【文/观察者网 阮佳琪】 被美国最高法院"缴械"的特朗普，很快祭出了全新的15%全球统一关税，对所有贸易伙伴发起新一轮无 差别攻击。 《金融时报》22日援引数据炒作称，特朗普这一新关税政策的最大受益者，反而是美方多次无端批评的 中国和巴西；英国、欧盟、日本等美国传统盟友，则成为最主要受损方。 英媒引述的"全球贸易预警组织"（GTA）测算数据称，巴西平均关税降幅最大，将下降13.6个百分点； 其次是中国，下降7.1个百分点。 GTA首席经济学家约翰内斯·弗里茨（Johannes Fritz）表示，此前遭受白宫严厉批评并被加征高额关税 的中国、巴西、墨西哥、加拿大等国，此次关税下调幅度最为显著；常被特朗普指责对美顺差过高的越 南、泰国、马来西亚等亚洲制造业经济体，其服装、家具、玩具、塑料等行业同样将从新政策中获益。 其中英国受损最大。此前英国已争取到多数商品适用于10%关税，如今平均税率反而要上升2.1个百分 点。英国商会称，约4万家对美出口企业对此感到失望，呼吁政府尽快与美方沟通。 前英国贸易部官员、现咨询机构SEC Newgate分析师艾莉·雷尼森（Allie Renison）认为，英国正陷入两 难，不知应争 ...

(新春走基层)新年新衣新气象 年味也是"团结味" 中新网株洲2月21日电(记者 程小路)农历马年春节前，湖南省株洲市芦淞区服饰市场经理协会被命名为 全国民族团结进步示范区示范单位。春节期间，记者走进芦淞服饰市场(以下简称"市场")一探究竟：这 个由20世纪80年代"马路市场"发展而来的千亿产业集群，为何强调民族团结？ 2月13日，株洲市芦淞区的服装市场举行"2026炎帝服饰文化节"。图为一名顾客经过在此展出的非 遗技艺作品与民族服饰。 程小路 摄 藏族夫妇过年"不打烊" 根据市场管理方统一安排，汇聚38个专业市场、2万余商户的芦淞服饰市场群2月15日起休市，28日开 市。不过，经营外摆摊位的扎西(本名西木拉)和妻子梅姐2月20日就来到毗邻火车站的堤升街，如往常 一般摆开户外摊位，开启马年新春首日营业。 当天适逢寒潮结束、气温回暖，加上地处市中心，因此有不少市民来逛街购物。但毕竟时值休市，扎西 对营业额没有太多期待。"摊位上服饰价格低，利润薄，全靠'走量'。"他向记者介绍，外摆摊位多为"一 口价"几十元的服饰单品，卖得多才有得赚。大年初四的客流量不及年前，空闲时，隔壁摊位的陕西大 哥举着手机向扎西展示老家社火视 ...

原标题：《美大法官"大战"总统，6：3裁定特朗普关税违法：1.4万亿美元收入"落空"，或撕开美国财政千亿黑洞！特朗普闪电反击》 每经记者|兰素英 宋欣悦 岳楚鹏 每经编辑|何小桃 王嘉琦 杜波 当地时间2月20日，美国最高法院以6：3裁定特朗普政府依据《国际紧急经济权力法》实施的大规模关税违法。 这场司法终槌直接让美国未来十年超1.4万亿美元关税预期收入"落空"，还留下1750亿美元的退税悬案。千亿财政窟窿亟待填补，美债收益率应声上涨。 面对裁决，特朗普政府紧急唤醒沉睡52年的法律条款，宣布开征10%的"全球进口关税"。 当地时间2026年2月20日，美国最高法院以6：3的投票结果作出重磅裁决：特朗普政府依据《国际紧急经济权力法》（IEEPA）实施的大规模关税措施违 法。 这一纸裁决，不仅瞬间叫停了多项加征关税，让未来十年超1.4万亿美元的联邦财政预期收入化为泡影，更直接撕开了一个巨大的财政"黑洞"——高达 1750亿美元的潜在退税悬案正步步紧逼。 面对这突如其来的巨额资金窟窿，有分析警告称，紧迫的短期流动性风险将迫使美国财政部发行更多债券来填补缺口，这恐将直接推高美债收益率。 而与此同时，白宫已紧急重启沉睡 ...

