金吾财讯 | 华泰证券表示，对等关税90天暂停键会促使出口商抓住时间窗口抢出口，市场有望重新调整对2季度出口增速和GDP增速的展望。随着出口预期好转，考虑到5月7日双降（降准降息）政策落地，后续货币和财政政策增量政策推出的急迫性或有所降低。该行认为，本轮应对外部冲击，增量政策的核心是财政政策。由于提高赤字和增发特别国债都需要全国人大常委会的授权，因此，短期看6月的全国人大常委会或是观察增量财政政策的第一个时间窗口；如果Q2增长压力有所减缓，财政增量政策节奏或有望后延。货币政策方面，考虑到双降已经落地，后续宽松节奏还是要视内外宏观环境而定。
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