Although the market is closed today, it is very lively, and many things have happened. Let me tell you one by one.

First, China has decided to launch tariff retaliation against the U.S., imposing a 34% tariff on all goods originating from the U.S., while also listing a batch of American companies on an export control list. Not only is the attitude very tough, but the response is also quick. Just a day after the U.S. announced its measures, China's countermeasures were already out, indicating that relevant plans had been in place for a long time, just waiting for the U.S. to take action to strike back immediately. With both sides imposing a 34% tariff, foreign trade basically becomes impossible. With hundreds of billions of dollars in business, one side plans to no longer import, and the other side plans to no longer export; they go their separate ways, and that’s that.

The reason why the U.S. is so arrogant is that it is the world's largest trade deficit country, and its trade deficit is greater than the combined deficits of the second to tenth countries. Most countries make money in trade with the U.S., so they are reluctant to confront the U.S. unless absolutely necessary. Moreover, the U.S. is also the world's largest consumer market, with nearly $20 trillion in scale, accounting for one-third of the global market. If they abandon the U.S. market, finding other places to sell the surplus goods is a very tricky problem. Specifically regarding U.S.-China trade, last year the U.S. imported $524.6 billion from China, while China imported $163.6 billion from the U.S. The math is obvious; with a 34% tariff, the U.S. would receive more money. But even so, China still retaliated immediately. While most countries and regions in the world hesitated or compromised on tariffs against the U.S., China set a strong example. Next, we will see whether heavyweight players such as ASEAN, Canada, Australia, Japan, South Korea, and the European Union will follow suit, standing with China to retaliate or bow to the U.S. This will be a historic alignment.

The U.S. stock market has also plummeted in the past two days. Last night, the Nasdaq 100 index fell by 5.4%, and today's pre-market trading has dropped another 2.6%. I previously mentioned that a 20% pullback in the Nasdaq would be a signal to gradually buy the dip. I had been patient and did not act before, but now I've calculated that the pullback has already exceeded 19%. If it makes another dive tonight, it will exceed 20%, and I will start to buy in batches according to my plan. Buying U.S. stocks at this position is not necessarily safe, but at least a certain degree of risk has been released, making it more cost-effective and worth a shot. ……$BTC