本文字数：2561，阅读时长大约4分钟 作者 | 第一财经 冯迪凡 特朗普政府正在悄悄调整其标志性的关税政策。 据新华社此前报道 ， 美国联邦最高法院9月9日宣布，将审议特朗普政府征收的多数关税的合法性，定 于11月首周听取口头辩论。 而在举行听证会之前，据统计，特朗普政府近期已免除了数十种商品的关税，并在与各国的贸易协定谈 判中提出了数百种商品的关税豁免方案。 与此同时，可以看到特朗普政府也在根据1962年《贸易扩展法》第232条扩大关税的适用范围，近期则 将重型卡车、药品和家具纳入其中。 第一财经记者采访的多位专家表示，此举旨在规避最高法院可能否决其所谓"对等关税"政策所带来的法 律风险：如果最高法院作出不利于政府的裁决，特朗普政府可能被迫退还大量已征收的关税。 2025.10. 20 英国杜伦大学法学院副院长、跨国法教授兼全球政策研究所联合主任杜明对第一财经记者表示，如果美 国最高法院接受审理后判决特朗普政府败诉，那么已经征收的关税或要连本带利退还，而且这还是商家 未要求美国政府赔偿其他损失的情况下。 来源：新华社 豁免范围大幅扩大 最近几周，特朗普政府已将数十种产品从其所谓的"对等关税"中豁免，并表示 ...

美国联邦最高法院9月9日宣布，将审议特朗普政府征收的多数关税的合法性，定于11月首周听取口头辩论。 特朗普政府正在悄悄调整其标志性的关税政策。 据新华社此前报道，美国联邦最高法院9月9日宣布，将审议特朗普政府征收的多数关税的合法性，定于11月首周听取口头辩论。 而在举行听证会之前，据统计，特朗普政府近期已免除了数十种商品的关税，并在与各国的贸易协定谈判中提出了数百种商品的关税豁免方案。 与此同时，可以看到特朗普政府也在根据1962年《贸易扩展法》第232条扩大关税的适用范围，近期则将重型卡车、药品和家具纳入其中。 第一财经记者采访的多位专家表示，此举旨在规避最高法院可能否决其所谓"对等关税"政策所带来的法律风险：如果最高法院作出不利于政府的裁决，特朗 普政府可能被迫退还大量已征收的关税。 英国杜伦大学法学院副院长、跨国法教授兼全球政策研究所联合主任杜明对第一财经记者表示，如果美国最高法院接受审理后判决特朗普政府败诉，那么已 经征收的关税或要连本带利退还，而且这还是商家未要求美国政府赔偿其他损失的情况下。 豁免范围大幅扩大 最近几周，特朗普政府已将数十种产品从其所谓的"对等关税"中豁免，并表示，当各国与美国达成 ...

Group 1 - The core point of the article highlights the performance and financial metrics of Fuman Microelectronics, which saw a stock price increase of 5.19% to 35.87 CNY per share, with a total market capitalization of 7.81 billion CNY [1] - Fuman Microelectronics specializes in the design, research and development, packaging, testing, and sales of high-performance analog and mixed-signal integrated circuits, with revenue breakdowns showing that power management chips account for 38.51%, LED-related chips for 32.16%, MOSFET chips for 14.56%, and other chips for 14.55% [1] - The company is located in Shenzhen, Guangdong Province, and was established on November 5, 2001, with its listing date on July 5, 2017 [1] Group 2 - From the perspective of fund holdings, the Everbright Prudential Fund has a significant position in Fuman Microelectronics, with the Everbright Prudential Hengxin Mixed A Fund reducing its holdings by 500 shares to 6,000 shares, representing 1.63% of the fund's net value [2] - The Everbright Prudential Hengxin Mixed A Fund was established on November 30, 2021, and has a current scale of 6.90 million CNY, with a year-to-date return of 14.07% and a one-year return of 16.3% [2] - The fund manager, Hua Yeshun, has been in position for 3 years and 35 days, overseeing a total asset scale of 12.4 million CNY, with the best and worst fund returns during his tenure being 19.13% and 9.38%, respectively [3]

