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2025-04-21

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China imposes retaliation tariffs! Trump: My policies will never change.

China imposes retaliation tariffs! Trump: My policies will never change.
讀後心得
The US stock market plummeted over 1,000 points before the opening on the 4th, as China announced it would impose a 34% tariff on American products starting April 10, in response to the US's reciprocal measures. Trump stated on social media that his policies would not change and called it a good opportunity to invest in America. Although the US non-farm payroll growth in March exceeded expectations, indicating a strong job market, ongoing trade tensions continued to affect the stock market.

The US stock market sharply declined before the opening on the 4th, with the Dow Jones Industrial Average plummeting more than 1000 points in pre-market trading. Trump stated on social media, "My policies will never change!" and believes now is a great opportunity to invest in the United States.

The Chinese State Council announced today that starting April 10, it will impose a 34% tariff on all goods imported from the United States, which is exactly the same rate as the tariffs the United States has levied on China. In this context, the US-China trade war has escalated again. Originally, pre-opening trading showed a slight decline in US stocks, but with China's retaliatory tariffs and the inclusion of multiple US companies on a control list, the situation worsened instantly, and the Dow Jones Industrial Average drastically fell, similar to the crash the previous day.

Trump told investors on his social media, "To the many investors coming to America and investing large amounts of money, now is a great time to get rich; it’s easier to become wealthy than ever before!" He also praised the non-farm payroll data for March, pointing out that there were 228,000 new jobs added, far exceeding the expected 140,000, indicating that the US job market remains strong, which may lead the Federal Reserve to decide against lowering interest rates for the time being.

Trump posts on social media