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Speaking of tariffs, China's Ministry of Commerce responded strongly to the United States, stating that if the U.S. side increases tariffs by another 50%, China will "fight to the end." Trump's move is quite harsh, proposing to add 50% on top of the existing 20%-34% tariffs, bringing the total tariff rate to 104%. The U.S. imports over 400 billion goods from China each year, and if this is implemented, the impact could be significant.

Looking at the current situation, China will definitely not concede easily. Everyone has seen our strategic determination over the past few years; it is unlikely that we will change our policy due to external pressure. The worst-case scenario could be a significant reduction in China-U.S. trade, a contraction in global trade volume, and a restructuring of the world economic landscape. This situation could adversely affect global economic growth, reminding people of the Great Depression of the last century. Therefore, investments must be cautious now, keeping some cash on hand, but there is no need to be overly pessimistic; there will always be a turning point. #关税