Orange Evening Interpretation 4.14 This is Trump, a real shameless villain, who has raised taxes in a big way and secretly exempted himself! It is said that the 90 day delay of tariffs and the exemption policy are all due to the soaring yield of US debt due to the explosion of a Japanese quantitative company's purchase of US debt. Every time the yield rises by one basis point, the US will pay an additional 37 billion yuan of interest every year. It seems that this is Trump's seven inch interest! Trump's goods are really shameless. He said one thing for another, and the policy of tariff nuclear bomb was carried out with great vigour. As a result, within a day of its implementation, he postponed the equivalent tariff of 75 negotiating countries for 90 days, turning it into a conspiracy only against China. He also added several previous taxes. On Friday, the tariff imposed by the United States on China reached a horrible 145%, which made us angry. After we followed him, we said we would not play with you, and you should lose face alone. Then just when we felt that the trade war had begun, the United States agreed again, first the United States Customs. The declaration system failed for 10 hours, and a 10 hour tax holiday was granted. Then the United States announced that the United States would conditionally exempt "equivalent tariffs" on mobile phones/PC/servers/semiconductors and other products, This is equivalent to that one third of the value of goods imported by the United States from China are duty-free, and then American stocks and bonds have taken off. The market generally believes that Chuanzi gave up, but is embarrassed to admit defeat directly. The Xinhua News Agency's evaluation of Trump is that he raised taxes in a big way and secretly tried to exempt them. In any case, this exemption is the most important benefit in the last two weeks. In these areas, Americans have imported more than 100 billion goods from China. In addition, China has also re exported a lot of goods through Southeast Asia, Canada and other regions. Therefore, this benefit is very substantial. If there is no exemption, Americans will really be supplied with iPhones at the current tax rate. The price of iPhones in the United States will exceed $2000. If according to Chuanzi's plan, iPhones will be produced in the United States, and Wall Street estimates that the price of iPhones will reach $3500, Apple can declare bankruptcy at this price. You should know that Apple, Nvidia and other super giants are already national capital. If the American people are killed directly because of tariffs, It is estimated that Trump can't keep his pension, which is beyond Trump's ability to bear. Of course, Trump said that he was paying close attention to semiconductor and the entire electronic supply chain and would provide more information about semiconductor (tariff) on Monday. The US Secretary of Commerce said that the tariff exemption might be temporary, and electronic products would be included in the upcoming industry tariff and would be implemented in about a month. The two of them mean that there will be separate taxes in the future, which can be seen as leaving a loophole for this matter. It means that although there are no tariffs now, production lines like Apple and Nvidia that are mainly in China need to be moved as soon as possible, to the United States or Southeast Asia, and to find other production lines. So it can be seen that Trump still has to fight with China for a long time, but it is still unable to leave China completely. In addition, Trump's speech on semiconductor tax rate tonight and the meeting of the President of El Salvador are very important, and the market fluctuation should not be too small. Another is today's rumor that a Japanese quantitative fund has made an explosion in US debt, which has led to a surge in US debt yield of more than 20 basis points, which is unacceptable to Trump. Because the US debt scale exceeds 37 billion yuan, and every increase in the yield by one basis point will lead to an additional interest of 37 billion dollars every year, so this yield must not rise too much, otherwise the Trump government's finance can't stand it. This plus the Japanese quantitative fund bought a large amount of US debt before Trump took office, and used circular leverage to increase the principal by 60 times. Because of the direct explosion of the equivalent tariff last week, the US debt yield was immediately pulled up It can be said that without the Japanese suicide dumping, there would be no Trump's temporary suspension of tariff parity and exemption policy on Friday. Finally, let's talk about the OM crash incident. This product should be the strongest performing knockoff in 2024, rising more than 600x from the bottom and continuously rising for 17 months. To be honest, before the crash the day before yesterday, everyone did not think that this project had any risks or problems. Even the capital market would find it difficult to maintain pig farming for such a long time. I saw a young man post on March 10th saying that he had pledged OM and could obtain an annualized yield of 19%. I believe this is a thunderous moment for him. If you want a yield of 19%, the final result is that the principal plummeted by 99%. According to the project team's explanation, this crash was caused by disorderly liquidation. Selling is irrelevant; The exchange is also rushing to shift the blame. Binance claims that the liquidation was caused by other platforms' liquidation. OK Xu Mingxing is preparing a complete report, stating that this is a major scandal in the cryptocurrency industry. VC practitioners say that OM is promoting OTC transactions on the market, with OTC off market transactions reaching $500 million. The new OTC token is used to replace the old OTC transaction, and the cycle operation is continued until the unlocked OTC chips finally explode; Another theory is that in the bear market of 2023, OM had already died, and then a Middle Eastern capital acquired and controlled it, packaging OM as the RWA project, and began to control it, as well as develop the OTC model, which led to the myth of OM skyrocketing 600x in a year; Not recognizing that any plate explosion has a trigger, this time OM should issue 888.8 million yuan, which is equivalent to doubling the supply. Then there were communication problems between several market makers and project parties, resulting in uneven distribution of profits. Then someone smashed the plate first, and the whole plate collapsed. This incident shows us that in the cryptocurrency circle, size does not equal safety. Luna 60 billion yuan can explode, OM 10 billion yuan can also explode. Perhaps in the future, we will witness 80 billion yuan of BNB or 200 billion yuan of ETH explosion. In the cryptocurrency circle, only the big cake is eternal, and other projects may be like OM, a straw shell behind it.