据环球网报道，2025年12月10日，墨西哥国会的投票结果让中墨经贸关系突然踩下急刹车。参议院76票 赞成、5票反对、35票弃权，众议院281票赞成，压倒性多数通过的新关税法案，给即将到来的2026年蒙 上一层阴影。这份涵盖1463类商品的法案明确，明年1月1日起，对中国等亚洲国家的汽车、纺织品等产 品征收5%到50%的关税，汽车及零部件税率直接从20%飙升至50%，纺织品关税更是触及上限。更值得 玩味的是，其35%的基础税率，竟比美国对华同类商品关税还要高出一截。 墨西哥经济部长埃布拉德嘴上说着"不针对任何国家"，只说是为本土制造"筑护栏"，但数据不会说谎。 2024年中墨贸易总额1094.26亿美元，中国对墨出口就占902.32亿美元，法案覆盖的520亿美元进口商品 中，中国企业是绝对主力。这种"精准打击"的手法，与其说是产业保护，不如说是递向美国的"投名 状"——毕竟《美墨加协定》首次全面审查在即，美国最担心的就是中国商品借墨西哥"绕道"入美。特 朗普近期更是放话，不排除将军事扫毒行动扩大到墨西哥，这种软硬兼施的施压，墨方显然接收到了。 编辑 墨政府画了张漂亮的大饼：每年能增收37.6亿美元关税，挽回3 ...

天眼查App显示，近日，河南宜居季供应链管理有限公司成立，法定代表人为高祥，注册资本100万人 民币，经营范围为一般项目：橡胶制品制造；橡胶制品销售；海绵制品制造；海绵制品销售；羽毛 （绒）及制品销售；羽毛（绒）及制品制造；针纺织品销售；家用纺织制成品制造；互联网销售（除销 售需要许可的商品）；广告制作；广告发布；数字广告发布；数字广告制作；平面设计；市场营销策 划；信息咨询服务（不含许可类信息咨询服务）（除依法须经批准的项目外，凭营业执照依法自主开展 经营活动）。 ...

2025年1至6月份，孚日股份的营业收入构成为：纺织品占比69.82%，其他行业占比22.53%，化工行业 占比3.88%，涂层材料行业占比3.78%。 截至发稿，孚日股份市值为97亿元。 每经头条（nbdtoutiao）——专访管涛：美国政府经济贸易政策正逐渐动摇美元本位国际货币体系，利 多因素下人民币汇率有可能破7 每经AI快讯，孚日股份（SZ 002083，收盘价：10.27元）12月12日晚间发布公告称，安信投资通过深圳 证券交易所交易系统以集中竞价方式累计增持公司股份300万股，占公司总股本的0.32%，增持金额约 为2910万元。公司于2025年12月12日收到安信投资及其一致行动人的通知，相关增持计划已实施完毕。 （记者 贾运可） ...

嘿，各位朋友，大家好！今天我带来一篇关于国际局势的观察，聚焦美国以50%的高关税向印度施压 后，印度是如何迅速调整外交策略，积极寻求与中国和欧洲的合作，同时坚决拒绝成为任何大国博弈中 的附庸。 2025年8月，美国特朗普政府突然宣布对印度商品加征高达50%的关税，声称此举是为了回应 印度持续从俄罗斯采购能源。紧接着，美方加大了与巴基斯坦的战略互动，推动双方在加沙维和以及中 亚矿产开发上的合作。这一系列举措让新德里措手不及，印度的外交节奏被完全打乱。 面对如此巨大的压力，印度是否只能选择低头？然而，它却加快了与中国、俄罗斯接触的步伐，并深度 发展与欧洲的关系。那么，这种被称为多向结盟的外交策略，到底是被迫反应，还是印度早有谋划？它 是短期的应急之策，还是印度长期战略布局的一部分呢？ 美国这次给印度上了生动的一课，让它更加 深刻理解到现实政治的残酷与复杂。 在过去的十多年里，印度的外交战略看起来似乎很明确：高举战略自主的旗帜，但实际上却不断拉近与 美国的关系，把美印关系作为应对地区安全挑战的重要支点。尤其在特朗普的第一个任期里，特朗普与 莫迪的互动频繁，两国高层互访不断，使得印度决策层普遍认为，若特朗普再次入主白 ...

