在这个日本人难以忘记的日子，日本《读卖新闻》发表社论称，当年曾主导"广场协议"、推动政策合作 的美国，如今正在背弃国际合作。社论表达了对"第二个广场协议"的忧虑，认为大搞美国优先的美国政 府可能以弱势美元促进出口，呼吁日本未雨绸缪，降低对美国和美元的依赖。 40年前的9月22日，在美国主导下，包括日本在内的5国在纽约签署旨在通过政策合作扭转美元升值局面 的"广场协议"。正是"广场协议"开启了日元飙升、日本出口企业遭受重创、日本货币政策被迫宽松化等 一系列改变日本的进程，并最终导致日本泡沫经济破灭。 日本《每日新闻》发表社论指出，"广场协议"签署距今已整整40年，美国财政与贸易双赤字的问题并未 解决。特朗普政府的高关税等美国优先政策令自由贸易体系和国际货币体系再度遭受严重冲击，必须从 中汲取教训。 陷入忧虑和反思的不仅是日本媒体，日本学界、产业界均对一系列美国优先政策深感忧虑。《日本经济 新闻》报道认为，在关税谈判中无牌可打的日本政府被迫对美国"投怀送抱"。 在美国关税政策中首当其冲的是日本汽车产业。汽车及汽车零部件出口约占日本对美出口总额的三分之 一。美国汽车关税政策对日本出口影响巨大。 日本财务省公布的贸易 ...

新华财经东京9月23日电（记者刘春燕）40年前的9月22日，在美国主导下，包括日本在内的5国在纽约 签署旨在通过政策合作扭转美元升值局面的"广场协议"。正是"广场协议"开启了日元飙升、日本出口企 业遭受重创、日本货币政策被迫宽松化等一系列改变日本的进程，并最终导致日本泡沫经济破灭。 "受对美出口下降拖累，日本整体出口连续4个月下降。预计短期内日本出口仍将保持疲软态势。"明治 安田综合研究所经济调查部经济学家藤田敬史认为，虽然对日本来说美国汽车关税已由27.5%降至 15%，但仍将对出口构成下行压力。此外，美国政府还在考虑对半导体及药品加税，关税对日本经济的 影响仍需持续关注。 日本经济再生大臣赤泽亮正表示，政府需"警惕美国关税政策带来的下行风险，尽最大努力缓解美国关 税措施的影响"。 为对冲关税影响，三菱和马自达开始主动减少盈利较低的低价车出口，积极开拓美国之外的市场销路。 丰田等部分日本汽车制造商被迫加大在美国国内的产能，并尽量在美国国内采购零部件。 一家位于东大阪市的弹簧制造厂负责人表示，汽车厂商原本是工厂的重要客户，相关销售额约占公司总 销售额的三成左右。受美国汽车关税政策影响，日本汽车零部件厂商正设法 ...

9月中旬，美国大豆行业进入收获季节。然而，随之而来的却不是丰收的喜悦，而是满眼的"寒潮"—— 中国这一曾是美国大豆最大买家的市场，至今未下任何订单。与此同时，美国总统特朗普对中国实施的 关税政策，依旧处于持续施压状态，这无疑加剧了美国农业的困境。今年秋天，面对着庞大的产量，伊 利诺伊州的农民们依然没有收到来自中国的大豆订单。 这一局面，显然与去年同期截然不同。去年这个时候，中国已经预定了大约1300万吨美国大豆。然而今 年，局势已发生了剧变。中国的采购量大幅下降，令美国豆农深感焦虑。美国大豆协会的主席拉格兰近 日公开表示，当前形势严峻，若中国继续"缺席"，美国大豆产业将面临前所未有的危机，可能会失去这 一市场，甚至将订单转向南美。 特朗普在推行"美国优先"政策时，忽视了全球贸易合作的互惠性和依赖性。大豆出口的寒潮，正是这一 政策副作用的缩影。中国对于美国大豆市场的依赖早已发生转变，尤其是当中美贸易摩擦升级时，中国 加速寻找替代品，以降低对美国单一市场的依赖。如今，这种政策下的"大豆寒潮"，是特朗普政府无法 忽视的"代价"。 可以说，美国的对华贸易战不仅仅是关税问题，更是美国长期农业政策的"痛点"暴露。以往，美 ...

