讀後心得

U.S. Treasury Secretary Mnuchin is considering resigning due to his support for Trump's new tariff policy, which has severely impacted the market and damaged his financial reputation. Reports indicate that Mnuchin finds Trump's "absurd tariff logic" unbearable and has warned that such policies could escalate conflicts. As China imposes heavy tariffs on U.S. goods, global stock markets are affected, raising concerns about Mnuchin's future direction.

The U.S. Treasury Secretary Mnuchin feels that becoming the spokesperson for Trump's tariff policy has severely damaged his reputation in the financial sector. Foreign media reported that Mnuchin is considering leaving the Trump administration due to the recently introduced "Day of Liberation" tariff policy, which has not only impacted the financial markets but also significantly affected his reputation accumulated over many years in the investment community.

A host revealed on the program that sources indicate Mnuchin wants to leave and is even considering moving to the Federal Reserve because the ongoing tariff controversy has severely harmed his position in the financial world.

U.S. President Trump recently announced a 10% tariff on all imported goods and implemented "reciprocal retaliation" tariffs on 180 countries, calling it "America's Day of Liberation." However, the market reacted strongly, leading to a significant drop in the Dow Jones Industrial Average, marking the worst day since 2020.

As a former hedge fund manager, Mnuchin is deeply dissatisfied with this "kindergarten-level trade policy," which has caused market turbulence. His job and reputation are at stake, with reports indicating that Mnuchin cannot tolerate Trump's absurd tariff logic, and despite being the Treasury Secretary, his advice seems to have been ignored, making him an outsider in the decision-making circle.

In fact, in October 2024, when Mnuchin was still an advisor to Trump's campaign, he warned that large-scale tariffs are "extreme measures," describing it as a strategy of "escalating conflict and then seeking to cool it down." Before the tariff policy was announced, he urged countries not to retaliate, warning that such actions would escalate conflict; and without retaliation, they would fall into the worst scenario.

Subsequently, the situation rapidly deteriorated, with China announcing a 34% tariff on U.S. goods, and global stock markets plummeting again. Some observers pointed out that even among Trump's business supporters, few truly endorse this tariff logic, generally stating it is the president's will, as he has always wanted to do this.