As the smoke of war gradually dissipates, the market is about to face the next major challenge—the tariff issue. There are less than two weeks left until the July 9 tariff deadline, and recent signals from various parties indicate that the tariff negotiation process is fraught with difficulties, and progress is not smooth. At this critical Node, the future direction of tariffs remains highly uncertain, undoubtedly casting a heavy shadow over the market outlook. In plain language.