Trump Responds to Stock Market Crash, Insisting Tariffs are the Only Cure

By: blockbeats|2025/04/07 06:00:03
Condividi
copy
Original Title: "Trump Remains Tough: Tariffs Are the Only Savior for the US, Urgent Negotiations with Over 50 Countries Initiated, Lai Ching-te: Taiwan Will Not Retaliate, Reveals 5 Major Response Measures"
Original Author: Natalia Wu, BlockTempo

Due to the tariff policy causing turmoil in the US stock market and global markets, a nationwide anti-Trump wave erupted last week with 500,000 people taking to the streets to protest. However, Trump still stuck to his stance on tariffs. Trump responded on Monday: "I did not intend to crash the stock market, but sometimes you have to take medicine to cure the illness."

US President Trump announced last week that he would implement "reciprocal tariffs" on multiple countries, including Taiwan, leading to severe turbulence in the global financial markets. US stock futures opened this morning with a sharp drop, with the Dow futures plummeting 1822 points at one point, a 4.7% decline. S&P 500 and Nasdaq 100 futures also plunged more than 5% simultaneously, with the VIX panic index soaring above 45, the third highest level since the 2008 financial crisis and the 2020 COVID-19 pandemic.

Taiwan's stock market, which escaped a downturn last week due to the holiday, also opened with a sharp drop today, falling 2085 points at one point to a low of 19212 points (or 9.8%), marking the largest intraday drop in history. Other Asian stock markets including the Nikkei, A-shares, and KOSPI also plummeted in early trading, triggering circuit breakers.

台股当前走势

In the cryptocurrency market, Bitcoin plunged to $77,000 this morning, with the total liquidation volume in the cryptocurrency market in the past 24 hours exceeding $890 million, resulting in over 299,000 people being liquidated. At the same time, gold, as a safe-haven asset, was not spared as spot gold briefly fell below $3000 this morning.

Investors' risk-off sentiment drove the Japanese yen and the Swiss franc, two major safe-haven currencies, higher. The yen surged 2.27% in the past 5 days to 146.584 yen per US dollar, while the Swiss franc rose over 3% during the same period.

Trump: I Did Not Intend to Crash the Stock Market...

Due to the tariff policy causing turmoil in the US stock market and global markets, a nationwide anti-Trump wave has erupted in the US with over 500,000 people participating in 1200 protest rallies last week, chanting to have Trump Hands Off.

However, Trump still stuck to his stance on tariffs. This morning, he posted on his own social media platform, Truth Social, emphasizing that "tariffs are a very beautiful thing," stating that they are bringing in billions of dollars in revenue for the US, aiming to address the huge trade deficits with China, the EU, and many other countries. He firmly claimed that tariffs are the only solution to the trade imbalance.

According to Bloomberg on Monday, Trump told reporters on Air Force One on Monday:

"I didn't intend to crash the stock market, but sometimes you have to take medicine to cure the illness."

Trump also said he had spoken with several unnamed national leaders. He reiterated that the purpose of imposing tariffs is to completely eliminate the U.S. trade deficit.

"They want very much to make a deal, and I said, 'We won't have a trade deficit.' We won't do it because to me, a trade deficit is a loss. We will have a surplus, or at least we'll have a balanced budget in the worst case. "

"We have to deal with our trade deficit, especially with China's trade deficit. I won't make a deal unless we reduce the trade deficit with China. I hope this issue can be resolved. "He said, "China is suffering a huge blow now because everyone knows we are right."

Trump also turned his attention to Europe, even stating that he not only wants trade balance but also compensation:

"We imposed high tariffs on Europe. They come to the negotiating table, they want to negotiate, but the negotiations won't take place unless they pay us a large sum of money every year."

When asked about the public's concerns that tariffs would 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

A White House economic official revealed that more than 50 countries have called the White House seeking negotiations to ease the impact. However, Commerce Secretary Lutnick emphasized on the CBS program "Face the Nation" that Trump is "not kidding," and Trump's tariff strategy will take effect on April 9 and will not be postponed, "will definitely be implemented for days or even weeks."

