Let's talk about the relationship between interest rate cuts and inflation. The Federal Reserve has always had an inflation standard, which is 2%. With interest rate cuts, but in recent years, inflation has been quite stubborn, just not dropping to 2%. This has led some people in the Federal Reserve to believe that it doesn't have to reach 2%; as long as it is close to this target, moderate interest rate cuts can be considered. At most, the extent of the interest rate cut and the duration of the cut may be weakened. Trump is a talented individual; he believes that in international trade, the U.S. is the party at a loss, bearing too much of the deficit. Therefore, he decided to reduce the deficit through tariffs and the return of manufacturing in a simple way. The problem is that the choice of manufacturing is not a political issue. In addition to looking for alternatives to Chinese manufacturing, it is more about optimizing the industrial chain. Therefore, the return of manufacturing that he pursues has basically little possibility. So his energy is spent on increasing tariffs. Since it is inevitable to do business with me, then tariffs must be accepted to balance the deficit. This idea is good, straightforward, and blunt.

But it will inevitably be passed on to prices for items that must be imported. Therefore, his choice of products for tariffs is very cautious, but slowly, who can refuse the benefits obtained through tariffs? The U.S. government has already gained $300 billion from tariffs, so the choice of products has gradually opened Pandora's box, with more and more tariffs being added. However, this will inevitably be transmitted from hidden to visible to consumer prices and service indexes. This is a certainty; therefore, the real data of PPI will inevitably rise. Trump is trying to evade economic laws to increase revenue and cut interest rates, but in reality, his approach will ultimately only work through revenue transfer, which is to increase the income of the U.S. government. However, whether it is inflation or the U.S. economy, it is equivalent to a futile effort. So what do you say political figures are? They are marketing strategists and also liars, but this lie will take a long time to uncover because their hands can manipulate everything that seems reasonable for a certain period of time.