Group 1 - The Trump administration is under significant pressure due to plummeting approval ratings, primarily attributed to the negative impact of tariffs on American consumers [1][3] - A Bloomberg poll indicates that over half of respondents feel tariffs have directly affected their financial situation, with 69% expecting continued price increases on daily goods [1] - The first quarter GDP contracted by 0.3%, contradicting the White House's claims of economic prosperity, leading to a loss of trust among independent voters [1][3] Group 2 - Consumer spending growth has sharply declined from 4% in Q4 of the previous year to 1.8%, while business investment has also significantly decreased due to tariff uncertainties [3][4] - The EU is preparing to impose retaliatory tariffs on $95 billion worth of U.S. goods, with strong opposition from allies like Japan and India regarding U.S. tariff demands [4][7] - The U.S. trade deficit surged to a record $162 billion in March, with imports rising significantly while exports saw only a slight increase, raising recession probabilities to 60% according to Goldman Sachs [11] Group 3 - China has extended an invitation to Trump to attend a military parade, which could serve as a strategic move to soften U.S. stances on trade and tariffs [12][19] - The invitation is seen as a way to leverage China's control over rare earth elements, which are critical for U.S. military technology, potentially influencing trade negotiations [12][19] - The Trump administration is reportedly preparing for a significant visit to China, indicating a shift towards more cooperative trade relations [17][19]