特朗普在多個國家宣布了高高的報復性關稅

在4月2日的新聞發布會上，特朗普簽署了一項行政命令

In the early hours of April 2 (U.S. time), the crypto market was shaken as U.S. President Donald Trump announced comprehensive tariffs on all countries, escalating the trade war further.

在4月2日凌晨（美國時代），加密貨幣市場受到了動搖，因為美國總統唐納德·特朗普宣布對所有國家的全面關稅，並進一步升級了貿易戰。

Trump Announced A Sky-high Retaliatory Tariff in Multiple Countries

特朗普在多個國家宣布了高高的報復性關稅

During a press conference on April 2, Trump signed an executive order imposing reciprocal tariffs on numerous countries worldwide, aiming to restore what he described as a “fair trade balance” for the United States.

在4月2日的新聞發布會上，特朗普簽署了一項行政命令，對全球許多國家徵收互惠關稅，旨在恢復他所說的美國“公平貿易平衡”。

The tariffs target a wide range of goods, with rates varying by country and product. The U.S. will impose a standard 10% import tariff on all goods entering the country, with additional retaliatory tariffs applied to certain specific cases. The standard tariff will take effect on April 5.

關稅的目標是廣泛的商品，價格因國家和產品而異。美國將對進入該國的所有商品徵收標準的10％進口關稅，並對某些特定案件適用其他報復性關稅。標準關稅將於4月5日生效。

More concerning are the new retaliatory rates, described as “unprecedented” and extraordinarily high. For instance, tariffs will be 34% for China, 49% for Cambodia, 46% for Vietnam, 20% for the European Union, 24% for Japan, and 26% for India. These retaliatory tariffs will take place from April 9.

更令人擔憂的是新的報復率，被描述為“前所未有的”，並且非常高。例如，中國的關稅將為34％，柬埔寨為49％，越南為46％，歐盟為20％，日本為24％，印度為26％。這些報復性關稅將於4月9日開始。

Source: White House

資料來源：白宮

Trump described these rates as a “basic and humane” starting point, emphasizing that he can make adjustments in the future depending on the state of U.S. trade relations.

特朗普將這些速度描述為“基本和人道”的起點，強調他將來可以根據美國貿易關係狀況進行調整。

The economic impact of these tariffs is expected to be significant. In the U.S., higher import costs could fuel inflation and slow growth, potentially leading to stagflation. Globally, supply chains may be disrupted, trade volumes reduced, and economic tensions heightened. The Tax Foundation estimates Trump’s tariffs could cut U.S. GDP by 0.4% and cost 358,000 jobs, even before foreign retaliation. The WTO warns such protectionism could further shrink global GDP and deepen uncertainty.

這些關稅的經濟影響預計將是重大的。在美國，較高的進口成本可能會促進通貨膨脹和增長緩慢，可能導致停滯。在全球範圍內，供應連鎖店可能會受到干擾，減少貿易量並加劇了經濟緊張局勢。稅收基金會估計，在外國報復之前，特朗普的關稅可能會使美國GDP降低0.4％，耗資358,000個工作崗位。世貿組織警告說，這種保護主義可以進一步縮小全球GDP並加深不確定性。

Critics argue that the U.S. approach is flawed—basing tariffs on trade deficits rather than actual trade barriers—misrepresents global trade dynamics and could harm international competitiveness.

批評家認為，美國的方法是有缺陷的 - 對貿易赤字而不是實際的貿易障礙提出了關稅，包括全球貿易動態，並可能損害國際競爭力。

Harsh Reactions From Countries, Global Trade War Escalates

來自國家的嚴厲反應，全球貿易戰升級

Analysts are deeply concerned that Trump’s actions will ignite a new global trade war as major economic powers, like China or the European Union (EU), are likely to retaliate with their own tariffs to protect their domestic economies.

分析師深切關注的是，特朗普的行動將引發一場新的全球貿易戰爭，因為中國或歐盟（EU）等主要經濟大國可能會以自己的關稅來報復以保護其國內經濟體。

The international response to Trump’s tariff announcement has been swift and critical:

國際對特朗普關稅公告的反應迅速而批評：

Despite the backlash, U.S. Treasury Secretary Scott Bessent urged countries not to retaliate, arguing that the tariffs represent a ceiling designed to stabilize markets and reduce the risk of escalating trade tensions. However, this plea is unlikely to deter major economies from taking defensive measures.

