{"id":3143,"date":"2025-11-10T02:33:48","date_gmt":"2025-11-10T02:33:48","guid":{"rendered":"https:\/\/mielogroup.com\/?p=3143"},"modified":"2025-11-10T02:37:09","modified_gmt":"2025-11-10T02:37:09","slug":"episode-1-trade-under-pressure","status":"publish","type":"post","link":"https:\/\/mielogroup.com\/zh\/episode-1-trade-under-pressure\/","title":{"rendered":"\u7b2c 1 \u96c6\uff1a\u538b\u529b\u4e0b\u7684\u8d38\u6613"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"3143\" class=\"elementor elementor-3143\" data-elementor-settings=\"{&quot;element_pack_global_tooltip_width&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6e74c4b7 e-flex e-con-boxed e-con e-parent\" data-id=\"6e74c4b7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-59a2d50e elementor-widget elementor-widget-text-editor\" data-id=\"59a2d50e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p class=\"wp-block-paragraph\"><strong>2025 \u5e74\u7f8e\u56fd\u5173\u7a0e\u5982\u4f55\u91cd\u65b0\u5b9a\u4e49\u4e9a\u7f8e\u4f9b\u5e94\u94fe<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5b53389 e-flex e-con-boxed e-con e-parent\" data-id=\"5b53389\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2d70e68 elementor-widget elementor-widget-text-editor\" data-id=\"2d70e68\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>2025 \u5e74\u521d\uff0c\u7b2c\u4e8c\u5c4a\u7279\u6717\u666e\u653f\u5e9c\u63a8\u51fa\u4e86\u4e00\u8f6e\u5e7f\u6cdb\u800c\u6fc0\u8fdb\u7684\u8d38\u6613\u63aa\u65bd\uff0c\u65e8\u5728\u4fdd\u62a4\u7f8e\u56fd\u5236\u9020\u4e1a\u548c\u91cd\u5851\u5168\u7403\u4f9b\u5e94\u94fe\u3002\u8fd9\u4e9b\u65b0\u5173\u7a0e\u6807\u5fd7\u7740\u81ea 2018-2019 \u5e74\u4e2d\u7f8e\u8d38\u6613\u6218\u4ee5\u6765\u6700\u5927\u89c4\u6a21\u7684\u5173\u7a0e\u6269\u5f20\uff0c\u4f46\u4e0e\u6b64\u524d\u7684\u8d38\u6613\u6218\u4e0d\u540c\uff0c2025 \u5e74\u7684\u4e00\u63fd\u5b50\u63aa\u65bd\u9488\u5bf9\u7684\u662f <strong>\u540c\u65f6\u4e0e\u591a\u4e2a\u8d38\u6613\u4f19\u4f34\u8fdb\u884c\u4ea4\u6613<\/strong>, \u5305\u62ec\u4e9a\u6d32\u548c\u6b27\u6d32\u7684\u957f\u671f\u76df\u53cb\u3002.