Talk about last night's data:
Trump shifts blame to retired old men, tariffs provide short-term stimulation to domestic demand but undermine global division of labor, essentially a counterproductive form of deglobalization. The GDP's drastic drop should be taken with a grain of salt, as the U.S. aggressively promotes tariffs to adjust the industrial structure, which will weaken competitiveness in the long term, and the effect of industrial repatriation is questionable.
In the future, more funds will flow towards the Asia-Pacific, ASEAN, Middle East, Latin America, and other regional cooperation systems, leading to the acceleration of the marginalization of the U.S. economy. The unipolar world is shifting towards a multipolar one, forming a new global economic order with multiple centers, multiple currencies, and multiple nodes, which will be beneficial for various industries in the long run, and the cryptocurrency sector will also benefit from the trend of diversification.
