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End at 18:00, May 25 (UTC)
Strategist: Tariff threats resurface, but the market is relatively calm this time.
Golden Finance reported that in the face of the new round of tariff threats from the Trump administration, the initial reaction of the bond market was to sell U.S. Treasuries, with the 10-year U.S. Treasury yield rebounding from an early low. However, the volatility was not significant. Clearly, investors generally expect that the aggressive proposal to impose a 50% tariff on EU imports will ultimately be significantly weakened in negotiations, just like the earlier tariffs on China. Global asset management giant Vanguard's investment strategist John Maedziire said, "The market has calmed down now because this situation has happened before, and we know what happened afterward. It's like the story of 'The Boy Who Cried Wolf'; people are taking it less seriously now." He added, "The government is not acting recklessly; they have their own plans, and there are limits to how far they can go."