
Phyrex|Apr 02, 2025 22:09
It's hard to write today's homework. Trump really knows how to do things. At the beginning, it was announced that the reciprocal tariff was 10%. The market also seethed, Bitcoin was once expected to hit US $90000, and the US stock market also saw a sharp rise. But Trump's words have become more and more stale. It was originally a reciprocal adjustment of tariffs on the basis of 10% reciprocity, that is, tariffs from other countries to the United States. Divided by 2, the United States tariffs from other countries are at least 10%.
That is to say, if any country's tariff on the United States is 10%, then the equivalent tariff of the United States on that country is also 10%, but excluding cars, the tariff on imported cars is 25%. Of course, there is a bug here. Trump also admitted this time that investment in the United States to build factories and expand employment can offset the tariff. I remember that Hyundai of South Korea promised to build in the United States and provide more than 1400 jobs. At that time, Trump said tax exemption for Hyundai.
Of course, this information is positive for American car companies, as the cost of imported cars has increased. Tesla rose 5.3% at the close.
It is uncertain whether the tariff we mentioned before is a stick or a result. According to Trump, 10% of the reciprocal tariff will be officially implemented from April 5, while the additional reciprocal tariff, that is, the part excluding 2, will be officially implemented on April 9, that is, April 10 Beijing time.
This means that there is still one week left for all countries with tariffs higher than 10% to adjust. If these countries are willing to lower their tariffs on the United States to 10%, then the US tariffs on these countries will also be adjusted to 10%, except for China, and Mexico and Canada are not under discussion this time. It's a bit early to say the final result now, let's wait until April 9th.
Overall, if implemented according to current data, a major trade war would break out, which is definitely not a good thing.
Inflation and the economy are both headaches.
Returning to BTC's data, I don't want to say too much, let's wash ourselves up and sleep. I don't know if FUD will occur when I return to Asia time tomorrow, as it has a significant impact on China. China is likely to implement retaliatory tariffs, and Japan and South Korea are also uncertain. As I have always said, the difficulty in April will increase.
This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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