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2025-05-06

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Taxing Penguin Island Sparks Controversy; U.S. Commerce Secretary: To Prevent Loopholes

Taxing Penguin Island Sparks Controversy; U.S. Commerce Secretary: To Prevent Loopholes
讀後心得
U.S. Secretary of Commerce Luthnik responded to the controversy over tariffs from "Penguin Island," emphasizing that the policy is aimed at plugging loopholes exploited by countries like China. President Trump announced comprehensive tariffs on imported products from over 180 countries, leading to a loss in U.S. stock market value of over $6 trillion. Although only penguins inhabit these uninhabited islands, they still face a 10% tariff. Luthnik denied using artificial intelligence to generate the tax list and stated that the high tariffs would take effect as scheduled. Democratic leader Schumer criticized Trump for not taking action against Russia.

The U.S. Secretary of Commerce dismissed rumors regarding the United States utilizing artificial intelligence to generate a tariff list and explained why tariffs were imposed on "Penguin Island." The U.S. President recently announced that comprehensive tariffs will be applied on imported products from over 180 countries and regions, including a deserted island exclusively inhabited by penguins.

The newly announced tariff policy by the U.S. President sparked market turbulence, with investors incurring losses exceeding $6 trillion in the U.S. stock market. Wealthy individuals have also warned that if tariff pressures are not alleviated, the stock market will face a greater crisis. Nevertheless, the government’s economic team emphasized that no one can escape impending high tariffs.

In an interview, the Secretary of Commerce stated, "The tariff policy is inevitable." There has been increased attention online to Heard Island and McDonald Island, which are close to Antarctica, where the resident population is zero, but four species of penguins will face a 10% tariff.

  • The Senate Democratic leader criticized the government's decision, pointing out that tariffs were imposed on penguins while no actions were taken against certain countries.
  • The Secretary of Commerce defended the imposition of tariffs on these two small islands, stating that this move is aimed at closing loopholes for countries like China.
  • Some media reports suggested that the government might use artificial intelligence to generate tariff lists, which the Secretary of Commerce denied, stressing that multiple countries were left off the list.