Odaily reports that Nomura analysts said in a research report that Trump is unlikely to fulfill all his tariff threats. After delaying auto tariffs on Canada and Mexico for a month, there are signs that Trump will abandon the 25% tariffs on these two countries. As Trump uses some of his tariffs as a negotiating tool, the conflict may fluctuate between escalation and de-escalation. However, Trump's behavior during his first term indicates that he is willing to escalate trade conflicts, regardless of market weakness and volatility. Nomura Securities is skeptical about the prospect of a rapid easing of the situation based on Trump's actions so far. (Jinshi)