#MarketTurbulence Summary of key points from yesterday's live broadcast

Secondly, the issue of the trade war that worries everyone. As I said before, if Trump increases tariffs by 30 to 40 percent only, I believe this policy is scientific and executable, and he will actually do it. But now it has risen to 100 to 200%. This policy has lost its credibility and applicability, and there will be ample room for a rollback. For example, the Chinese Ministry of Foreign Affairs recently issued a document stating that tariffs have reached 84%, and adding more tariffs has no practical significance. If the United States continues to impose tariffs, China will not keep up with such a farce. This is an official document that aligns with my views in my previous article. When tariffs exceed 80%, it means that trade volume will decrease by more than 90%, which is almost equivalent to a halt in trade. No matter how much tariffs increase, they will not have a significant impact.

I wrote at that time that Trump is unlikely to increase tariffs, but he wanted to use the threat of tariffs to force these countries to concede on other issues and seek to achieve other political interests. This is also reasonable and justified. After I published the article, China announced a reciprocal increase in tariffs on the United States.