During his recent visit to Middle Eastern countries, U.S. President Trump met with business executives in the United Arab Emirates and stated that the U.S. will unilaterally implement new tariffs on multiple countries "within the next two to three weeks," and that the tariff rates will be higher.

According to the Financial Times, during his recent visit to Middle Eastern countries, U.S. President Trump met with business executives in the United Arab Emirates and stated that the U.S. will unilaterally implement new tariffs on multiple countries "within the next two to three weeks," and that the tariff rates will be higher. He mentioned that Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will "send letters, essentially notifying countries" to clarify the "costs that countries need to pay to do business in the U.S."

Slow progress in tariff negotiations

Looking back to early April this year, Trump announced an executive order to impose a universal tariff of at least 10% on all imported goods and to implement higher "reciprocal tariffs" on multiple countries. However, perhaps due to the significant impact tariffs would have on the global economy, Trump subsequently announced a 90-day delay in the implementation of the tariffs, maintaining a base tariff of 10% to provide room for negotiations between the U.S. and other countries.

However, to date, the progress of tariff negotiations has been very slow. According to public reports, the U.S. has only reached a limited trade agreement with the UK; meanwhile, although the U.S. and China have also mutually cut tariffs, reducing U.S. tariffs on Chinese goods from 145% to 30%, and China reducing tariffs on U.S. goods from 125% to 10%, the deep-seated differences between the two sides remain unresolved. In addition, negotiations with other major trading partners, such as Japan, South Korea, Vietnam, India, and the EU, have not shown substantial progress, indicating that the U.S. faces challenges in achieving its goal of reducing the trade deficit.

Trump forcing opponents to compromise? Experts warn of market volatility

Regarding Trump's public statement of implementing new tariffs in the short term, some analysts believe that Trump's remarks may be further pressure on negotiating partners, attempting to force countries to make more concessions at the negotiating table, as Trump has consistently used the "extreme negotiation" strategy, first imposing high-pressure conditions to create a crisis, and then forcing opponents to compromise. For example, New York Times reporter David E. Sanger previously analyzed that Trump's high tariff threats are more of a bargaining chip than necessarily implementable policies.

However, BBC international business reporter Theo Leggett has also reminded that the mutual tariff reductions between the U.S. and China are the first signs of thawing relations between the two countries in months, but this does not represent long-term stability. Trump may change his stance at any time due to domestic political or economic pressure. Therefore, some experts also warn that Trump's new tariff threats could again trigger market turbulence, and investors should remain cautious.

Mixed results in the U.S. stock market, Bitcoin falls below $103,000

Regarding this news, the stock market does not seem to show a significant pessimistic attitude. According to Google Finance data, among the four major U.S. stock indices, only the Philadelphia Semiconductor Index saw a slight decline, while the other three major indices all experienced increases, specifically:

  • Dow Jones Industrial Average: up 0.78%, or 331.99 points, closing at 42654.74 points

  • S&P 500 Index: up 0.7%, or 41.45 points, closing at 5958.38 points

  • NASDAQ Index: up 0.52%, or 98.78 points, closing at 19211.10 points

  • Philadelphia Semiconductor Index: down 0.21%, or 10.26 points, closing at 4922.19 points

However, in the cryptocurrency sector, Bitcoin fell below $103,000, hitting $102,954 before the deadline, with a slight decline of 0.56% over the past 24 hours; Ethereum dropped below $2,500, dipping to $2,483, with a decrease of 1.74% over the past 24 hours.