特朗普“对等关税”政策余波影响：全球市场大跌下的原因分析与影响解读

Group 1: Market Impact of Tariff Policies - Trump's tariff policy exceeded market expectations, leading to a significant drop in global markets, with the US stock market falling nearly 8% and the Hong Kong market dropping over 10%[1] - The immediate impact of tariffs caused a sharp decline in investor risk appetite, resulting in accelerated capital outflows from both domestic and foreign investors[1] - The long-term effects of the tariffs are expected to disrupt the global supply chain established over the past 40 years, significantly impacting multinational corporations and their profitability[1] Group 2: China's Response and Policy Measures - China quickly retaliated with a 34% tariff on US imports, demonstrating preparedness against US protectionist measures[4] - The Chinese government has reserved substantial fiscal tools, including an additional 1.2 trillion yuan in special bonds, to support the economy amid external uncertainties[4] - Monetary policy adjustments, including potential interest rate cuts and reserve requirement ratio reductions, are being considered to stabilize the economy[4] Group 3: Investment Outlook - The current position of the A-share market is relatively low, suggesting limited downside risk and potential opportunities for investors[3] - The Chinese government is committed to stabilizing the stock market, with measures such as increasing ETF purchases to mitigate negative impacts from tariffs[3] - Investors are encouraged to maintain confidence and strategically allocate assets to capitalize on market bottom opportunities amid ongoing volatility[5]