Lutnick is optimistic that tariffs will stimulate the reshoring of manufacturing. He revealed in an interview with CNBC on the 3rd that semiconductors are not currently included in the tariff, but Trump plans to move their manufacturing from Taiwan back to the U.S. and may impose targeted tariffs in the future.

More than 50 countries worldwide are racing against time, trying to persuade Trump to "spare the knife," but Trump is firm, saying, "No deal unless the trade deficit disappears." Experts warn that this tariff war may trigger a chain reaction, dragging down global growth, with no immediate relief in sight.

Original Article Link

Potrebbe interessarti anche

NOTTE DELLE BALene: AI Trading, Crypto Community & Crypto Market Insights

Il 12 dicembre 2025, WEEX ha ospitato WEEXPERIENCE Whales Night, un incontro della comunità offline progettato per riunire i membri della comunità locale di criptovalute. L'evento ha combinato condivisione di contenuti, giochi interattivi e presentazioni di progetti per creare un'esperienza offline rilassata ma coinvolgente.

Rischio di trading AI in criptovaluta: Perché migliori strategie di trading di criptovalute possono creare perdite maggiori?

Il rischio non risiede più principalmente in un cattivo processo decisionale o in errori emotivi. Vive sempre più nella struttura del mercato, nei percorsi di esecuzione e nel comportamento collettivo. Capire questo cambiamento conta più che trovare la prossima strategia “migliore”.

Gli agenti AI stanno sostituendo la ricerca sulle criptovalute? Come l'IA autonoma sta rimodellando il trading di criptovalute

L'IA sta passando dall'assistenza ai trader all'automazione dell'intero processo di ricerca-esecuzione nei mercati crypto. L'edge si è spostato dall'intuito umano alle pipeline di dati, alla velocità e ai sistemi AI pronti per l'esecuzione, rendendo i ritardi nell'integrazione dell'IA uno svantaggio competitivo.

AI Trading Bots e Copy Trading: Come le strategie sincronizzate rimodellano la volatilità del mercato delle criptovalute

I trader di criptovalute al dettaglio affrontano da tempo le stesse sfide: cattiva gestione del rischio, ingressi tardivi, decisioni emotive ed esecuzione incoerente. Gli strumenti di trading AI promettevano una soluzione. Oggi, i sistemi di copy trading e i breakout bot basati sull'IA aiutano i trader a dimensionare le posizioni, impostare stop e agire più velocemente che mai. Al di là di velocità e precisione, questi strumenti stanno tranquillamente rimodellando i mercati: i trader non solo fanno trading in modo più intelligente, ma si muovono in sincronia, creando una nuova dinamica che amplifica sia il rischio che le opportunità.

AI Trading in Crypto Spiegato: Come il trading autonomo sta rimodellando i mercati e gli scambi di criptovalute

AI Trading sta rapidamente trasformando il panorama crypto. Le strategie tradizionali faticano a tenere il passo con la volatilità ininterrotta delle criptovalute e la complessa struttura del mercato, mentre l'IA può elaborare dati massicci, generare strategie adattive, gestire il rischio ed eseguire scambi in autonomia. Questo articolo guida gli utenti WEEX attraverso cos'è AI Trading, perché le criptovalute ne accelerano l'adozione, come il settore si sta evolvendo verso agenti autonomi e perché WEEX sta costruendo l'ecosistema di trading AI di nuova generazione.

Chiama a partecipare a AI Wars: WEEX Alpha Awakens — Concorso globale di trading AI con un montepremi di 880.000 dollari

Ora, stiamo chiedendo ai trader AI di tutto il mondo di unirsi a AI Wars: WEEX Alpha Awakens, una competizione globale di trading AI con 880.000 dollari di montepremi.

Monete popolari

Ultime notizie crypto

Leggi di più