特朗普关税对美国国内哪类商品的价格产生了最为猛烈的冲击？答案或许是：皮革制品…… 大量美国制造商和零售商在关税实施前的库存已经售罄，而补货成本却高得惊人。业内专家表示，目前 上架的产品大多采用"更昂贵"的皮革制成，经过"更昂贵"的海外加工，并且运费也比去年的商品"更 高"。 耶鲁大学预算实验室11月的一项预估显示，受通货膨胀、供应链瓶颈和高额关税影响(尤其是针对中 国、越南、意大利和印度的关税)，皮革制品价格至少在未来一到两年内都将较关税前上涨近22%，位 居各涨价商品的首位。 该实验室政策分析副主任John Ricco指出，"皮革行业遭受重创有两大原因——首先，部分最高关税税 率针对的是美国主要进口皮革的国家。其次，美国从这些贸易伙伴国进口的皮革及更广泛的服装相关产 品，远多于自主生产。" 成本压力已显现于Tapestry集团等行业巨头身上——该集团旗下拥有Coach和Kate Spade等知名品牌。该 公司高管8月向投资者透露，关税相关支出可能高达1.6亿美元，并警告未来将面临"超出预期的利润下 行压力"。 低成本供应渠道将不复存在？ 随着关税生效，Twisted X和许多其他皮革公司确实曾考虑扩展更多供 ...

苹果公司卖一个iPhone手机壳赚的钱，比全球航空公司运送一位旅客平均赚的7.90美元还多。 "航空业为全球经济贡献了近4%的GDP，支撑了8700万个就业岗位，但行业利润率却薄如蝉翼。苹果公司卖一个 iPhone手机壳赚的钱，比航空公司运送一位旅客赚的7.90美元还多。" 当地时间12月9日，国际航空运输协会（IATA，下称"国际航协"）发布全球航空业最新财务展望，尽管预计2026 年全球航司的盈利创历史新高，但从每位旅客身上赚到的平均净利润只有7.90美元（约合56元人民币），低于 2023年的历史高点8.50美元。 因此，国际航协理事长威利·沃尔什（Willie Walsh）才有了上述感慨。他认为，在整个航空运输价值链中，航空公 司的利润率与发动机、航电（即飞机上所有电子系统的总和）制造商以及许多服务供应商相比严重失衡。"如果能 重新平衡价值链利润分配、减轻监管和税收负担、改善基础设施效率，航空公司将为经济创造更大价值。" 区域盈利差异巨大 "亚太地区仍是全球客运增长的最大贡献者。2026年，该地区载客率预计将达到84.4%，创历史新高。中国和印度 引领区域增长，主要得益于区域内旅游活动的增加和中产群体 ...

今日周三(12月10日)亚盘时段，伦敦银目前交投于61.03一线上方，今日开盘于60.61美元/盎司，截至发 稿，伦敦银暂报61.19美元/盎司，上涨0.90%，最高触及61.46美元/盎司，最低下探60.47美元/盎司，目 前来看，伦敦银盘内短线偏向看涨走势。 【要闻速递】 全球供应链瓶颈虽有所缓解，但仍未彻底解决；其次，光伏、新能源汽车、5G、人工智能等新兴产业 对白银的工业需求持续爆发，工业消费稳稳占据白银总需求的半壁江山；第三，美联储降息预期升温、 地缘政治风险加剧，投资者对贵金属的避险和抗通胀需求大幅回升，资金汹涌流入白银市场。 三大力量共同作用，点燃了白银自2025年8月下旬以来的这一轮超级行情。 供应方面，2025年全球矿产银供应预计约8.13亿盎司，同比大致持平，回收供应小幅增长1%左右，整 体供应增幅仅约1%。 需求方面，全球总需求预计同比下降约4%至11.2亿盎司，其中工业需求下降约2%，尽管需求有所回 落，但供应端缺口依然突出。 降息方面，市场对美联储12月降息25个基点的概率预期超过85%，降息会削弱持有无息贵金属的机会成 本，提振白银吸引力。 【最新伦敦银行情解析】 伦敦银价格在早盘 ...

