PANews reported on March 4 that according to OKG Research analysis, Trump confirmed yesterday that the tariffs on Canada and Mexico were only short-term shocks and were more like bargaining chips. However, the latest data from the U.S. Treasury Department showed that since February 28, the balance of the Treasury General Account (TGA) has turned from net outflow to net inflow, which means that market liquidity has begun to tighten.

Data shows that from the high point in February to the end of the month, TGA accounts have had a net outflow of US$304.89 billion, and the overall outflow last month was US$233.443 billion. Without the support of new liquidity, the market may find it difficult to maintain the current upward trend, and we need to be wary of potential "talk but no action" type of false prosperity.