Group 1 - The East Asia Cooperation Foreign Ministers' Meeting was successful, highlighting strong support and cooperation among China and ASEAN countries amidst rising unilateralism and protectionism [3] - The 2025 Service Trade Fair has over 700 enterprises expressing intent to participate, with plans for 14 thematic forums and 76 specialized forums covering various topics including digital trade and global green economy [3] - The Ministry of Finance allocated 197 million yuan to support disaster relief efforts in seven provinces affected by floods and typhoons, focusing on agricultural recovery [3] - The "Source of Good Entrepreneurship" initiative aims to support youth entrepreneurs and projects in need of resource connections, running from July to September [3] - China's forest coverage has increased to over 25%, contributing to a quarter of the world's new greening area, with significant land restoration efforts [3] - Shanghai, Ningbo-Zhoushan, and Singapore ports are identified as preferred global shipping hubs, driving regional economic growth and reshaping global economic geography [3] - The steel industry is expected to maintain a consumption level of 800 to 900 million tons, with a focus on optimizing product structure [3] - The automotive export scale is projected to peak during the 14th Five-Year Plan, with local production in overseas markets becoming a new trend [3] - The China Securities Association issued guidelines to enhance self-regulation and promote high-quality development in the securities industry [3] - The "National Uranium No. 1" demonstration project in Inner Mongolia successfully produced its first barrel of uranium, marking a significant achievement in China's uranium production capacity [3] Group 2 - The U.S. plans to impose a 30% tariff on goods imported from the EU and Mexico starting August 1, leading to strong opposition from European nations [5] - The EU has expressed that the tariffs will disrupt important transatlantic supply chains and may retaliate if necessary [5] - Mexico's government criticized the U.S. tariffs as "unfair" and is seeking diplomatic solutions to resolve trade disputes [5] - The U.S. also announced a 50% tariff on imported copper, posing challenges for Chile, the world's largest copper producer [5] - NVIDIA's CEO is expected to visit China following a meeting with U.S. President Trump, indicating ongoing interest in the Chinese market [5] - Negotiations for a ceasefire between Israel and Hamas have reportedly stalled, with no significant progress made since July 9 [5]

Group 1 - The first volume of "Xi Jinping's Ecological Civilization Selected Works" has been published and distributed nationwide [4] - The South-to-North Water Diversion Project's eastern and central lines have cumulatively transferred over 80 billion cubic meters of water, benefiting 185 million people [2][14] - The steel industry in China has shown significant growth in the first five months of the year, indicating a stable operation and a clear trend of industrial transformation and upgrading [10] Group 2 - The summer season has prompted various regions to create new consumption scenarios to promote high-quality development in the cultural and tourism industries [11] - The largest thermal power plant under construction in China, the 8th unit of the Zhejiang Beilun Power Plant, has been successfully put into operation, with an annual power generation capacity of 6 billion kWh [16] - The 31st China Lanzhou Investment and Trade Fair has opened, featuring nearly 2,000 participating enterprises and a wide range of products across various sectors [18]

Group 1 - China's steel industry showed significant growth in the first five months of the year [6] - The largest thermal power plant under construction in China has commenced operation of its Unit 8 [12] - The Jiangxi Suichuan to Dayu expressway has been completed and opened to traffic [13] Group 2 - The 31st China Lanzhou Investment and Trade Fair has officially opened [14] - The summer box office for movies is projected to exceed 2.5 billion by 2025 [15]

Group 1 - California Governor Newsom publicly opposes Trump's tariff policies, stating that California will continue to engage in trade with China, highlighting the state's significant economic power, which accounts for nearly one-sixth of the U.S. GDP [5][6][10] - The tariffs imposed by the Trump administration are expected to severely impact California's economy, potentially halving some economic sources, prompting the state to file a lawsuit against the federal government [10][20] - California's trade partners include Canada, Mexico, and China, making the tariffs particularly damaging to its economic interests [8][10] Group 2 - Japan, a close ally of the U.S., is also facing challenges due to Trump's tariffs, particularly on automobiles and parts, which are crucial to its economy [14][16] - Japanese officials have expressed strong opposition to the tariffs, with Prime Minister Kishida stating that Japan will not sacrifice its economic interests for a quick agreement with the U.S. [14][16] - There are indications that Japan may consider using its substantial U.S. Treasury holdings as a "financial weapon" in response to the tariffs, which could have severe implications for the U.S. economy [18][20] Group 3 - The U.S. government has seen a significant increase in tariff revenue, with April's income reportedly exceeding $17 billion, the highest for any month during Trump's first term [20][22] - However, the tariffs are expected to increase costs for American consumers, leading to higher prices for new and used cars, as well as related expenses, exacerbating existing inflationary pressures [20][22] - The European steel industry has also been adversely affected by U.S. tariffs, resulting in a sharp decline in exports to the U.S. and significant job losses [22][24]

Group 1: Tariffs and Trade Impact - The U.S. government is initiating a 100% tariff on all foreign-made films entering the U.S. to protect the domestic film industry, which is perceived to be under threat from international competition [1] - The European steel industry has faced a significant decline, with exports to the U.S. dropping by 1 million tons, resulting in a loss of approximately €2 billion since the implementation of a 25% tariff on steel and aluminum imports [1] Group 2: U.S. Debt and Negotiation Strategies - Japan has reversed its stance on using U.S. Treasury bonds as a bargaining chip in trade negotiations, stating that it does not intend to leverage the sale of its U.S. debt holdings for negotiation advantages [2] Group 3: Workforce Reduction in Agriculture - Over 15,000 employees, approximately 15% of the total workforce at the U.S. Department of Agriculture, have accepted a voluntary separation incentive plan under the Trump administration aimed at reducing federal workforce size [3]

Core Viewpoint - The article analyzes the historical impact of tariff impositions on financial markets, focusing on the immediate effects observed in the first month following the implementation of tariffs on various goods from Canada, Mexico, and China [1][2]. Historical Tariff Impact on Specific Industries and Countries - The tariffs imposed in 2018 on solar panels and washing machines had minimal impact on broad market indices, with fluctuations attributed to other macroeconomic factors [2]. - The solar panel tariff led to a 9% decline in the Chinese semiconductor and electrical equipment stock index within the first month, with a 4% drop occurring in the first week [8]. - The washing machine tariff resulted in a 5%-7% drop in stock prices of leading manufacturers in the first month, with a 2%-5% decline in the first week [9]. - The steel and aluminum tariffs caused a 5% drop in the global industrial index in the first month, with further declines in specific country indices [10]. Currency Exchange Rate Effects - Following the implementation of tariffs, the Canadian dollar and euro depreciated by less than 1% against the US dollar, while the Mexican peso appreciated by approximately 6% [11]. US-China Trade War Analysis - During the heightened tariff threats between the US and China from January to June 2018, the US broad stock index fell by 4%, while the Chinese index dropped by 13% [12]. Hypothetical Analysis of Tariff Effects - Historical observations suggest that tariffs on key goods can lead to a 5% decline in related industry stocks within the first month, with leading companies experiencing a 10%-15% drop [13]. - A hypothetical scenario involving tariffs on Mexican automotive imports could result in a 9% drop in the Mexican automotive parts index and a 4% drop in the US automotive parts index [14]. Long-term Tariff and Retaliation Measures Analysis - A scenario involving mutual tariffs between the US and Canada could lead to a 5% decline in the US stock index and a 10% decline in the Canadian stock index, along with a 3% depreciation of the Canadian dollar [16].