讀後心得

U.S. Treasury Secretary Mnuchin is reportedly considering leaving the government due to the impact of Trump's "Day of Liberation" tariff policy on his reputation in the financial sector. Media reports indicate that he is contemplating a move to the Federal Reserve, as Trump's tariff policy has not only severely impacted the market but also made him a controversial spokesperson. Mnuchin had previously warned that such large-scale tariffs were "extreme measures," but ultimately could not prevent the implementation of the policy. Faced with intense market reactions, Mnuchin feels helpless regarding Trump's decisions, pointing out that he cannot find reasonable justifications to support this policy.

U.S. Treasury Secretary Bentsen is considering leaving the Trump administration due to the recently announced "Liberation Day" tariff policy, which has severely impacted financial markets and damaged his reputation built over years in the investment world. MSNBC host Ruhle mentioned that sources say, "He wants to leave and is even considering a move to the Federal Reserve, as the recent tariff turmoil has harmed his financial reputation."

Trump recently announced a 10% tariff on all imported goods and imposed "reciprocal retaliation" tariff measures on 180 countries, claiming it to be "America's Liberation Day." However, the market reacted negatively, with the Dow Jones Industrial Average experiencing a significant drop, marking its worst day since 2020. Bentsen inadvertently became a spokesperson for this wave of tariff policy, attracting external attention.

Reports indicate that this wave of tariffs triggered severe market turbulence, and as a former hedge fund manager, Bentsen, who has accumulated a net worth of over $500 million, is deeply dissatisfied with such "kindergarten-level trade policy." Ruhle stated that Bentsen cannot tolerate Trump's "absurd tariff logic," and despite being Secretary of the Treasury, Trump seems not to heed his opinions, making him an outsider in decision-making circles.

As early as October 2024, when Bentsen was a campaign advisor for Trump, he warned that implementing large-scale tariffs was an "extreme measure," describing this strategy as "escalating conflict in search of de-escalation." Before the policy was announced, he told various countries: "Do not retaliate, as it will only escalate the conflict; if there is no counteraction, that would be the worst-case scenario." However, the situation changed dramatically when China announced a 34% tariff on U.S. goods, leading to another significant decline in global stock markets. Ruhle noted that even Trump’s corporate supporters do not truly back this tariff logic, stating, "I can't find any investor who can provide a valid reason to support this policy; everyone can only say: this is what the President wants to do, and he's always wanted to do this."