In the past two days, the focus of homework has mainly been on tariffs. However, as soon as I woke up this morning and saw the decline in the US stock market and Bitcoin, I estimated that tariffs had hit another trap. On the one hand, the United States has restricted the export of Nvidia and AMD chips to China, and on the other hand, Hong Kong has stopped shipping goods to the United States. The friction over tariffs between China and the United States continues to heat up, and gold continues to rise, indicating strong risk aversion among investors. However, Trump is confident that the tariff policy will lead to a decline in product prices and reduce inflation. In fact, whether we believe it or not is important. The important thing is whether the Federal Reserve believes it or not. If the Federal Reserve believes it, monetary easing will not be far away. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex