（文章来源：第一财经） 据外媒报道，印度-欧盟协议显示，将取消对超过90%欧盟商品的关税。 ...

美国财政部长斯科特·贝森特当地时间周五表示，鉴于印度从俄罗斯进口的石油量大幅减少，美国有可 能取消对印度额外征收的 25%关税。 贝森特在世界经济论坛间隙接受采访时说："印度炼油厂从俄罗斯购买的石油数量大幅减少。所以这算 是一个成功。因为进口俄罗斯石油而征收的关税仍然存在，25%的关税依然生效。我想应该有办法取消 这些关税。" 责任编辑：于健 SF069 责任编辑：于健 SF069 美国财政部长斯科特·贝森特当地时间周五表示，鉴于印度从俄罗斯进口的石油量大幅减少，美国有可 能取消对印度额外征收的 25%关税。 贝森特在世界经济论坛间隙接受采访时说："印度炼油厂从俄罗斯购买的石油数量大幅减少。所以这算 是一个成功。因为进口俄罗斯石油而征收的关税仍然存在，25%的关税依然生效。我想应该有办法取消 这些关税。" ...

Report Overview - On January 19, 2026, the closing prices of the pure benzene 2603 contract and the styrene 2602 contract were 5,827 yuan/ton and 7,295 yuan/ton respectively, with daily increases of +3.48% and +1.86% [2] Core Viewpoints - Pure benzene is in a transitional period where the fundamentals may shift, with significant real - world pressure. Although high inventories may limit short - term increases, there will be a quarterly improvement in Q1. There is a possibility of an early market manifestation under the consistent expectation similar to the polyester chain [3] Reasons for the Rise - **Port De - stocking**: As of January 19, 2026, the total commercial inventory of pure benzene at Jiangsu ports was 20.7 tons, a reduction of 2.7 tons from the previous week. From January 12 - 18, there were no arrivals and about 2.7 tons of pick - ups, which was the first de - stocking since November 10 [3] - **Downstream Profit Boost**: Driven by export deals and unexpected maintenance, styrene supply and demand are tight, and the price difference with pure benzene is widening. Two styrene plants are about to resume production, and terminal export growth drives demand [3] - **Potential Tariff Cancellation**: There are discussions about the US canceling the 15% tariff on South Korean pure benzene, which is seen as a potential positive factor [3] - **Catch - up in Aromatic Allocation**: In the chemical industry, aromatics are a multi - allocation sector. After the previous rally of PX - PTA, it entered a digestion and feedback phase. Pure benzene, with a relatively low valuation, has become a multi - allocation choice for funds [3] Market Outlook - From the balance sheet, the supply - demand gap remains positive from January to February but decreases month - on - month. There may be a small amount of de - stocking in March. High inventories may limit short - term increases, but there will be a quarterly improvement in Q1. If the US cancels the tariff on South Korean pure benzene, it will greatly benefit the domestic pure benzene balance sheet and raise its valuation [3]

Core Viewpoint - The potential cancellation of Trump tariffs may lead to increased volatility in all assets, commodities, and gold, with significant impacts on regional prices and gold inventory flows into or out of the U.S. [1] Group 1: Market Reactions - If tariffs are lifted, gold may experience short-term corrections as uncertainty diminishes and risk appetite shifts to other asset classes [1] - Geopolitical risks and ongoing policy fluctuations are likely to provide support for gold prices in the long term [1] Group 2: Long-term Outlook - The spot gold market remains resilient and stable, typically benefiting from safe-haven capital flows [1] - Even with potential tariff cancellations, gold is expected to be supported by central bank demand, diversification investment needs, and its role as a hedge against broader economic and policy risks [1]

Core Viewpoint - New Zealand welcomes the U.S. decision to eliminate additional tariffs on a range of its agricultural products, including beef, offal, and kiwifruit, while expressing a desire for the complete removal of all extra tariffs on New Zealand goods [1] Group 1: Tariff Changes - The U.S. President Trump recently canceled tariffs on over 200 food items, including beef, due to consumer concerns over rising food prices in the U.S. [1] - The products affected by the tariff removal account for approximately 25% of New Zealand's exports to the U.S., valued at around $1.25 billion annually [1] Group 2: Government Response - New Zealand's Trade Minister stated that the decision to remove these tariffs is a step in the right direction, but emphasized that it is only a partial adjustment [1] - The ongoing framework of reciprocal tariffs continues to impose costs and uncertainty on New Zealand exporters [1]

Core Points - The Premier of Manitoba, Kelvin Goertzen, has requested the Canadian federal government to eliminate the 100% tariff on electric vehicles imported from China, citing significant negative impacts on bilateral trade and the western regions of Canada [1][3]. - The trade tensions have led to a substantial decline in Canadian canola prices and have severely affected the pork production industry, with Saskatchewan's canola exports to China dropping by 76% year-on-year in August [3][5]. - The Chinese Ambassador to Canada, Wang Di, indicated that China would reciprocate by removing tariffs on Canadian products if Canada cancels the tariffs on Chinese electric vehicles, suggesting a potential path to ease trade relations [5][7]. Industry Impact - The imposition of a 100% additional tax on all electric vehicles imported from China since October 1 of the previous year has strained bilateral trade relations, affecting multiple provinces and severely damaging agricultural exports [5]. - There is a growing internal demand within Canada to lift the tariffs in order to alleviate the challenges faced by various industries, particularly in agriculture [7].

Group 1 - The Bank of Canada's Governor, Macklem, expresses optimism regarding the prospects of a new Canada-U.S. trade agreement, which may lead to the removal of tariffs [1]

Core Viewpoint - Japan's Economic Revitalization Minister Akira Amari stated that it would be difficult to reach an agreement if the United States does not agree to eliminate all tariffs, including reciprocal tariffs and auto tariffs [1] Group 1 - The statement emphasizes the importance of tariff elimination for successful negotiations between Japan and the United States [1] - The focus on auto tariffs indicates a significant area of concern for Japan's automotive industry [1]

Core Viewpoint - Japan's Chief Trade Negotiator and Minister of Economic Revitalization, Akizawa Ryozo, emphasized that the country will not sacrifice national interests for a hasty trade agreement and will continue to seek the removal of all tariffs by the United States [1] Group 1 - Japan is focused on ensuring that any trade agreement does not compromise its national interests [1] - The country is actively pursuing the complete elimination of tariffs imposed by the United States [1] - There is a concern regarding whether the recent downgrade of the U.S. credit rating will have an impact on the economy [1]

Core Viewpoint - The article highlights that India has proposed to eliminate all tariffs on U.S. goods, as stated by U.S. President Trump during his visit to Qatar [1] Group 1 - India is seeking to remove all tariffs on products imported from the United States [1]