Today, Trump's 25% tariff policy on Mexico and Canada is officially implemented, and the channel for Chinese goods transiting from Mexico has been forced to shut down.
Many are dissatisfied that Trump has only imposed a 10% tariff on China, while imposing 25% on Canada and Mexico. Let's put it this way: the tariffs on China are just the beginning. If the village chief does not make concessions, it will continue, while Canada and Mexico are merely transit countries profiting from the situation, and the tariffs must be higher than those on China; otherwise, the trade deficit from transshipment cannot be cut off!
Moreover, it can force the two countries to yield and cooperate. The U.S. and China cannot communicate to resolve this; it must come to the next phase before it ends.
The new 10% tariff imposed by the U.S. on China has already taken effect, which is extremely unfavorable for the Chinese central bank's defense of the RMB exchange rate. Last time, the RMB could hedge against tariffs through devaluation; now, the exchange rate has reached the 7.4 mark. If it devalues further, it will trigger more serious capital outflows. If it does not devalue, foreign trade exports will really be hit, leaving a dilemma!
On the eighth day of the first lunar month, the A-share market will be very lively on its first trading day! Everyone, please pay attention to safety.
Recently, the cryptocurrency market has also been full of ups and downs, with a volatile market that has left many people feeling dazed. To be honest, many have surrendered. But as long as it does not effectively drop below 99500, it remains in a strong volatile range. At this time, anyone talking about trends, technology, or mindset, you won’t believe it. I can only tell you to endure, hold on, and lay flat. When will the imitation season arrive? Personally, I think we should wait for Trump to confirm the national reserve plan and establish it through administrative legislation, especially since the Trump family has also bought hundreds of millions in digital currency. He has all-in on it. I don’t believe he wouldn’t take responsibility for his own funds. He has gone all-in on ETH, and at the current price, historically, it should be at the bottom. Whether you believe it or not, I believe it because I am already on the bus. There isn't a single person on the bus who has flipped over because, after all, everyone hopes to make money. At this point, I can only tell you to hold on and wait; otherwise, will you really cut your losses?
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