Haitong International: Trump's tariff objectives force the Federal Reserve to cut interest rates, expecting A-shares to face wide fluctuations in the medium term

Haitong International released a research report indicating that Trump's main purpose of imposing tariffs is to force the Federal Reserve to cut interest rates, aiming to guide the return of manufacturing and potentially trigger a stock market crash. In the short term, the Chinese stock market faces limited risks, and it is expected that performance improvements in the first quarter will drive a rebound. In the medium term, as internal contradictions in the United States deepen, the stock market will be under pressure, which may lead to wide fluctuations in the Chinese stock market. In the long term, with breakthroughs in Chinese technology and the economic cycle rebounding, profits will drive the Chinese stock market into a major rally