Home > Policies > Body

特朗普签发互惠贸易和对等关税备忘录(全文)

clock
2025-02-14 04:16:26

美国启动"公平互惠计划":全面审查非互惠贸易关系对全球投资者的影响分析




美国贸易政策图解


特朗普政府启动全面贸易审查:美国将重新评估与所有贸易伙伴的非互惠贸易关系


来源:美国白宫;编译:金色财经



互惠贸易和对等关税备忘录深度解读



核心内容:美国将实施"公平互惠计划",全面审查与所有贸易伙伴的关税及非关税壁垒,旨在消除长期存在的贸易不平衡。



政策要点分析


该计划将重点关注五大领域:



  • 关税不对等现象

  • 歧视性税收政策

  • 非关税壁垒

  • 汇率操纵行为

  • 其他市场准入限制



典型贸易不平衡案例



























产品 美国关税 贸易伙伴关税 贸易差额
乙醇(巴西) 2.5% 18% 美国逆差1.48亿
摩托车(印度) 2.4% 100% -
汽车(欧盟) 2.5% 10% -


对投资者的潜在影响



1. 行业影响分化:



  • 受益行业:受保护的制造业、农业、能源等出口导向型产业

  • 风险行业:依赖进口原材料的企业、跨国供应链企业



2. 市场波动加剧:


贸易政策不确定性可能导致:



  • 汇率波动风险上升

  • 大宗商品价格震荡

  • 相关股票板块估值调整



3. 投资策略调整建议:



  • 关注本土化供应链企业

  • 规避高关税风险行业

  • 密切跟踪政策落地节奏



4. 长期结构性影响:



  • 全球供应链重构加速

  • 区域贸易协定重要性提升

  • 企业成本结构面临调整



注:本文基于美国白宫2025年2月13日发布的政策备忘录分析,具体影响需结合后续实施细则评估。

Web3 Desktop Trading Tool
Stay ahead of the game in the cryptocurrency space.

7x24 Newsflash

19:01 2025-07-09
"Fed megaphone": meeting notes show the Fed is divided into three camps
Nick Timiraos, the Fed's megaphone, said the Fed meeting notes revealed something we already knew, with officials divided into three main camps [on the path of interest rates]: 1. Cut interest rates during the year but exclude July (mainstream camp); 2. Stay put throughout the year; 3. Advocate immediate action at the next meeting (the minutes show only "minority" support, implying Fed governors Waller and Bowman). The meeting notes that "several participants said that the current federal funds ...
19:01 2025-07-09
The SEC confirms amendments to the Bitwise Spot Bitcoin and Ethereum ETFs regarding physical redemptions
The Securities Exchange Commission (SEC) has confirmed receipt of amendments to the Bitwise Spot Bitcoin and Ethereum ETFs regarding physical redemption methods.
18:36 2025-07-09
ETH breaks through $2,700
The market shows that ETH broke through $2700, and it is now reported as $2716.79, with a 24-hour increase of 3.9%. The market fluctuates greatly. Please do a good job in risk control.
18:36 2025-07-09
The Fed meeting notes that widespread risks and uncertainties in the economy are important factors affecting decision-making
In newly released Federal Reserve June meeting notes, participants noted that risk and uncertainty are important factors influencing their decision-making and emphasized the need for a policy strategy aimed at achieving the Committee's maximum employment and price stability objectives amid a series of highly uncertain developments. Participants acknowledged that risks and uncertainties to the economy are pervasive and pose challenges to the design and communication of monetary policy. They noted...
18:36 2025-07-09
Analysis: Fed's June meeting notes divergent inflation assessments
Institutional analysis pointed out that the Federal Reserve's June meeting notes reflected intense discussions on the future path of inflation, and uncertainty about price movements increased significantly. Some members continued to worry about the inflation outlook, arguing that the imposition of tariffs could disrupt supply chains, weigh on productivity, and set off a vicious circle by pushing up medium- and long-term inflation expectations. Another group of members took a relatively optimisti...
18:33 2025-07-09
Fed meeting notes: Some participants willing to consider rate cuts at next meeting
When considering the outlook for monetary policy, participants generally agreed that with growth and labor markets remaining solid and current monetary policy likely to be moderately restrictive, the Committee was well placed to wait for a clearer outlook for inflation and economic activity, according to newly released Federal Reserve meeting notes for June. Some participants noted that they would be willing to consider lowering the policy rate at their next meeting if the data developed in line...
18:03 2025-07-09
Federal Reserve meeting notes: All participants agreed it was appropriate to maintain the federal funds rate at its current target range
Federal Reserve meeting notes: All participants agreed that maintaining the federal funds rate at the current target range is appropriate. Several participants indicated that the current federal funds rate may not be much higher than the neutral rate.
18:03 2025-07-09
Fed meeting notes: Most officials think tariffs could lead to persistent inflation risk
The Fed meeting notes that most officials believe tariffs could lead to persistent inflation risks.
18:03 2025-07-09
Fed meeting notes: Some participants said the most likely appropriate path is no rate cut in 2025.
Fed meeting notes: Some participants said the most likely appropriate path is no rate cut in 2025.
18:02 2025-07-09
Federal Reserve meeting notes: Several participants said they are willing to consider a rate cut at the July meeting if the data develops as expected.
Federal Reserve meeting notes: Several participants said they are willing to consider a rate cut at the July meeting if the data develops as expected.
18:02 2025-07-09
Federal Reserve meeting notes: Most participants believe that the federal funds rate should be cut at an appropriate time this year.
Federal Reserve meeting notes: Most participants believe that the federal funds rate should be cut at an appropriate time this year.
18:01 2025-07-09
The Fed meeting notes that most officials believe tariffs could lead to persistent inflation risks.
The Fed meeting notes that most officials believe tariffs could lead to persistent inflation risks.