As the new tariff policy is set to be implemented on August 1, the market has already priced in this information. The latest statement from U.S. Secretary of Commerce Howard Lutnick confirms that the grace period for the tariff increase will end as scheduled. However, the market has already reacted to this, mainly reflected in three aspects:

First, the United States has reached tariff replacement agreements with most countries. Second, for countries that have not yet reached agreements, the actual tariff rates imposed are generally lower than market expectations. Finally, the market has already experienced a round of panic selling in July, which has basically completed the valuation adjustment.

In this case, investors may consider the strategy of "buying the expectation and selling the fact." When the policy is actually implemented, it is often a good time for capital reallocation. It is recommended to focus on two types of investment opportunities:

1. Policy Beneficiary Tracks: including cross-border trade infrastructure (such as RWA) and technology export substitute fields (such as AI).

2. Misidentified high liquidity targets: especially those protocols within the Ethereum ecosystem that have actual TVL (Total Value Locked) support.

In terms of individual stocks, you can focus on the following several:

- UNI: As a leader in decentralized exchanges (DEX), it is expected to benefit from the recovery of cross-border settlement demand.
- ONDO: In the RWA (Real World Assets) sector, it is one of the most concentrated targets held by institutional investors.
- AIXBT: A compliant data trading protocol that combines AI and blockchain technology.

However, investors also need to be wary of potential risks. Certain countries may take countermeasures, leading to short-term market fluctuations. Therefore, it is advisable to adopt a strategy of building positions in batches and to reserve about 10% of the position to cope with possible black swan events.

Overall, although the new tariff policy is about to be implemented, the market has largely digested this news. Wise investors should pay attention to the structural opportunities brought by the policy while remaining cautious and managing risks.