讀後心得

U.S. Treasury Secretary Basent stated that the recent stock market decline is related to the AI technology launched by China's DeepSeek company, rather than solely the impact of Trump's policies. He pointed out that the market drop began when DeepSeek released its AI model, attributing the issue to the "seven large tech stocks" rather than the "Make America Great Again" policies. Although the market experienced a significant drop at one point, it gradually recovered and reached a new high for the S&P 500 in mid-February. He emphasized that the government continues to maintain a strong dollar policy, denying that raising tariffs is aimed at manipulating the dollar's depreciation.

U.S. Treasury Secretary Besant believes that the recent market downturn began with the announcement of AI technology by China's DeepSeek.

Besant pointed out that the decline in the stock market is more related to the rise of the AI model from China’s emerging company DeepSeek than to President Trump’s policies. He mentioned, "I want to say to those who think that the market downturn is entirely due to the President's economic policies that this downturn actually started when China’s DeepSeek released its AI technology." He further emphasized that what is happening in the market is not a MAGA problem, but rather a MAG7 problem, referencing Trump’s slogan "MAGA (Make America Great Again)" and the term "Magnificent Seven" for the seven major tech stocks.

On the 2nd, Trump announced reciprocal tariffs against trading partner countries that were more severe than the expectations of analysts and investors. The U.S. stock market fell about 10% within two days after the announcement of these tariffs. The low-cost AI model released by DeepSeek in late January also caused a significant market plunge, with semiconductor giant NVIDIA, one of the Magnificent Seven, losing nearly $600 billion in market value in a single day. However, the market gradually rebounded, and by mid-February, the S&P 500 index reached a new historical high.

Trump administration officials were dismissive of the sharp drop in stock prices following the announcement of the tariffs. Besant also stated that the government is sticking to a strong dollar policy and denied some analysts' views that raising tariffs was intended to deliberately devalue the dollar to enhance the competitiveness of U.S. products in the global market.