关税冲击:对私人市场影响的看法(英)
聚焦关税冲击:对私人市场影响的看法(英)。For mature industries, a 10% to 15% global tariff is seen as manageable, but further volatility or escalation would likely delay major investment and M&A. Any eventual tariff refunds and/or lapse of certain duties could create meaningful cash flow and macro tailwinds.