讀後心得

U.S. Treasury Secretary Mnuchin is considering leaving the Trump administration due to the recent tariff policies that have severely impacted the financial markets and affected his reputation. Reports say he is even interested in moving to the Federal Reserve, as the decisions made by the Treasury Department have made him feel like an outsider. Trump announced a 10% tariff on all imported goods, which led to a fierce market reaction, causing the Dow Jones Industrial Average to plummet. Mnuchin had warned that such tariff measures were "extreme measures," but Trump seems to have ignored his advice, making it difficult for him to agree with this policy logic.

U.S. Treasury Secretary Mnuchin feels that becoming the spokesperson for Trump's tariff policy has seriously damaged his reputation in the financial circle.

According to foreign media reports, Mnuchin intends to seek a departure from the Trump administration, as the recently launched “Liberation Day” tariff policy has significantly impacted the financial markets and affected his reputation built over years in the investment community.

On a program, sources indicated that Mnuchin wants to leave and is even considering moving to the Federal Reserve, as the recent tariff turmoil has already harmed his reputation.

Recently, the U.S. President announced a 10% tariff on all imported goods and imposed retaliatory tariffs on 180 countries, calling it “America’s Liberation Day.” However, the market's reaction has been very intense, with the Dow Jones Industrial Average experiencing its worst day since 2020.

As the spokesperson for this wave of tariff policies, Mnuchin has thus become the focus of external scrutiny. Reports indicate that this wave of tariffs has shaken the market, and Mnuchin, as a former hedge fund manager who accumulated over $500 million in assets, cannot agree with such a “kindergarten-level trade policy.”

He could not tolerate Trump's “absurd tariff logic,” and even as Secretary of the Treasury, Trump seems not to listen to his advice, making him an “outsider” in the decision-making circle.

In fact, as early as in 2024, when Mnuchin served as a campaign advisor for Trump, he warned that large-scale tariffs are “extreme measures,” describing them as a strategy that “heightens conflict and then seeks to calm it down.” Before the announcement of the tariff policy, he even reached out to various countries, urging them not to retaliate, as it would only exacerbate the conflict.

However, the situation quickly deteriorated, with China announcing a 34% tariff on U.S. goods, leading global stock markets to decline again. Even Trump’s corporate supporters could not genuinely endorse this tariff logic, as many investors merely stated that it was the President’s will to do so; he has always wanted to act this way.