今年以来，特朗普2.0关税政策对全球经贸格局的影响日益显现。面对美国对等关税等附加关税的冲击，中央财经大学国 际经济与贸易学院院长、教授张晓涛建议，中国出口企业在市场多元化拓展中，应重视东盟、非洲和拉美等新兴市场以 及不发达国家市场的开拓与深耕，同时注重提升产品质量和加大品牌建设力度；出口转内销要突破运营模式调整、渠道 与团队重建及知识产权风险规避等多重障碍；实施海外投资，实现产能本地化，企业则要在运营交付能力、组织架构与 团队管理、成本管控等方面达到更高要求，以规避运营成本攀升、本地化合规不足、产业集群依赖等风险。 张晓涛认为，当前全球经贸规则格局正从二战后的"秩序法则"转向单边主义的"实力法则"。中国企业需理性评估自身在 产业链中所处的位置，结合形势审慎决策，在市场布局、运营模式与国际化战略上进行系统性、整体考量调整，以应对 这场历史性、趋势性的经贸规则与经贸格局变革。 瀚闻资讯分析师杨凤杰指出，在全球经贸规则重塑背景下，地缘政治驱动、规则碎片化加速、安全韧性优先等非理性特 征主导全球贸易格局，成为企业开展国际贸易不确定性的最大来源，也倒逼中国企业重塑全球化竞争逻辑。从化解路径 上看，企业转内销需应对产品 ...

Core Insights - Cambodia's trade with ASEAN countries reached $9.67 billion in the first seven months of the year, marking a year-on-year growth of 5.2% [1] - The trade volume with ASEAN accounted for 26.3% of Cambodia's total international trade during the same period [1] Trade Exports and Imports - Exports to ASEAN amounted to $3.53 billion, reflecting a significant year-on-year increase of 17.8% [1] - Imports from ASEAN totaled $6.14 billion, showing a slight year-on-year decline of 0.9% [1] Major Trade Partners - Vietnam remains Cambodia's largest trading partner, with bilateral trade reaching $4.95 billion, up by 7.5% [1] - Thailand is the second-largest partner, with trade around $2.4 billion, experiencing a minor decline of 0.6% [1] - Singapore ranks third with a trade volume of approximately $900 million, increasing by 17.1% [1] - Indonesia is fourth with about $600 million in trade, down by 9% [1] - Malaysia holds the fifth position with trade also around $600 million, growing by 11% [1] Key Export and Import Goods - Major exports from Cambodia to ASEAN include agricultural products, clothing, footwear, bags, electronics, and bicycles [1] - Key imports from ASEAN consist of food and beverages, electrical and electronic equipment, construction materials, agricultural machinery, and vehicles [1]

8月13日，大健云仓(GCT)盘中上涨2.73%，截至22:32，报31.59美元/股，成交999.63万美元，总市值 11.90亿美元。 财务数据显示，截至2025年06月30日，大健云仓收入总额5.95亿美元，同比增长5.8%；归母净利润 6169.8万美元，同比增长13.91%。 作者：行情君 资料显示，大健云仓科技公司是一家在开曼群岛注册成立的境外控股母公司,主要由其境内实体子公司 大健云仓科技(苏州)有限公司运营。大健云仓"是从事大件商品出口的B2B交易平台,是全球领先的国际 贸易数字化服务商。依靠国际化商业架构,自有全球化物流仓储系统及精准数据营销分析系统,打造"全球 家居流通骨干网"。 本文源自：金融界 ...

Group 1 - AstraZeneca has made continuous investments in Qingdao, Shandong for three consecutive years, with a new production base expected to be operational by the end of 2028 [1] - Germany's Almayer Group has also increased its investment for the fourth time, establishing a new calcined alumina plant in Qingdao, indicating strong foreign interest in the region [1] - The Chinese government emphasizes the importance of high-level opening up and reform, aiming to create new opportunities for economic development in Qingdao [1] Group 2 - The China-Europe Railway Express from Qingdao reaches Europe in just 17 days, while truck transport to Moscow takes only 7 days, showcasing the efficiency of logistics in the region [2] - Qingdao has established a comprehensive logistics network, connecting over 700 ports in more than 180 countries and regions, with 32 regular China-Europe Railway routes linking 54 cities in 23 countries [2] - The city is actively expanding its international logistics channels to enhance trade and industry integration, indicating significant growth potential [2] Group 3 - Qingdao's Free Trade Zone has implemented a "white list" system for medicinal and food products, significantly reducing transaction costs for businesses by 50% [3] - Over 60 companies in the medicinal and food sector have settled in the Qingdao Free Trade Zone, creating a multi-industry chain that includes import, processing, and cross-border trade [3] - Recent reforms have eliminated restrictions on trade volume for small and medium enterprises, allowing more businesses to benefit from the new policies [3] Group 4 - The establishment of the China-Shanghai Cooperation Organization Local Economic and Trade Cooperation Demonstration Zone in Qingdao aims to enhance industrial internet services and support for smart home appliance industries [4] - The Haier Group's industrial internet ecosystem has seen a significant increase in orders, reflecting the success of the new industrial model [4] Group 5 - Qingdao is enhancing its policy framework to improve information sharing, logistics connectivity, and project collaboration among Shanghai Cooperation Organization member states [5] - The Shandong government has proposed 23 support measures across four areas to accelerate the development of the Shanghai Cooperation Organization Demonstration Zone [6] - Continuous efforts are being made to promote higher levels of opening up and to inject new momentum into regional cooperation [6]

