Category: Flash News

On April 5th, Brazilian coffee industry insiders recently stated that the new tariff policy of the US government will lead to an increase in the related costs of Brazilian coffee in the US market, which will ultimately be passed on to American consumers, who may face more expensive Brazilian coffee prices. According to data from the US Department of Agriculture in December 2024, Brazil is the largest coffee supplier to the United States, holding a 32% market share. Brazilian coffee industry insiders point out that the US tariff policy may not only affect the export of Brazilian coffee, but also harm the interests of relevant US practitioners and consumers. (CCTV News)

On April 5th, the United States’ “reciprocal tariff” policy has been opposed by multiple countries, and the calculation method of its tax rate has also been questioned by various parties, who have criticized this calculation method as “simple and crude”, “fabricated from nothing”, and “non-standard economic practices”. Julia Spies, Director of Trade and Market Intelligence at the International Trade Center, stated that this is not the standard method for economists to calculate tax rates, but rather based on a formula that relies on trade deficits or the ratio of trade deficits to imports. Personally, I have never seen such a situation before. During an interview on the 4th, an analyst from well-known US investment bank Wade Bush Securities stated that the so-called “calculation formula” released by the Trump administration is completely unreliable and insufficient to serve as the foundation for rational international trade negotiations. He pointed out that this measure by the US government has far-reaching harm and can be regarded as the “most serious policy mistake” in the US in a century. The impact of the tariff war on US technology finance may cause the US technology industry to regress by ten years. CNBC cited research from the Cato Institute, a US think tank, stating that the tariffs claimed by the Trump administration are vastly different from the trade weighted average tariff rates of most countries. The agency cited the World Trade Organization’s trade weighted average tariff rate for 2023, stating that the United States claims Cambodia’s tariff rate against the United States is 97%, while Cambodia’s actual tariff level is 7.9%. The Trump administration claims that the European Union is imposing a 39% tariff on the United States, while the EU’s trade weighted average tariff rate for 2023 is 2.7%. (CCTV Finance)

On April 5th, according to the executive order on so-called “equivalent tariffs” signed by Trump on April 2nd, the United States is scheduled to impose a “minimum benchmark tariff” of 10% on all trading partners starting from the 5th. Imposing higher ‘equivalent tariffs’ on certain trading partners will take effect on the 9th. American economists and business people warn that imposing tariffs will push up prices and ultimately pass them on to consumers. The Yale University Budget Lab estimates that after the implementation of “equivalent tariffs” by the United States, if other countries take retaliatory measures, low, middle, and high-income households in the United States will lose an average of $1300, $2100, and $5400. Renowned American investor and billionaire Mark Cuban wrote on social media on the afternoon of April 2nd that it’s time to start hoarding. (CCTV News)

On April 5th, today, China’s first intelligent infrared wind turbine defrosting equipment was successfully tested at Datang Jiangxi Wugongshan Wind Farm, marking a new technological breakthrough in the field of intelligent defrosting of large capacity wind turbines in China. This device simulates the principle of solar radiation and uses infrared radiation to quickly heat and “thaw” the leaves. Within 20 seconds, a single device can melt the 3-centimeter thick ice on the surface of the leaves, and within 1 minute, the ice covering in the irradiated area begins to fall off. The irradiation energy is 5 to 8 times that of summer sunlight. In addition, it also has two intelligent modes of “anti freezing” and “de icing”, which act as a “weather forecaster” to monitor the environment in real time and prevent icing in advance; When encountering severe icing, the precise de icing of the entire wind turbine can be completed within 1 hour, allowing the giant blades equivalent to a 30 story building to resume operation. (CCTV News)

On April 5, the Department of Housing and Urban Rural Development of the Xizang Autonomous Region and the Department of Finance of the Xizang Autonomous Region recently issued a notice on adjusting and optimizing the implementation of the autonomous region’s housing subsidy policy. Optimize subsidy policies, with the upper limit of financial subsidy standards in the autonomous region not exceeding 3% of the total purchase price, and the maximum subsidy for a single housing unit not exceeding 50000 yuan. The subsidy period is from January 1, 2025 to March 25, 2026. In order to ensure the precise implementation of financial subsidy policies and prevent fund accumulation, the autonomous region’s financial subsidy funds will be disbursed through a “post settlement” method. Each region (city) should coordinate the relationship between an effective market and a proactive government. It is necessary to implement policies tailored to the city, comprehensively utilize policy tools such as land, finance, and monetary policies, promote the stable and healthy development of the real estate market, and pay more attention to guiding expectations and playing a decisive role in the market. If it is necessary to increase the phased subsidy standards in the local area, the upper limit should be reasonably controlled to prevent policy risks.

On April 5th, it was reported that Ukrainian President Zelensky and Ukrainian military leaders met with visiting French Chief of Staff Thierry Burkhard and British Chief of Defense Staff and Admiral Tony Radakin in Kiev. This meeting focuses on the needs and tasks of the Ukrainian military, aiming to provide solid support for the recovery and long-term development of the Ukrainian military. (CCTV News)

On April 5th, Surat, India is the world’s largest diamond processing and polishing center, with the United States being its largest export market. Trump’s announcement of a so-called “equivalent tariff” of 26% on Indian exports to the United States has left diamond industry practitioners in Surat worried. At present, the diamond business in Surat is stagnant, and people are watching the possible impact of tariff policies. Practitioners suggest that some processors may be forced to reduce production or even shut down as a result. Industry insiders point out that the US government’s imposition of tariffs will lead to an increase in diamond export prices and weaken demand. According to data provided by the Surat Diamond Association, there are currently approximately 700000 people engaged in related work, and the US “reciprocal tariff” policy is threatening the livelihoods of these people. (CCTV Finance)

On April 5th, Berkshire Hathaway, a subsidiary of Warren Buffett, issued a statement stating that “there are currently reports circulating on social media (including X, Facebook, and TikTok) about Warren Buffett’s statements, all of which are false.” CNBC verified this statement with Buffett on April 4th, stating that Buffett wants to combat false information in an era where false rumors can spread immediately. Buffett told CNBC that he will not make any comments on the market, economy, or tariffs from now until the Berkshire Hathaway annual meeting on May 3rd.

On April 5th, according to the statistics of the Hong Kong Zhuhai Macao Bridge Customs, on April 4th, the customs supervised the entry and exit of more than 23500 vehicles through the Zhuhai Highway Port of the Hong Kong Zhuhai Macao Bridge, a year-on-year increase of 32.8%. Among them, the number of imported vehicles exceeded 13900, a year-on-year increase of 59.8%, setting a new historical high.

On April 5th, in the first quarter, the A-share new stock market developed steadily, and the number of manufacturing companies among newly listed companies increased year-on-year. Deloitte China research data shows that in the first quarter, a total of 27 new A-shares were listed, raising a total of 16.3 billion yuan in funds. Among them, all 15 new stocks listed on the Shenzhen Stock Exchange raised a total of 8.8 billion yuan, ranking first among the three stock exchanges. From the industry distribution of newly listed companies, the number of manufacturing enterprises accounts for 70%, an increase of 20% year-on-year.