The Trump administration subsequently announced a "90-day tariff suspension period," which briefly triggered a rebound in global stock markets, but the policy's volatility has increased market anxiety. Data shows that China's export value surged 12% year-on-year in March, mainly due to companies rushing to ship goods before the tariffs took effect. However, institutions predict a cliff-like drop in export volume after April. Trade friction is penetrating from the goods sector to service trade, and the so-called "trade balance" is essentially a shrinkage of bilateral trade volume — China's manufacturing employment market is under pressure, and U.S. inflation pressure has risen to 8.7%, significantly increasing household consumption costs.