The international economic and trade circles have been very lively recently. The tariff policy of the Trump administration is as exciting as a roller coaster ride. It just suspended the high tariffs of 75 countries, and then it "opened fire" against China, and also said "Don't think about reducing tariffs without compromise"! What is going on in this "tariff offensive and defensive war"? Let's talk slowly~

1. Trump's "tariff swing dance": What is he thinking?

In recent days, Trump's attitude is even more changeable than the weather in April! First, on April 22, he said that "tariffs on China may drop significantly", which gave the market a "reassurance pill", but three days later, he changed his face on "Air Force One": "China must make substantial concessions, otherwise there will be no tariffs!"

Did you find it, my dears? This is actually Trump's "classic routine": while coaxing other countries to sit down and talk (suspending tariffs on 75 countries as a "sweetie"), he is increasing firepower on China (tariffs have risen to a record high of 125%). To put it bluntly, he wants to "isolate China + exert extreme pressure" to force us to make concessions in core areas such as technology and market access. But China is not a pushover. The Chinese Embassy in the United States responded directly: "Want to negotiate? Cancel all unilateral tariffs first! Threatening and negotiating at the same time, no way!" $ETH