From the market response, the news of pausing tariffs has alleviated concerns about escalating trade frictions, leading to a surge in US stocks, with the Nasdaq index recording its largest single-day gain since 2001. However, this move is essentially a strategic buffer, aimed at negotiating with various countries during a 90-day window to require them to meet conditions such as opening markets and increasing purchases from the US, rather than genuinely abandoning protectionism. In the long run, the repeated tariff policies have triggered turmoil in the global supply chain, with American companies like Boeing and Tesla facing difficulties due to soaring costs and supply chain risks, and stagflation pressure may become evident in the third quarter.