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作者 TyuzuChou (潤潤潤)
標題 [新聞] 川普威脅提高關稅 美股創下自4月以來最慘
時間 Sat Oct 11 08:34:40 2025

原文標題：
Wall Street drops to its worst day since April after Trump's threats of
tariffs shatter its calm
原文連結：https://tinyurl.com/yrtu8rzf
Wall Street drops to its worst day since April after Trump's threats of tariffs shatter its calm A monthslong calm on Wall Street shattered Friday, and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs much higher on Chi ...

 
發布時間：Updated Sat, October 11, 2025 at 4:16 AM GMT+8
記者署名：STAN CHOE
原文內容：

NEW YORK (AP) — A monthslong calm on Wall Street shattered Friday, and U.S.
stocks tumbled after President Donald Trump threatened to crank tariffs much
higher on China.
紐約 (美聯社) — 華爾街持續數月的平靜在周五被打破，此前總統唐納德· 川普威脅將
大幅提高對中國的關稅，導致美國股市暴跌。

The S&P 500 sank 2.7% in its worst day since April. The Dow Jones Industrial
Average dropped 878 points, or 1.9%, and the Nasdaq composite fell 3.6%.
標準普爾 500 指數下跌 2.7%，創下自 4 月以來表現最差的一天。道瓊斯工業平均指數
下跌 878 點，跌幅 1.9%，納斯達克綜合指數下跌 3.6%。

Stocks had been heading for a slight gain in the morning, until Trump took to
his social media platform and said he’s considering “a massive increase of
tariffs” on Chinese imports. He’s upset at restrictions China has placed on
exports of its rare earths, which are materials that are critical for the
manufacturing of everything from consumer electronics to jet engines.
股市在上午原本略微上漲，直到川普在他的社交媒體平台上表示，他正在考慮對中國進口
商品「大幅提高關稅」。他對中國限制其稀土出口感到不滿，稀土是製造從消費電子產品
到噴氣發動機等一切產品的關鍵材料。


“We have been contacted by other Countries who are extremely angry at this
great Trade hostility, which came out of nowhere,” Trump wrote on Truth
Social. He also said “now there seems to be no reason” to meet with China’s
 leader, Xi Jinping, after earlier agreeing to do so as part of an upcoming
trip to South Korea.
川普在 Truth Social 上寫道：「我們已經收到其他國家的聯繫，他們對這種突如其來的
巨大貿易敵意感到極度憤怒。」他還表示，此前他同意在即將對韓國進行的訪問中與中國
領導人習近平會面，但現在「似乎沒有理由」再進行會面。


The ratchet higher in tensions between the world’s largest economies led to
widespread drops across Wall Street, with roughly six out of every seven
stocks within the S&P 500 falling. Nearly everything weakened, from Big Tech
companies like Nvidia and Apple to stocks of smaller companies looking to get
past uncertainty about tariffs and trade.
這兩個全球最大經濟體之間緊張局勢的升級，導致華爾街出現大範圍下跌，標準普爾 500
 指數中約七分之六的股票下跌。幾乎所有股票都走弱，從輝達（Nvidia）和蘋果（
Apple）等大型科技公司，到希望擺脫關稅和貿易不確定性的小公司股票。

The market may have been primed for a slide. U.S. stocks were already facing
criticism that their prices had shot too high following the S&P 500’s nearly
relentless 35% run from a low in April. The index, which dictates the
movements for many 401(k) accounts, is still near its all-time high set
earlier in the week.
市場可能已經為下滑做好了準備。美國股市此前已經面臨批評，認為標準普爾 500 指數
自 4 月低點以來近乎不懈的 35% 上漲之後，其價格已飆升得太高。這個決定許多 401(k
) 賬戶走勢的指數，仍接近本週早些時候創下的歷史高點。


Critics say the market looks too expensive after prices rose much faster than
corporate profits. Worries are particularly high about companies in the
artificial-intelligence industry, where pessimists see echoes of the 2000 dot-
com bubble that imploded. For stocks to look less expensive, either their
prices need to fall, or companies’ profits need to rise.
批評人士表示，在股價上漲速度遠超企業利潤之後，市場看起來過於昂貴。人們對人工智
慧行業的公司尤其擔憂，悲觀主義者在其中看到了 2000 年互聯網泡沫破裂的影子。要讓
股票看起來不那麼貴，要麼股價需要下跌，要麼公司的利潤需要上升。


