比特幣（BTC）正在塑造全球貿易政策中的關鍵時刻。美國總統唐納德·特朗普（Donald Trump）稱其為“解放日”

4月2日，正在成為全球貿易政策中的關鍵時刻。美國總統唐納德·特朗普（Donald Trump）將其稱為“解放日”，指的是何時新的關稅（超過20％）將襲擊25個國家的進口。

April 2 is shaping up to be a pivotal moment in global trade policy.

4月2日，正在成為全球貿易政策中的關鍵時刻。

After months of deliberation, the Biden administration is set to impose new tariffs on imports from over 25 countries, with rates exceeding 20% for the first time in decades. The tariffs will hit a range of products, including metals, chemicals, and machinery.

經過幾個月的審議，拜登政府將對25個國家的進口徵收新的關稅，數十年來首次超過20％。關稅將達到一系列產品，包括金屬，化學品和機械。

The administration is also considering "broader and higher tariffs" beyond this initial wave, which could have a significant impact on the global economy.

政府還正在考慮以外的最初浪潮“更廣泛，更高的關稅”，這可能會對全球經濟產生重大影響。

The tariffs are part of the administration's effort to reduce the US trade deficit and protect American jobs. However, the tariffs have been met with criticism from businesses, who say they will lead to higher prices for consumers.

關稅是政府為減少美國貿易赤字和保護美國工作的努力的一部分。但是，關稅已受到企業的批評，他們說他們將為消費者帶來更高的價格。

"We're going to have a Liberation Day on April 2nd," President Trump said at a rally in March. "We're going to be making some changes to the trade policy of this administration, and we're going to be putting tariffs on many countries who have been cheating our country for far too long."

特朗普總統在三月份的一次集會上說：“我們將在4月2日舉行解放日。” “我們將對本屆政府的貿易政策進行一些更改，我們將向許多欺騙我們國家欺騙太久的國家徵收關稅。”

The tariffs are set to take effect at 12:01 am on April 2. After that, any goods entering the US will be subject to the new tariffs, regardless of when they were shipped.

關稅定於4月2日上午12:01生效。此後，無論何時發貨，進入美國的任何商品都將受到新的關稅。

The tariffs will be applied to goods from countries including China, Canada, Mexico, and the European Union. The tariffs will vary depending on the type of good and the country of origin.

關稅將適用於來自中國，加拿大，墨西哥和歐盟等國家的商品。關稅將根據良好和原籍國的類型而有所不同。

For example, tariffs on steel will be 25%, while tariffs on aluminum will be 10%. Tariffs on chemicals will be 15%, and tariffs on machinery will be 20%.

例如，鋼的關稅將為25％，而鋁的關稅將為10％。化學藥品的關稅將為15％，機器的關稅將為20％。

The tariffs are expected to have a significant impact on the US economy. They are likely to lead to higher prices for consumers and businesses, and they could also damage the US manufacturing sector.

預計關稅將對美國經濟產生重大影響。他們可能會導致消費者和企業的價格更高，並且也可能損害美國製造業。

The tariffs are also likely to have an impact on the US stock market. The S&P 500 index has already dropped by about 10% since the beginning of the year, and the Nasdaq 100 index has dropped by about 15%.

關稅也可能會對美國股市產生影響。自今年年初以來，標準普爾500指數已經下降了約10％，納斯達克100指數下降了約15％。

Investors will be watching closely to see how the new tariffs affect the market.

投資者將密切關注，以了解新的關稅如何影響市場。

At the same time, gold prices hit a record high on Monday, as a pessimistic market mood and a pessimistic outlook from the World Bank pushed investors further into safe-haven assets.

同時，由於悲觀的市場情緒和世界銀行的悲觀前景，黃金價格在周一創下了創紀錄的幅度，這使投資者進一步推向了避風港資產。

In a risk-off trade, the S&P 500 eked out a 0.04% gain to close at 4,091.64, while the Nasdaq 100 fell 0.5% to 13,030.88. Both indexes had dropped about 3% last week, the broadest measure of US equities.

在冒險交易中，標準普爾500指數的收益為4,091.64，而納斯達克股票100下降了0.5％，至13,030.88。上週，這兩個指數都下降了約3％，這是美國股票的最廣泛衡量標準。

The Dow Jones Industrial Average rose 193.48 points, or 0.7%, to 33,970.16, as economically sensitive bank stocks rebounded.

道瓊斯工業平均水平上漲了193.48點，或0.7％，達到33,970.16，因為經濟敏感的銀行股票反彈。

The yield on the 10-year Treasury fell to 4.2%, while the Consumer Price Index for March, due on Tuesday, is expected to show some uptick in some of the core components of inflation.

10年期財政部的收益率下降到4.2％，而3月份到期的消費者價格指數預計將顯示出通貨膨脹的一些核心組成部分。

"The market's reaction is a classic sign of a risk-off environment, one that often precedes economic contraction," said economists at Credit Suisse in a note.

瑞士信貸經濟學家在一份票據中說：“市場的反應是風險環境的經典跡象，通常是經濟收縮之前的反應。”

Bitcoin dropped 6% in the past 24 hours to $69,162.9 by 07:18 ET (11:18 GMT). The world’s largest cryptocurrency has dropped about 40% from a record high of $110,000 hit in November 2021.

在過去的24小時內，比特幣下降了6％至$ 69,162.9，乘07:18 ET（GMT 11:18）。全球最大的加密貨幣從2021年11月的110,000美元命中率上升了約40％。

While Bitcoin is known for its volatility, a 6% drop is relatively modest for the cryptocurrency, which can swing wildly in both directions. Still, this does not make it a reliable hedge just yet, although its growing role as a reserve asset suggests this could shift over time.

儘管比特幣以其波動率而聞名，但對於加密貨幣而言，下降6％的下降相對較小，這可能會在兩個方向上瘋狂地擺動。儘管如此，儘管它作為儲備資產的越來越多地表明，這可能會隨著時間的流逝而變化，但這並沒有使其成為可靠的樹籬。

In periods of macroeconomic and geopolitical instability, investors typically seek yield-bearing and historically stable assets. Both US government bonds’ decreasing yield and gold prices’ increase signal an increasing demand for these types of assets.

在宏觀經濟和地緣政治不穩定時期，投資者通常尋求承重和歷史穩定的資產。美國政府債券的降低收益率和黃金價格的提高都表示對這些類型的資產的需求增加。

Gold futures rose 1.8% to $3,153.80 per ounce, reaching a new all-time high on Monday. The precious metal is now up about 17% year-to-date.

黃金期貨每盎司上漲1.8％，至3,153.80美元，在周一達到了新的歷史最高點。現在，貴金屬逐年增長約17％。

According to Bloomberg, gold funds have attracted more than $12 billion in net inflows over the past two months, marking the largest surge of capital into the asset since 2020.

據彭博社稱，在過去的兩個月中，黃金基金吸引了超過120億美元的淨流入，這標誌著自2020年以來資產的最大資本浪費。

Since the beginning of the year, gold prices have been up nearly +17%, while the S&P 500 has been down -5%. This shows a precarious state of the economy, further confirmed by a sharp drop in the US consumer sentiment.

自今年年初以來，黃金價格上漲了近17％，而標準普爾500指數下跌了-5％。這表明了經濟狀況不穩定，這進一步證實了美國消費者情緒的急劇下降。

The University of Michigan's preliminary reading for April showed that the consumer sentiment index

密歇根大學4月的初步閱讀表明，消費者情感指數