俄罗斯的EAC认证（Eurasian Conformity Mark）是进入俄罗斯及其他海关联盟成员国（如哈萨克斯坦、 白俄罗斯、亚美尼亚、吉尔吉斯斯坦）市场的必要合规认证标志。它表明产品符合海关联盟技术法规 （Eurasian Economic Union Technical Regulations，简称EAEU TR）的要求，涉及安全性、健康、环境保 护等多个方面，确保产品在这些国家的合法销售和使用。 电子产品，如手机、电视、计算机、家电、无线设备等，必须通过EAC认证才能进入这些国家市场。 二、电子产品EAC认证的要求 根据海关联盟的技术法规（EAEU TR），电子产品需要满足一系列安全、健康、环境保护等要求。主 要的技术法规包括： 1. 安全性要求 确保产品符合俄罗斯及海关联盟成员国的安全、健康、环境保护等法规。 为消费者提供产品合规性的信心，避免不合格产品进入市场。 保障市场的公平竞争，防止不合格产品扰乱市场。 电气安全：确保产品在电气方面的安全性，符合电气安全标准（例如，产品在额定电压和电流下 不引发火灾、触电等风险）。 机械安全：产品的机械结构应确保使用过程中的稳定性和安全性，避免因设计缺陷导致 ...

Group 1 - The core message of the articles indicates that the Trump administration is signaling a potential easing of trade tensions by relaxing several tariff policies and suggesting that more products may be exempt from tariffs [2][3] - Recent actions include the announcement of new tariffs on trucks and truck parts at 25% and on buses at 10%, effective November 1 [3] - The administration is also expanding the tariff exemption program for automakers, allowing them to offset some costs related to tariffs until 2030 [3] Group 2 - The Trump administration has been quietly exempting dozens of products from its "reciprocal tariffs," reflecting a growing internal belief that tariffs on goods not produced domestically should be lowered [2] - A new list of products eligible for zero tariffs, referred to as "Attachment Three," includes items that the U.S. cannot grow, mine, or produce naturally, such as certain agricultural products and aircraft parts [3] - The Commerce Department and the U.S. Trade Representative's Office have been granted new authority to issue tariff exemptions without needing a presidential executive order, streamlining the process [3]

大家好，简单关注一则特朗普关税的消息。 10月19日晚间，特朗普在最新的采访中，继续释放缓和信号，并且暗示，大门仍敞开着。 此外，据媒体报道，特朗普政府正在低调地放松多项关税政策。 （原标题：继续释放关税缓和信号！特朗普在最新采访中暗示：大门仍敞开着） 知情人士称，在"对等关税"问题上的转向，反映出特朗普团队希望在法院可能推翻其广泛征税时对冲风 险。与此同时，特朗普团队也在扩大依据更成熟法律授权征收关税的做法：即《1962年贸易扩张法》第 232条（Section 232）。特朗普已动用该法为钢铝和汽车关税提供法律依据，并在本月宣布对重型卡 车、医药品和家具征收新一轮关税。 上周五，特朗普依据第232条宣布最新行动：自11月1日起，对卡车及卡车零部件加征25%关税，对巴士 加征10%关税。作为该行动的一部分，特朗普还扩大了为汽车制造商提供的关税减免计划，允许其申 请"抵扣额度"，将汽车和卡车零部件关税的部分成本抵扣期限从2027年延长至2030年。 上月，特朗普通过名为"附件二"的清单，对包括黄金、LED灯以及某些矿物、化工品和金属制品在内的 产品发布了新的豁免。这些产品很多已被或将被纳入第232条关税覆盖范 ...

【导读】关税新消息 中国基金报记者 泰勒 大家好，简单关注一则特朗普关税的消息。 10月19日晚间，特朗普在最新的采访中，继续释放缓和信号，并且暗示，大门仍敞开着。 此外，据媒体报道，特朗普政府正在低调地放松多项关税政策。 他还预告了未来可能出台的数百项豁免：该命令列出一批产品，只要与美国达成的贸易协定生效，即可 享受零关税。该清单被称为"附件三"，其目标是"美国无法种植、开采或自然生产的产品"，例如"某些 农产品、飞机及其零部件，以及用于医药应用的非专利制品"。 这份9月发布的命令还赋予商务部和美国贸易代表办公室新的权限，使其可自行授予关税豁免，而无需 由特朗普本人签署行政令来下达新的豁免。 一位白宫官员表示，此举将有助于简化关税政策，以便政府在落实特朗普已宣布的十余项贸易协定或达 成新的协议时，不必为每一批豁免都发布一纸行政令。 编辑：嘉颖 据知情的特朗普政府筹划人士透露，之所以提出为更多产品提供关税豁免，反映了政府内部日益增长的 一种观点：美国应当降低对国内不生产的商品征收的关税。 此举发生在最高法院将于11月上旬就"对等关税"举行听证会之前——一旦败诉，政府可能被迫退还已征 收的大量关税。 知情人士称 ...

