International News #国际 #美国加征关税

· Trump angrily criticized China's countermeasures and warned that if Beijing does not withdraw the 34% retaliatory tariffs by April 8, he will impose an additional 50% tariff on China starting April 9, and all talks and negotiations initiated by Beijing will be terminated.

· After Trump's threat to impose additional tariffs on China, the offshore yuan plummeted, and Chinese stocks and ETFs traded in the U.S. accelerated their decline, with the Nasdaq Golden Dragon China Index once plunging by 7.6%.

· Trump stated that he would not suspend tariffs on various countries, but he is open to negotiations. U.S. Treasury Secretary Mnuchin indicated that about 70 countries are seeking to negotiate tariffs, with Japan receiving priority treatment, and everything can be negotiated.

· White House trade advisor Navarro hinted at Vietnam lowering value-added tax and tariffs, stating that Vietnam's proposal to cancel tariffs on the U.S. is “meaningless.”

· Trade ministers from EU countries unanimously agreed to prepare for comprehensive countermeasures against the U.S., including possibly imposing a digital tax on U.S. tech giants.

· The EU is considering imposing a 25% tariff on certain U.S. goods in response to Trump's decision last month to impose tariffs on steel and aluminum.

· Wall Street is collectively lowering its target for the S&P 500 index. Notable investor Boaz Weinstein stated that the avalanche in the credit market has just begun and may trigger a wave of corporate bankruptcies.

· BlackRock CEO Larry Fink stated that most CEOs he has spoken to believe that the U.S. is in recession.

· Federal Reserve Governor Kugler indicated that inflation is a more pressing issue than economic slowdown regarding the impact of tariffs.

· Traders expect the Federal Reserve to implement four rate cuts of 25 basis points each in 2025, with the first cut coming in June.

· U.S. consumer credit unexpectedly declined in February, falling below all economists' estimates.

· Trump ordered the U.S. Foreign Investment Committee to reassess the proposed acquisition of U.S. steel by Japan's steelmakers, possibly suggesting a reversal of Biden's previous veto decision.

· To curb market volatility, Thailand will temporarily ban short selling of stocks and tighten other stock trading rules from Tuesday until April 11.