摘要近期白银价格如火箭般蹿升，周二(12月9日)一举突破60美元/盎司大关，单日涨幅超过4%，年内累 计涨幅已超过100%。周三(12月10日)现货白银延续涨势，站上61美元/盎司，一度刷新历史高点至61.45 美元/盎司，正式宣告白银进入"60美元时代"，国内沪银期货价格延续强势，继续攀升高位，沪银期货 主力合约最高触及14388元/千克。 2025年11月，全球白银ETP持仓激增487吨，12月前十天又增加475吨，创下2020年以来最猛烈的资金流 入纪录。 近期白银价格如火箭般蹿升，周二(12月9日)一举突破60美元/盎司大关，单日涨幅超过4%，年内累计涨 幅已超过100%。周三(12月10日)现货白银延续涨势，站上61美元/盎司，一度刷新历史高点至61.45美元/ 盎司，正式宣告白银进入"60美元时代"，国内沪银期货价格延续强势，继续攀升高位，沪银期货主力合 约最高触及14388元/千克。 截至北京时间11:57，现货白银最新报60.91美元/盎司，涨幅0.43%；COMEX白银期货主力最新报61.42 美元/盎司，涨幅0.43%。 首先，全球供应链瓶颈虽有所缓解，但仍未彻底解决；其次，光伏、新能源汽 ...

Core Viewpoint - The FAA has approved Boeing to increase the monthly production limit of the 737 MAX to 42 units, up from the previous cap of 38, which is crucial for improving the company's financial health and addressing safety and quality concerns [1] Production and Safety - The FAA implemented the production limit after a serious incident involving a new Alaska Airlines 737 MAX 9, where critical bolts were missing, leading to a significant safety issue [1] - Boeing plans to accelerate production in response to the FAA's approval, with the company expressing appreciation for the collaborative efforts to ensure safety and quality during this increase [2] Supply Chain and Inventory - Boeing is facing greater supply chain pressures than before, with challenges in components such as wings, castings, engines, and interiors [2] - The company has accumulated $11 billion worth of raw materials, compared to $6.4 billion in 2018, when it produced over 50 737 aircraft monthly [3] - Boeing's current debt stands at $53 billion, a significant increase from approximately $12 billion in 2018 [3] Regulatory Environment - The FAA has partially restored Boeing's authority to issue airworthiness certificates for the new 737 MAX and 787 aircraft after previous revocations due to fatal accidents and production quality issues [3] - In September, the FAA imposed a $3.1 million fine on Boeing for a series of safety violations identified at its facilities [3][4]

Core Viewpoint - Boeing is optimistic about increasing the production of the 737 Max, potentially raising the monthly output to 42 units by October 2025, with further increases planned for 2026, reflecting a recovery in management and a bid to regain FAA trust [1][2] Group 1: Production Plans - Boeing is guiding suppliers to enhance the 737 Max production, aiming for a monthly output of approximately 53 units by the end of 2026 if all adjustments proceed smoothly [1] - The production increase is seen as a critical signal from Boeing's management to regain control over factory processes and rebuild trust with the FAA after years of mismanagement [1][2] - Boeing's internal production plans are flexible and must demonstrate to the FAA that its Seattle factory and suppliers can increase capacity while maintaining quality [1] Group 2: Financial Implications - Accelerating production is vital for Boeing to repay debts, improve financial conditions, and compete against Airbus's popular models, with cash flow expected to turn positive as production ramps up [2] - Boeing's stock price rose by 0.75% following the news, with a year-to-date increase of 22%, significantly outperforming the Dow Jones Industrial Average's 9.9% rise [2] Group 3: Performance Metrics - Boeing's CEO emphasized that the production plan will depend on actual progress at the factories, with six key performance indicators established for the FAA to monitor, including supplier parts shortages and maintenance records [2] - Boeing plans to maintain the 42-unit monthly production for about six months before negotiating further increases with the FAA [2] Group 4: Competitive Landscape - Ryanair's CEO publicly supports Boeing's production increase, indicating confidence in the company's ability to meet the planned targets [3] - Airbus plans to increase the A320neo series production to 75 units per month by 2027, but has faced supply chain constraints that have delayed more aggressive timelines [3] - Both Boeing and Airbus are striving to balance production efficiency with quality and safety, with the FAA's stringent oversight remaining a critical factor [3]