商的关税减免计划，允许他们申请抵免额度以部分抵消汽车和卡车零部件关税成本，期限从2027年延长至2030年。 保护主义倾向的特朗普盟友认为，第232条款关税最终将更有效地推动制造业回流美国。繁荣美国联盟执行副总裁Nick Iacovella表示："对美国没有能力生产 的产品征收关税毫无意义。第232条款是最有效的工具。" 关税政策的调整显示出政策立场明显软化。美国商务部长Howard Lutnick此前数月坚称"对等关税没有豁免，没有例外"。但他在7月底的电视采访中软化了立 场，表示："如果你种植某种东西而我们不种植，那可以零关税进口。" 在美国最高法院即将在11月初就"对等关税"举行听证会之际，特朗普政府近期豁免了数十种商品的关税，并在与各国的贸易协议谈判中提出对数百种商品实 施关税豁免。同时，美国总统特朗普表示将亲自出席听证会，毕竟这决定关税这一特朗普经济议程"基石"的命运。如果特朗普败诉，美国平均有效关税税率 可能从16.3%降低至少一半，并可能被迫退还数百亿美元税款，同时可能推翻特朗普与一些国家达成的初步贸易协议。 豁免范围大幅扩展 上月，特朗普通过附件二清单豁免了从黄金到LED灯等数十种商品的关税， ...

Core Points - The Trump administration is relaxing tariff policies ahead of a Supreme Court hearing regarding the legality of tariffs imposed under the International Emergency Economic Powers Act [1][4] - A list of exemptions for various products, including gold and LED lights, has been released, indicating a potential shift in trade strategy [1][5] - The administration is utilizing the more stable legal foundation of the Trade Expansion Act of 1962 to implement tariffs, citing national security [4] Group 1 - The Trump administration has exempted dozens of products from tariffs, signaling preparation for a possible legal defeat [1][4] - The exemptions primarily target products that cannot be produced domestically, including certain agricultural products and aircraft parts [1][4] - A consensus is forming within the Trump administration to lower tariffs on non-domestically produced goods [3] Group 2 - The administration's recent tariff exemptions are seen as a "hedging strategy" against potential Supreme Court losses [4] - The Trump administration has announced a 25% tariff on trucks and truck parts, effective November 1, under the Trade Expansion Act [4] - The Secretary of Commerce has softened his stance on tariffs, indicating that exemptions may be granted for products not grown in the U.S. [5] Group 3 - Various industries are urging the government to expand the scope of tariff exemptions, including requests for exemptions on coffee, oats, and tropical fruits [5] - The administration's approach marks a shift from the initial hardline stance on tariffs, reflecting changing economic pressures [5]

Core Points - The Trump administration is quietly adjusting its signature tariff policy, reflecting a growing consensus to lower tariffs on non-domestically produced goods [1][2] - The administration has expanded the scope of tariff exemptions significantly, including a wide range of products from minerals to pharmaceuticals [2][4] - The legal strategy is shifting towards utilizing Section 232 of the Trade Expansion Act, which provides a more solid legal basis for imposing tariffs [3] Group 1: Tariff Policy Adjustments - The Trump administration has exempted dozens of goods from tariffs and is negotiating exemptions for hundreds more, indicating a shift in trade policy [1][2] - The exemptions include products that cannot be produced domestically, such as certain agricultural products and aircraft parts [2] - The administration has authorized the Department of Commerce and the U.S. Trade Representative to approve tariff exemptions without needing the president's signature each time, streamlining the process [2] Group 2: Legal Strategy and Tariff Implementation - The Trump administration is increasing the use of Section 232 to impose tariffs, which is seen as a more effective tool for protecting U.S. manufacturing [3] - Recently announced tariffs include a 25% tariff on trucks and truck parts and a 10% tariff on buses, effective November 1 [3] - The administration has extended the period for automakers to apply for tariff relief from 2027 to 2030, indicating a more flexible approach [3] Group 3: Corporate Responses to Tariff Changes - Companies are actively seeking tariff exemptions, with various industries, including food and beverage, requesting relief from tariffs on essential ingredients [4][5] - The Hershey Company is in discussions with the government to seek exemptions for cocoa tariffs, which have impacted its operations [5] - Some companies are raising prices to offset tariff-related costs, while others are attempting to maintain price stability despite rising costs [5]