Trump, the elected president of the United States, had already promised multiple measures to the American people before winning the election last November, including implementing a comprehensive tariff policy to impose tariffs of up to 10% or 20% on all goods imported into the United States 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 from the Washington Post late yesterday (6th), 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 further pointed out that the tariffs currently discussed by Trump's team are not aimed at all goods, focusing instead on those considered critical to U.S. national economic security, such as defense industrial supply chains, key medical supplies, and raw materials for energy production.
Trump responds: There will be no reduction in tariffs.
However, in response to the Washington Post's report, Trump later stated on his social platform Truth Social that the report is not true, and his tariff policy will 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, Trump's transition team spokesperson Brian Hughes stated:
Trump has 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 falling.
We know that since last October, the dollar has continued to rise due to the uncertainty brought about by Trump's potential tariff policies and the Federal Reserve's (Fed) reduced expectations for interest rate cuts this year, peaking at over 109.5 points on January 2.
However, after reports yesterday that Trump's tariff policies might become relatively lenient, the dollar index also fell, currently at 108.364 points as of the time of writing.
U.S. stocks boosted, chip stocks surged.
The U.S. stock market may be encouraged by this, coupled with a surge in chip stocks (NVIDIA closed up 3.43%, at $149.43, hitting a new high, and TSMC's ADR also surged 5.46%, reaching a historical closing high), welcoming an upward trend after the market opened on Monday. The four major indices of the U.S. stock market are:
The Dow Jones Industrial Average fell by 25.57 points, or 0.06%, closing at 42,706.56 points.
The S&P 500 index rose by 32.91 points, or 0.55%, closing at 5,975.38 points.
The Nasdaq index rose by 243.30 points, or 1.24%, closing at 19,864.98 points.
The Philadelphia Semiconductor Index rose by 146.50 points, or 2.84%, closing at 5,310.14 points.
Bitcoin surpassed $102,000.
On the cryptocurrency front, Bitcoin also surged in tandem with the U.S. stock market opening, quickly breaking the $100,000 mark after 22:30 last night, reaching a high of $102,750 earlier. As of the time of writing, it has fallen back to $101,891, with a nearly 24-hour increase of 3.88%.
