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2025-05-11

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The tariff war impacts the global trade landscape! Trump's advisor reveals: More than 50 countries are willing to negotiate with the White House.

The tariff war impacts the global trade landscape! Trump's advisor reveals: More than 50 countries are willing to negotiate with the White House.
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On the 2nd, Trump announced a 10% tariff on all imported goods, and higher rates for specific trading partners, causing turmoil in financial markets and raising concerns about an economic recession. So far, over 50 countries have contacted the U.S. government requesting negotiations. This policy takes effect on the 5th, and is set to expand on the 9th, leading to increased market uncertainty. Trump and his cabinet members emphasized that this move is intended to reshape the global trade order, but it faces the risk of retaliation from various countries. The domestic response to this policy in the United States has been mixed, with some Republican lawmakers calling for increased congressional oversight of tariff authority. Meanwhile, the business community has expressed concerns and is urging for negotiations.

The comprehensive import tax policy announced by Trump has caused significant turbulence in the financial markets and raised concerns about a recession in the U.S. economy, even altering the global trade landscape.

On April 2, U.S. President Trump announced, in Eastern Daylight Time, that a baseline tariff of 10% would be imposed on all imported goods, with higher reciprocal tax rates for certain trading partners. High-ranking U.S. officials stated that as of April 6, more than 50 countries had proactively reached out to the U.S. to request negotiations. This import tax policy officially took effect in the early hours of April 5, while the differential reciprocal tax is set to take effect on April 9, introducing new challenges amid economic uncertainty, with no solutions in sight at present.

The U.S. Treasury Secretary claimed that unfair trade practices are not a problem that can be solved in the short term and emphasized the need to assess whether the proposals from various countries are credible. Amid economic tensions, the U.S. stock market experienced a sharp decline over the weekend, but Trump enjoyed golf in Florida and expressed confidence on social media, insisting, "We will win."

Cabinet members and economic advisors of Trump collectively defended the tariff policy and attempted to downplay its impact on the global economy. The U.S. Secretary of Commerce clearly stated that tariffs would not be postponed and emphasized that this is a necessary step. As the impact of the policy continues to expand, U.S. stock index futures fell on the evening of April 6, with both the S&P 500 and the Dow Jones Industrial Average showing significant declines.

The tariff policy announced by Trump on April 2 changed the rules of global trade and reflects his long-standing economic vision. Countries are rushing to formulate countermeasures, with nations like China responding quickly. White House economic advisors admitted to feeling the backlash from other nations but stated that they also proactively requested negotiations.

The new tariffs simultaneously affect both U.S. allies and rivals, with Israel facing tariffs of up to 17%. Vietnam has expressed a willingness to reduce tariffs to zero and is in contact with the U.S. for negotiations. While many Republican senators have expressed unease about the tariff policy, some have also proposed that the president must explain the rationale for the taxes to Congress.

Although Trump is seen as exercising legitimate rights, concerns in the market remain, and will continue to be closely monitored. On the other hand, while entrepreneur Musk has remained silent on the tariff issue, he expressed hope during an event that a "zero-tariff state" could be achieved between the U.S. and Europe, a statement that drew a rebuttal from the White House trade advisor.

The Democratic former Treasury Secretary criticized the Trump administration for sending contradictory signals, believing that it is impossible to simultaneously revitalize manufacturing and reduce tariffs in trade negotiations, pointing out that this will pose challenges to the long-term development of the U.S. economy.