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華紡股份(600448.SH):關税暫停期限僅有90天,後期如何發展仍存在重大不確定性
格隆匯 05-19 19:15

格隆匯5月19日丨華紡股份(600448.SH)在業績説明會上表示,2025年,全球經濟復甦或仍將在多重變量交織中艱難推進。美歐主導的“近岸化”“友岸化”貿易體系將加速重構全球產業鏈,我國紡織印染企業或將面臨訂單縮減、客户流失、成本攀升等一系列問題。此外,特朗普政府於2025年4月推行的全球對等關税政策,對中國紡織印染行業構成多維度的衝擊。這一政策以“基準關税+對等關税”的疊加模式,顯著推高了中國輸美商品的綜合税率,直接衝擊行業的核心出口市場,企業短期內面臨訂單鋭減和利潤壓縮的雙重壓力,其反覆性也進一步放大了行業風險,增加了企業的決策難度。轉口貿易作為傳統避險路徑在此次政策中同樣受阻。雖然目前中美雙方談判取得一定效果,但關税暫停期限僅有90天,後期如何發展仍存在重大不確定性。

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