
CICC: What does Trump want?

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Trump's actions and statements in early 2026 triggered market fluctuations, leading to a triple whammy in U.S. stocks, bonds, and currencies. The rise in policy uncertainty resulted in increased volatility in U.S. stocks and bonds. Trump's policy intentions mainly focused on increasing revenue, reducing costs, and repatriation, particularly achieving external revenue increases through tariff policies, which had significant effects
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