Levi Strauss dropped 12.6% for one of the market’s larger losses, even though
 it reported a stronger profit for the latest quarter than analysts expected.
儘管李維斯（Levi Strauss）報告的最新季度利潤好於分析師預期，但其股價仍下跌了
12.6%，成為市場上跌幅較大的股票之一。

Its forecast for profit over the full year was also within range of Wall
Street’s estimates, but the jeans and clothing company could simply be facing
 the challenge of heightened expectations after a big run. Its stock price
came into the day with a surge of nearly 42% for the year so far.
該公司對全年利潤的預測也在華爾街的估計範圍內，但這家牛仔褲和服裝公司可能只是面
臨著大幅上漲後預期提高的挑戰。其股價今年迄今已飆升近 42%。

All told, the S&P 500 fell 182.60 points to 6,552.51. The Dow Jones Industrial
 Average dropped 878.82 to 45,479.60, and the Nasdaq composite sank 820.20 to
22,204.43.
總而言之，標準普爾 500 指數下跌 182.60 點，收於 6,552.51 點。道瓊斯工業平均指
數下跌 878.82 點，收於 45,479.60 點，納斯達克綜合指數下跌 820.20 點，收於 22,
204.43 點。

Some of Friday’s strongest action was in the oil market, where the price of a
 barrel of benchmark U.S. crude sank 4.2% to $58.90.
週五最劇烈的變動之一發生在石油市場，基準美國原油價格每桶下跌 4.2%，至 58.90 美
元。

It fell as a ceasefire between Israel and Hamas came into effect in Gaza. An
end to the war could remove worries about disruptions to oil supplies, which
had kept crude’s price higher than it otherwise would have been.
隨著以色列和哈馬斯在加沙的停火生效，油價下跌。戰爭的結束可以消除人們對石油供應
中斷的擔憂，這些擔憂此前使原油價格高於其應有的水平。

Losses accelerated following Trump’s tariff threat, which could gum up global
 trade and lead the economy to burn less fuel. Brent crude, the international
standard, dropped 3.8% to $62.73 per barrel.
在川普的關稅威脅之後，跌幅有所加速，因為這可能會阻礙全球貿易並導致經濟消耗更少
的燃料。國際基準布倫特原油價格下跌 3.8%，至每桶 62.73 美元。

In the bond market, the yield on the 10-year Treasury sank to 4.05% from 4.14%
 late Thursday.
在債券市場，10 年期美國國債收益率從周四晚些時候的 4.14% 跌至 4.05%。

It had already been lower before Trump made his threats, as a report from the
University of Michigan suggested that sentiment among U.S. consumers remains
in the doldrums.
即使在川普發出威脅之前，收益率就已經走低，因為密歇根大學的一份報告顯示，美國消
費者的信心仍然低迷。

“Pocketbook issues like high prices and weakening job prospects remain at the
 forefront of consumers’ minds,” according to Joanne Hsu, director of the
Surveys of Consumers. “At this time, consumers do not expect meaningful
improvement in these factors.”
根據消費者調查主任 Joanne Hsu 的說法，「高物價和就業前景疲軟等錢包問題仍然是消
費者最關心的。目前，消費者並不期望這些因素會出現有意義的改善。」

The job market has slowed so much that the Federal Reserve cut its main
interest rate last month for the first time this year. Fed officials have
penciled in more cuts through next year to give the economy additional
breathing room. But Chair Jerome Powell has also said they may change course
if inflation stays high. That’s because lower interest rates can push
inflation even higher.
就業市場放緩如此之多，以至於聯準會上個月進行了今年以來的首次主要利率下調。聯準
會官員已計劃明年進行更多次降息，為經濟提供額外的喘息空間。但主席傑羅姆· 鮑威爾
（Jerome Powell）也表示，如果通脹居高不下，他們可能會改變路線。這是因為較低的
利率可能會進一步推高通脹。


One potentially encouraging signal from the University of Michigan’s
preliminary survey said consumers’ expectations for inflation in the coming
year edged down to 4.6% from 4.7% the month before. While that’s still high,
the direction of change could help the Fed and limit upward pressure on
inflation.
密歇根大學的初步調查傳遞出一個潛在的鼓舞人心的信號：消費者對未來一年通脹的預期
從上個月的 4.7% 略微下降到 4.6%。雖然這個數字仍然很高，但變化方向可能會有助於
聯準會，並限制通脹的上行壓力。


