April 2025, Hong Kong  — Under the intense scrutiny of the global community, U.S. President Donald Trump has played what could be the...

Australia enjoys a relatively low 10% tariff on exports to the United States, making it one of the least affected countries by U.S. tariff policies. This favorable trade condition has significant implications, particularly on Australia’s economic stability and the banking sector's interest rate cycles. Australia and U.S. Tariffs Low Tariff Advantage : Australia benefits from a mere 10% tariff on exports to the U.S., making its products more competitive in the international ma

Exploring Two Groundbreaking Papers on Circuit Tracing in Large Language Models As artificial intelligence (AI) technology continues its rapid development, large language models (LLMs) such as Claude 3.5 Haiku have demonstrated remarkable capabilities, ranging from medical diagnosis to poetry composition. However, the "black box" nature of these models — their lack of transparency regarding internal operations — has become a significant challenge. This is especially critical

The UK's approach to US tariffs is markedly different from that of the EU or China. Rather than opting for direct retaliation, the UK leans toward negotiation. However, certain industries—such as Scotch whisky, food and beverages, and tech products—remain vulnerable to these tariffs. Below is an in-depth analysis of the situation and the potential responses the UK might adopt: 1. Why the UK Is Less Affected by US Tariffs The UK-US "Special Relationship" Post-Brexit trade prio

As the U.S. imposes tariffs—especially on China—some countries have benefited due to supply chain shifts or growth in substitute exports. These include Malaysia, India, Australia, and others. Below is an analysis of the sectors benefiting in these countries and the reasons behind their gains: 1. Malaysia (Semiconductors, Electronics, Rubber) Reasons for Benefit: Supply Chain Shifts from China:

Disruptions in the global supply chain are having a profound impact on industries such as construction, manufacturing, and retail. These disruptions could even lead to industrial stagnation and market shortages, resembling the economic downturn during the 2008–2009 financial crisis. Below is an in-depth analysis: 1. Construction Industry: Shortage of Components → Rising Costs and Project Delays Impact Chain : Tariffs/shortages on key materials (e.g., steel, aluminum, cement)

There is indeed some degree of risk, but the actual impact will depend on factors such as specific industries, company strategies, and the global trade landscape. Below is a detailed analysis: 1. Policy Background: What is the "De Minimis Rule"? The Original Rule (De Minimis Rule): The U.S. allows imported packages worth less than $800 to be exempt from tariffs and customs inspections (primarily benefiting small e-commerce items shipped directly).

The impact of U.S. tariffs is multifaceted, spanning economic, trade, political, and social dimensions. Below is an analysis of the main effects: 1. Impact on the U.S. Economy Rising Consumer Costs : Tariffs often lead to higher prices for imported goods, which are passed on to consumers. This may weaken purchasing power, particularly for low- and middle-income households.

These measures could have significant impacts on the global economic landscape and specific countries, such as China. Below is a detailed analysis: 1. Impact of Retaliatory Tariffs Advantages:

In the face of persistent tariff pressure from the United States, China must strike a balance between strategic defense and proactive measures. The objective is to reduce dependency on the U.S. while enhancing the resilience of China’s economy. Below are potential directions for policy optimization: I. Short-Term Responses: Mitigating Direct Tariff Impacts 1. Targeted Subsidies for Affected Industries Targeted Sectors : Industries highly dependent on U.S. exports, such as ele

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