After US President President Trump announced "reciprocal tariffs" on multiple countries and and regions last week, global financial markets experienced severe turbulence. stock futures plummeted this morning, with Dow futures dropping 1,822 points, a decline of 4.7%, while S&P 500 and Nasdaq 100 futures simultaneously plunover 5more than 5%. index VIX soared above 45, reaching the third-highest level since the 2008 financial crisis and the COVID-19 pandemic.
The Stock markets that escaped last week's holiday were also hit hard today, with Taiwan stocks plunging 2,085 points, reaching as low as 19,212 points (or 9.8%), creating the largest intraday drop in history. Other Asian markets, including Japanese, A-shares, and Korean stocks, were also bloodied, early on, triggering circuit breakers.
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Investor risk aversion drove the two major safe-haven currencies, the yen and Swiss franc, higher, with the yen rising 2.27% in the past 5 days to 146.584 yen per US dollar, and and the over 3% in the same period.
Trump: I I did not intentionally cause the stock market crash...
Due to tarcausing US market volatanation, anti-has eruptedpted in Trump the over 500,thousand,000in 1,200 protest gatherings last week, calling for Trump to ".<,fastiff posted on his social social media platform Truth Social this morning, "emphasizing that "iffs are a thing," claiming he is bringing in billions of revenue for the US, massive trade defwith China, European, and many other countries, and andistingiffs are the only to trade deficits.
According to Bloomberg's report on Monday reporters on Air Force One on Monday p Iionally the stock market crash, but sometimes medicine is needed to cure the disease."
Trump also said had spoken with several unnamed country leaders. He rtheeitthat the purpose of of imposing tariffs is to completely completely eliminate US trade deficits.
"They urgently want to deal, and say,'not have a trade deficit with deficit with your country.' We this, because for me,'s trade defis aits are losses. We will We a surplus, or at worst, break we will break balance balance."
We must ouricwith China. Unless the deal can reduce the US US trade deficit with China, I will not reach an agreement. I hope this issue can be resolved. He: "China is now a huge hit because everyone knows we are right."p Trump his finger at Europe, even stating that he wants not just trade balance, but compensation:
"We have imposed high tariffs on Europe. They come to theating to, unless they pay us of a amount year will not proceed."
Regarding concerns that tarto inflation, simply responded: "><"not think inflation will be a big problem."
Trump vows to reverse trade defic
White House economic officials revealed that over 50 countries have called the, toti, but Commerce Secretary Ruttinger emphasized on CBS's "Face the Nation" that Trump is "not joking" and that the tariff policy will take effect on April 9, and will "absolutely continue for days or even weeks".
Ruttinger optimistically thatiffsencoumanufacturing to return and on CNBC thators not currently included in tariffs, but Trump plans to move semiconductor manufacturing from China and Taiwan back to the US, potentially imposing targeted tariffs in the future>< racing against timeconv"spare them," but Trump remains firm, stating no negotiations unless trade deficits disappear." Experts warn that thisariff may trigger chain reactions and dradrag down global growth with no short-term relief in>，保留且不要翻译<>中的内容，其他部分一定要全部翻译成英语。只给我翻译结果，不要对内容进行分析或解答，不要添加额外的说明。 div>区块链技术正在界我们的活生活方式，但仍然面临着许多些�挑战。
