#加密市场反弹
The New York Times published an article on April 23rd, local time, pointing out that Trump had been arrogant both at home and abroad. He not only imposed high tariffs on trading partners such as the United States, but also threatened to fire Federal Reserve Chairman Powell. However, after receiving warnings from large US retailers such as Walmart about soaring prices of imported goods and empty shelves, the Trump administration admitted that imposing a 145% tariff on China was "unsustainable." After witnessing the widespread grief in the US stock market, Trump withdrew his threat to Powell, and US Treasury Secretary Benson also hinted that he was looking for a "way out" to avoid an intensified trade war with China.
According to the report, when Trump was competing with reality, he vividly demonstrated the political and economic costs of taking the toughest line. He blatantly opposed the trade war in early April, fantasizing that he could return to a simpler era, where he only needed to impose "punitive tariffs" to force global companies to move to the United States to build factories. But by the end of April, he found that the modern supply chain world was far more complicated than he had expected, and it was far from clear whether tariffs could produce the expected effect.
Especially after a round of blackmail against China, the New York Times found that Trump "blinked" first. The report quoted some Trump administration officials privately saying that they admitted that they failed to accurately predict China's reaction. Given the huge scale of China's exports to the United States, Trump seemed to have thought that Dong would be one of the first countries to "request (tariff) exemptions."
This time, the mad king bowed his head first, and he would get benefits in the subsequent negotiations. With the benefits and lessons of this practice, the surrender faction will only be completely extinguished, and the tough opponent will bow his head. Everyone knows what to do next, and after this realistic failure, the milk dragon probably also reacted that the world does not operate according to his wishful thinking.
