关税交易加速，聚焦国内政策主线，关注矿业ETF（561330）

Group 1 - The core viewpoint is that the escalation of US-China tariff disputes has led to a risk-averse sentiment among investors, particularly impacting high-valuation technology sectors in the short term [1][2] - The current market is expected to remain volatile, with a focus on domestic policy directions and global manufacturing recovery opportunities, suggesting attention to specific ETFs like the Photovoltaic 50 ETF and Mining ETF [1][2] - The market has shown some preparedness for the tariff path, with investors not falling into extreme panic, indicating limited chances for a significant market crash but also constrained upward recovery potential due to existing valuation levels [1] Group 2 - A-share market is likely to exhibit more structural characteristics, with previously high-performing sectors now becoming vulnerable, suggesting a temporary avoidance of these areas [2] - Future opportunities may arise from domestic policies such as "anti-involution" and high-end manufacturing, as well as sectors related to domestic demand recovery [2] - Overall, the market is expected to consolidate under the shadow of tariffs, shifting the investment focus from external factors to internal policies and fundamentals, seeking structural opportunities amid volatility [2]