BlockBeats news, on July 1, the trading information platform Kobeissi Letter pointed out that the irony regarding the situation between Elon Musk and Trump is that eliminating the U.S. budget deficit could actually achieve all of President Trump's economic goals in one go. First, reducing deficit spending would decrease the issuance of national debt, thereby dropping the yields on government bonds. This would also lower the inflation rate, allowing The Federal Reserve (FED) to cut interest rates and calm the fluctuations in the bond market. In fact, it was the bond market that caused a turning point in the trade war in April, when the yield on the 10-year Treasury bond soared above 4.60%. To some extent, reducing deficit spending would enable Trump to impose more tariff pressure to narrow the trade deficit. While the trade war is viewed as "short-term pain for long-term gain," the true applicable scenario for this statement is the reduction of deficit spending. As Musk discusses the debt crisis.