According to the market response to #特朗普暂停新关税 , the news of suspending tariffs has alleviated concerns about escalating trade frictions, causing U.S. stocks to surge, with the Nasdaq index recording its largest single-day increase since 2001. However, this move is essentially a strategic buffer, aimed at using a 90-day window to negotiate with various countries, requiring them to meet conditions such as opening markets and increasing purchases from the U.S., rather than genuinely abandoning trade protectionism. In the long run, the repeated tariff policies have triggered turmoil in global supply chains, and U.S. companies like Boeing and Tesla are facing difficulties due to soaring costs and supply disruption risks, with stagflation pressures potentially emerging in the third quarter.