讀後心得

Starting from the early morning of April 5, the United States implemented new tariff regulations, affecting first batch countries including Australia and the United Kingdom, and providing a 51-day grace period for goods sent to the U.S. to be tax-free. The upcoming "reciprocal tariff" rates will range from 11% to 50%, with Chinese goods facing a total tax rate of 54%. Although Trump emphasized that this policy would return the U.S. to a "golden age," it resulted in a significant stock market decline, with a market value loss of up to $5 trillion. China and the European Union plan to take retaliatory measures against American goods, putting pressure on global consumers regarding prices. Trade lawyer Xiao pointed out that this move marks a significant shift in the way the U.S. engages in global trade.

The new regulations at U.S. ports, airports, and customs warehouses began at 12:01 AM Eastern Time on Saturday, April 5. The first countries affected include Australia, the United Kingdom, Colombia, Argentina, Egypt, and Saudi Arabia. However, according to an announcement by U.S. Customs and Border Protection, goods that were shipped or boarded before early Saturday and are en route to the U.S. will enjoy a 51-day grace period. If these goods arrive before 12:01 AM Eastern Time on May 27, they will be exempt from a 10% tariff.

• Next, starting April 9, the “reciprocal tariff” rates will range between 11% and 50%.
• EU goods will face a 20% tariff, while goods from Taiwan will have a tariff of 32%.
• The tariff on Chinese goods is set at 34%, and when combined with the previously imposed 20% tariff on Chinese imports by Trump, the total cumulative rate reaches 54%.

On the same day the new tariff policy was announced, Trump stated that these tariffs would bring the U.S. back to its “golden age,” but the stock market subsequently dropped sharply, with the S&P 500 companies losing $5 trillion in value within two days.

On Friday, China implemented a 34% retaliatory tariff on U.S. imports, and the EU also indicated it would take retaliatory measures, while other countries, including India, chose to wait and see. This series of measures is seen as Trump’s most aggressive step in trade policy to date.

Economists pointed out that U.S. consumers will face significant price increases, and consumers in other parts of the world will also be affected. A trade lawyer likened this to a major shift in the global trading pattern and predicted that these tariffs would gradually change as countries negotiate to lower the rates.

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