Two months after Trump took office, the bottom card of economy, domestic affairs and diplomacy has already been displayed. A clear chain has emerged: the external tariff stick is dancing wildly, and the internal tax reduction knife is bleeding - first cutting corporate tax, then income tax, and most likely targeting consumption tax in the next step. It is common sense that the increased tariffs cannot be entirely borne by the United States itself. In this operation, as long as the total amount of domestic tax cuts is not significantly lower than the total amount of tariff increases, Americans will not increase the pain of inflation. The key is that this operation, from the perspective of Trump, also has the effect of more than one arrow: 🚩 The domestic tax reduction combined with the sharp reduction of fiscal expenditure is a decisive step for him to 'drain the swamp'. Without sufficient food and supplies, the mobilization ability of the left will be greatly reduced; As long as the progress of tax reduction keeps up with the pace of tariff increase, the inflation caused by tariff increase will have limited impact on those who have jobs, and the main blow will be the welfare party - cooperating with industrial return. Intentionally maintaining a certain inflation rate to dilute welfare levels and debt burdens, while also maintaining a certain interest rate level to maintain attractiveness to overseas funds. In an ideal scenario, maintaining an inflation rate of 2-3 points, cutting $2 trillion in fiscal spending, and then passing legislation to limit the deficit rate will make it increasingly difficult for the left in future elections. After all, the welfare pie must be based on tax increases. 🚩 At the international level, by destructively reducing the total volume of international trade, efforts by other countries to unite and resist high tariffs imposed by the United States are inexplicably undermined. On the one hand, in a residual environment, the previous strategy of gathering together and pulling wool will quickly fall apart; On the other hand, because the export goods of the United States have already been reduced to categories with low demand elasticity, even without considering the problem of insufficient retaliatory leverage caused by the huge trade surplus with the United States, one-on-one retaliatory actions are difficult to be effective. Under 30-40% tariff protection, coupled with systemic mild inflation and welfare cuts, the return of American industries is not just a dream. Of course, this state means major disasters and chaos for the world economy. But in any case, the world can only gradually accept this reality - the United States is no longer willing to continue fulfilling the obligations they have been undertaking since World War II. The main reason for this result is that everyone was pulling wool too fiercely, and the other party directly lifted the table. But it is not completely devoid of positive significance. With this operation and in line with the energy policy of the United States, it may not be difficult for international oil prices to fall below $60. At that price, everyone may see a civilized and polite Russia and Iran. One of the main means used to constrain the United States before, 'I'll sleep with Wang Lao'er next door,' has basically lost its coercive function in this environment. Trump doesn't mind who sleeps with whom at all, as long as he doesn't pay from American pocket, everything is at will.