#Gate广场五月交易分享 This time, Trump's visit to China is not a political stunt at all; it's simply that both China and the U.S. are so awkward that they have to sit down and put out fires. Both sides are in a difficult position, each calculating their own interests, and neither has gained an absolute advantage.


U.S.: Desperate to "save its life," driven by real pressures
1. The economy is struggling: national debt interest is about to surpass military spending, tariffs have increased fivefold, and nearly 90% of costs are borne by Americans; exporters are rerouting shipments to "wash" their goods, but ultimately, consumers pay the price.
2. High-end technology is being choked: Rare earths, chips, and key components are dependent on China; attempts to "decouple" with tariffs find no substitutes, so negotiations are the only option.
3. Growth relies entirely on AI support: AI investment accounts for 4% of GDP but sustains 92% of growth; returns are lagging, and risks are concentrated in a few companies.
4. Trump’s calculation: Using the visit to China to secure large orders and market access, in exchange for increased Chinese procurement, fulfilling campaign promises, gaining votes, and rescuing American industries.
China: Also in a "painful period," taking the opportunity to stabilize the overall situation
1. Manufacturing is strong but difficult to transform: Export and supply chains are capable, but global demand is weak, trade protectionism is rising, traditional industries are facing internal competition, and new industries are not fully taking over.
2. Domestic demand is weak: People have money but are afraid to spend; capacity is sufficient, but consumption is weak; the economy is large, but individuals don’t feel the benefits directly.
Core demands: Stabilize foreign trade and foreign investment, strive to reduce tariffs and break technological blockades, buy time for domestic transformation, and reduce pressure.
Three, a clear summary: Each side pursues its own needs and helps each other in emergencies
U.S.: Internally weak, relies on debt and AI support, with poor living standards and high-end technology being blocked; seeking China’s help to boost the economy and stabilize votes.
China: Solid foundation, strong manufacturing, but facing transformation pains and insufficient domestic demand; easing external pressures and maintaining development.
Essentially: It’s not about who wins or loses, but two major powers in awkward periods, temporarily breaking the ice through diplomacy and supporting each other.
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