TechFlow news, April 7 — Arthur Hayes, co-founder of BitMEX, posted on X platform stating that market volatility was triggered by Trump's tariff policies, causing a sharp decline in U.S. stocks before market open. Arthur Hayes noted that Trump’s supporters mostly consist of individuals who do not hold substantial financial assets, making him more resolute in implementing tariff measures. Economic advisor Bessent mentioned that about 50% of Americans do not own stocks and are burdened with debt, emphasizing it is now time to support "Main Street" rather than "Wall Street." Market participants hold divergent views on this policy: some express concerns it may lead to corporate layoffs and shrinking consumption, creating negative ripple effects; others show full support. Analysts warn that the long-term impacts of the tariff policies could be severe and require careful assessment of their broad economic consequences.
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