讀後心得

U.S. Treasury Secretary Mnuchin is considering leaving the Trump administration due to the newly launched "liberation day" tariff policy, which has significantly impacted the financial markets and damaged his professional reputation. He revealed on a program that he is even contemplating shifting to the Federal Reserve due to his dissatisfaction with Trump's tariff strategy. Trump's tariff policy has led to a sharp decline in the Dow Jones Industrial Average, and Mnuchin has expressed difficulty in agreeing with such policies, having previously warned that large-scale tariffs are "extreme measures." As China imposes additional tariffs on American goods, global stock markets are shaken again, leaving the investment community feeling confused and dissatisfied with this policy.

U.S. Treasury Secretary Mnuchin felt that becoming the spokesperson for Trump's tariff policy has severely damaged his financial reputation. Foreign media reports indicate that Mnuchin seems inclined to leave the Trump administration, as the recently launched "Liberation Day" tariff policy not only disrupted financial markets but also affected the reputation he has built over the years in the investment community. A host revealed on a program that sources claimed he wanted to leave and was even considering a move to the Federal Reserve, as recent tariff events have significantly harmed his financial image.

Recently, President Trump announced a 10% tariff on all imported goods and implemented "reciprocal retaliation" tariffs on 180 countries, emphasizing that this is "America's Liberation Day." However, the market response was very severe, with the Dow Jones Industrial Average plummeting that day, marking the lowest record since 2020. Mnuchin inadvertently became the spokesperson for this tariff policy, drawing public attention.

Reports indicate that this tariff measure caused huge market upheaval. Mnuchin, a former hedge fund manager with a net worth of over $500 million, could not accept this "kindergarten-level trade policy." The host also stated that Mnuchin finds Trump's "absurd tariff logic" unbearable; although he is the Treasury Secretary, Trump seems not to heed his advice, which has made him an "outsider" in the decision-making circle.

In fact, even before, while still serving as an advisor for Trump's campaign, Mnuchin had warned that large-scale tariffs would bring "extreme measures," describing it as a strategy of "escalating conflict and then seeking to de-escalate." Prior to the announcement of the tariff policy, he even warned countries: "Don’t retaliate, or it will only exacerbate conflict; if you don’t fight back, that will be the worst case scenario." However, the situation changed rapidly, with China announcing a 34% tariff on U.S. goods, leading global stock markets to decline again. Another host frankly stated that even Trump's corporate supporters do not genuinely endorse this tariff logic, saying, "I can't find a single investor who can provide a reasonable justification for supporting this policy; everyone can only say: This is what the president wants to do; he always wants to do it this way."