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The approaching countdown window for tariffs will definitely trigger market uncertainty, thereby increasing volatility.
Recent information indicates that the "reciprocal tariff" policy implemented by Trump and its frequent adjustments (such as delaying tariffs on certain countries until August 1 and maintaining high tariffs on China) have caused significant fluctuations in the global market.
Due to the impact of tariffs, US stocks have also experienced a decline, with funds flowing towards safe-haven assets like gold and silver. Our A-shares, however, have shown resilience amid fluctuations, with the Shanghai Composite Index breaking through 3500 points.