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The German Minister of Economics: If Europe applies joint pressure, Trump's tariff policy will be forced to make concessions.
① Trump announced his so-called equivalent tariffs on Wednesday. Despite Europe being a traditional ally of the USA, a 20% equivalent tariff was imposed; ② German Vice Chancellor and Minister of Economy Robert Habeck stated that if Europe could unite, USA President Donald Trump would "yield to pressure" and adjust his tariff policy.
In February, the USA's trade deficit narrowed, with strong exports offsetting the impact of the "stockpiling wave."
The trade deficit of the USA in February has narrowed compared to the record level at the beginning of the year.
Tariff policies impact the Global trade system, the myth of dollar hegemony is shattered, financial experts say: the USA has become the biggest loser in the trade war.
Trump's tariff policy has impacted the Global trade system, and currently, the market generally believes that the damage to USA Assets is greater than that of many large economies whose tariffs he has just increased.
Bond Rally Shows Treasurys Fulfilling Role as Safe Haven -- WSJ
Morgan Stanley Fund: What impact will the USA's "reciprocal tariffs" have?
The recent "reciprocal tariffs" imposed on China and Southeast Asia exceed market expectations.
Express News | The U.S. 10-Year Treasury Notes Yield decreased by 10 basis points on that day, to 4.03%.