Trump's policies are being rolled out, causing waves in the market, and the correlation between U.S. stocks and Bitcoin is intensifying.
At 11 PM Beijing time today, former U.S. President Trump will hold a cabinet meeting and deliver an important speech titled 'Investing in America' at 4 AM the next day. It is widely believed that the content may involve key areas such as trade, the return of manufacturing, and cryptocurrency policies. Recently, Trump has been active, frequently making strong statements, asserting that 'Federal Reserve officials are performing poorly' and 'I have more insight than the Federal Reserve Chairman,' while emphasizing that 'tariffs have not really started yet.' Various signs indicate his intention to reshape the core of U.S. economic governance.
Notably, Trump has signed two orders related to tariff relief in the automotive industry, which is seen as a compromise to the lobbying power of the manufacturing sector. According to the order, imported cars will be exempt from additional tariffs on aluminum and steel, somewhat alleviating cost pressure in the industry. However, the core structure of the 25% tariffs remains unchanged, and the industry still faces uncertain challenges.
On the other hand, the U.S. Secretary of Commerce stated that some tariff negotiations have reached a preliminary consensus, which has stimulated a collective rise in U.S. stocks, with the S&P index recording its sixth consecutive increase—its longest winning streak in three years. This flurry of policies not only reflects Trump’s political mobilization accelerating but also indicates his attempt to construct a new vision of 'Strong America' on the economic front.
