【环球时报记者 肖震冬 环球时报驻德国特约记者 青木】在7月底达成贸易协议后，美欧之间的经贸博 弈仍未偃旗息鼓，反而产生诸多后续问题。据英国《卫报》、法新社等媒体报道，当地时间24日，美国 商务部长卢特尼克与贸易代表格里尔在比利时布鲁塞尔与欧盟各国贸易部长等官员举行高层会议，并共 进午餐，《卫报》将卢特尼克和格里尔此举称为"高风险举动"。目前华盛顿官员明确表示对欧盟执行贸 易协议的速度"感到失望"，而欧盟立法者则希望对协议进行修订，不少7月关税协议争议点延宕至今。 " 华盛顿的耐心正受到考验 " 此次贸易谈判是自10月初美国政府停摆以来的首次磋商 。此前，根据欧盟与美国8月21日公布的联合声 明，美国将对大多数欧盟输美商品征收15%的关税，而欧盟则承诺取消对美国产工业品的关税，并为美 国海产品和农产品提供优惠市场准入。为让美国尽快调降汽车关税，欧盟委员会8月提出一项立法，拟 取消部分美国商品的关税。然而，欧洲议会和理事会尚未通过该立法，《卫报》报道提到，立法程序可 能持续至明年2月。"欧洲新闻台"网站对此报道称，"华盛顿的耐心正受到考验"。 据"欧洲新闻台"网站报道，在会议之前，欧盟官员们表示，他们预计讨论将 ...

Group 1 - The EU is preparing to present an "implementation action plan" to the US to advance the next phase of the framework agreement [1][6] - Despite previous agreements on trade, the US government has expressed new dissatisfaction regarding the high tariff levels imposed by the EU on US exports [2][4] - The EU's exports to the US saw a significant month-on-month increase of 61% in September, reaching €53.09 billion, with a year-on-year rise of 15.4% [2] Group 2 - The framework agreement includes commitments from the US to maintain a maximum tariff rate of 15% on most EU imports, while the EU has proposed to eliminate tariffs on US industrial goods [4] - The European Parliament's International Trade Committee has proposed a key amendment, stating that the EU will only begin implementing its tariff reductions after the US removes its 50% additional tariffs on EU steel and aluminum [4] - The EU is actively pursuing new regulations to strengthen due diligence requirements in global supply chains and to prohibit the sale of products sourced from deforested land, which raises concerns for US businesses regarding compliance costs [5] Group 3 - The EU's action plan will focus on five key areas, including reducing tariff barriers, establishing systematic dialogue on standards and technical barriers, and enhancing cooperation in the steel and aluminum sectors [6][7] - The German metal industry is facing significant pressure from abroad due to the lack of reduction in steel and aluminum tariffs, with expectations of declining exports [7] - The action plan will also address strategic procurement and investment commitments in areas such as liquefied natural gas (LNG) and semiconductors [7]

Investment Dynamics - Thunder Innovation has completed a Series C financing round led by CITIC Jinshi, with participation from CITIC Securities International Capital and CITIC Securities Investment. The funds will focus on R&D in near-eye display, AI algorithms, and multimodal interaction, aiming to transition AR glasses from niche products to mainstream smart devices [3] - Nestlé is intensifying its efforts to develop nutritional solutions targeting emerging growth areas, particularly focusing on women's health, longevity, and weight management through strategic collaborations with universities [6] - Timex Group has acquired a 51% stake in Daniel Wellington, marking the brand's entry into Timex's multi-brand matrix while maintaining its independence and design ethos [8] - Wancheng Group plans to launch a non-deal roadshow (NDR) for its Hong Kong IPO on November 11, aiming to raise approximately $300 million to $500 million, equivalent to about 2.1 billion to 3.6 billion RMB [11] - Meet Noodle is set to begin its pre-IPO roadshow this month, with expected fundraising between $100 million to $200 million, which will be used for store expansion and central kitchen development [14] - If Coconut Water has signed a memorandum of cooperation with the Shanghai Xihongqiao government to establish its first mainland China branch, enhancing its product matrix and consumer service experience [17] Financial Reports - Swire Properties reported that as of September 30, 2025, its three core shopping centers in Hong Kong maintained a 100% occupancy rate, with retail sales increasing by 3.6%, 3.0%, and 0.2% year-on-year [19] - Tapestry, the parent company of Coach, reported a 16% increase in sales for the first fiscal quarter, reaching $1.7 billion, with adjusted operating income rising by 24.2% to $354 million [21] Personnel Dynamics - PepsiCo plans to close two Frito-Lay facilities in Orlando, Florida, affecting a total of 500 jobs, as part of its strategy to curb declining snack sales in the U.S. [23] - Diageo has appointed Dave Lewis as CEO, effective January 1, 2024, who previously served as CEO of Tesco and has extensive experience at Unilever [26]

