The Saudi Exchange launched Saudi Depositary Receipts (SDRs) for the first time in the Saudi capital market.

An agreement has been reached 1. United Kingdom - ① Agreement content: The United Kingdom and the United States have reached a trade agreement and it has come into effect. The effective agreement covers the automotive (10% tariff) and aerospace (duty-free) sectors; ② Existing differences: Steel and pharmaceutical tariffs have not yet been negotiated. 2. India - ① Agreement content: Sources said that the negotiations on the India-US small trade agreement have been completed, and the average tariff rate may be 10%; ② Existing differences: India hopes that the United States will make concessions on steel and automobile tariffs and insist on agriculture as a "red line", while the United States hopes that India will further reduce tariffs in areas such as agricultural products. 3. Vietnam - ① Agreement content: The United States will reduce the basic tariff on Vietnamese goods from the original 46% to 20%, but if it is found that third-party goods are transshipped to the United States through Vietnam, a 40% punitive tariff will be imposed. In addition, Vietnam promises to open up to zero tariffs on all US goods. No agreement has been reached 1. Canada - ① Latest progress: After Canada abolished the digital service tax on June 30, the United States announced that it would immediately restart negotiations, and both sides hope to reach an agreement before July 21. ②Other issues: Canada previously imposed a 50% tariff on over-quota steel, but did not mention subsequent adjustments. 2. EU ——①Latest progress: The EU failed to make a breakthrough in trade talks with the US, and the US threatened to impose a 17% tariff on European agricultural products; EU negotiators said that if a more comprehensive agreement cannot be reached, they will seek to extend the tariff suspension period; ②Core contradiction: Automobile tariffs are the core contradiction, and the EU requires quotas or exemptions. 3. Switzerland——①Latest progress: The United States promised to give Swiss pharmaceutical exports preferential treatment in the "Section 232" national security investigation to avoid tariffs. The Swiss government has acquiesced to the draft agreement and is waiting for Trump to sign and confirm. 4. South Korea——①Latest progress: South Korean and US trade representatives negotiated in the United States to extend the reciprocal tariff exemption plan; ②Core contradiction: Automobile tariffs are the key obstacle to reaching an agreement between South Korea and the United States. The South Korean Ministry of Industry once emphasized that automobiles are a survival issue and will never compromise. 5. Japan ——①Latest progress: The United States threatened to raise Japan's automobile tariffs to 30%-35% and demanded that Japan open its agricultural product market, but Japan refused to sacrifice agriculture. Japan and the United States will hold the eighth round of negotiations; ② Core contradiction: Auto tariffs are the key obstacle to reaching an agreement between Japan and the United States. 6. Indonesia - ① Latest progress: Indonesia promises to provide preferential treatment of near-zero tariffs on more than 1,700 US products, and hopes to reduce the US tariff from 32% to below 20% in exchange for concessions in mineral cooperation. US statement 1. US Secretary of Agriculture: Trump may exempt agricultural products that are not easy to grow in the United States (such as cocoa beans or coffee). 2. Trump said he has signed a trade letter to 12 countries, which will be sent on Monday. The new tariff rate fluctuates between 10% and 70%. 3. Both Lutnick and Bessent said that after the tariff suspension period expires, higher reciprocal tariffs will take effect on August 1, and Bessent denied that the date is a "new deadline."

1. India proposed to impose retaliatory tariffs on the United States over automobile tariffs at the WTO. 2. China-EU electric vehicle negotiations are just one step away. 3. GAC's first composite wing flying car GOVY AirJet successfully made its maiden flight. 4. The pre-tariff buying boom has subsided, and Toyota and Honda expect only a slight increase in US sales in June. 5. Trump said Musk was off the track, criticized his party formation, and talked about NASA personnel and electric vehicle subsidies again. 6. Huawei ceded some sales dominance of Hongmeng Zhixing? People familiar with the matter said Huawei still dominated sales, marketing and services. 7. Say goodbye to the "OEM cooperation model", and the joint venture between NIO and JAC Motors decided to dissolve. 8. Some EU car companies and governments suggested using investment in the United States in exchange for tariff reductions. 9. CATL and Geely Automobile reached an agreement to deepen strategic cooperation. 10. NIO's Li Bin: NIO's money is lost in the open, and its balance sheet is very clean. 11. Nissan said the report about the Oppama plant was not based on an official statement. 12. BAIC Group and others established Anpeng Zhixing Automotive Industry Equity Investment Fund with a capital contribution of 1 billion. 13. Four departments: In principle, the high-power charging facility network built by new energy vehicle companies should be open to the public without discrimination. 14. Fitch: Without a significant reduction in automobile tariffs, it will be difficult for Japan and the United States to reach a trade agreement.