2025.08. 12 本文字数：1959，阅读时长大约3分钟 作者 | 第一财经 冯迪凡 当地时间11日，世贸组织（WTO）确认，巴西已就美国关税措施向WTO提出争端磋商请求。 巴西称，美国已对所有巴西产品征收10%的关税，并对部分巴西原产产品额外征收40%的关税。第一财经记者看到，该争端磋商请求的通讯 文件已于8月11日分发给WTO各成员。 巴西称，美国这些措施违反了《1994年关税与贸易总协定》(GATT 1994)和《关于争端解决规则与程序的谅解》(DSU)中多项条款。 据央视报道，当地时间8月5日，巴西总统卢拉称，美国总统无权对巴西加征50%的高额关税，巴西政府将保护受影响的工人和企业，动用一 切可用手段，首先是向世界贸易组织提出申诉，以捍卫国家利益。 通讯文件显示，7月15日，USTR办公室启动了对巴西所谓"对美国社交媒体公司以及其他损害美国公司、工人、农民和技术创新者的不公平 贸易行为"的301条款调查。随后在7月30日，美国总统发布了一项题为"应对巴西政府对美国构成的威胁"的行政命令。该行政命令重申了美 国总统于7月9日致巴西总统的信函中提出的指控。 该行政命令声称，巴西政府所谓的"政策、做法 ...

Core Viewpoint - Brazil has formally requested dispute consultations with the WTO regarding the high tariffs imposed by the United States, claiming these measures violate multiple provisions of international trade agreements [1][5]. Group 1: Tariff Measures - The U.S. has imposed a 10% tariff on all Brazilian products and an additional 40% tariff on certain Brazilian-origin products [1][3]. - Starting August 1, 2025, the U.S. plans to impose a 50% tariff on all Brazilian imports, which Brazil argues is unjustified and unrelated to the economic relationship between the two countries [3][4]. - Brazil asserts that the U.S. has a trade surplus with Brazil, contradicting claims that the trade deficit poses a significant threat to U.S. economic security [3][4]. Group 2: Legal Basis for the Complaint - Brazil claims that the U.S. actions violate the General Agreement on Tariffs and Trade (GATT 1994) and the Dispute Settlement Understanding (DSU) [5][6]. - Specific violations include the imposition of additional tariffs on Brazilian products while exempting certain other trading partners, which Brazil argues is discriminatory [6]. - Brazil reserves the right to present further facts and claims during the consultation process and anticipates a response from the U.S. regarding the request [6].

Group 1 - AstraZeneca has made continuous investments in Qingdao, Shandong for three consecutive years, with a new production base expected to be operational by the end of 2028 [1] - Germany's Almayer Group has also increased its investment for the fourth time, establishing a new calcined alumina plant in Qingdao, indicating strong foreign interest in the region [1] - The Chinese government emphasizes the importance of high-level opening up and reform, aiming to create new opportunities for economic development in Qingdao [1] Group 2 - The China-Europe Railway Express from Qingdao reaches Europe in just 17 days, while truck transport to Moscow takes only 7 days, showcasing the efficiency of logistics in the region [2] - Qingdao has established a comprehensive logistics network, connecting over 700 ports in more than 180 countries and regions, with 32 regular China-Europe Railway routes linking 54 cities in 23 countries [2] - The city is actively expanding its international logistics channels to enhance trade and industry integration, indicating significant growth potential [2] Group 3 - Qingdao's Free Trade Zone has implemented a "white list" system for medicinal and food products, significantly reducing transaction costs by 50% for related enterprises [3] - Over 60 companies in the medicinal and food sector have settled in the Qingdao Free Trade Zone, creating a multi-industry chain that includes import, processing, and cross-border trade [3] - Recent reforms have eliminated restrictions on trade enterprises, allowing more small and medium-sized businesses to benefit from the new policies [3] Group 4 - The establishment of the China-Shanghai Cooperation Organization Local Economic and Trade Cooperation Demonstration Zone in Qingdao aims to enhance industrial internet services and support for smart home appliance industries [4] - The Haier Group's industrial internet ecosystem has seen a significant increase in overall order volume, reflecting the success of the initiative [4] Group 5 - Qingdao is enhancing its policy framework to improve information sharing, logistics connectivity, and project collaboration among Shanghai Cooperation Organization member states [5] - The Shandong government has proposed 23 support measures across four areas to accelerate the development of the Shanghai Cooperation Organization Demonstration Zone [6] - The local government is committed to advancing higher levels of openness and fostering high-quality development to inject new momentum into regional cooperation [6]

