#贸易战缓和#

Is the capital repatriation signal lit up? Three insights for investors from the US-China tariff negotiations.
The breakthrough in the Sino-US talks has been reported, and the market is the first to sense the directional change in capital flow. How should investors interpret this subtext?
Firstly, tariffs on some high-end manufactured goods may be adjusted. This is a significant benefit for multinational manufacturers with operations in China. The strategy of setting up factories in Vietnam and Mexico to avoid tariffs may be reevaluated. Capital is keenly aware that hedging is not as effective as returning to the "central factory."
Secondly, tariff reductions are being promoted in conjunction with "mutual recognition of standards." The discussion between China and the United States on sharing testing standards in certain technological fields will inject potential for cooperation in high-tech industries such as biotechnology, new energy, and chips. Once the standards are unified, R&D costs and cross-border approval cycles will significantly decrease.
The third point is that inflationary pressures are forcing the US side to adjust its policies, indicating that the "cost of geopolitical interference" has exceeded the acceptable threshold. This means that future policy-making may tend towards rationality, and investors can moderately ease their concerns about policy fluctuations.
The easing of trade tensions between China and the United States is not a short-term benefit, but a directional reassessment. Funds will flow towards market sectors that show "policy stability recovery" — this is where the consensus of smart money lies.