墨西哥国会众议院不理中方及国内商业团体反对，通过法案，对中国及其他没有与墨西哥签署贸易协议的亚洲国家（印度、南韩、泰国及印尼等）加征最高50%的关税。法案仍需参议院通过。今次通过的法案较原本的建议具弹性。对汽车、汽车零件、纺织品、服装、塑胶和钢铁等大部份商品的关税税率为35%。有执政党的众议员指，加征关税不会影响通胀。法案最后在众议院获281票赞成、24票反对及149票弃权下通过。有分析认为，墨西哥政府希望在检视美墨加贸易协定取悦美方。 ...

Core Viewpoint - China's goods trade showed resilience in November, with a total import and export value of 3.9 trillion yuan, reflecting a growth of 4.1% year-on-year, driven by strong exports to the EU and Belt and Road Initiative countries [1][3]. Group 1: Trade Data Overview - In the first eleven months of 2025, China's total goods trade value reached 41.21 trillion yuan, up 3.6% year-on-year, with exports at 24.46 trillion yuan (6.2% growth) and imports at 16.75 trillion yuan (0.2% growth) [1]. - In November alone, exports were 2.35 trillion yuan (5.7% growth) and imports were 1.55 trillion yuan (1.7% growth) [1]. Group 2: Trade Partners - ASEAN remains China's largest trading partner, with trade totaling 6.82 trillion yuan (8.5% growth), accounting for 16.6% of China's total foreign trade [3][5]. - Trade with the EU reached 5.37 trillion yuan (5.4% growth), making up 13% of total foreign trade, while trade with the US fell to 3.69 trillion yuan (16.9% decline), representing 8.9% of total foreign trade [3]. Group 3: Trade Structure and Product Categories - The trade structure is optimizing, with mechanical and electrical products dominating exports, totaling 14.89 trillion yuan (8.8% growth), making up 60.9% of total exports [7]. - Exports of labor-intensive products decreased to 3.7 trillion yuan (3.5% decline), now accounting for 15.1% of total exports [7]. Group 4: Future Outlook and Policy Measures - The outlook for foreign trade in 2026 indicates both opportunities and challenges, with expectations of controlled downward pressure on exports and stable employment in the foreign trade sector [10]. - Proposed measures to support foreign trade include enhancing domestic consumption, providing targeted financial support to export enterprises, and diversifying markets through new trade agreements [10][11].

每经AI快讯，孚日股份（SZ 002083，收盘价：9.31元）12月4日晚间发布公告称，孚日集团股份有限公 司（以下简称"公司"）于2025年12月4日收到高密安信投资管理股份有限公司（以下简称"安信投资"） 及其一致行动人的通知，安信投资于2025年12月4日通过深圳证券交易所交易系统集中竞价交易方式增 持公司股份1,595,500股，占公司总股本的0.17%。安信投资及其一致行动人自2025年12月4日起6个月内 通过深圳证券交易所集中竞价增持公司股份，增持股份数量150万股到300万股。 2025年1至6月份，孚日股份的营业收入构成为：纺织品占比69.82%，其他行业占比22.53%，化工行业 占比3.88%，涂层材料行业占比3.78%。 截至发稿，孚日股份市值为88亿元。 每经头条（nbdtoutiao）——让"铁疙瘩"从数万米高空精准"踩刹车"，中国商业航天"降本复用"只差"最 后一公里"！朱雀之后，同行排队接力 （记者 曾健辉） ...

Group 1 - The US-Switzerland tariff negotiations collapsed due to the US's demand for control over Swiss investments, which Switzerland rejected as an infringement on its sovereignty [2][3] - Switzerland's economy, heavily reliant on financial services and high-end manufacturing, is less dependent on the US compared to Japan, which agreed to similar terms due to its security reliance on the US [5] - The US imposed a 39% tariff on Swiss exports earlier this year, significantly impacting Switzerland's pharmaceutical and precision instrument sectors, prompting urgent negotiations [2][3] Group 2 - The US's trade strategy in Southeast Asia faces challenges, as seen in agreements with Malaysia and Cambodia that include "poison pill" clauses aimed at countering Chinese influence [7] - Malaysia and Cambodia's leaders emphasized that their agreements with the US do not target specific countries, aiming to maintain their economic ties with China [7] - Indonesia's outright rejection of similar US conditions highlights the limitations of US pressure on medium-sized economies, as they seek to protect their economic sovereignty [9] Group 3 - The breakdown of US-Switzerland negotiations and China's proactive response in Southeast Asia indicate a shift in global trade dynamics, moving away from unilateralism towards a more balanced approach [9] - The evolving trade landscape suggests that multiple powers will increasingly influence trade rules, reducing uncertainty and fostering cooperation [9]