<\/p>\n<p>\u7b2c\u4e00\u4e2a\u91cd\u8981\u6b65\u9aa4\u662f <strong>2025 \u5e74 3 \u6708 12 \u65e5<\/strong>, \u5f53\u884c\u653f\u90e8\u95e8\u5f3a\u5236\u6267\u884c <strong>\u5bf9\u6240\u6709\u94dd\u3001\u94a2\u53ca\u5176\u884d\u751f\u4ea7\u54c1\u5f81\u6536 25% \u7684\u5173\u7a0e<\/strong>, \u4ee5\u56fd\u5bb6\u5b89\u5168\u548c\u5de5\u4e1a\u81ea\u7ed9\u81ea\u8db3\u4e3a\u7531\u3002\u6839\u636e <em>\u4e0b\u8bae\u9662\u56fe\u4e66\u9986<\/em> \u5728\u5173\u4e8e\u7f8e\u56fd\u5173\u7a0e\u7ed3\u6784\u6f14\u53d8\u7684\u62a5\u544a\u4e2d\uff0c\u8fd9\u4e00\u7a0e\u7387\u662f <strong>\u589e\u81f3 50<\/strong> \u4e0d\u5230\u4e09\u4e2a\u6708\u540e\uff0c\u5728 <strong>2025 \u5e74 6 \u6708 4 \u65e5<\/strong>, \u5728\u603b\u7edf\u53d1\u5e03\u6307\u4ee4\u52a0\u5f3a\u4f7f\u7528 1962 \u5e74\u300a\u8d38\u6613\u6269\u5f20\u6cd5\u300b\u7b2c 232 \u6761\u4e4b\u540e\uff08\u4e0b\u8bae\u9662\u56fe\u4e66\u9986\uff0c2025 \u5e74\uff1b\u5916\u4ea4\u5173\u7cfb\u59d4\u5458\u4f1a\uff0c2025 \u5e74\uff09\u3002.<\/p>\n<p>\u4ec5\u51e0\u5468\u540e\uff0c\u5728 <strong>2025 \u5e74 4 \u6708 3 \u65e5<\/strong>, \u7b2c\u4e8c\u6ce2\u63aa\u65bd\u9488\u5bf9\u7684\u662f <strong>\u6c7d\u8f66\u884c\u4e1a<\/strong>, \u5dcd\u5ce8\u58ee\u89c2 <strong>\u5bf9\u8fdb\u53e3\u4e58\u7528\u8f66\u548c\u8f7b\u578b\u5361\u8f66\u5f81\u6536 25% \u7684\u5173\u7a0e<\/strong>. .\u5f88\u5feb\uff0c\u5728 <strong>2025 \u5e74 5 \u6708 3 \u65e5<\/strong>, \u5305\u62ec <strong>\u6c7d\u8f66\u96f6\u90e8\u4ef6<\/strong>, \u8fd9\u76f4\u63a5\u5f71\u54cd\u4e86\u4e9a\u6d32\u51fa\u53e3\u5546\uff0c\u5c24\u5176\u662f\u65e5\u672c\u3001\u97e9\u56fd\u3001\u6cf0\u56fd\u548c\u4e2d\u56fd\uff0c\u5b83\u4eec\u7684\u4f9b\u5e94\u94fe\u4e0e\u7f8e\u56fd\u6c7d\u8f66\u5236\u9020\u4e1a\u7d27\u5bc6\u76f8\u8fde\uff08\u4e0b\u8bae\u9662\u56fe\u4e66\u9986\uff0c2025 \u5e74\uff09\u3002.<\/p>\n<p>\u6700\u91cd\u8981\u7684\u63aa\u65bd\u53ef\u80fd\u662f\u901a\u8fc7\u4e00\u9879 <strong>2025 \u5e74 4 \u6708 2 \u65e5\u53d1\u5e03\u7684\u884c\u653f\u547d\u4ee4<\/strong>, \uff0c\u5efa\u7acb\u4e86\u4e00\u4e2a <strong>\u5bf9\u6240\u6709\u8fdb\u53e3\u5546\u54c1\u5f81\u6536 10%\u7684 \u201c\u4e92\u60e0\u5173\u7a0e<\/strong>, \u4e0d\u8bba\u539f\u4ea7\u5730\u3002\u8be5\u547d\u4ee4\u8fd8\u6388\u6743\u7f8e\u56fd\u8d38\u6613\u4ee3\u8868\u5b9e\u65bd <strong>\u9488\u5bf9\u7279\u5b9a\u56fd\u5bb6\u7684\u989d\u5916\u9644\u52a0\u8d39<\/strong> \u53d6\u51b3\u4e8e\u6bcf\u4e2a\u5408\u4f5c\u4f19\u4f34\u5bf9\u7f8e\u56fd\u51fa\u53e3\u4ea7\u54c1\u7684\u5173\u7a0e\u5236\u5ea6\u3002\u6b63\u5982 <em>\u8054\u90a6\u5feb\u9012\u8d38\u6613\u4e0e\u6d77\u5173\u6d1e\u5bdf\uff082025 \u5e74\uff09<\/em>, \u8fd9\u4e00\u673a\u5236\u6709\u6548\u5730\u5efa\u7acb\u4e86\u4e00\u4e2a\u53ef\u53d8\u5173\u7a0e\u4f53\u7cfb\uff0c\u5373\u5bf9\u7f8e\u56fd\u5546\u54c1\u5f81\u6536\u8f83\u9ad8\u5e73\u5747\u8fdb\u53e3\u5173\u7a0e\u7684\u56fd\u5bb6\uff0c\u5176\u5bf9\u7f8e\u51fa\u53e3\u9762\u4e34\u7684\u58c1\u5792\u4e5f\u76f8\u5e94\u8f83\u9ad8\u3002\u7f8e\u56fd\u4e8e <strong>2025 \u5e74 7 \u6708 31 \u65e5<\/strong> \u8be6\u7ec6\u89c4\u5b9a\u4e86 120 \u591a\u4e2a\u56fd\u5bb6\u7684\u5dee\u522b\u8d39\u7387\uff0c\u4e8e 2025 \u5e74 8 \u6708\u751f\u6548\u3002.<\/p>\n<p>\u5230\u5e74\u5e95\uff0c\u603b\u4f53 <strong>\u7f8e\u56fd\u7684\u5e73\u5747\u9002\u7528\u5173\u7a0e\u7387\u4ece\u5927\u7ea6 2.5% \u4e0a\u5347\u5230\u5927\u7ea6 17.9<\/strong>, \u6839\u636e <em>\u8036\u9c81\u5927\u5b66\u9884\u7b97\u5b9e\u9a8c\u5ba4\uff082025 \u5e74\uff09<\/em>. .\u67d0\u4e9b\u4ea7\u54c1\u7c7b\u522b\uff0c\u5c24\u5176\u662f\u91d1\u5c5e\u3001\u6c7d\u8f66\u3001\u7535\u5b50\u4ea7\u54c1\u548c\u6d88\u8d39\u54c1\uff0c\u7ecf\u5386\u4e86\u4ee5\u4e0b\u53d8\u5316 <strong>\u6709\u6548\u5173\u7a0e\u5cf0\u503c\u9ad8\u8fbe 27<\/strong>, \u8fdc\u8fdc\u8d85\u8fc7\u5927\u6d41\u884c\u524d\u7684\u6c34\u5e73 (<em>\u7ef4\u57fa\u767e\u79d1\uff0c\u201c\u7279\u6717\u666e\u7b2c\u4e8c\u5c4a\u653f\u5e9c\u7684\u5173\u7a0e\u201d\uff0c2025 \u5e74<\/em>).<\/p>\n<p>\u4e0e\u6b64\u540c\u65f6\uff0c\u7f8e\u56fd\u5f00\u59cb\u6982\u8ff0 <strong>\u53cc\u8fb9\u548c\u533a\u57df\u5173\u7a0e\u6846\u67b6<\/strong> \u660e\u786e\u4e92\u60e0\u7a0e\u7387\uff0c\u4fc3\u8fdb\u6218\u7565\u4f9b\u5e94\u94fe\u7684 \u201c\u53cb\u90a6\u5316\u201d\u3002\u4e00\u4efd\u9898\u4e3a <em>\u201c2025 \u5e74\u7f8e\u56fd\u5728\u4e9a\u6d32\u7684\u5173\u7a0e - \u5730\u533a\u6295\u8d44\u5730\u56fe\u201d<\/em> (\u4e1c\u76df\u7b80\u62a5\u300b\uff0c2025 \u5e74\uff09\u8be6\u7ec6\u4ecb\u7ecd\u4e86 <strong>\u4e09\u7ea7\u5173\u7a0e\u5236\u5ea6<\/strong> \u4e9a\u6d32\u5404\u7ecf\u6d4e\u4f53\uff1a<\/p>\n<ul>\n<li><strong>\u7b2c 1 \u7ea7\uff08\u4f4e\u4e92\u60e0\u6027\uff0c~15%\uff09<\/strong> - \u6db5\u76d6\u65e5\u672c\u548c\u97e9\u56fd\u7b49\u5408\u4f5c\u4f19\u4f34\u3001,<\/li>\n<li><strong>\u7b2c 