讀後心得

On the 2nd, U.S. President Trump announced reciprocal tariffs, sparking a global wave of reaction. Taiwan faces the impact of this situation during the Qingming holiday, and it is expected that on the 7th, the stock and currency markets will encounter selling pressure, especially with attention on whether the Taiwan stock market can hold the 20,000-point threshold. The National Security Fund is also prepared to convene an emergency meeting at any time to respond to market fluctuations. Previously, the U.S. stock market experienced a significant decline due to tariff policies, resulting in a market value evaporation of about 6 trillion dollars. The Premier of Taiwan stated that there needs to be psychological preparedness to face the shock situation, and relevant financial institutions are also taking measures to stabilize the market.

On the 2nd, the President of the United States announced the implementation of equivalent tariffs, which led to drastic fluctuations in global markets. During the Qingming holiday, Taiwan was affected by this wave of tariff impacts, and the stock and currency markets may face considerable selling pressure on the 7th. Whether the Taiwan stock market can maintain the support at the 20,000-point level has drawn significant attention from market participants. Various financial sectors are on high alert and ready to respond at any moment, and if necessary, the National Security Fund will convene an emergency committee.

Since the President announced the global tariff policy, China swiftly proposed retaliatory measures with the same tax rate, causing the U.S. stock market to plummet again on Friday, setting a historical record for two consecutive days of losses exceeding 1,500 points, with a total market value evaporating by about $6 trillion (approximately NT$198.6 trillion). Not only the U.S. stocks but international markets were also severely hit; the Nasdaq index, primarily comprised of technology stocks, fell more than 20% from its peak set on December 16, 2024, officially entering a bear market. After Taiwan's stock and currency markets were closed for two trading days during the Qingming holiday, they are expected to face considerable selling pressure next Monday, especially since the U.S. has imposed a tax rate of 32% on Taiwan, which clearly exceeds market expectations and will directly undermine investor confidence. The Premier candidly stated, "We must be prepared to face a shock."

The routine meeting of the National Security Fund originally scheduled for April 14 has drawn special attention due to the significant changes in international market conditions and tariffs. Sources indicate that during Taiwan's stock market closure, the National Security Fund will closely monitor domestic and international political and economic dynamics and the trading situation in the U.S. and European markets. Although a regular meeting is expected to be held on the 14th, if abnormal conditions such as disorder in the capital market arise, the National Security Fund can convene an emergency meeting to decide whether to activate market stabilization measures. To address the stability of the financial market, the Premier also convened a meeting, inviting the central bank, the financial supervisory commission, and the Ministry of Finance and other relevant agencies to report on financial stability measures. Relevant personnel indicated that the meeting would analyze the current status of Taiwan's financial structure, as well as the correlation between Taiwan's stock and currency markets and international markets, and thoroughly review response measures.

• Trump imposes a 32% equivalent tariff on Taiwan.
• The government has sent personnel to Washington D.C. for negotiations.
• New Taipei City will assist the information and electronics industry in responding to the impact.
• The U.S. Secretary of Commerce stated that the chip manufacturing industry will move from Taiwan back to the U.S.
• Huang Kuo-chang calls on Lai Ching-te to convene a national conference, suggesting reference to the "Vietnam model."
• Kuo Kuo-wen warns that industrial outflow will be difficult to recover.