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Is there still a chance for Trump's tariff nuclear bomb? US Treasury Secretary: There will definitely be negotiations, and advises countries not to choose retaliatory actions.
US President Trump announced his long-anticipated latest tariff policy as scheduled after the US stock market closed this morning (3), exceeding the market's previous expectations, resulting in the impact of both stock and currency markets. However, it is worth noting that US Treasury Secretary Benson pointed out that the United States still leaves room for countries to negotiate.... (Summary: Trump's 32% tariff on Taiwan "exempted semiconductors" TSMC ADR still fell more than 6% after hours, and $880 million in agricultural exports were urgent) (Background supplement: scared collapse! Trump's reciprocal tariffs are "more aggressive than expected" Taiwan increases by 32%, bitcoin pins are $82,000, and U.S. stocks are bloodbath after hours) US President Trump (3) released the latest tariff policy as scheduled after the US stock market closed this morning, announcing that he would set a 10% benchmark tariff on US global trading partners, while imposing higher "reciprocal tariffs" on individual trading partners, the first of which named China (34%), while Taiwan (32%) and Vietnam (46%) were also the focus of attention. Since this was much more aggressive than previously expected by the market, it led to a collective plunge in the US stock market after hours and the cryptocurrency market.... U.S. Treasury Secretary Bencent: There will definitely be negotiations According to senior White House officials, the 10% benchmark tariff is scheduled to take effect in the early hours of April 5, and the reciprocal tariff is scheduled to take effect on April 9, but things seem to be turning around for now. After the release of Trump's reciprocal tariffs, U.S. Treasury Secretary Scott Bessent said in an interview that he hoped that U.S. trading partners would not take retaliatory measures, otherwise the situation would escalate, and predicted that negotiations would begin with these countries: My advice to all countries now is not to retaliate, because if retaliation is taken, the situation will escalate. If there were no retaliation, the current tariff rate would be the highest. There will definitely be negotiations, so let's wait and see. Trump is using tariffs as a bargaining chip? Trump's consistent policy is to offer new tariffs while still leaving room for countries to maneuver, as announced in early February to impose tariffs on Canada and Mexico and postpone them multiple times, the purpose of which is to use tariffs as bargaining chips, when CNN also quoted expert views as commenting: Trump first spoke wildly, and then withdrew. The outside world will fear the worst, and then realize that this is all part of Trump's art of trading. Been screaming wildly, but not really biting down. What is the reaction of countries? In response to Trump's latest tariff measures, comprehensive Reuters and other foreign media reports, the responses of many major US trading partners are summarized as follows: Canadian Prime Minister: Will fight US tariffs. In fact, this latest tariff policy has no additional impact on Canada and Mexico, because Trump has previously announced a 25% tariff on these two countries. However, the Canadian Prime Minister responded today that Trump's tariffs will completely change global trade, and the US tariffs on steel and aluminum and automobiles will directly affect millions of Canadians, and Canada will take countermeasures. Mexican president: I don't want to let things escalate. Mexico has relented, with President Claudia Sheinbaum saying today that he will respond to tariffs by revitalizing the economy and will not retaliate against the United States. Australian Prime Minister: No retaliation against the United States. As a close ally of Trump, Australia's prime minister today criticized Trump for not being friendly enough to impose a 10% tariff on the country, but also said he would not retaliate. UK: Committed to a deal. Business Secretary Jonathan Reynolds responded today that the UK is committed to a deal with the US to blunt the impact of the 10% tariff. Finally, the area reminded investors that although the United States currently leaves room for negotiations for countries, and many countries have expressed reluctance to escalate the tariff war, it remains to be seen what the specific negotiation results will be, and the capital market will obviously be affected by Trump's tariffs in the near future, and investors should pay attention to market fluctuations. Related reports Read the article: How does Trump's tariff war stir up cryptocurrency prices? Moody's Analytics: Trump tariffs will kill "5.5 million jobs"; Plus AI destroys the U.S. economy Trump tariffs remain unexploded, Fed's third leader: interest rates will remain unchanged for "a period of time", observe inflation risks (Trump tariff nuclear bomb still has a turnaround? U.S. Treasury Secretary: There will definitely be negotiations, advising countries not to choose retaliation" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".