讀後心得

After U.S. President Trump announced reciprocal tariffs, China quickly responded by imposing a 34% tariff on American products, leading to a continued downturn in global stock markets. The three major U.S. stock indices fell over 4% in early trading on the 4th, European stocks plummeted more than 5%, and Asian stocks also significantly declined. Market panic intensified, causing the volatility index VIX to surge. Trump criticized China's retaliation on social media and emphasized future investment opportunities. Several economists warned that the stock market might further retrace, advising investors to remain cautious. Latest market data also showed significant declines in both Brent oil prices and gold prices.

After U.S. President Trump announced reciprocal tariffs, global stock markets suffered a heavy blow. Mainland China promptly retaliated by announcing comprehensive retaliatory tariffs on U.S. products, exacerbating selling pressure in the stock market. The three major U.S. stock indices dropped more than 4% again in the early trading on the 4th, while European stock markets plummeted over 5%. The Asian stock markets were no exception, and the fear index VIX surged significantly.

In response to the U.S. tariff policy, mainland China announced on the 10th that it would impose a 34% tariff on all U.S. imports, while also expanding controls on rare earth exports and planning multiple countermeasures, such as filing a lawsuit against the U.S. at the World Trade Organization. In light of these retaliatory actions, Trump strongly condemned them in a social media post, pointing out that China had misjudged the situation and stating that this was an untenable scenario for China.

The intensification of the U.S.-China tariff war led to continued dramatic declines in global stock markets the following day, putting investors at great risk. "Bond King" Gross warned that investors looking to buy on dips should remain cautious, as the risks of entering the market at this time are quite high. Economist Roubini predicted that before Trump's influence on global trade wanes, the stock market could experience more profound corrections and noted that even if negotiations between the U.S. and other countries occur in the coming weeks, market pressures will not dissipate immediately.

The reciprocal tariff policy announced by Trump on the 2nd at the White House had a global impact, causing the three major U.S. stock indices to experience their largest single-day drop since the COVID-19 pandemic on the 3rd, with declines ranging from 4% to 6%. Selling pressure in Asian stocks continued on the 4th, with the Nikkei 225 index plunging by 955 points (a drop of 2.8%), further falling into a bear market, while Southeast Asian stock markets, such as those in Singapore, the Philippines, Thailand, and Vietnam, also dropped to multi-month lows.

As mainland China released new measures on the 4th, it triggered another heavy setback in U.S. and European stock markets. The three major U.S. stock indices all fell in early trading on the 4th, especially the Dow Jones Industrial Average, which fell by over 1,600 points again. Tech stocks and semiconductor stocks continued to decline, and the VIX index surged 51.8%, while European stock markets collectively declined over 5%.

At the same time, oil prices were also affected, with Brent crude prices dropping 8.1% intraday on the 4th to $64.49 per barrel, while West Texas crude fell by 9% to $60.95 per barrel. Additionally, New York spot gold prices fell by 2.5%, trading at $3,033.79 per ounce.

Facing two consecutive days of significant stock market declines, Trump issued a statement on social media encouraging investors looking to invest in the U.S. in the future, emphasizing consistency in policy and calling it a great opportunity to create wealth. He also commented on the employment data from March, stating that the data performance was outstanding and far exceeded expectations, confidently stating that the policies were already having an effect, and urging everyone to continue working hard and not to give up.