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].

Core Viewpoint - The article suggests that Trump's tariff threats are perceived as empty and primarily serve as a negotiation tactic, indicating that the U.S. government has a strategic plan in place regarding trade policies [1] Group 1 - Analysts from Forexlive believe that the prediction regarding Trump's tariff threats was insightful, as they expect the proposed tariffs of up to 50% on goods imported from the EU to be reduced through negotiations [1] - Barclays views the threats to the EU as mainly a negotiation strategy, implying that the U.S. has not fully committed to imposing tariffs yet [1] - The article compares the situation to the story of "The Boy Who Cried Wolf," suggesting that while the U.S. government is not irrational, there are limits to how far they will go with these threats [1]

Group 1 - The U.S. stock market experienced a significant decline, with the Dow Jones falling by 256.02 points (0.61%) to 41,603.07 points, marking its fourth consecutive day of losses [1] - Major technology stocks underperformed, with Meta Platforms, Nvidia, and Tesla all dropping over 1%, while Apple fell by 3% to a two-week low [1] - The Nasdaq China Golden Dragon Index showed mixed performance, with Bilibili rising over 3% and Miniso falling over 17% [1] Group 2 - President Trump suggested imposing a 50% tariff on EU goods starting June 1, raising concerns about a transatlantic trade war [2] - Analysts from Barclays indicated that Trump's tariff announcement may be a negotiation tactic, but it highlights ongoing volatility in U.S. trade policy [2] - U.S. Treasury yields fell as investors sought safer assets, with the 10-year yield dropping by 4.8 basis points to 4.51% [2] Group 3 - Chicago Fed President Goolsbee noted that Trump's latest tariff threats complicate the policy outlook, potentially delaying interest rate adjustments by the Federal Reserve [3] - U.S. Steel saw a significant increase of 21% following Trump's support for a partnership between U.S. Steel and Japan's Nippon Steel, which is expected to create 70,000 jobs and generate $14 billion in new investments [3] Group 4 - International oil prices saw a slight increase, with WTI crude rising by 0.54% to $61.53 per barrel, and Brent crude increasing by 0.53% to $64.78 per barrel [4] - Gold prices also rose, with COMEX gold futures for May delivery increasing by 2.17% to $3,363.60 per ounce [4]

Core Viewpoint - Shopify's Q1 2025 sales reached $2.36 billion, exceeding analyst expectations of $2.34 billion, while the Gross Merchandise Volume (GMV) was $74.75 billion, slightly below the forecast of $74.8 billion [1] Group 1: Financial Performance - Shopify's Q1 2025 sales were $2.36 billion, surpassing analyst expectations [1] - The GMV for the quarter was $74.75 billion, which was marginally lower than the anticipated $74.8 billion [1] - The company expects Q2 revenue to grow approximately 24%-26% year-over-year, exceeding the previous analyst forecast of 23% [1] Group 2: Market and Trade Impact - Shopify's cross-border business accounted for 14% of GMV in Q4 2024, and recent changes in U.S. tariff policies may impact this segment [1] - The potential impact of trade tensions on small e-commerce sellers remains uncertain, which could affect their profitability and demand for Shopify's services [1] - The company is attempting to mitigate risks by expanding into European and Southeast Asian markets, although short-term trade policy fluctuations will likely influence stock price volatility [2] Group 3: Stock Performance - As of the latest update, Shopify's stock dropped over 7%, trading at $87.70 [3]