JP MORGAN CHASE(US:JPM) Sou Hu Cai Jing·2025-05-26 11:11Group 1 - The US and China have jointly announced a reduction in tariffs, effectively pausing the ongoing trade war, which has drawn global attention to the geopolitical and economic power dynamics at play [1] - Analysts suggest that the recent agreement indicates that the Trump administration may have overestimated its own strength in the trade negotiations [1] - The communication between US and Chinese officials highlights the importance of maintaining dialogue, despite the simplicity of the statements released by both sides [3] Group 2 - Experts emphasize the necessity of reaching a trade agreement, noting that escalating tariffs would harm both parties' interests [4] - Jamie Dimon, CEO of JPMorgan Chase, expressed a commitment to deepening engagement in the Chinese capital market, signaling a potential thaw in US-China relations [4] - Following the Geneva trade meeting, the tariff confrontation has reverted to the status prior to April 2, indicating a temporary resolution [6] Group 3 - China's holdings of US Treasury bonds decreased by $18.9 billion in March, continuing a trend of diversifying foreign exchange reserves and reducing reliance on US debt [8] - Since April 2022, China's holdings of US debt have remained below $1 trillion, reflecting a significant shift in investment strategy [8] - The trend of reducing US Treasury holdings and increasing gold reserves has been notable, with China previously holding the position of the largest holder of US debt before being surpassed by Japan in 2019 [8]