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上周五,美国前总统唐纳德·特朗普宣布,美国将对加拿大和墨西哥征收25%的关税,并对中国征收10%的关税。他警告称,如果加拿大和墨西哥未能采取更强有力的措施阻止芬太尼及其前体化学品流入美国,以及遏制非法移民,将面临进一步惩罚性关税。此消息提振美元,推动其接近110水平。

(美元日线图,来源:Trading View)
此外,特朗普承认,对墨西哥、加拿大和中国的全面关税可能会给美国人带来“短期”经济痛苦。全球市场对此反应强烈,担忧关税可能放缓经济增长并加剧通胀。他计划于周一与加拿大和墨西哥领导人会谈,尽管两国已宣布报复性关税,但他表示,不太可能改变决定。
特朗普的关税将影响美国近一半的进口商品,这要求美国将制造业产出提高一倍以上,短期内几乎不可能实现。从经济角度来看,贸易紧张局势的升级对所有相关国家而言都是“双输”局面。这些关税可能导致加拿大和墨西哥陷入经济衰退,并引发更高的通胀、经济增长停滞和失业率上升。
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