规定每六年进行一次评估修 订，首次修订将于2026年7月启动。本月17日，墨西哥政府宣布启动《美墨加协定》修订的公众咨询程 序，公民、企业和相关行业可在60天内参与。 （文章来源：央视新闻） ...

Macro Dynamics - In July, the core Consumer Price Index (CPI) showed a year-on-year increase of 0.8%, marking the third consecutive month of growth, while the overall CPI remained flat year-on-year and increased by 0.4% month-on-month after a previous decline of 0.1% [2] - The Producer Price Index (PPI) decreased by 0.2% month-on-month and saw a year-on-year decline of 3.6%, with the month-on-month decline narrowing by 0.2 percentage points compared to the previous month [2] Industry Standards - The National Standard for Medical Security Information Platform has been released, marking a significant milestone in the standardization of medical insurance in China, effective from January 1, 2026 [3] Market Adjustments - Hainan Province announced adjustments to the rules for the old-for-new replacement program for home appliances and digital products, effective from August 9, 2025, to December 31, 2025, with a focus on the timely and balanced use of subsidy funds [4] Financial Institutions - The National Financial Supervision Administration approved the transfer of 500 million shares of Xishang Bank to Guolian Group, resulting in Guolian Group holding a 25% stake in the bank [7] Market Data - As of August 8, U.S. stock indices collectively rose, with the Dow Jones up 0.47%, the Nasdaq up 0.98%, and the S&P 500 up 0.78%, driven by significant gains in technology stocks, particularly Apple, which rose over 4% [11] - The Nasdaq China Golden Dragon Index fell by 0.26% but recorded a cumulative increase of 2.39% for the week, with mixed performances among popular Chinese concept stocks [12] Company Dynamics - Beijing Huiyuan Food and Beverage Co., Ltd. issued an open letter to shareholders regarding a proposal to use capital reserves to cover losses, highlighting uncertainties in the capital reserves and potential impacts on creditors' rights [13] - Several pharmaceutical companies, including AstraZeneca and Bayer, announced investments totaling approximately 12 billion Mexican pesos (about 4.6 billion RMB) in Mexico, seen as a strategic move under the USMCA [14] - OpenAI announced the relaunch of ChatGPT-4o and the rollout of GPT-5 to Plus, Pro, Team, and free users, enhancing user experience with increased rate limits [15]

Core Viewpoint - The Canadian government expresses disappointment over U.S. tariffs but remains committed to the USMCA, which is the second-largest lumber trade agreement globally by trade volume [1] Group 1 - The Canadian government is dedicated to the USMCA despite challenges posed by U.S. tariffs [1]

Group 1 - The U.S. Secretary of Commerce, Wilbur Ross, indicated that President Trump is seeking a compromise with Canada and Mexico regarding the 25% additional tariffs imposed on them, with a relief plan expected to be announced soon [1] - The USMCA (United States-Mexico-Canada Agreement) allows for tariff-free cross-border flow of auto parts and semi-finished products, which can be assembled into complete vehicles, potentially qualifying for relief under the new tariff regime [1] - Despite the implementation of the additional tariffs, the provisions of the USMCA remain valid, and discussions are ongoing with Canada and Mexico to find a resolution [1]