The international economic and trade circle has been quite lively recently. The tariff policy of the Trump administration is as exciting as a roller coaster—just after suspending high tariffs on 75 countries, they fully opened fire against China, even stating, "No compromise, no hope for tariff reduction!" What exactly is going on in this "tariff offensive and defensive battle"? Let's discuss it slowly.~

1. Old Trump’s “tariff dance”: What is he really calculating?

In recent days, Trump's attitude has been more changeable than the weather in April! On April 22, he said, "Tariffs on China may drop significantly," providing the market with a "sense of security," but just three days later, he directly changed his tune on Air Force One: "China must make substantial concessions, or tariffs are off the table!"