特朗普在多个国家宣布了高高的报复性关税

在4月2日的新闻发布会上，特朗普签署了一项行政命令

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（美国时代），加密货币市场受到了动摇，因为美国总统唐纳德·特朗普宣布对所有国家的全面关税，并进一步升级了贸易战。

Trump Announced A Sky-high Retaliatory Tariff in Multiple Countries

特朗普在多个国家宣布了高高的报复性关税

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日的新闻发布会上，特朗普签署了一项行政命令，对全球许多国家征收互惠关税，旨在恢复他所说的美国“公平贸易平衡”。

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.

关税的目标是广泛的商品，价格因国家和产品而异。美国将对进入该国的所有商品征收标准的10％进口关税，并对某些特定案件适用其他报复性关税。标准关税将于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.

更令人担忧的是新的报复率，被描述为“前所未有的”，并且非常高。例如，中国的关税将为34％，柬埔寨为49％，越南为46％，欧盟为20％，日本为24％，印度为26％。这些报复性关税将于4月9日开始。

Source: White House

资料来源：白宫

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.

特朗普将这些速度描述为“基本和人道”的起点，强调他将来可以根据美国贸易关系状况进行调整。

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.

这些关税的经济影响预计将是重大的。在美国，较高的进口成本可能会促进通货膨胀和增长缓慢，可能导致停滞。在全球范围内，供应连锁店可能会受到干扰，减少贸易量并加剧了经济紧张局势。税收基金会估计，在外国报复之前，特朗普的关税可能会使美国GDP降低0.4％，耗资358,000个工作岗位。世贸组织警告说，这种保护主义可以进一步缩小全球GDP并加深不确定性。

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.

批评家认为，美国的方法是有缺陷的 - 对贸易赤字而不是实际的贸易障碍提出了关税，包括全球贸易动态，并可能损害国际竞争力。

Harsh Reactions From Countries, Global Trade War Escalates

来自国家的严厉反应，全球贸易战升级

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.

分析师深切关注的是，特朗普的行动将引发一场新的全球贸易战争，因为中国或欧盟（EU）等主要经济大国可能会以自己的关税来报复以保护其国内经济体。

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

国际对特朗普关税公告的反应迅速而批评：

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.

尽管有强烈反对，美国财政部长斯科特·贝斯特（Scott Bessent）敦促各国不进行报复，认为关税代表了旨在稳定市场和降低贸易紧张局势的风险的上限。但是，这种请求不太可能阻止主要经济体采取防御措施。

A Heavy Blow to Traditional Financial and Crypto Markets

对传统金融和加密市场的重打打击

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.

消息结束后，黄金价格飙升，超过了3,150美元/盎司，因为投资者涌向避风港资产，以保护其财富，但由于不确定性上升而产生的财富。

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，传统的金融市场和加密货币部门也没有表现出色。 Kobeissi信中报道说，标准普尔500指数损失了超过2万亿美元的市值，苹果，微软，NVIDIA，Amazon，Amazon，Alphabet，Meta和Tesla等主要科技巨头的股票在小时交易中下跌了3％至7％。

Apr 2, 2025

2025年4月2日

• President Trump announced a sweeping new tariff plan.

•特朗普总统宣布了一项全新的关税计划。

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

•美国将对某些国家征收所有进口税率和较高的利率，征收10％的关税。

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

•美国股票期货正在翻滚。 https://t.co/aisjr4zhyz pic.twitter.com/sfiacrnn3e

— Brew Markets (@brewmarkets) April 2, 2025

- 啤酒市场（@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.”

加密货币市场也受到了重大打击。最初，10％关税的消息导致比特币（BTC）略有上升。但是，在完整新闻之后，价格从88,500美元急剧下降到低于83,000美元的$ 83,000。同时，根据Coingecko的数据，以太坊（ETH）下降了6％以上，从1,934美元降至1,797美元。加密货币市值下降了5.3％，至2.7万亿美元。恐惧和贪婪指数达到25，表明“极端恐惧”。

Source: Coingecko

资料来源：Coingecko

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

了解更多：BTC，ETH和XRP在特朗普的讲话后抛弃

Optimistic Long-term View

乐观的长期观点

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，那时比特币的价格部分恢复了。戴维·埃尔南德斯（David Hernandez）（21shares）指出，这种急剧的波动性是可以理解的，但清晰度可以带来长期的利益。尽管关税高于预期，但市场仍然稳定，并且倾向于确定性。

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

当投资者在领先的加密货币中寻求庇护时，比特币（BTC）略有上升，但大多数山寨币都停滞或拒绝。比特币优势指数（BTC.D）仍然很高，表明