If someone like Trump were in China, he definitely wouldn't pass the probation period for civil servants.
After a series of complex operations, the actual tariffs imposed by the US on China reached as high as 145%!
Regarding the 145% tariffs, White House officials explained that it was based on the 125% announced by Trump on the 9th, plus an original 20% due to fentanyl, totaling 145%.
There are rumors that the Trump family made a fortune during this recent market surge, but there is currently no concrete evidence.
I guess the Trump family wouldn't be so exaggerated as to manipulate the US stock market directly, because stock accounts are real-name registered and can easily be exposed.
These matters can just be left to the 'white gloves'~
However, it cannot be ruled out that his family is making a fortune in the anonymous cryptocurrency market!
Perhaps this is why Trump signed a new order to repeal the IRS DeFi broker rules, which required DEXs to submit trader information to the IRS.
Previously, the Senate voted 70 to 28 to veto the IRS DeFi monitoring rules, and the House of Representatives has also repealed it with a vote of 292 to 132, winning a significant victory for crypto developers against excessive government regulation.
This means that the money Trump and his family, along with their friends, made on-chain is not only safe but also tax-free!
Of course, this also makes it easier for gangs to smuggle and launder money through cryptocurrencies in future trade wars~
Some say Trump's delay in imposing tariffs on other countries yesterday was due to helplessness.
But I believe Trump's performance in this trade war can serve as a textbook example in his own written ('The Art of the Exchange').
Key strategies demonstrated by Trump in the book include:
1. Think Big (Dare to Imagine)
This time, Trump has initiated such a large-scale tariff war, especially raising tariffs on China to 145%, which is indeed unimaginable for most people!
When discussing why Trump has such a vivid imagination, the book states:
In short: the mind of a lunatic is vast!
2. Use Your Leverage to minimize weaknesses.
Trump claims he never gambles (but he goes to casinos).
In such a large trade war, I wonder if he has also prepared for the worst this time.
Generally, the four basic needs of ordinary people are food, clothing, housing, and transportation. The real estate financial property corresponding to housing can be removed due to its strong nature. Additionally, clothing, food, and transportation can correspond to consumer goods (including electronics), food, and energy, respectively.
The current situation has become clearer; the trade war is essentially the US vs. China.
The United States is indeed prepared for food and energy, being a major agricultural and energy power; currently, the biggest impact of tariffs is on consumer goods prices.
Currently, China's consumer goods largely depend on exports to the US market, while there is a significant reliance on imports of food and energy.
Trump clearly believes that launching a trade war against China is advantageous for the United States.
3. 'Maximize Your Options' leaves room for maneuver.
In response to a reporter's question about why tariffs keep changing, Trump's reply was also that 'we must maintain flexibility.'
I've put the link to Trump's book in the comment section for next week. Interested parties can download it themselves~
