#XRPETF Summary of the key points from yesterday's live broadcast

Secondly, the issue of the trade war that worries everyone. As I said before, if Trump raises tariffs by 30 to 40 percent only, I believe this policy is scientific and feasible, and he will actually do it. But now it has risen to 100 to 200%. This policy has lost its credibility and feasibility, and there will be plenty of room for retracting it. For example, the Chinese Foreign Ministry recently issued a document stating that tariffs have reached 84%, and adding more tariffs is of no practical significance. If the United States continues to impose tariffs, China will not tolerate such a farce. This is an official document that aligns with my viewpoint in my previous article. When tariffs exceed 80%, it means that trade volume will decrease by more than 90%, which is almost equivalent to a halt in trade. No matter how high the tariffs are raised, they will not have a significant impact.

I wrote at that time that Trump is unlikely to raise tariffs, but he wanted to use the threat of tariffs to force these countries to concede on other issues and seek to achieve other political interests. This is also reasonable and justified. After I published the article, China announced a reciprocal increase in tariffs on the United States.