扩大制度型开放，耕好开放试验田—— 英国阿斯利康公司连续3年在山东青岛追加投资，新生产基地预计2028年底投产；深耕青岛27年的德国 安迈铝业集团第四次增资，新建煅烧氧化铝工厂……跨国公司用行动证明，世界看好中国，看好青岛。 2024年5月，习近平总书记在山东考察时强调："打造高水平对外开放新高地""要在进一步全面深化改 革、推进高水平对外开放上勇争先"。 深入贯彻落实习近平总书记重要指示精神，青岛着力实施更大范围、更宽领域、更深层次的开放，以对 外开放的主动赢得经济发展的主动，奋力打开改革发展新天地。 畅通物流大通道，做大国际朋友圈—— 从青岛驶出的中欧班列抵达欧洲腹地，仅需17天；货车经国际公路运输系统到俄罗斯莫斯科，仅需7 天……高质量共建"一带一路"为青岛带来了更多机遇。 "今年以来，我们抢抓中欧班列（济青）国家集结中心建设机遇，创新推出'仓、运、贸'一体化运营模 式，推动形成以物流促贸易、以贸易带产业的良性循环。"山东高速齐鲁号欧亚班列运营有限公司总经 理助理满坤说。 在青岛，开放的大门越开越大。青岛港连接180多个国家和地区的700多个港口；青岛胶东国际机场客运 航线可通达128个国内外城市；中欧 ...

Core Insights - The stock price of GCT increased by 6.68% on August 11, reaching $30.84 per share, with a total market capitalization of $1.162 billion [1] - For the fiscal year ending June 30, 2025, GCT reported total revenue of $595 million, reflecting a year-on-year growth of 5.8%, and a net profit attributable to shareholders of $61.698 million, which is a 13.91% increase compared to the previous year [1] Company Overview - GCT is a Cayman Islands-registered holding company primarily operated by its domestic subsidiary, GCT Technology (Suzhou) Co., Ltd. [2] - The company operates a B2B trading platform focused on the export of large goods and is recognized as a leading provider of digital services in international trade [2] - GCT leverages an international business structure, a global logistics and warehousing system, and precise data marketing analysis to establish a "global home goods circulation backbone network" [2] Share Buyback Activity - On August 7, GCT announced a cumulative share repurchase amounting to $46.03 million for the second quarter of 2025 [2]

Core Viewpoint - The article discusses the decline of the US dollar's credibility as the world's dominant currency due to various factors, including tariff policies and increasing national debt, which threaten its status as a global reserve currency [1][3][10]. Group 1: Impact of Tariff Policies - The US dollar has experienced a downward trend, particularly influenced by Trump's tariff policies, which have created significant risks for the global economy and the US economy [3][4]. - The average effective tariff rate in the US has reached 18.3%, the highest level since 1934, which has led to a loss of dollar credibility despite achieving some trade negotiation successes [3][4]. - Tariff policies raise trade barriers, making it harder for non-US countries to obtain dollars, thereby reducing the demand for the dollar and undermining its traditional influence [4][5]. Group 2: National Debt and Fiscal Deficits - The US national debt has surpassed $36.2 trillion, with interest payments becoming the fastest-growing part of government expenditures, projected to exceed $1 trillion in fiscal year 2024 [10][12]. - The increasing fiscal deficit, which reached $1.83 trillion in the previous fiscal year, has led to a cycle of rising national debt and interest payments, further eroding the credibility of the dollar [10][11]. - The Congressional Budget Office (CBO) predicts that the national debt could increase by $20 trillion over the next decade, raising concerns about the sustainability of the US government's ability to service its debt [11][12]. Group 3: Shift Towards De-dollarization - Many countries are actively seeking to reduce their reliance on the US dollar, creating alternative payment systems and exploring the establishment of new currencies to bypass dollar dominance [15][16]. - Initiatives such as bilateral trade agreements using local currencies and the establishment of regional payment systems indicate a growing trend towards a multi-polar currency system [15][17]. - The historical context suggests that the transition from a dollar-centric system to a diversified currency framework will be gradual and complex, reflecting the challenges of restoring trust once damaged [17].