" 对等关税 " 虽已初步落地，但美国对关键领域的贸易施压仍在持续加码。 当地时间8月6日，美国总统特朗普表示，美国将对芯片和半导体征收约100%的关税，但不针对"在 美国建厂"的公司。 尽管今年以来市场不断质疑"美国例外论"，美股仍多次刷新历史高点。今年至8月8日截稿，纳指已 上涨10%，标普500指数涨幅7.79%。 近期，围绕"TACO"（Trump Always Chickens Out，特朗普总是退缩）政策反复的投机氛围逐渐降 温，市场开始回归基本面判断，但接踵而至的美国经济基本面疲软信号，正促使投资者重新审视并评估 美国资产的风险与回报前景。 美国劳工部最新数据显示，7月非农就业仅增加7.3万人，远低于市场预期的10万人。更值得关注的 是，5月和6月的新增就业人数被合计大幅下修25.8万个岗位，失业率也升至4.2%。在疲弱就业数据公布 后，特朗普迅速解雇劳工统计局局长，此举引发市场对数据公信力的质疑，进一步推高对"滞胀"风险的 担忧。 此前一天，特朗普在接受美国消费者新闻与商业频道（CNBC）采访时表示，美国计划对进口药品 加征关税，税率最高或达250%。继汽车、钢铝等传统产业之后，贸易摩擦已进一 ...

Group 1: U.S.-India Trade Relations - President Trump announced plans to "significantly" increase tariffs on goods imported from India within 24 hours, currently set at 25% [2][4] - The increase in tariffs is a response to India's continued purchase of Russian oil, which Trump claims is being sold at a profit on the open market [4] Group 2: Pharmaceutical Tariffs - Trump stated that the U.S. will impose a "small tariff" on imported pharmaceuticals, with plans to raise the rate to 150% within a year and eventually to 250% [5] - The initial tariff rate for pharmaceuticals was not disclosed [5] Group 3: Semiconductor and Chip Tariffs - Trump indicated that he will announce tariffs on semiconductors and chips in the coming week, but did not provide further details [6] Group 4: Federal Reserve Leadership - Trump mentioned that he may soon announce a new chair for the Federal Reserve, having narrowed down the candidates to four, excluding Treasury Secretary Scott Bessenet [7][8] Group 5: EU-U.S. Trade Relations - The European Union has decided to suspend retaliatory tariffs against the U.S. that were set to take effect on August 7, while retaining the option to reinstate them [9] - This decision follows ongoing discussions between the EU and the U.S. to implement a trade agreement reached last month, despite dissatisfaction among EU member states regarding the perceived leniency of the agreement [9]

四个月前，重返白宫开启第二个美国总统任期的唐纳德·特朗普在白宫玫瑰园展示了一块写满全球关税税率的牌子，震惊了全世界并搅动了全球股债汇市场; 然而在周四，他公布的修订版关税在投资者群体中引发的反应则相比于4月初期"解放日"之际平静得多。 但值得注意的是，全球仍面临自20世纪30年代以来美国最高水平的关税——平均基准的税率达15%，约为一年前的足足六倍。特朗普最新一轮关税行动规定 最低税率为10%，对与美国存在贸易顺差的国家则征收15%或更高级别的关税。 到目前为止，全球经济的表现比许多经济学家在特朗普最初关税闪电战后所预期的要好得多。为了赶在更高税率生效前大规模发货，出口被提前加载并发 出，这推动了许多亚洲经济体GDP超预期增长，也在一定程度上保护了美国消费者免受关税导致的价格飙升带来的影响。 在一些经济学家看来，这种过于乐观的情况可能即将发生变化。 新的美国对等关税税率 历经数月谈判——期间特朗普在社交媒体上同时威胁美国盟友和竞争对手们，最终出台的新税率大体与4月2日"解放日"公布但因股市暴跌和债券收益率飙升 而暂缓实施的对等关税水平相当或略低。不过，仍有一些令人震惊的举措，例如对瑞士进口商品意外征收惩罚性3 ...

Core Viewpoint - The document emphasizes the exploration of feasible pathways to utilize international new drug clinical real-world data for the registration and licensing of imported pharmaceuticals in China [1] Group 1: Regulatory Reforms - The document outlines the need to deepen the reform of the drug and medical device review and approval system [1] - It highlights the enhancement of drug supervision and inspection capabilities at ports [1] - The document mentions the improvement of management systems for urgently needed imported drugs and medical devices [1] Group 2: Digital Governance - The document calls for the advancement of digital government reforms to elevate the level of intelligent and specialized social governance [1]