Core Insights - The participation in the China International Import Expo (CIIE) has brought tangible business results for Georgian enterprises, enhancing their market presence in China [1][2] - This year marks the eighth participation of Georgia in the CIIE, with the country being the guest of honor for the first time, which has significantly boosted its export potential [1][2] Group 1: Business Impact - The CIIE serves as an effective platform for connecting Georgian exporters with Chinese buyers, facilitating the entry of Georgian specialty products into the Chinese market [1] - The number of participating Georgian companies has increased, leading to an expansion of buyer networks and a rise in repeat and large orders [1][2] Group 2: Product Customization and Market Adaptation - Georgian exhibitors have introduced customized products tailored to Chinese market demands, including bilingual labels and festive packaging [2] - The focus on quality and innovation among Georgian exporters is supported by improved business conditions in China, such as digital trade processes and enhanced customs efficiency [2] Group 3: Future Strategies - The Georgian Enterprise Agency plans to focus on expanding markets through cross-border e-commerce and digital trade platforms, while encouraging investments in logistics, bonded warehousing, and tourism [3] - There is an emphasis on deepening cooperation in high-end food and beverage, natural products, and service industries [3]

Core Viewpoint - The Colombian government plans to increase alcohol consumption taxes as part of a new tax reform, significantly raising the tax rates on spirits and wine, which may impact the alcohol market and encourage illegal trade [1] Tax Changes - The tax rate on spirits and aperitifs will rise from 342 pesos (approximately $0.08) to 750 pesos (approximately $0.19) per 750 milliliters, representing a 120% increase [1] - The tax on wine will increase from 231 pesos (approximately $0.06) to 750 pesos (approximately $0.19), marking a 224% increase [1] Fiscal Impact - Colombia ranks among the highest globally in terms of spirits tax burden, with alcohol taxes being a significant source of revenue for various provinces [1] - In regions such as Antioquia, Cundinamarca, Caldas, Valle del Cauca, and Tolima, alcohol tax revenue accounts for 20% to 30% of local fiscal income [1] Market Concerns - Industry experts warn that the proposed tax increases could disrupt the import, distribution, and sales systems of alcoholic beverages [1] - The high tax burden may lead to a rise in the illegal alcohol market, which currently constitutes about 22% of the total alcohol supply in Colombia, potentially increasing to 50% post-reform [1] - Experts indicate that excessive taxation in the context of weak regulation could exacerbate smuggling and the proliferation of counterfeit alcohol [1]

Core Insights - The company Baijiu Co., which focuses on pre-mixed cocktails under the brand RIO, reported a decline in revenue and net profit for the first three quarters of 2025 compared to the previous year, with total revenue at 2.27 billion yuan, down 4.9%, and net profit at 549 million yuan, down 4.4% [1] - The third quarter showed a slight revenue increase of 3.0% year-on-year, but net profit decreased by 6.8% [1] - RIO has been a market leader in the pre-mixed cocktail segment, but its growth has significantly slowed in recent years [1] Financial Performance - For the first three quarters of 2025, the liquor business generated 1.978 billion yuan in revenue and 380 million yuan in net profit [1] - In the first three quarters of 2024, the pre-mixed cocktail business achieved 2.102 billion yuan in revenue and 409 million yuan in net profit [1] - The operating cash flow for the company increased by 40.2% to 755 million yuan [1] Market Trends - In 2024, pre-mixed cocktails accounted for 87.83% of Baijiu Co.'s revenue, but this segment experienced a revenue decline of 7.17% and a decrease in sales volume by 8.81% to 32.3782 million boxes [2] - The decline in sales volume represented a reduction of 3.127 million boxes year-on-year, which was a significant factor in the overall revenue decline for the company [2]

