Trump remains tough: Tariffs are the only remedy to save America, over 50 countries urgently starting negotiations, Lai Ching-te: Taiwan will not retaliate, selling 5 major countermeasures.

As tariffs caused turmoil in U.S. stocks and global markets, an anti-Trump wave broke out across the United States last week, with 500,000 people taking to the streets to protest, however, Trump still stood by his stance on tariffs, and Trump responded on Monday: "I didn't mean to crash the stock market, but sometimes you have to take medicine to cure the disease." (Synopsis: The Great Air Raid Alert has "devastating signs" in U.S. stocks, possibly repeating 1987 Black Monday) (Background added: Kill! Bitcoin pin $77,000, Taiwan stocks plunged 2,000 points, Japan and South Korea stock market crash triggered circuit breaker) Global financial markets were in turmoil after US President Donald Trump announced last week that he would impose "reciprocal tariffs" on several countries, including Taiwan. U.S. stock futures opened tumbling this morning, with the Dow Jones Index tumbling 1,822 points, or 4.7%, the S&P 500 plunging more than 5% in tandem with the Nasdaq 100 Index, and the Fear Index VIX soaring above 45, the third highest in history since the 2008 financial tsunami and the 2020 coronavirus pandemic. Taiwan stocks, which escaped last week because of even fake fakes, also plunged at the beginning of today, falling 2,085 points at one point, reaching a low of 19,212 points (or 9.8%), the largest intraday decline in history. Other Asian stock markets, including Japanese stocks, A shares and South Korean stocks, also washed in blood, once triggering the circuit breaker mechanism. The current trend of Taiwan stocks In the crypto market, bitcoin flashed to $77,000 this morning, and the cryptocurrency market exceeded $890 million in the entire network in the past 24 hours, and more than 299,000 people were liquidated. At the same time, gold, a safe-haven asset, was not spared, with spot gold briefly falling below $3,000 this morning. Investor risk aversion drove the two safe-haven currencies of the yen and Swiss franc higher, with the yen soaring 2.27% in the past five days to 146.584 yen to the US dollar, and the Swiss franc rose more than 3% during the same period. Read more: Kill! Bitcoin pin $77,000, Taiwan stocks plunged 2,000 points, Japan and South Korea stock market crash triggered circuit breaker Trump: I didn't mean to let the stock market crash... As tariffs have caused turmoil in U.S. stocks and global markets, an anti-Trump wave has erupted across the United States, with more than 500,000 people participating in 1,200 protest rallies last week, chanting for Trump Hands Off. However, Trump remains true to his stance on tariffs, stressing this morning on his social media Truth Social that "tariffs are a very beautiful thing," saying they are generating tens of billions of dollars in revenue for the United States, targeting huge trade deficits with China, the European Union and many other countries, and insisting that tariffs are the only solution to the trade deficit. According to Bloomberg on Monday, Trump told reporters on Air Force One on Monday: "I didn't mean to let the stock market crash, but sometimes you have to take medicine to cure the disease." Trump also said he had spoken with several unnamed state leaders. He reiterated that the purpose of the tariffs is to completely eliminate the U.S. trade deficit. "They were desperate for a deal, and I said, 'We're not going to run a trade deficit with your country.'" We're not going to do that, because for me, a trade deficit is a loss. We will achieve a surplus or, in the worst case, we will break even." We have to address our trade deficit, especially with China. I will not reach a deal unless a deal reduces the U.S. trade deficit in goods with China, and I hope this issue can be resolved. "China has suffered a huge blow now because everyone knows we are right," he said. Trump also pointed the finger at Europe, even saying that he wanted not only trade balance, but also compensation: "We have imposed high tariffs on Europe. They come to the table, they want to negotiate, but it won't happen unless they pay us a lot of money every year." When concerned that tariffs will lead to a rebound in inflation, Trump simply responded: "I don't think inflation will be a big problem." Trump vows to reverse trade deficit with tariffs White House economic officials revealed that more than 50 countries have called the White House to seek negotiations in the hope of mitigating the impact, but Commerce Secretary Lutnick stressed on the CBS program "Facing the Nation" that Trump is "not joking" and that Trump's tariff strategy will take effect on April 9 and will not be delayed on the road, "absolutely will continue to be implemented for days or even weeks." Lutney is optimistic that tariffs will stimulate the return of manufacturing, he revealed in an interview with CNBC on the 3rd that semiconductors are not included in the current tariffs, but Trump plans to move its manufacturing from Taiwan back to the United States, and may impose targeted tariffs in the future. In the face of the 32% tariff stick imposed by the United States, the Central News Agency reported that Taiwanese President Lai Qingde responded through a video on the 6th, proposing 5 response strategies, emphasizing that no tariff retaliation will be adopted, and there will be no change in the investment commitment of enterprises to the United States, as long as it is in the national interest. Taiwan and the United States start with zero tariffs to expand purchases to the United States and reduce the trade deficit Expand investment in the United States, in addition to TSMC's increased investment, other industries can increase their investment in the United States Remove non-tariff trade barriers Solve the long-standing concern of the United States about the export control and washing of high-tech products More than 50 countries around the world race against time to try to persuade Trump to "keep people under the knife", but Trump took a tough attitude, saying that "unless the trade deficit disappears, it will not be discussed." Experts warn that the tariff war may trigger a chain effect and drag down global growth, which is unlikely to ease in the short term. Related reports A wave of anti-Trump protests broke out in many places across the United States, and more than 600,000 people took to the streets to ask Musk to take away the "dirty hands" involved in politics Bloomberg scolded Trump for tariffs "flouting market wisdom": mistakes are paid by the United States, and the door to the worst world has been opened JPMorgan Chase warned of "Trump tariff risk": the probability of global recession increases to 60%, and US inflation will get out of control U.S. stocks crashed to a record, and the Fei Half Index plunged 10%! Trump: Tariffs don't have to be talked about unless they offer something great to the United States "Trump is still tough: tariffs are the only antidote to saving the United States, more than 50 countries urgently start negotiations, Lai Qingde: Taiwan will not retaliate, throw 5 major countermeasures" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".

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GateUser-4d011857vip
· 04-07 05:03
Sit tight and hold on, we are about to To da moon 🛫
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GateUser-4d011857vip
· 04-07 05:03
Sit tight and hold on, we are about to To da moon 🛫
View OriginalReply0
GateUser-4d011857vip
· 04-07 05:03
Sit tight and hold on, we are about to To da moon 🛫
View OriginalReply0