Core Viewpoint - The upcoming changes in U.S. tariff policies are expected to create significant challenges for small and medium-sized enterprises (SMEs), with current trade agreements lacking enforceable commitments and clarity [1][2]. Group 1: Tariff Policy and Trade Agreements - A warning has been issued regarding the potential chain reactions from U.S. tariff policies post the trade agreement deadline next month [1]. - Current trade agreements are described as "napkin deals," indicating their lack of durability and concrete details [1]. - Even with some tariff adjustments, the 15% tariff level remains significantly higher than in March, putting pressure on the already thin profit margins of SMEs [1]. Group 2: Impact on Global Business Environment - The uncertainty in trade policies is causing hesitation in investment decisions, particularly affecting climate technology innovation [2]. - Data from PitchBook shows a 10% year-on-year decline in global venture capital and private equity investments in climate tech firms in Q1, reflecting a cautious capital market [2]. - Companies are in a state of stress, with the actual implementation of strategies being more complicated than previously anticipated [2]. Group 3: Long-term Perspectives and Strategic Adjustments - Despite short-term trade fluctuations, long-term emission reduction goals remain a definitive direction for businesses [2]. - Companies continue to optimize their supply chain ESG practices, indicating an inevitable trend towards industrial upgrades [2]. - The global trade landscape is undergoing deep adjustments, characterized by policy ambiguity and execution uncertainty, challenging multinational companies' strategic resilience [2].