The escalation of the global trade war has resulted in a sharp decline in the stock market. Trump: This is a great time to get rich.
- byVic

讀後心得
After China imposed a 34% retaliatory tariff on U.S. imports, President Trump responded strongly, stating that this is a challenge that China cannot bear. Despite the stock market plummeting due to the trade war, Trump claimed that now is a good time to "get rich." He posted on social media, emphasizing that his policies would not change, and believes that the economic strength of the United States can force foreign companies to produce domestically. As the stock market continued to decline, investors faced significant losses, and the Federal Reserve Chairman warned that this could trigger rising inflation and slow economic growth.
The main economic rival of the United States, China, announced a retaliatory tariff of 34% on U.S. imported goods. In this situation, the U.S. president further provoked China, claiming, "This is something they can't afford!" Against the backdrop of a global trade war escalating and causing stock market crashes, the president instead declared that now is a "great time to get rich."
Reports indicate that the president posted on social media in all capital letters expressing: "China made a mistake with this move. They are panicking. This is something they can't afford!" As U.S. stocks plummeted for two consecutive days, investments and retirement portfolios also saw significant declines. The chairman of the U.S. Federal Reserve warned that these tariff measures could potentially lead to "increased inflation and decreased economic growth." The stock market on Wall Street fell as the Asian and European markets declined, with the Dow Jones Industrial Average dropping 5.5% and the S&P 500 experiencing a significant decrease of 5.97%. Since the president announced the "Liberation Day" tariff measures, U.S. financial markets have reportedly lost over $6 trillion.
On the 2nd of this month, the president implemented import tariff measures on several countries and has maintained a tough stance, stating, "My policies will absolutely not change." He also mentioned, "Now is an excellent time to get rich." The president's strategy hopes to force foreign companies to manufacture in the United States instead of continuing to rely on imports. In his post, he commented, "Only the weak fail!" and emphasized that businesses are not affected, stating, "Big companies are not worried about tariffs because they know they will be treated well."
- Meanwhile, China retaliated against Trump's tariff measures and expressed strong dissatisfaction.
- The world's fourth-largest automaker saw its stock price plummet due to tariff impacts and announced layoffs of 900 American employees.
- The increase in tariffs could cause iPhone prices to skyrocket, with experts analyzing that Apple faces a dilemma.
- The tariff war has impacted gold prices, with experts noting that gold has support unless a major economic recession occurs.