The Trump administration recently considered significantly lowering tariffs on China (some products may drop to 50%-65%), reflecting its strategic adjustment under high inflation, market turmoil, and political pressure. This move aims to ease trade tensions between China and the U.S., while retaining high tariffs on 'strategic interest' products (such as 100%), indicating an effort to balance economic demand with containment of China. Domestic inflation pressure in the U.S. (CPI year-on-year increase of 3.8%) and protests from the business community forced Trump to make concessions, while China demonstrated resilience through countermeasures (such as 125% tariffs on U.S. goods) and diversification of supply chains (with over 50% of trade related to the 'Belt and Road' initiative). In the short term, the reduction of tariffs may ease market sentiment, but long-term uncertainties in the game remain.