儘管有強烈反對，美國財政部長斯科特·貝斯特（Scott Bessent）敦促各國不進行報復，認為關稅代表了旨在穩定市場和降低貿易緊張局勢的風險的上限。但是，這種請求不太可能阻止主要經濟體採取防禦措施。

A Heavy Blow to Traditional Financial and Crypto Markets

對傳統金融和加密市場的重打打擊

After the news, gold prices surged, surpassing $3,150/oz, as investors flocked to the safe-haven asset to protect their wealth amid rising uncertainty.

消息結束後，黃金價格飆升，超過了3,150美元/盎司，因為投資者湧向避風港資產，以保護其財富，但由於不確定性上升而產生的財富。

However, traditional financial markets and the cryptocurrency sector have not fared as well. The Kobeissi Letter reported that the S&P 500 lost over $2 trillion in market capitalization, with shares of major tech giants like Apple, Microsoft, NVIDIA, Amazon, Alphabet, Meta, and Tesla dropping between 3% and 7% in after-hours trading.

但是，傳統的金融市場和加密貨幣部門也沒有表現出色。 Kobeissi信中報導說，標準普爾500指數損失了超過2萬億美元的市值，蘋果，微軟，NVIDIA，Amazon，Amazon，Alphabet，Meta和Tesla等主要科技巨頭的股票在小時交易中下跌了3％至7％。

Apr 2, 2025

2025年4月2日

• President Trump announced a sweeping new tariff plan.

•特朗普總統宣布了一項全新的關稅計劃。

• The U.S. will impose a 10% tariff on all imports and higher rates for some nations.

•美國將對某些國家徵收所有進口稅率和較高的利率，徵收10％的關稅。

• U.S. stock futures are tumbling. https://t.co/aISjr4ZHyz pic.twitter.com/sfIacrNN3E

•美國股票期貨正在翻滾。 https://t.co/aisjr4zhyz pic.twitter.com/sfiacrnn3e

— Brew Markets (@brewmarkets) April 2, 2025

- 啤酒市場（@Brewmarkets）2025年4月2日

The crypto market has also been hit hard. Initially, news of the 10% tariff caused Bitcoin (BTC) to rise slightly. However, the price plunged sharply from $88,500 to below $83,000 right after the full news. Meanwhile, Ethereum (ETH) dropped over 6%, falling from $1,934 to $1,797, according to CoinGecko. The total crypto market capitalization declined by 5.3% to $2.7 trillion. The Fear & Greed Index hit 25, indicating “extreme fear.”

加密貨幣市場也受到了重大打擊。最初，10％關稅的消息導致比特幣（BTC）略有上升。但是，在完整新聞之後，價格從88,500美元急劇下降到低於83,000美元的$ 83,000。同時，根據Coingecko的數據，以太坊（ETH）下降了6％以上，從1,934美元降至1,797美元。加密貨幣市值下降了5.3％，至2.7萬億美元。恐懼和貪婪指數達到25，表明“極端恐懼”。

Source: Coingecko

資料來源：Coingecko

Learn more: BTC, ETH and XRP Dumped After Trump’s Speech

了解更多：BTC，ETH和XRP在特朗普的講話後拋棄

Optimistic Long-term View

樂觀的長期觀點

However, Bitcoin’s price had partially recovered then. David Hernandez (21Shares) noted that such sharp volatility is understandable, but clarity can offer long-term benefits. Although the tariffs are higher than expected, the market remains stable and tends to favor certainty.

但是，那時比特幣的價格部分恢復了。戴維·埃爾南德斯（David Hernandez）（21shares）指出，這種急劇的波動性是可以理解的，但清晰度可以帶來長期的利益。儘管關稅高於預期，但市場仍然穩定，並且傾向於確定性。

While Bitcoin (BTC) saw a slight uptick as investors sought refuge in the leading cryptocurrency, most altcoins either stagnated or declined. The Bitcoin dominance index (BTC.D) remains high, indicating that

當投資者在領先的加密貨幣中尋求庇護時，比特幣（BTC）略有上升，但大多數山寨幣都停滯或拒絕。比特幣優勢指數（BTC.D）仍然很高，表明