2 \u7ea7\uff08~19-20%\uff09<\/strong> - \u4e1c\u76df\u7ecf\u6d4e\u4f53\uff0c\u5305\u62ec\u8d8a\u5357\u3001\u9a6c\u6765\u897f\u4e9a\u3001\u6cf0\u56fd\u3001\u5370\u5ea6\u5c3c\u897f\u4e9a\u548c\u83f2\u5f8b\u5bbe\u3001,<\/li>\n<li><strong>\u7b2c 3 \u7ea7\uff0840% \u4ee5\u4e0a\uff09<\/strong> - \u4fdd\u7559\u7ed9\u4e2d\u56fd\u548c\u5176\u4ed6\u88ab\u8ba4\u5b9a\u4e3a \u201c\u6218\u7565\u7ade\u4e89\u5bf9\u624b \u201d\u7684\u56fd\u5bb6\u3002\u201d<\/li>\n<\/ul>\n<p>\u603b\u4f53\u800c\u8a00\uff0c\u8fd9\u4e9b\u63aa\u65bd\u8fdc\u8fdc\u8d85\u51fa\u4e86\u4f20\u7edf\u5730\u7f18\u653f\u6cbb\u5bf9\u624b\u7684\u8303\u7574\u3002\u5b83\u4eec\u5f71\u54cd\u5230\u4e00\u7cfb\u5217\u5e7f\u6cdb\u7684 <strong>\u5de5\u4e1a\u548c\u6d88\u8d39\u90e8\u95e8<\/strong>, \u8fd9\u4e0d\u4ec5\u91cd\u5851\u4e86\u8d38\u6613\u5173\u7cfb\uff0c\u8fd8\u91cd\u5851\u4e86 <strong>\u4f01\u4e1a\u4f9b\u5e94\u94fe\u51b3\u7b56<\/strong> \u548c <strong>\u4e9a\u6d32\u7ba1\u8f96\u533a\u7684\u6218\u7565\u8ba1\u7b97<\/strong> \u5bfb\u6c42\u4fdd\u6301\u7f8e\u56fd\u5e02\u573a\u51c6\u5165\u3002.<\/p>\n<h4><br \/><strong>\u4e0e2018-2019\u5e74\u4e2d\u7f8e\u8d38\u6613\u6218\u7684\u6bd4\u8f83<\/strong><\/h4>\n<p>\u8981\u5145\u5206\u8ba4\u8bc6 2025 \u5e74\u5173\u7a0e\u5236\u5ea6\u7684\u91cd\u8981\u610f\u4e49\uff0c\u5c31\u5fc5\u987b\u5c06\u5176\u4e0e\u4ee5\u4e0b\u65b9\u9762\u8fdb\u884c\u5bf9\u6bd4 <strong>2018-2019 \u4e2d\u7f8e\u8d38\u6613\u6218<\/strong>, \u8fd9\u6807\u5fd7\u7740\u5168\u7403\u5316\u540e\u8d38\u6613\u81ea\u7531\u5316\u7684\u7b2c\u4e00\u6b21\u91cd\u5927\u9006\u8f6c\u3002\u867d\u7136\u8fd9\u4e24\u6b21\u4e8b\u4ef6\u7684\u57fa\u672c\u4e3b\u9898\u90fd\u662f\u4fdd\u62a4\u4e3b\u4e49\uff0c\u4f46\u5b83\u4eec\u5728\u8303\u56f4\u3001\u52a8\u673a\u548c\u7ed3\u6784\u6027\u540e\u679c\u4e0a\u90fd\u6709\u660e\u663e\u4e0d\u540c\u3002.<\/p>\n<p>2018-2019 \u5e74\u7684\u8d38\u6613\u6218\u5206\u9636\u6bb5\u5c55\u5f00\uff0c\u4ece <strong>2018 \u5e74 3 \u6708<\/strong>, \u5f53\u7279\u6717\u666e\u653f\u5e9c\u5b9e\u65bd <strong>\u5bf9\u94a2\u94c1\u5f81\u6536 25% \u7684\u5173\u7a0e<\/strong> \u548c <strong>\u94dd\u8fdb\u53e3\u7a0e 10<\/strong> \u6839\u636e <strong>\u8d38\u6613\u6269\u5f20\u6cd5\u300b\u7b2c 232 \u6761<\/strong>. .