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After the market showed 4 to Trump, Trump continued to soften and released two good pieces of news:
1) The tariff will not be that high with the easing of relations with Dongda.
2) It's not about firing Powell;
These two pieces of news: 1 is that concerns about the trade war have decreased; the second point is particularly important, as it stabilizes the market's worries about changes to the existing financial system. If Trump were to move Powell, it would impact the foundation of the existing dollar-dominated financial system, but Trump has held back. #币圈观察员