#特朗普取消对欧关税威胁 On the surface, it appears to be a tactical concession, but essentially it is more of a rhythm adjustment rather than a shift in stance. Currently, the real pressure on the United States is not in Europe, but under the triple constraints of domestic inflation, debt, and voter expectations, the marginal benefits of continuing comprehensive external tax hikes are 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 first, stabilizing allies, then concentrating firepower" is essentially a typical negotiation game strategy: not ending the conflict, but changing the battlefield, changing the rhythm, and changing the chips. If the market interprets this as a long-term positive, it may actually overestimate the depth of the policy shift.