Group 1 - Core conclusion for 汇顶科技 (603160.SH): The company is a global leader in fingerprint sensors, with strong growth potential across its four core businesses: sensing, AI computing, connectivity, and security. Revenue projections for 2025-2027 are 55.24 billion, 65.8 billion, and 78.4 billion CNY, with net profits of 8.56 billion, 10.78 billion, and 12.68 billion CNY respectively [1][9] - In the first half of 2025, 汇顶科技 achieved revenue of 22.51 billion CNY, a slight decrease of 0.2% year-on-year, while net profit increased by 35.7% to 4.31 billion CNY. The gross margin was 43.3% and net margin was 19.1% [6][7] - The company launched several new products, including a new light sensor and enhanced NFC solutions, which are expected to drive growth during the upcoming consumer electronics peak season [8][9] Group 2 - Core conclusion for 聚辰股份 (688123.SH): The company is experiencing significant growth in its DDR5 SPD and automotive-grade EEPROM products, with revenue projections for 2025-2027 at 13.09 billion, 17.95 billion, and 24.03 billion CNY, and net profits of 4.42 billion, 6.32 billion, and 8.67 billion CNY respectively [2][13] - In the first half of 2025, 聚辰股份 reported revenue of 5.75 billion CNY, an increase of 11.69% year-on-year, and net profit of 2.05 billion CNY, up 43.50%. The gross margin improved to 60.25% [11][12] Group 3 - Core conclusion for 芒果超媒 (300413.SZ): The company maintains stable performance in its 芒果 TV platform, with revenue projections for 2025-2027 at 14.47 billion, 15.10 billion, and 18.95 billion CNY, reflecting year-on-year growth of 6%, 4%, and 25% respectively [3][16] - In the first half of 2025, 芒果超媒 achieved revenue of 59.64 billion CNY, a decrease of 14.31% year-on-year, with net profit of 7.63 billion CNY, down 28.31%. The company is focusing on content investment to enhance user engagement [15][16] Group 4 - Core conclusion for 特宝生物 (688278.SH): The company is experiencing high growth in its product pipeline, particularly with 派格宾, and is actively expanding its early-stage innovative pipeline. Revenue projections for 2025-2027 are 36.96 billion, 49.38 billion, and 64.70 billion CNY, with net profits of 10.91 billion, 14.42 billion, and 18.98 billion CNY respectively [4][20] - In the first half of 2025, 特宝生物 reported revenue of 15.1 billion CNY, a growth of 27.0%, and net profit of 4.3 billion CNY, up 40.6% [18][19] Group 5 - Core conclusion for 华峰化学 (002064.SZ): The company is projected to achieve stable long-term growth despite a decline in revenue in the first half of 2025. Revenue projections for 2025-2027 are 277.84 billion, 293.43 billion, and 305.67 billion CNY, with net profits of 21.33 billion, 28.64 billion, and 31.46 billion CNY respectively [29][31] - In the first half of 2025, 华峰化学 reported revenue of 121.37 billion CNY, a decrease of 11.70%, and net profit of 9.83 billion CNY, down 35.23% [29][30]

这一点尤为重要，冷战时代加拿大的全民医疗保证费用和现在军费不足GDP2%，完全是颠倒过来，也就是说，现在加拿大军费开支水平，正是冷战时的 全民医保开支，而冷战后，因为美国继续当奶妈，这个数据完全颠倒了过来。 面对在向乌克兰派出安全部队，各自都在说自己有多困难的欧洲，川普也正在用痛打的方式救欧洲，万斯在慕尼黑会议上对欧洲面临的威胁来自自己，而 不是俄罗斯的警告，言犹在耳，川普为此怎么做的？ 欧洲情况和加拿大类似，也就是，人均GDP收入比欧洲高出几乎整整一倍的美国人，并没有欧洲人的高福利，而欧洲人在美国的保护下，高福利也就算 了，本来试图以补充劳动力引入的异教移民，现在发现消化这些移民导致社会问题的成本指出，远远高于其创造的经济效益，最重要的还不止于经济层 面，而是欧洲变成了斯坦第二，欧盟成了第二个苏联，而凡是敢说出这种真相的人，在英国是要被投入大牢的，意大利总理梅洛尼就是坚持欧洲是罗马法 治+两希文明（希伯来宗教和希腊哲学）这种常识性的观点，就一直被攻击为女墨索里尼，普京迷妹，民族主义者。 首先，降低欧洲对俄罗斯能源依赖，贸易谈判时通过逼迫其大量购买美国能源，让这些买俄罗斯能源的钱买美国能源，不再给俄罗斯输血， ...

Core Viewpoint - Trump's imposition of high tariffs on Indian goods aimed to pressure India into compliance but instead provoked a strong backlash, revealing the hypocrisy of the U.S. in its dealings with Russia and potentially straining alliances among countries [1][3][4]. Group 1: Tariff Imposition and Reactions - The Trump administration increased tariffs on Indian exports to the U.S. by 25%, raising the total tariff on Indian goods to 50% [3]. - India responded strongly, with Commerce Minister Piyush Goyal challenging the U.S. and highlighting the contradiction of U.S. sanctions while relying on Russian uranium supplies [3][4]. - The backlash included widespread domestic protests in India, with opposition leader Rahul Gandhi labeling the tariffs as "imperialist bullying" [3]. Group 2: International Implications - The tariff dispute has exposed the complex relationship between the U.S. and Russia, with predictions indicating that India's exports to the U.S. could decrease by nearly half [4]. - India's government has suspended a $3 billion arms purchase from the U.S. and is considering additional tariffs on U.S. products like almonds and apples [4]. - The situation has sparked criticism of Western hypocrisy, particularly regarding the EU's simultaneous sanctions on Russia while continuing to import Russian gas [4][5]. Group 3: Global Reactions and Consequences - The incident has led to increased support for India's stance on social media, with users criticizing Western nations for their double standards in trade with Russia [5]. - Other countries, such as Brazil, are beginning to echo India's criticisms of U.S. trade policies, potentially forming a coalition against such tariffs [7]. - The global trade landscape may face a loss of $200 billion due to the fallout from Trump's tariff policies, accelerating the shift towards a multipolar world where emerging economies seek independent partnerships [7][8].

