讀後心得

As soon as Trump's tariff policy was implemented, high-tech companies, importers, and local restaurants were severely impacted. The stock market took a hit, and soaring prices left many people emotionally charged. According to the San Francisco Chronicle, Friedman, the CEO of "Fix Hardware," exclaimed after the market closed that stock prices had plummeted by 40%, setting a new low since going public. Many businesses are facing increased costs, and the restaurant industry is struggling to bear the new wave of economic pressure. Some store owners are working hard to coordinate with suppliers to cope with the impending rise in input costs, as customers are often unaware of the proprietors' difficulties. Additionally, some grocery stores and restaurants are studying the potential impact of the new tariffs on their operations.

Trump's tariff policy, once launched, has had a significant impact on tech giants, importers, and local restaurants. Stock market investors have suffered heavy losses, while non-investors are distressed by soaring prices, with some unable to refrain from cursing. Reports indicate that the CEO of Restoration Hardware exclaimed "Oh, shit!" while reviewing the company's stock price during a discussion with analysts after the market closed. Subsequently, the company's stock price plummeted 40% on the 3rd, marking the largest drop since its listing. This home goods retailer sourced 72% of its products from Asian countries last year. The U.S. stock market on the 3rd experienced its largest decline since the outbreak of the COVID-19 pandemic, with the tech-heavy Nasdaq index falling by 6%, and dropping another 5.7% the following day. Apple's stock price fell by 9% and 7.4% over two days, with a market value evaporation of $400 billion, while Nvidia also fell by 7.8% and 7.3%, losing a market value of $400 billion as well. Even smaller companies are anticipating significant increases in costs. The restaurant industry, facing high labor costs and rising food prices, will see new tariffs further erode already thin profit margins. A representative of the Golden Gate Restaurant Association pointed out that any further measures to raise costs would put significant financial pressure on restaurants, whose profit margins are already nearing a critical point. The chef of a Vietnamese noodle shop in the Richmond district stated that he is already preparing for the impending impact and has contacted suppliers to deal with potential price increases due to the 40% tariffs. He emphasized that, as a business owner, he must face these challenges, but customers may not feel the owner’s difficulties. The owner of 606 Cafe, located on the edge of San Francisco's Chinatown, stated that various ingredients imported from grocery stores in Chinatown have already been affected by the 10% tariff, and will soon face an additional 20% tax. He continues to communicate with suppliers to control price increases, and so far the impact has not been significant. It remains unclear when consumers will begin to spend more on their favorite Asian imported goods at local grocery stores.