\u968f\u540e\u662f <strong>\u7b2c 301 \u6b3e\u884c\u52a8<\/strong> \u9488\u5bf9\u4e2d\u56fd\u7684\u5de5\u4e1a\u653f\u7b56\u3001\u77e5\u8bc6\u4ea7\u6743\u5b9e\u8df5\u548c\u6240\u8c13\u7684\u56fd\u5bb6\u8865\u8d34 (<em>\u5916\u4ea4\u5173\u7cfb\u7406\u4e8b\u4f1a\uff0c2019 \u5e74<\/em>).\u5176\u7d2f\u79ef\u6548\u5e94\u662f\u5bf9\u8d85\u8fc7 <strong>\u4ef7\u503c $360 \u4ebf\u7f8e\u5143\u7684\u4e2d\u56fd\u5546\u54c1<\/strong>, *<em>\u5bf9\u5927\u7ea6 $110 \u4ebf\u7f8e\u5143\u7684\u7f8e\u56fd\u5bf9\u534e\u51fa\u53e3\u4ea7\u54c1\u5f81\u6536\u62a5\u590d\u6027\u5173\u7a0e<\/em>.<\/p>\n<p>\u5f53\u65f6\uff0c\u51b2\u7a81\u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u4ecd\u7136\u662f <strong>\u53cc\u8fb9<\/strong>, \u4e2d\u7f8e\u8d38\u6613\u4e0d\u5e73\u8861\u548c\u6280\u672f\u8f6c\u8ba9\u4e89\u7aef\u662f\u8fd9\u6b21\u5371\u673a\u7684\u7126\u70b9\u3002\u5b83\u9020\u6210\u4e86\u53ef\u8861\u91cf\u7684\u7834\u574f--\u4e2d\u56fd\u5bf9\u7f8e\u56fd\u7684\u51fa\u53e3\u4e0b\u964d\u4e86\u5927\u7ea6 <strong>2019 \u5e74\u540c\u6bd4\u589e\u957f 12<\/strong>, \u968f\u7740\u4f9b\u5e94\u94fe\u7684\u591a\u6837\u5316\uff0c\u8d8a\u5357\u548c\u9a6c\u6765\u897f\u4e9a\u7b49\u4e1c\u5357\u4e9a\u7ecf\u6d4e\u4f53\u4e5f\u4ece\u4e2d\u53d7\u76ca (<em>\u4e16\u754c\u94f6\u884c\uff0c\u300a\u4e1c\u4e9a\u548c\u592a\u5e73\u6d0b\u7ecf\u6d4e\u6700\u65b0\u60c5\u51b5\u300b\uff0c2020 \u5e74<\/em>).\u8bf8\u5982 <em>Fajgelbaum \u7b49\u4eba\uff0cNBER \u5de5\u4f5c\u6587\u4ef6 29315 (2021)<\/em> \u8fd9\u8868\u660e\uff0c\u5927\u90e8\u5206\u5173\u7a0e\u8d1f\u62c5\u90fd\u8f6c\u5ac1\u7ed9\u4e86\u7f8e\u56fd\u7684\u8fdb\u53e3\u5546\u548c\u6d88\u8d39\u8005\uff0c\u5bfc\u81f4\u4e24\u56fd\u7684\u798f\u5229\u635f\u5931\u867d\u5c0f\uff0c\u4f46\u5374\u5f88\u666e\u904d\u3002.<\/p>\n<p>\u76f8\u6bd4\u4e4b\u4e0b <strong>2025 \u5e74\u8d38\u6613\u5173\u7a0e\u6846\u67b6\u7684\u7ed3\u6784\u6027\u5347\u7ea7<\/strong>. .\u5b83\u4e0d\u662f\u9488\u5bf9\u4e00\u4e2a\u5bf9\u624b\uff0c\u800c\u662f\u6784\u6210\u4e86\u4e00\u4e2a <strong>\u591a\u8fb9\u5173\u7a0e\u7ed3\u6784<\/strong> \u65e8\u5728\u91cd\u65b0\u8bbe\u8ba1\u5168\u7403\u4ef7\u503c\u94fe\u3002\u5176\u4e2d\u6709\u4e09\u4e2a\u4e3b\u8981\u533a\u522b\uff1a<\/p>\n<ol>\n<li><strong>\u5730\u57df\u5e7f\u5ea6<\/strong> - 2018-19 \u5e74\u7684\u63aa\u65bd\u51e0\u4e4e\u53ea\u9488\u5bf9\u4e2d\u56fd\uff0c\u5076\u5c14\u4f1a\u5bf9\u76df\u56fd\u7ed9\u4e88\u8c41\u514d\u30022025 \u5e74\uff0c\u65b0\u5173\u7a0e\u9002\u7528\u4e8e\u5168\u7403\uff0c\u5305\u62ec\u7f8e\u56fd\u5728\u4e9a\u6d32\u3001\u6b27\u6d32\u548c\u62c9\u4e01\u7f8e\u6d32\u7684\u4e3b\u8981\u5408\u4f5c\u4f19\u4f34\u3002\u8fd9\u6807\u5fd7\u7740\u4ece\u9009\u62e9\u6027\u62a5\u590d\u5230 <strong>\u7cfb\u7edf\u8c03\u6574<\/strong> \u8d38\u6613\u6d41\u52a8\u3002.<br \/><br \/><\/li>\n<li><strong>\u653f\u7b56\u76ee\u6807<\/strong> - \u65e9\u5148\u7684\u5173\u7a0e\u662f\u4e00\u79cd\u8c08\u5224\u7b56\u7565\uff0c\u65e8\u5728\u51cf\u5c11\u8d38\u6613\u8d64\u5b57\u548c\u904f\u5236\u4fb5\u72af\u77e5\u8bc6\u4ea7\u6743\u7684\u884c\u4e3a\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c2025 \u5e74\u5173\u7a0e\u5219\u690d\u6839\u4e8e \"\u77e5\u8bc6\u4ea7\u6743 \"\u7406\u8bba\u3002 <strong>\u201c\u76f8\u4e92\u516c\u5e73\u201d<\/strong> \u548c <strong>\u5de5\u4e1a\u590d\u539f\u529b<\/strong>, \u5728\u8fd9\u4e00\u80cc\u666f\u4e0b\uff0c\u5173\u7a0e\u653f\u7b56\u660e\u786e\u4e0e\u56fd\u5185\u518d\u5de5\u4e1a\u5316\u76ee\u6807\u548c\u56fd\u5bb6\u5b89\u5168\u4f18\u5148\u4e8b\u9879\u6302\u94a9\uff08\u4e0b\u8bae\u9662\u56fe\u4e66\u9986\uff0c2025 \u5e74\uff1b\u8036\u9c81\u5927\u5b66\u9884\u7b97\u5b9e\u9a8c\u5ba4\uff0c2025 \u5e74\uff09\u3002.<br \/>|<\/li>\n<li><strong>\u901f\u5ea6\u548c\u5e45\u5ea6<\/strong> - \u867d\u7136 2018-19 \u5e74\u5173\u7a0e\u5728 18 \u4e2a\u6708\u5185\u9010\u6b65\u6f14\u53d8\uff0c\u4f46 2025 \u5e74\u8ba1\u5212\u5c06\u7f8e\u56fd\u7684\u5e73\u5747\u6709\u6548\u5173\u7a0e\u7387\u63d0\u9ad8\u4e86\u8d85\u8fc7 <strong>\u5728\u4e00\u4e2a\u8d22\u653f\u5e74\u5ea6\u5185\u8fbe\u5230 15 \u4e2a\u767e\u5206\u70b9<\/strong>. .\u8fd9\u79cd\u5feb\u901f\u5347\u7ea7\u5bf9\u4f9b\u5e94\u94fe\u9020\u6210\u4e86\u76f4\u63a5\u538b\u529b\uff0c\u52a0\u901f\u4e86\u6574\u4e2a\u4e9a\u6d32\u7684\u6295\u8d44\u91cd\u65b0\u5206\u914d\u548c\u91c7\u8d2d\u8f6c\u53d8\uff08\u4e1c\u76df\u7b80\u62a5\uff0c2025 \u5e74\uff09\u3002.