In stock markets abroad, indexes fell across much of Europe and Asia.
在國外股市方面，歐洲和亞洲大部分地區的股指均下跌。

Hong Kong’s Hang Seng fell 1.7%, and France’s CAC 40 dropped 1.5% for two of
 the bigger moves. But South Korea’s Kospi leaped 1.7% after trading reopened
 following a holiday.
香港恆生指數下跌 1.7%，法國 CAC 40 指數下跌 1.5%，這是兩個較大的跌幅。但在假期
後恢復交易的韓國 Kospi 指數則上漲了 1.7%。


心得/評論：

川普的關稅威脅，加劇了中美貿易戰的擔憂，衝擊了科技和貿易相關板塊。
市場估值過高的擔憂，特別是人工智慧（AI）領域，讓投資者感到緊張。

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※ 發信站: 批踢踢實業坊(ptt.cc), 來自: 150.117.197.145 (臺灣)
※ 作者: TyuzuChou 2025-10-11 08:34:40
※ 文章代碼(AID): #1ewQOaqo (Stock)
※ 文章網址: https://www.ptt.cc/bbs/Stock/M.1760142884.A.D32.html
→ gn1384181: 明眼人都知道美國輸定了，no card了1F 10/11 08:35
→ BlueBird5566: VIX才21  還不夠恐慌  小修正就是上車2F 10/11 08:35
推 gamewgs: 人家要光刻機 誰鳥你關稅3F 10/11 08:36
→ Leo4891: 其實就是漲太多了 來個利空修正就大4F 10/11 08:37
推 lplpyy: 政府關門+提高關稅，考古題連發5F 10/11 08:38
推 gendigital: 各國的〇〇們竟敢讓川普槓龜和平獎，準備接受川皇的怒火吧！6F 10/11 08:40
推 tengobo: 政府都關門了 川普更沒牌可以打了8F 10/11 08:41
推 allen0981: 川普又要創造買點給大家了
四月錯過的 這次別錯過啊9F 10/11 08:43
推 wawaking1: 回頭載客沒上車的錯過就只能哭了11F 10/11 08:45
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推 thetide0512: 美股稀土股票準備迎來黃金十年13F 10/11 08:50
→ jokem: 小事14F 10/11 08:50
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推 preattyall: 其實都還是很貴16F 10/11 08:55
推 j65p4m3: 四月再來一波17F 10/11 08:56
→ RTX3080TI: 中國最好硬一點稀土管制到川任期結束18F 10/11 08:57
推 fakeMaskRide: 加倉加倉19F 10/11 08:59
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推 vodkalime607: 小道和小娜都跌1千多點了24F 10/11 09:02
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推 berliner01: 原油跌5%破底，主要原因就是經濟衰退來了26F 10/11 09:04
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推 Beantownfan: 哭啊 沒錢加碼了29F 10/11 09:07
→ rooo2012: 政府關門只是內部問題 隨時都能開門30F 10/11 09:08
推 HaireiKei: 小那衝擊季線！31F 10/11 09:09
推 redbeanbread: 看起來限制軟體出國也嚴重32F 10/11 09:23
→ wadekimo: 川楓：我們來，接你了呦！33F 10/11 09:32
→ smallpig02: 定期發作，記得吃藥34F 10/11 09:32
→ TyuzuChou: https://i.imgur.com/oiyZM0G.jpeg35F 10/11 09:32
[圖]
推 zipupup: 川普搞不清自己的立場，是你要跪求見人家但是人家不見你啊，是你不能沒有中國而不是中國不能沒有你啊36F 10/11 09:36
推 ab4daa: 這只是剛開始39F 10/11 09:38
→ nomad888: 2018被維尼弄，2025上任半年又被弄
川這次還要相信中共也是自找的40F 10/11 09:44
推 djbell: 下跌讓你撿便宜，等到漲回去又在後悔當初為什麼不買42F 10/11 09:54
推 guky: 中國與其被美國放血慢慢死，不如趁稀土空窗期，搞死美國43F 10/11 09:59
推 joeshiu: 川普：已先放空，睡飽數錢，賺錢就是這麼簡單45F 10/11 10:31
推 kkmmking: 四月台股直接跌停呢，這根本沒有什麼大事好嗎46F 10/11 11:05
推 tenka92417: 兩次都是美國主動對華發動貿易戰/科技戰，怎麼反過來怪被阿共弄？47F 10/11 11:23

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