美国总统特朗普当天早些时候称，将对一些国家征收更高的关税，并点名 巴西 。阿尔克明接 受媒体采访时回应说，美国对 巴西 的贸易是顺差，因此提高对 巴西 的关税"毫无道理"。他 指出，提高关税的举措不仅对 巴西 不公平，也将推高美国自身供应链成本，进而损害美国经 济利益。 当天下午，特朗普在社交媒体平台"真实社交"上发布致 巴西 总统卢拉的信函，称将自8月1 日起对从 巴西 进口的商品征收50%的关税。 来源：新华社 巴西 总统卢拉：将"对等回应"美加征关税措施 巴西总统卢拉当地时间9日说，巴西将对美国政府向巴西输美产品加征关税的做法作出"对等 回应"。 卢拉在社交媒体平台上发文写道，巴西将根据本国"经济对等法应对任何单方面的关税增 加"。他说，主权和尊重与捍卫巴西人民利益等理念，指引其处理同外部国家的关系。 卢拉上述表态是对美国总统特朗普当天早些时候威胁向巴西加征关税的回应。 特朗普在社交 媒体平台"真实社交"上发布致卢拉的信函，称将自8月1日起对从巴西进口的商品征收50%的 关税。（记者：邓仙来） 巴西 副总统批评美国提高关税"不公平" 巴西 副总统兼发展、工业与贸易部长阿尔克明9日公开批评美国对 巴西 征 ...

美联储会议纪要：官员们认为关税的增加"明显比预期更大、更广泛"。 ...

Summary of Conference Call for Zongshen Power Industry Overview - The conference call primarily discusses the impact of increased tariffs on the general machinery industry, particularly focusing on Zongshen Power's operations in the North American market [3][4][9]. Key Points and Arguments - **Tariff Impact**: The U.S. has imposed tariffs as high as 79% on Chinese general machinery products. Zongshen Power had anticipated this and preemptively shifted some production capacity to Vietnam. However, Vietnam also faces a potential increase in tariffs from 16% to 46%, which is still lower than China's [3][4]. - **Client Relationships**: Zongshen Power exports mainly through OEM (Original Equipment Manufacturer) and private label arrangements, serving major brands like Waiting House, POS systems, and Ford. These clients have strong bargaining power and can pass on increased costs to consumers [5][11]. - **Market Demand**: General machinery products, such as lawnmowers and backup generators, are considered essential consumer goods in the U.S. market. Demand remains stable due to factors like unstable power grids and the need for emergency equipment [8][9]. - **Manufacturing Competitiveness**: Despite the tariff increases, China remains the largest base for general machinery production globally. Other countries cannot quickly match China's scale and cost control capabilities, ensuring that the market structure remains largely unchanged [9][10]. - **Pricing Sensitivity**: The end-user prices for Zongshen Power's products range from $300 to $500, with power products nearing $1,000. Consumers show low price sensitivity due to the long replacement cycles and the essential nature of these products [10][11]. - **Cost Transmission**: The company cannot absorb the full impact of increased tariffs (estimated at 30% to 40%), leading to a necessity to pass costs onto customers and ultimately consumers. This will affect short-term market consumption but is not expected to undermine long-term competitiveness [11]. - **Future Outlook**: Zongshen Power expresses confidence in its future development, particularly in the drone sector, which is expected to grow due to global military competition. The company believes that its stable domestic operations will support its competitive position [12]. Additional Important Insights - **Negotiation Efforts**: The Vietnamese government is actively negotiating with the U.S. to lower tariffs, which could provide a competitive edge for Zongshen Power's operations in Vietnam [3][6]. - **Market Structure Stability**: The overall competitive environment is expected to remain stable, as even international brands producing in China will face similar tariff impacts [9]. This summary encapsulates the critical insights from the conference call, highlighting the challenges and strategies of Zongshen Power in the context of increased tariffs and market dynamics.