The China-US negotiations are a matter of time. High tariffs cannot be sustained for long because they benefit no one. Ultimately, the tax rates should decrease somewhat, returning to a relatively moderate level, but still higher than before. For example, important goods may see tax rates drop from over 100% now to 30%-50%, while less important consumer goods might decrease to around 20%-30%.

In this case, suppliers and retailers can actually absorb some of the costs and do not necessarily have to pass them on to consumers, meaning inflationary pressures may not continue to escalate. After all, American retailers' profits are quite exaggerated; converting Chinese yuan to dollars for sales, a 20% reduction won't kill them.

This is actually what I previously referred to as the 'optimistic scenario risk.' We usually only think about how to cope with negative news and wait for it to bottom out, but we rarely consider what happens if the market performs well directly—this is when it's easiest to feel at a loss.

In terms of market trends, US stocks actually started to respond positively even after the '<evaluating>' news; the recent surge has already priced in the expectations of the negotiations. Therefore, when this good news actually materializes, there may be a pattern of a strong opening followed by a slight pullback, which could be a low-risk entry point.