<br \/><br \/><\/li>\n<\/ol>\n<p>\u53e6\u4e00\u4e2a\u5173\u952e\u5206\u6b67\u5728\u4e8e <strong>\u5b8f\u89c2\u7ecf\u6d4e\u80cc\u666f<\/strong>. .2018-19 \u5e74\u7684\u8d38\u6613\u6218\u53d1\u751f\u5728\u5168\u7403\u7ecf\u6d4e\u6e29\u548c\u589e\u957f\u3001\u8d27\u5e01\u653f\u7b56\u5bbd\u677e\u7684\u65f6\u671f\u3002\u7136\u800c\uff0c2025 \u5e74\u7684\u63aa\u65bd\u662f\u5728\u91d1\u878d\u6761\u4ef6\u6536\u7d27\u3001\u5927\u6d41\u884c\u75c5\u540e\u7684\u901a\u8d27\u81a8\u80c0\u548c\u5730\u7f18\u653f\u6cbb\u5206\u88c2\u52a0\u5267\u7684\u60c5\u51b5\u4e0b\u51fa\u53f0\u7684\u3002\u56e0\u6b64\uff0c\u8fd9\u4e9b\u63aa\u65bd\u7684\u6ea2\u51fa\u6548\u5e94\uff0c\u5c24\u5176\u662f\u5bf9\u4ee5\u51fa\u53e3\u4e3a\u5bfc\u5411\u7684\u4e9a\u6d32\u7ecf\u6d4e\u4f53\u7684\u6ea2\u51fa\u6548\u5e94\u88ab\u653e\u5927\uff0c\u52a0\u5267\u4e86\u901a\u80c0\u538b\u529b\u548c\u6295\u8d44\u7684\u4e0d\u786e\u5b9a\u6027\u3002.<\/p>\n<p>\u4ece\u672c\u8d28\u4e0a\u8bb2\uff0c2025 \u5e74\u7684\u5173\u7a0e\u6d6a\u6f6e\u662f <strong>\u4e0d\u662f\u91cd\u590d\u800c\u662f\u6269\u5c55<\/strong> \u7684\u8d38\u6613\u6218\u8303\u5f0f\u3002\u5b83\u5c06\u4fdd\u62a4\u4e3b\u4e49\u63aa\u65bd\u7eb3\u5165\u4e86\u66f4\u5e7f\u6cdb\u7684\u6218\u7565\u8bae\u7a0b\uff0c\u5305\u62ec\u4ea7\u4e1a\u653f\u7b56\u3001\u6570\u5b57\u4e3b\u6743\u548c\u5730\u7f18\u653f\u6cbb\u7ade\u4e89\u3002\u5bf9\u4e8e\u4e9a\u6d32\u6765\u8bf4\uff0c\u8fd9\u9884\u793a\u7740\u4e00\u4e2a\u957f\u671f\u7684 <strong>\u6218\u7565\u8131\u94a9\u548c\u4f9b\u5e94\u94fe\u5206\u53c9<\/strong>, \u5176\u5f71\u54cd\u8fdc\u8fdc\u8d85\u51fa\u77ed\u671f\u8d38\u6613\u5dee\u989d\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>How the 2025 U.S. Tariffs Are Redefining Asia\u2013U.S. Supply Chains In early 2025, the second Trump administration launched a broad and aggressive round of trade measures aimed at protecting U.S. manufacturing and reshaping global supply chains. These new duties marked the most sweeping tariff expansion since the 2018-2019 U.S.\u2013China trade war, but unlike that earlier [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-3143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-views"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"In 2025, the Trump administration launched a broad round of trade measures aimed at protecting U.S. manufacturing and reshaping global supply chains.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"team\"\/>\n\t<link rel=\"canonical\" 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