Jin10 data reported on April 6, "After the announcement of the ‘reciprocal tariffs’, the Dow Jones Industrial Average has fallen by over 3000 points in the last two trading days. ‘Dr. Doom’ Nouriel Roubini stated that Trump is no longer focused on the US stock market, as most stocks are held by 10% of the population. Therefore, stock market adjustments are not important to Trump; he is more concerned about the bond market and the dollar. Regarding Trump’s claim that he will not back down, Roubini said, ‘If he were rational, he would choose to cool down. What he is saying now is that he hopes someone will give him an ‘amazing’ condition; otherwise, he will not back down. But he must say this because if he openly states that he wants to negotiate and cool down, he loses leverage.’ Roubini currently tends to believe that although the market may continue to fluctuate due to uncertainty in the short term, Trump may eventually back down and halve the tariffs, which would keep US economic growth between 1% and 1.5% this year.
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