Follow-up on Trump's tax increase
Summary in one sentence
Trump postponed the tariffs against the EU from June 15 to July 9, temporarily "ceasefire", but the threat has not been withdrawn, and the fight may resume in a month.
Three core things
Why postpone?
The United States: Fear of tax increases hurting its own car companies (German car companies employ more than 100,000 people in the United States)
The European Union: Softened and said that agricultural subsidies can be discussed to give Trump a way out
Election: Trump wants to stabilize the votes in swing states and dare not flip the table
Who is the happiest/who is the most panicked?
Happy: European car companies (BMW's stock price has risen), American farmers (no need to be retaliated by the EU for the time being)
Flustered: 4S stores selling European luxury cars (prices may increase in July), French wine merchants (Trump specifically named them)
What will happen next
1. The talks are successful → tariffs are cancelled, and then the US and Europe join forces to target China
2. The talks fail → tariffs are imposed on July 9, the EU will impose tariffs on American motorcycles and whiskey, and China will take the opportunity to get the EU to sign an agreement
What ordinary people can do:
If you want to buy Mercedes-Benz or BMW, place an order in June, and you may spend 50,000 more in July or invest more in BTC or ETH
When trading coins, keep an eye on BTC and ETH, and be careful of Trump tweeting in the middle of the night
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