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● Trump Relents, Tariff Truce!

Key Global Economic Outlook: Trump’s Policy Shift and Market Reactions

1. Background of Trump’s Tariff Policy Changes

It’s a case where Trump, who had only been administering pain, has finally started providing medicine.
Initially, he strongly pressured China by imposing tariffs,
but he modified the policy after seeing tech investment powerhouses like Apple become uneasy.
This “medicine” involves granting tariff exemptions on some Chinese products.
Exemptions were given to $110 billion worth of goods, representing about 22% of total U.S. imports from China,
and it’s also important to note that 26% of global imports were exempted.
As such, behind Trump’s policy changes lie strategies to maintain the U.S. trade order,
global economic outlook, technology investment, economic analysis, and various other considerations.

2. Analysis of Smartphone Import Data

The total value of smartphones imported by the U.S. from around the world is $51 billion.
Of that, Chinese-made smartphones account for $41 billion, or about 81%.
In other words, major tech companies like Apple are heavily dependent on manufacturing in China.
Given that Trump imposed tariffs on China,
if only this portion was exempted, it can be interpreted as a result of considering
both technology investment and U.S. trade stability, rather than simply focusing on a tariff war.

3. Market Reaction and Investment Points

Trump’s policy gave the market a great shock and a sense of relief at the same time.
In the past, short-selling forces moved easily due to tariff imposition policies,
but now, with the inclusion of exemption policies, the environment may change to one where short-selling is not easy.
Also, since a gap-up phenomenon may occur on Monday morning compared to Friday’s closing price,
investors should pay attention to how quickly new news is reflected.
It is difficult to assume that the previous high point will be recovered immediately just because policy changes are positive.
Trump’s admission of his mistakes and shift in direction
gave a positive signal to market participants, but uncertainty still remains.

4. Comparison of U.S. and Chinese Economies, Intangible Assets

The United States is rich but heavily in debt,
and most of its assets are intangible assets.
On the other hand, China has relatively fewer intangible assets than the U.S.,
but it is showing continuous growth.
Trump’s medicine measure may be a prescription to
partially block the threat of rapidly growing China.
Therefore, it is necessary to re-examine the
differences between short-term abruptness and chronic stability
of the U.S. and Chinese economies through this example.

5. Comprehensive Implications and Future Prospects

This Trump policy change is not just a simple tariff adjustment, but
an important turning point in the global economic outlook and overall U.S. trade policy.
From the perspective of technology investment and economic analysis,
the U.S. economy has been impacted by short-term policy changes, but
in the long run, additional measures are needed for the tech industry and trade stability.
Investors should carefully consider the impact of the policy along with the gap-up risk and
establish a prudent strategy.

Trump shifted from initial tariff pressure and implemented medicine measures considering U.S. trade stability and
technology investment.
22% of Chinese products, worth $110 billion,
or 26% of global imports, were exempted.
In particular, it was confirmed that U.S. tech companies are heavily dependent on China,
with Chinese products accounting for 81% of smartphone imports.
As a result, market reactions such as changes in short-selling conditions and increased gap-up risk are appearing, and it is necessary to re-examine the differences in
intangible assets and growth patterns between the U.S. and Chinese economies.

[Related Articles…]
Changes in U.S. Trade Policy
Technology Investment and Global Economic Outlook

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