Written by: Luke, Mars Finance
On May 12, 2025, the global market ushered in a turning point. China's Ministry of Commerce issued a joint statement on China-US economic and trade talks in Geneva, announcing that it would suspend some tariffs on U.S. goods for 90 days, retain the basic tax rate of 10%, and cancel non-tariff countermeasures since April 2. The U.S. pledged to adjust tariffs on China by May 14, suspending some tariffs, retaining the base tariff of 10 percent, and removing additional tariffs from early April. As soon as the news came out, risk assets collectively boiled: U.S. stock futures rose sharply, the yield on 10-year Treasury bonds hit recent highs, and the cryptocurrency market set off a boom.
This scene is not an accident, but rather another precise operation by Trump since his second entry into the White House on January 20, 2025. Like a seasoned operator, Trump has directed a grand global economic drama using tariffs, negotiations, and policy adjustments. Every step he takes is meticulously calculated, stirring the nerves of the market.