Core Points - The U.S. President Trump announced an additional 10% import tariff on Canadian goods, citing a misleading advertisement funded by the Ontario government that criticized U.S. tariff policies [1][2] - The advertisement, which quoted former President Reagan, claimed tariffs harm American workers and consumers, leading to a trade war [1] - Following the announcement, Canadian officials expressed dissatisfaction, and Ontario's Premier Doug Ford decided to suspend the advertisement to facilitate constructive dialogue with the U.S. [2][3] Group 1 - The additional tariff is a response to a specific advertisement that Trump claims distorts facts and aims to interfere with U.S. court decisions regarding tariffs [1][2] - The advertisement continued to air during a major baseball event, which further angered Trump, prompting his decision to raise tariffs [2] - Canadian officials, including Trade Minister Dominic LeBlanc, expressed a desire for constructive discussions despite the escalating tensions [3] Group 2 - The Canadian economy is facing challenges, with a reported unemployment rate at a nine-year high, partly due to high tariffs imposed by the U.S. on key Canadian exports [3] - The Canadian Chamber of Commerce highlighted that any level of tariffs would primarily burden the U.S. before affecting North American competitiveness [3] - There has been a significant decline in cross-border travel and U.S. exports to Canada, with a 31% drop in road travel and an 85% decrease in U.S. liquor exports to Canada in the second quarter [3]

Group 1 - The eighth China International Import Expo (CIIE) will continue to set up a procurement corridor to enhance supply-demand matching and improve cooperation effectiveness [1][4] - The procurement corridor in Hall 8.2 will focus on agricultural products, consumer goods, and health products, featuring a selection meeting for approximately 20 high-quality buyers [1][2] - The first batch of announced enterprises includes major retail and internet companies in China, indicating strong demand and a well-established supply chain [2][4] Group 2 - The procurement needs of the announced enterprises cover all areas of the agricultural products exhibition, allowing for a clear presentation of purchasing preferences and directions [3] - A dedicated negotiation area will be set up for buyers to engage in multiple rounds of face-to-face discussions with exhibitors, facilitating deeper cooperation discussions [4] - The first batch of participating companies includes JD.com, Dashang Group, Greenland Zhongxuan, and others, showcasing a diverse range of procurement interests [4][22]

Core Points - EU officials express concerns that new US demands could undermine a recently reached trade agreement that helped avoid a trade war [1] - The US has proposed a new "reciprocal, fair, and balanced" trade principle, which EU officials find excessively demanding [1] - The ongoing negotiations are focused on the implementation of a trade agreement that imposes a 15% tariff on most EU imports [1] Group 1 - The US is seeking discussions on EU legislative matters, including digital and technology rules, corporate compliance, and climate-related regulations [1] - The EU emphasizes the importance of maintaining regulatory autonomy while being open to negotiations on each topic [1] - Recent measures have been taken by both parties to implement the trade agreement, confirming a 15% tax rate on European cars [1] Group 2 - The EU has proposed legislation to lower tariffs on US industrial products and some non-sensitive agricultural goods, pending approval from the European Parliament [2] - Negotiations to reduce the 50% tariffs on US steel and aluminum products have made little progress, with the EU planning to impose similar tariffs on foreign steel imports exceeding certain quotas [2] - Concerns arise over the US expanding the scope of tariffs on steel and aluminum while potentially imposing additional tariffs on medical devices and related technologies [2]

Core Viewpoint - The new trade agreement between the US and the EU imposes a 15% tariff on EU imports of automobiles and automotive products, which is significantly higher than the previous tariff rate before Trump's administration [1][8]. Group 1: Trade Agreement Details - The US confirmed the implementation of a 15% tariff on EU automotive imports starting August 1 [1]. - The agreement includes exemptions for certain pharmaceutical compounds, aircraft parts, and other imported goods [1]. - The EU has agreed to reduce its tariff on US automobiles from 10% to zero, highlighting an imbalance in the trade agreement [8]. Group 2: Implications for the Automotive Industry - The 15% tariff represents a substantial increase from the previous 2.5% tariff that was in place before the global tariff imposition by the Trump administration [8]. - The German automotive industry, which heavily exports to the US, may face significant challenges due to the new tariffs on automotive products [8][6]. - EU Commission President Ursula von der Leyen stated that the 15% tariff was the best outcome achievable under the current circumstances [6].