正确（4月3日，11：30 UTC）：纠正标题，说比特币在宣布后倒下

从4月5日开始，所有美国贸易合作伙伴将面临至少10％的进口关税，而较高，特定国家的关税启动

U.S. import tariffs are starting April 5, with all trading partners facing a minimum of a 10% tariff.

美国进口关税将于4月5日开始，所有贸易伙伴都面临至少10％的关税。

Those rates will escalate to a 20% minimum for about 60 countries, beginning April 9. The administration is also applying higher, country-specific tariffs.

从4月9日开始，大约60个国家的这些费率将升级到最低20％。政府还申请了更高的特定国家 /地区的关税。

President Donald Trump introduced the tariffs based on perceived trade imbalances and non-tariff barriers, saying the goal is to encourage reshoring of production, generate revenue to help fund tax cuts and level the playing field for U.S. manufacturers.

唐纳德·特朗普（Donald Trump）总统根据感知到的贸易失衡和非关税障碍提出了关税，称目标是鼓励重新培养生产，产生收入以帮助减税并为美国制造商提供竞争环境。

Among the most affected countries is China, which faces a new 34% tariff on top the existing levy, bringing its total to 54%. Many other Asian economies have also been hit hard, while the European Union faces a 20% tariff.

受影响最大的国家之一是中国，该国家面临现有税的最高34％的34％关税，其总计达到54％。许多其他亚洲经济体也受到了重大打击，而欧盟面临20％的关税。

There’s been growing interest in how the U.S. determined the tariff rates, which the administration called reciprocal. One user on X claims to have cracked the formula: Take a country’s trade deficit with the U.S. and divide it by that country’s exports to the U.S.

对美国如何确定关税率的兴趣越来越大，政府称之为倒数。 X上的一位用户声称已经破解了该公式：将一个国家与美国的贸易赤字划分，并将其除以该国向美国的出口

For example, Vietnam exports $136.6 billion to the U.S. and imports just $13.1 billion, resulting in a $123.5 billion trade deficit. When you divide the deficit by exports, you get about 90%, which aligns with the implied reciprocal tariff rate the U.S. has applied.

例如，越南向美国出口了1366亿美元，仅进口131亿美元，导致了1.235亿美元的贸易赤字。当您将赤字除外时，您将获得约90％的赤字，这与美国已应用的隐含相互关税率保持一致。

Global stocks are under pressure, with the Nikkei 225 losing 2.8% after dropping as much as 4.6% and the FTSE 100 losing more than 1%. Nasdaq futures are down over 3.5%. Vietnam led losses in Asia, falling 5.5% in its worst single-day drop for over four years.

全球股票处于压力下，尼克基225下降了4.6％，而富时100下降后损失2.8％，损失超过1％。纳斯达克期货下降了3.5％。越南在亚洲带来了损失，在四年内最糟糕的单日下降了5.5％。

The dollar weakened too, with the yen rallying to 147 against the U.S. currency and the pound to 1.31. The dollar index (DXY) fell to 102.5. Bitcoin (BTC) fell slightly after remaining firm above $83,000 and staying above a key technical level at $82,000.

美元也削弱了，日元集会升至147，兑美国货币为1.31英镑。美元指数（DXY）跌至102.5。比特币（BTC）保持在83,000美元以上，并以82,000美元的价格保持在关键技术水平上方，略有下降。

The all-important U.S. 10-year Treasury yield is closely watched by the administration, as it’s seen as helping to determine interest rates in the world’s largest economy. The yield, which slid to its lowest point since October, is now just above 4%.

美国政府密切关注了最重要的美国10年财政收益率，因为它被认为有助于确定世界上最大经济体的利率。自10月以来的最低点的收益率现在刚刚超过4％。

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By Shaurya Malwa

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Source: Farside Investors

资料来源：Farside Investors

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