朝令夕改！"没人知道特朗普五天后的规定是啥样"

Core Viewpoint - The Trump administration's tariff policy is causing significant confusion and uncertainty in the market, with frequent changes leading to instability for companies and investors [1][3][6]. Group 1: Tariff Policy Changes - The Trump administration initially announced exemptions for certain electronic products from tariffs, but later clarified that these products would still face tariffs under a different category [1][4][5]. - U.S. Commerce Secretary Wilbur Ross indicated that the exemptions are temporary and that specific tariffs on critical products related to national security will be implemented in the coming months [3][6]. - The rapid changes in tariff policy have led to volatility in the stock market, with significant sell-offs in the bond market as well [3][5]. Group 2: Impact on Companies - The tariff exemptions are expected to benefit major tech companies like Apple and Samsung, as over 80% of Apple's products are manufactured in China and fall under the exemption [5][6]. - The uncertainty surrounding tariffs is causing difficulties for companies trying to plan their supply chains, inventory, and demand, leading to a chaotic business environment [7][8]. Group 3: Market Reactions - Analysts and investors are expressing concerns about the unpredictability of the tariff policies, which is affecting their confidence in the U.S. market [6][7]. - Prominent figures in finance, including hedge fund managers, are warning that the current tariff strategy could lead to a loss of confidence among global business leaders and may necessitate a pause in the trade war [7][8].