#特朗普取消对欧关税威胁 A simple tactical concession on the surface, it is more like a rhythm adjustment rather than a shift in stance. The current real pressure on the United States is not in Europe, but under the triple constraints of domestic inflation, debt, and voter expectations, the marginal benefit of continuing to impose comprehensive external taxes is rapidly declining. Easing relations with Europe is equivalent to reducing noise for American companies and capital markets, while refocusing strategic frictions on higher-priority opponents.

This kind of operation of “loosening one side first, stabilizing allies, then concentrating firepower” is essentially a typical negotiation game strategy: not to end the conflict, but to change the battleground, change the rhythm, and change the chips. If the market interprets this as a long-term positive, it may actually overestimate the depth of policy shift.