On May 28, China's two sessions voted to pass the "Hong Kong version of the National Security Law", which attracted strong condemnation from the United States and imposed sanctions, causing stock market turmoil. In this article, M Square uses a macro perspective to interpret the thinking of the United States and China, and what is the long-term strategic strategy? Has the brilliance of the Pearl of the Orient disappeared since then? And where is Taiwan's economy? The most important thing is the long-term direction of the international stock market. Trump keeps putting pressure on China, what has he been thinking for a long time? At a press conference on May 29, Trump criticized China for violating the Sino-British Joint Declaration, claiming that Hong Kong had changed from one country,

two systems to one country, one system, and announced that he would instruct relevant government departments to cancel Hong Kong's special treatment qualifications, including independent customs territory, travel area, A range of sanctions, including restrictions on the export of goods and technology, commercial relations, and extradition treaties. In addition, it also accused the World Health Organization (WHO) of being controlled by China and announced its withdrawal from the WHO. Later, China also reported that the soybean purchase of state-owned COFCO was suspended, Pricing making it possible that the purchase of agricultural products may fall behind one of the first-phase trade agreements between China and the United States this year (2020) due to the impact of the epidemic. According to the latest data, China's agricultural imports from January to April this year were only 3.4 billion, less than one-tenth of the promised 36.5 billion. 1 Photo Credit: Finance M Squared What is Trump thinking in the long run? Since 2018,

the U.S. has imposed tariffs on 50 billion items of "Made in China 2025", followed by 25% tariffs on 200 billion items, and 7.5% tariffs on 120 billion items still retained in the first phase of the agreement. Trade tariffs have never been lifted so far, showing that there has never been a real truce between China and the United States. And M Square also constantly emphasizes that there are two key reasons why Trump provoked a trade war and fought a long-term resistance war: Reduce the trade deficit and promote the return of manufacturing Solve the forced transfer of technology property rights and combat Made in China 2025 Trump's long-term economic and electoral strategies are destined to not st