讀後心得

After Trump announced reciprocal tariffs, China quickly responded by imposing a 34% tariff on American products, leading to a global stock market crash. The three major U.S. stock indices continued to decline by more than 4% on the 4th, and European and Asian markets were also severely impacted. Additionally, the prices of crude oil and gold also fell. Trump emphasized on social media that the U.S. investment policy remains unchanged and encouraged investors to seize the opportunity. Analysts warned that the stock market may continue to pull back.

After U.S. President Trump announced reciprocal tariffs, global stock markets plummeted. Mainland China responded immediately by deciding to take comprehensive retaliatory measures against U.S. products, leading to an escalating tariff war and continued selling pressure on the global stock markets. The three major U.S. stock indices fell more than 4% in early trading on the 4th, European stocks dropped over 5%, and Asian stocks were also affected, with the VIX fear index rising sharply.

Mainland China announced on the 4th that starting on the 10th, it would impose a 34% tariff on all U.S. imports, expand the scope of controls on rare earth exports, and initiate several countermeasures including filing a lawsuit against the U.S. at the World Trade Organization. In response to China’s retaliation, Trump condemned China in all capital letters on his social media, stating it had "misjudged the situation and has fallen into panic."

The intensification of the tariff war between the U.S. and China has caused global stock markets to once again slump. Dubbed the "Bond King," Gross warned that investors looking to catch the low should best sit on the sidelines for now, as the current risk of entering the market is quite high. Economist Roubini predicted that the stock market could experience a deeper adjustment before Trump reduces the impact on global trade.

On the 2nd, Trump announced the reciprocal tariff policy at a White House press conference, which had a wide-ranging impact, severely damaging the stock market. The three major U.S. stock indices plummeted 4% to 6% on the 3rd, marking the largest single-day drop since the pandemic began. Asian stocks also struggled, with the Nikkei 225 index dropping 955 points on the 4th, falling 20% from its historical peak and entering a bear market, while Southeast Asian markets saw astonishing declines.

With China's comprehensive tariff increases on the 4th, the U.S. and European stock markets fell sharply again, with the three major U.S. stock indices all down over 4% in early trading. The Dow Jones Industrial Average plummeted by over 1,600 points, and technology and chip stocks were also severely impacted, with the VIX index rising by 51.8%. European stock markets also performed poorly, with an overall decline exceeding 5%. Additionally, Brent crude oil prices fell 8.1% on the 4th, West Texas Intermediate crude dropped 9%, and the spot price of New York gold decreased by 2.5%.

In response to the stock market's consecutive two-day slump, Trump posted on social media, "For those investors planning to invest in the U.S., our policies will never change, and now is a great time to build wealth!" He also commented on the March employment data, saying it outperformed expectations and emphasizing that the policies have already taken effect.