Group 1 - The trade friction between the US and China, which began in 2018, has led to significant global attention, with many experts suggesting that the US underestimated China's economic resilience and supply chain strength [1][3] - The US initially imposed tariffs on steel and aluminum, followed by additional tariffs on Chinese goods, but these measures resulted in increased costs for American consumers and farmers, while China successfully found alternative markets [3][4] - China's trade surplus with the US is projected to reach a new high of $1 trillion by 2025, indicating that the US's strategy to reshape its manufacturing base through tariffs has not been effective [4][6] Group 2 - Experts argue that the US's inconsistent policies have led to a perception that China is a more reliable partner, causing other countries to shift their trade relationships towards China [6][9] - The trade war has prompted China to enhance its technological self-sufficiency, particularly in sectors like semiconductors, as the US's restrictions have spurred increased domestic investment [3][11] - The global trade landscape has shifted, with countries initially aligning with the US now adopting a more cautious approach, recognizing China's strength and resilience in the face of trade pressures [9][11] Group 3 - The US's talent outflow, particularly in fields like artificial intelligence, has been exacerbated by policies that inadvertently push skilled professionals back to China [7] - China's strategic response to the trade war includes diversifying its markets and strengthening economic ties with emerging markets, which enhances its global influence [11] - The ongoing trade tensions have highlighted the vulnerabilities in the US economy, particularly its reliance on Chinese manufacturing, as the US struggles to find alternatives for many Chinese imports [6][11]

Core Viewpoint - The restructuring of the controlling shareholder of Shanshan Co., Ltd. will lead to a change in actual control to the Anhui Provincial State-owned Assets Supervision and Administration Commission, which may indirectly affect the long-term positioning and capital attention of the Shanshan brand due to potential resource integration or strategic adjustments within the group [1]. Performance and Business Situation - Shanshan brand's mid-term performance shows a year-on-year revenue decrease, with net profit slightly declining, primarily due to the closure of inefficient stores and optimization of live-streaming business. It is essential to monitor whether the annual financial report will continue the contraction strategy and signal profit improvement [1]. Stock Recent Trends - As of recent data, Shanshan brand's stock price is reported at HKD 0.95, with a 7-day volatility of 8.51%. The MACD histogram is in the negative zone, indicating weak short-term momentum. If trading volume increases or breaks through the middle track of the Bollinger Bands, it may reflect changes in market sentiment [1]. Future Development - Currently, there are no significant announcements for Shanshan brand, and its stock price fluctuations are mainly influenced by the sentiment in the Hong Kong apparel sector and the restructuring progress of Shanshan Co., Ltd. Investors need to distinguish the operational differences between Shanshan brand and Shanshan Co., Ltd. [2].

今年首月柬埔寨与RCEP成员国贸易额实现大幅增长 编辑：万可义 另据柬新社20日报道，柬埔寨服装、鞋类和旅行用品(GFT)行业今年1月份实现出口收入近14亿美元， 较去年同期稳步增长。 报道引述柬埔寨商业部报告称，今年首月，柬埔寨GFT行业出口总额为13.98亿美元，同比增长7.2%。 其中，服装出口额10.14亿美元，同比增长6.7%；鞋类出口额1.96亿美元，同比增长16.8%；旅行用品类 产品出口额1.88亿美元，同比增长1.1%。 报告显示，作为柬埔寨最大的外汇收入来源，GFT行业占该国出口总额的46.5%。柬GFT产品主要销售 市场包括美国、欧盟、加拿大和日本等国家和地区。(完) 来源：中国新闻网 中新社金边2月21日电 最新统计数据显示，今年第一个月柬埔寨与《区域全面经济伙伴关系协定》 (RCEP)成员国之间贸易总额超过37亿美元。其中，柬对RCEP成员国出口额为9.27亿美元，同比增长 19.34%；自RCEP成员国进口额28.3亿美元，同比增长13.32%。 当地时间20日，《金边邮报》援引柬埔寨海关总署消息说，柬埔寨的四大RCEP贸易伙伴包括中国、越 南、日本和韩国。 柬埔寨王家研究院一名经 ...

以上内容基于公开资料整理，不构成投资建议。 经济观察网 基于最新公开信息，截至2026年2月，露露乐蒙（LULU.US）有以下值得关注的事件动态： 高管变动：首席执行官Calvin McDonald已于2026年1月31日卸任，目前由CFO Meghan Frank和首席商务 官Andre Maestrini暂任联席CEO，以确保战略连续性。董事会正在物色永久继任者，这一过程可能影响 公司未来战略方向。 公司治理与供应链：知名投资机构Elliott Management已建立头寸，可能推动公司资本配置和治理结构的 调整，带来潜在变革。 战略推进：公司加速全球布局，计划在2026年于中国新增15-20家门店，并推出专属产品线，以应对北 美市场疲软。 ...

