Group 1 - The core viewpoint emphasizes the importance of understanding China's pragmatic operational methods and trusting its practical wisdom, especially in the context of global investment [1][11] - Investors are advised to moderately reduce their allocation to U.S. assets due to the uncertainty surrounding tariff policies, which are seen as a significant risk for business planning [1][3][5] - The ongoing changes in tariff policies create unpredictability, making it difficult for businesses to make long-term decisions regarding investments and operations [3][6][10] Group 2 - The U.S. bond market has reacted negatively to the uncertainty caused by tariff policies, indicating that it has not fully priced in the potential impacts of these policies [4][5] - The concept of "American exceptionalism" is still relevant, as the U.S. retains strong innovation capabilities and a robust market structure, despite some challenges to policy coherence and the legal system [5][10] - The historical context of globalization has led to both winners and losers, with the U.S. losing manufacturing jobs, which has influenced current political and economic policies [8][10] Group 3 - The discussion highlights the need for flexibility in investment strategies to adapt to the unpredictable nature of global economic conditions and policy changes [10][12] - The collaboration among partners in investment firms is crucial, with shared values, complementary skills, and mutual respect being key to long-term success [12][13]