讀後心得

On March 5, 2025, at a factory in Wisconsin, a female worker is installing parts on the production line. The U.S. Department of Labor today released the latest employment data, showing an increase of 228,000 non-farm jobs in March, exceeding expectations, while the unemployment rate slightly rose to 4.2%. Despite a still robust job market, the stock market performed poorly due to Trump's new tariff policy, with the three major indices experiencing a pre-market drop of about 4%. March data indicate a decrease in new positions in the federal government, and the wave of layoffs has not yet fully reflected in the numbers. The healthcare and social assistance sector remains a major support for employment, while manufacturing saw negligible growth. Trump's new tariff measures may increase import costs and affect prices, creating uncertainty for households and businesses.

On March 5, 2025, at a factory in Wisconsin, USA, a female worker was installing parts on the production line. The U.S. Department of Labor released the latest employment data on April 4, showing that 228,000 non-farm jobs were added in March, exceeding expectations. The unemployment rate slightly rose by 0.1 percentage points to 4.2%. According to reports, this non-farm employment figure is significantly higher than the 140,000 predicted by economists, indicating that the job market remains strong. Despite the seemingly optimistic latest employment data, which renewed market hopes for a soft landing of the economy, U.S. stocks were still weak in pre-market trading due to the impact of Trump's tariffs, with all three major indices down by about 4%.

The March employment data showed a decrease of 4,000 federal government positions. The U.S. Department of Health has implemented a plan to lay off 10,000 employees starting from April 1, and additional layoffs in other government sectors have not yet fully reflected in the employment data. The growth in non-farm employment was primarily driven by the healthcare and social assistance sector, adding 78,000 jobs, while manufacturing saw almost no growth, adding only 1,000 jobs. The revised non-farm employment figure for February was 117,000, with an unemployment rate of 4.1%.

The new tariff measures announced by Trump on April 2 created uncertainty around U.S. trade policies and prices, suggesting that rising costs for imported goods and potential price increases will impact U.S. households and businesses. Trump announced the new tariff measures after the close of the U.S. stock market, leading to a significant decline when the three major U.S. indices opened on April 3, marking the largest single-day drop since the COVID-19 pandemic began in 2020.

• The Chinese Ministry of Commerce has expressed dissatisfaction with the high tariffs imposed by the U.S. and has filed a complaint with the WTO.
• China announced that starting from April 10, it will impose a 34% tariff on U.S. imports as retaliation.
• The European Union plans to impose fines on Musk's X platform, which could exceed $1 billion.