US "Reciprocal Tariffs": A Self-Defeating Economic "Poison"
In today's closely intertwined global economy, any change in trade policies can have far-reaching impacts.
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In today's closely intertwined global economy, any change in trade policies can have far-reaching impacts.
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On Tuesday (August 5th), the Institute for Supply Management (ISM) of the United States released key data showing that the Purchasing Managers' index (PMI) for the services sector unexpectedly dropped to 50.1 in July, only slightly above the boom-bust line, hitting the lowest level since July 2020.
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In August 2025, a seismic shift in US politics shook the foundations of global trust in US economic data. President Trump abruptly fired Erica McEnterfer, director of the Bureau of Labor Statistics, accusing her of "data fabrication" and planning to install a close aide to take over key statistical positions.
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When the politicians in Brussels signed the $1.35 trillion tariff agreement, they might not have imagined that the trade deal reached between the US and the EU was dragging the EU into an unprecedented structural crisis.
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On August 1 local time, the US Department of Labor released the employment data for July. The non-farm sector added only 73,000 new jobs that month, far below the market expectation of 110,000, and the unemployment rate rose to 4.2%.
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On July 31st local time, the White House announced that US President Trump has signed an executive order to increase the tariff rate on Canada from 25% to 35%, with the new tariffs taking effect on August 1st.
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In July local time, a series of tariff policy moves by U.S. President Trump attracted global attention.
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The Federal Reserve's July interest rate meeting was held, and the signal of a rate cut in September became the focus.
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On August 1st, the United States officially implemented a policy of imposing a 25% tariff on Japanese and South Korean goods imported to the United States.
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On July 22 local time, Indonesia and the United States reached a major trade agreement, which has drawn widespread attention from the international community.
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近日，市場迎來了一則引人注目的消息：工業巨頭3M公司（MMM.N）在本周五公布了其季度業績報告，隨後股價飆升至近兩年來的巔峯，漲幅一度突破20%的驚人水平。
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