Group 1 - Trump's nomination of Stephen Moore to the Federal Reserve Board is seen as an attempt to place a loyalist in the central bank to better control monetary policy [1] - Stephen Moore, a Harvard-educated economist, has a controversial track record advocating for significant interest rate cuts and has criticized Fed Chairman Jerome Powell for not lowering rates quickly enough [1] - The relationship between Trump and Powell has been strained since Powell's appointment in 2017, with Trump expressing dissatisfaction over Powell's refusal to rapidly cut interest rates [1] Group 2 - Trump's actions are perceived as damaging to the Federal Reserve's credibility and the global financial order, leading to international investors selling U.S. Treasury bonds and a decline in the dollar index [2] - The political interference in the Fed is reminiscent of past interventions, such as Nixon's, which resulted in uncontrollable inflation and a devalued dollar [2] - There is a concern that Trump's approach may exacerbate economic issues rather than resolve them, potentially dragging the global economy into a deeper crisis [2]

Group 1 - The core issue revolves around the unequal trade agreement between the US and the Philippines, where the Philippines is subjected to a 19% tariff while offering zero tariffs on US goods, resulting in an annual cost of $2.68 billion for the Philippines based on projected exports [3] - The Philippines' treatment is notably worse compared to other countries, with Japan, Vietnam, and Indonesia receiving lower tariffs of 15%, 20%, and 19% respectively, raising questions about the fairness of the US's trade policies towards its allies [3] - The announcement of a significant gas procurement deal worth $12 billion, which constitutes 40% of the Philippines' annual energy budget, highlights the economic pressures faced by the country in exchange for tariff concessions [5] Group 2 - The military agreements between the US and the Philippines reveal a concerning level of control, with the US allowed to establish a maintenance station close to the disputed area while the Philippines bears 85% of the costs for US troops [7] - The upgraded mutual defense treaty allows US military intervention without Philippine consent, effectively undermining the country's sovereignty and defense capabilities [8] - The economic repercussions of the high tariffs are severe, with a 41% drop in electronic orders and significant job losses, as well as a sharp depreciation of the Philippine peso to a historic low of 59:1 [8]

Core Points - The U.S. will impose "reciprocal tariffs" ranging from 10% to 41% on 69 global trade partners starting August 7, with India facing a 25% tariff, the highest among major economies [1][3] - Trump's administration aims to reduce trade deficits and encourage manufacturing to return to the U.S. through these tariffs, impacting allies like Japan, South Korea, and the UK as well [3][4] - The tariffs are also seen as a strategy to pressure Russia regarding the Ukraine situation, as India is a significant buyer of Russian oil [4][6] Trade Relations - The trade volume between the U.S. and India is projected to exceed $118 billion in the fiscal year 2023-2024, making the U.S. India's largest trade partner [3] - Trump's comments highlight that high tariffs and non-tariff barriers from India have limited trade relations, despite India being a key player in the U.S. Indo-Pacific strategy [3][4] Geopolitical Implications - The tariffs are part of a broader strategy to leverage economic pressure on Russia, with India’s continued purchase of Russian oil being a critical factor [4][6] - India's relationship with Russia is characterized as a "privileged special strategic partnership," making it unlikely for India to significantly reduce oil imports from Russia despite U.S. pressure [7] Domestic Response - Indian Prime Minister Modi emphasized the importance of domestic manufacturing and consumption, indicating a reluctance to compromise economic interests for U.S. favor [7] - The Indian government faces domestic criticism regarding its relationship with the U.S., particularly in light of recent geopolitical tensions [7]

Group 1 - The core viewpoint of the trade agreement between the US and Japan is that Japan will impose a 15% tariff on goods exported to the US, which is lower than the previously threatened 25% tariff, and Japan will invest $550 billion in key sectors like pharmaceuticals and semiconductors [1][4] - Japan's acceptance of US passenger cars without additional testing is a significant aspect of the agreement, indicating a move towards easing trade barriers [1] - The agreement is seen as a compromise from Japan, which initially sought the removal of all tariffs, and the current tariff rates may hinder Japan's economic recovery amid inflation [3][4] Group 2 - The $550 billion investment from Japan is expected to support Japanese companies, but analysts warn that the US may benefit disproportionately, potentially leading to fiscal pressure on Japan [4] - The agreement may lead to increased competition for Japan's domestic agricultural sector due to the opening of markets to US agricultural products, which could widen the trade deficit [4] - Economic forecasts suggest that the new agreement could result in a 0.55% decline in Japan's GDP within a year, highlighting potential negative impacts on the Japanese economy [4]