July 9, Wednesday

High-Level Statements:
U.S. Treasury Secretary Bessent stated that she expects to meet with Chinese counterparts in the coming weeks to advance discussions on trade and economic issues. The Chinese Foreign Ministry responded that this matter should be directed to the relevant Chinese authorities.

Overall Sentiment:
Trump directly announced tariff quotas for 14 countries, with notable ones including Japan and South Korea. Japan had anticipated a 30% tariff, but the actual rate was set at 25%, and other countries generally faced lower-than-expected tariffs. This suggests the Trump administration has a calculated strategy, aiming to impose tariffs while minimizing discomfort for other nations.
Tariffs for China and the EU remain undecided.
Domestically, some believe Trump has backed down, and the A-share market continued its upward trend, approaching the 3,500-point mark.