Core Viewpoint - The textile and apparel industry is experiencing strong revenue growth, with companies adjusting their annual guidance upwards due to better-than-expected performance in Q3 FY2025, driven by brand strength and operational efficiency improvements [1][2][3]. Revenue Performance - FY2025 Q3 revenue reached 790 million CHF, exceeding market expectations of 770 million CHF, with a year-on-year growth of 34.5% at constant exchange rates [1]. - Revenue growth by region: Americas (+21% to 440 million CHF), EMEA (+33% to 210 million CHF), and Asia-Pacific (+109% to 140 million CHF), with Asia-Pacific achieving triple-digit growth for four consecutive quarters [2]. - Revenue growth by channel: Direct-to-Consumer (DTC) (+37.5% to 310 million CHF) and wholesale (+32.5% to 480 million CHF), both maintaining strong growth [2]. - Revenue growth by product category: Footwear (+30% to 730 million CHF), apparel (+100% to 50 million CHF), and accessories (+161% to 10 million CHF), indicating improved market share across channels and regions [2]. Profitability Metrics - Gross margin increased by 5.1 percentage points to 65.7%, benefiting from strong brand growth and operational improvements [1]. - Adjusted EBITDA rose by 49.8% to 180 million CHF, with an adjusted EBITDA margin of 22.6% [1]. - Net profit attributable to shareholders surged by 290% to 120 million CHF, with a net profit margin increase of 10.2 percentage points to 15.0% [1]. Inventory and Guidance - Inventory at the end of FY2025 Q3 was 380 million CHF, reflecting a year-on-year increase of 9%, with healthy inventory levels expected to be maintained [3]. - The company has raised its full-year guidance, projecting at least 34% revenue growth for FY2025, targeting sales of 2.98 billion CHF, up from a previous estimate of 2.91 billion CHF [3]. - Expected gross margin for FY2025 is approximately 62.5%, an increase from the prior guidance of 60.5%-61% [3]. - Adjusted EBITDA margin is anticipated to be above 18%, up from the previous guidance of 17%-17.5% [3].

Core Viewpoint - The article highlights that China is projected to achieve a record high current account surplus, reaching 1% of global GDP by 2029, surpassing the historical levels of the United States in the late 1940s, driven by China's strategic focus on both traditional manufacturing and high-tech industries [1][2]. Group 1: Economic Performance and Strategy - Goldman Sachs economists predict that by 2029, China's current account surplus will reach 1% of global GDP, marking the highest level ever recorded for a single economy [1]. - The article emphasizes that China's industrial development has not followed the traditional model of moving from low-value to high-value production, but rather maintains dominance in traditional sectors while advancing in high-tech industries like electric vehicles and IT [1][2]. Group 2: Global Impact and Relations - The article critiques Western media narratives that accuse China of monopolizing traditional industries and limiting competition for developing countries, arguing that China's actions have actually supported the development of these nations through infrastructure and clean energy projects [3][4]. - It is noted that China has engaged in extensive cooperation with over 200 countries in renewable energy and has significantly improved transportation infrastructure in Africa, creating jobs and economic benefits for partner countries [3][4]. Group 3: Geopolitical Tensions - The article discusses how Western countries, particularly the U.S., are attempting to maintain their dominance in the international economic system by imposing barriers on developing countries' industrial upgrades, while simultaneously discrediting those that succeed [4][5]. - It highlights the U.S. government's recent trade negotiations that include controversial "poison pill" clauses aimed at limiting countries' agreements with China, reflecting a strategy to counter China's influence in Southeast Asia [8][9].