讀後心得

U.S. Treasury Secretary Basent stated that the recent stock market decline is primarily due to the AI technology announced by China's DeepSeek company, rather than President Trump's economic policies. He mentioned that market volatility began with the launch of DeepSeek's AI model and emphasized that this is not a matter of "making America great again," but rather the impact caused by the involved high-tech companies. After Trump announced reciprocal tariffs on trading partner countries on the 2nd, the stock market temporarily fell by about 10%. Although the stock market experienced a significant drop, it later gradually recovered to a historical high. Basent also reiterated that the government will maintain a strong dollar policy.

U.S. Treasury Secretary Bessent believes that the recent market decline began after China’s DeepSeek company launched its AI technology. He pointed out that the stock market's downturn is less about the President's policies and more related to the rise of the AI model from China’s emerging company DeepSeek.

Bessent stated regarding "those who think the market's downturn is entirely due to the President's economic policies" that, in reality, this wave of market decline originated when DeepSeek announced its AI technology. He mentioned, "What is happening in the market is not a MAGA issue, but a MAG7 (Magnificent Seven) issue," emphasizing the impact of the two terms.

On the 2nd, Trump announced reciprocal tariffs against trade partner countries, which were harsher than analysts and investors expected. U.S. stock markets fell about 10% within two days of the announcement of the reciprocal tariffs. In late January, when DeepSeek launched its low-cost developed AI model, the market also experienced a significant decline. As one of the Magnificent Seven, semiconductor giant NVIDIA saw its market value shrink by nearly $600 billion in a single day.

However, the market gradually recovered, and by mid-February, the S&P 500 composite index reached an all-time high. Trump administration officials appeared unconcerned about the sharp drop in stock prices following the announcement of the reciprocal tariffs. Bessent also mentioned that the government is maintaining a strong dollar policy and denied certain analysts' views that the increase in tariffs was intended to deliberately devalue the dollar, thereby enhancing the competitiveness of U.S. products in the global market.