Group 1 - The U.S. Supreme Court ruled that President Trump's imposition of tariffs during his second term was illegal, stating that the invocation of the International Emergency Economic Powers Act (IEEPA) exceeded presidential authority [1] - The court emphasized that the power to regulate imports under IEEPA does not include the authority to impose tariffs unilaterally [1] - The ruling was initiated by multiple U.S. business groups, supported by 12 state governments, claiming that the tariffs caused significant harm to business operations and state economies [1] Group 2 - Despite some concessions on the most severe tariffs, the effective tariff rate in the U.S. is projected to remain above 10% until the end of 2025, the highest level since World War II [2] - Following the ruling, market reactions were mixed, with major retail companies showing varied stock performance; Walmart's stock fell by 1.8%, while Home Depot's rose by 1.2% [2] - Automotive and apparel stocks generally performed well, with Cars.com up by 2%, and Nike increasing by over 2.6% [2] Group 3 - Democratic lawmakers welcomed the ruling, viewing it as a victory for the rule of law and the American people's interests, asserting that trade legislative authority belongs to Congress [3] - The immediate impact on financial markets was limited, with the dollar index briefly declining before stabilizing, and the S&P 500 and Nasdaq indices experiencing fluctuations [3] - Market predictions indicate a 66% probability that the court will order Trump to refund tariffs by July 2026, a significant increase from the previous estimate of around 30% [3]

"'新中式'、新国潮的本质，是一场深度的文化回归与创新实践。"中国纺织工业联合会副会长、中国服 装协会会长陈大鹏认为，"新国潮的核心是实现传统文化精神和现代产业体系、数字技术应用、商业生 态建设的深度融合。" 宋锦国风马甲轻盈灵动，珠片绣丝绒外套雅致端庄……马年新春，蕴含中式美学的国潮服饰持续走俏。 作为近年来消费市场的重要增长点，国潮服饰不仅引领穿搭新潮流，更催生千亿元级规模的消费蓝海。 在北京市西城区中海大吉巷的一家服装店，橱窗模特身着的橄榄绿色丝绒套装吸引了众多目光。店员介 绍，这套新中式服装采用了经典的中式立领、手工刺绣，通过对传统色彩、服饰形制、非遗工艺和东方 意境的现代解构与创新表达，让国潮美学真正融入日常生活。 针脚勾勒山水意境、纹样浓缩文化精粹。国潮服饰兴起，根源在于国人文化自信不断增强。数据显示， 2024年以"新中式"为代表的国潮服饰市场规模超2200亿元，2025年国风国潮服装品类延续了较快增长态 势。 深耕中国市场30余年的服装品牌真维斯，在2026年农历新年前夕迎来销售高峰，折射出国潮服饰消费的 新趋势。旭日商贸（中国）有限公司副总经理兼真维斯电贸总经理刘伟文介绍，一方面节前消费呈现 ...

Core Insights - The central economic work meeting in December 2025 emphasized the importance of "domestic demand as the main driver" for economic work in 2026, with Guangdong launching the "Guangdong Goods Going Global" spring initiative to enhance the visibility and influence of local products [1] Group 1: Current Status of "Guangdong Goods" - The concept of "Guangdong Goods" has evolved from traditional products to include modern innovations such as drones, electric vehicles, and 5G smartphones, while traditional products like clothing and furniture have undergone brand rejuvenation [1] - Guangdong's foreign trade reached a record high of 9.49 trillion RMB in 2025, accounting for 20.9% of the national total and contributing 24.1% to national foreign trade growth [2] Group 2: Competitive Advantages of "Guangdong Goods" - The national open policy has provided a fundamental guarantee for the international expansion of "Guangdong Goods," aligning with central government initiatives to boost consumption and supply quality products [3] - Guangdong's manufacturing system has shown resilience amid global economic adjustments, with over 530 local enterprises participating in international trade exhibitions, highlighting their significant role in the global supply chain [3] Group 3: Strategies for Advancement - Improving product quality is essential, focusing on establishing a comprehensive quality control system and fostering "champion" enterprises in niche markets to create differentiated competitive advantages [4] - Reducing product costs through supply chain collaboration, digital transformation, and leveraging economies of scale is crucial for enhancing competitiveness [5] - Enhancing after-sales service systems to provide comprehensive support and improve brand loyalty in global markets is a priority [5] Group 4: Environmental and Market Expansion Strategies - Emphasizing green transformation to align with international environmental standards and promote sustainable development in manufacturing is vital [7] - Expanding international markets by integrating Lingnan culture into product design and marketing strategies can enhance global competitiveness [8]