After Trump stated that he wanted to reduce tariffs on China, Bessent came out to say that Trump did not unilaterally propose to lower tariffs on China. The current U.S. foreign policy stance has become completely chaotic. Of course, this chaos is also related to Trump's governing style, which is likely to persist for a long time.

In past U.S. administrations, some would adopt an internal competition mechanism, such as during Lincoln's era, where cabinet members would discuss internally and ultimately decide on a solution. Others would adopt an execution system, like during Biden's era, where Biden sets the direction and cabinet members execute it. Trump, on the other hand, follows a public opinion competition model, where each cabinet member, including Trump himself, frequently expresses various contradictory statements online, ultimately choosing a path to execute amidst the contradictions.

This should be the norm for the future of America, where internal competition transforms into a public opinion competition.

Under this public opinion competition, our understanding of America should also change. We can no longer just look at what they say but must also consider what they ultimately do. Otherwise, the information received each day will be very confusing. #美股下挫 $BTC