President-elect Trump had promised the American people multiple times before winning the election last November, including the implementation of comprehensive tariff policies that would impose a maximum tariff of 10% or 20% on all imported goods to protect the American economy and the interests of the American people.
Trump rumored to only impose tariffs on key goods.
However, according to a report by the Washington Post late yesterday (6), three sources revealed that Trump's team is discussing a tariff plan applicable to each country, which may only target imports of certain key goods, indicating that Trump's future tariff policies may not be as stringent as promised.
The Washington Post continued to point out that the tariffs currently being discussed by Trump's team are not aimed at all goods, but focus on those deemed crucial to the national economic security of the United States, such as the defense industrial supply chain, critical medical supplies, and raw materials for energy production.
Trump responded: There will be no reduction in tariffs.
However, in response to the Washington Post's report, Trump later stated on his social media platform Truth Social that the report was not true, and that his tariff policy would not be reduced, leaving people confused.
The Washington Post's report cited false sources, incorrectly claiming that I would reduce tariff policies. This is just typical fake news.
Additionally, Brian Hughes, a spokesperson for Trump's transition team, stated that:
Trump promised to implement tariff policies to protect American manufacturing and workers from unfair treatment by foreign companies. Just as he did during his first term, he will make our country more prosperous and better through economic and tariff policies.
The dollar responded by dropping.
We know that since October last year, the dollar has been continuously rising due to uncertainty brought by Trump's potential tariff policies, as well as the Federal Reserve reducing the number of expected rate cuts this year, and it peaked at over 109.5 points on January 2.
However, after reports emerged yesterday that Trump's tariff policies might become relatively relaxed, the dollar index also fell, reaching 108.364 points at the time of writing.
U.S. stocks stimulated, chip stocks surge.
The U.S. stock market may be stimulated by this, along with a surge in chip stocks (NVIDIA closed up 3.43% at $149.43, setting a new high, and TSMC ADR also surged 5.46%, setting a new historical closing high), with the four major U.S. stock indices performing as follows after the opening on Monday:
The Dow Jones Industrial Average fell 25.57 points, or 0.06%, closing at 42,706.56 points.
The S&P 500 index rose 32.91 points, or 0.55%, closing at 5,975.38 points.
The Nasdaq index rose 243.30 points, or 1.24%, closing at 19,864.98 points.
The Philadelphia Semiconductor Index rose 146.50 points, or 2.84%, closing at 5,310.14 points.
Bitcoin breaks through $102,000.
In the cryptocurrency sector, Bitcoin also surged as the U.S. stock market opened, quickly breaking through the $100,000 mark after 10:30 PM last night, peaking earlier at $102,750. At the time of writing, it has pulled back to $101,891, with a nearly 24-hour increase of 3.88%.
