Group 1 - The recent global tariff order signed by Trump has led to significant backlash, with 54 countries expressing support for China and advocating for its leadership in the global economy [1][4] - The tariff measures imposed by the U.S. on 69 countries have resulted in severe economic impacts, such as a 35% tariff on Canadian auto parts, a 50% tariff on Brazilian soybeans, and a 25% tariff on Indian industrial products [4][8] - Even small and impoverished nations like Lesotho are affected, facing a 15% tariff due to accusations of currency manipulation and overcapacity, highlighting the widespread confusion and anger among affected populations [8] Group 2 - The burden of the tariffs is primarily falling on American consumers, with nearly 90% of tariff revenues being borne by U.S. importers, leading to increased prices for goods such as a 40% rise in shoe prices at Walmart and an overall annual expenditure increase of at least $2,400 per American household [10] - In response to the tariffs, China has proactively established a free trade zone with 53 African countries, significantly boosting trade, with exports of South African citrus to China surging by 88.6% [13][15] - China's economic presence in Africa is growing, with exports of construction machinery increasing by 58.5%, and the internal trade volume of the African free trade zone rising from $192.2 billion to $520 billion [15] Group 3 - The unilateral tariff policies of the U.S. are accelerating global support for China, particularly in Africa, where over 55% of smartphones and 70% of solar panels are produced by China, overshadowing U.S. influence [17] - The U.S. is facing unprecedented challenges to its hegemonic system, with legal rulings against Trump's tariffs and retaliatory measures from traditional allies, including a 25% retaliatory tariff from the EU [19] - The increasing support for China from 54 countries indicates a potential shift in global trade dynamics, with the possibility of the end of dollar hegemony as China signs 31 economic partnership agreements [23][27]

Core Viewpoint - The article highlights China's strong opposition to any trade agreements that compromise its interests in exchange for tariff reductions, particularly in the context of the U.S. negotiating with other countries to exclude China from supply chains [1][3]. Group 1: U.S.-China Trade Relations - The U.S. is attempting to negotiate trade agreements with countries like India and the EU, aiming to weaken China's position by offering tariff exemptions in exchange for cooperation against China [1][3]. - The U.S. has imposed significant tariffs on global trade partners, with Chinese goods facing tariffs as high as 145%, which has severely impacted global supply chains [1][3]. - China has issued a warning that any country cooperating with the U.S. to undermine its interests will face strong retaliation [1][3]. Group 2: Strategic Responses - China is prepared to implement targeted countermeasures, including restrictions on rare earth exports, which are crucial for U.S. military and industrial applications [3][5]. - The U.S. relies heavily on China for rare earth materials, with 83.7% of its supply coming from China, posing a risk to its military supply chain [5]. - China retains the right to regulate its agricultural imports from the U.S., which could significantly impact U.S. farmers, particularly in key agricultural states [5][6]. Group 3: Multilateral Trade Dynamics - The article suggests that China's stance is becoming a cornerstone for multilateral trade order, as it calls for alliances against U.S. trade bullying [6][8]. - The U.S. has faced challenges in achieving substantial trade agreements, with claims of reaching deals with multiple countries being met with skepticism [6][8]. - The urgency of the situation is emphasized, as the deadline for negotiations approaches, testing the strategic resolve of involved nations [8].

Core Viewpoint - The reduction of tariffs between the US and China is expected to significantly improve market sentiment and economic growth expectations, particularly benefiting export-related industries and sectors that have previously undergone substantial adjustments [1][2][4]. Group 1: Tariff Reduction Impact - The US has reduced tariffs on Chinese goods from 145% to 30%, with specific adjustments made in February, March, and May [4][5]. - China has reciprocated by suspending its 24% tariffs on US goods, lowering the tax rate from 125% to 10% [4][5]. - The tariff reductions exceed market expectations, indicating a potential for improved trade relations [3][4]. Group 2: Industry Beneficiaries - Export-related industries such as new energy, machinery, and home appliances are expected to benefit directly from improved export channels and revised profit expectations [2]. - The TMT sector (telecommunications, media, and technology) is also likely to see a recovery due to improved market sentiment and increased trading activity [2]. Group 3: Market Dynamics - The "see-saw" effect between stocks and bonds may lead some investors to shift funds towards equity markets, increasing pressure on interest rate bonds [2]. - The reduction in tariffs is anticipated to boost China's economic growth expectations, which may result in a phase of adjustment for long-term interest rate bonds [2].

Group 1 - South Korea is seeking to engage in "calm and orderly" negotiations with the United States regarding trade issues, aiming to reach an agreement before July to avoid additional tariffs [1] - The South Korean delegation, including the Deputy Prime Minister and the Minister of Trade, met with U.S. officials to discuss the potential agreement, coinciding with the expiration of a 90-day tariff suspension by President Trump [1] - The U.S. has been increasingly exerting control over South Korea, with some commentators suggesting that South Korea is becoming a "puppet" of the U.S. in the context of strategic competition with China [3] Group 2 - The South Korean government is maintaining strategic ambiguity in its foreign policy, particularly regarding its stance towards China and the U.S., as it prepares for upcoming elections [5] - The current administration is cautious about rushing into an agreement with the U.S. due to potential political ramifications and the desire to avoid being seen as choosing sides in the U.S.-China rivalry [7] - Former President Moon Jae-in has publicly criticized the current government's actions, indicating a potential shift in South Korea's political landscape and its approach to international relations [7]