Reference News Network reported on April 6 that according to a report from Singapore's Lianhe Zaobao website on April 6, US President Trump's reciprocal tariff measures triggered global stock market fluctuations, but he still remained resolute, insisting that tariffs would bring historic investments and prosperity to the United States, and called out to the American people with confidence, "We must persevere even though it is not easy."

Agence France-Presse reported that Trump's first round of policies imposing a minimum base tariff of 10% on more than 100 trading partners officially came into effect on May 5th, far exceeding expectations for the so-called "reciprocal tariffs," which sparked strong backlash domestically and internationally. Wall Street stocks fell sharply for two consecutive days, wiping out over 5 trillion US dollars in market value.

Trump admitted on May 5th that the tariffs caused global fluctuations, but urged Americans to remain patient.

Trump wrote on the social media platform Truth Social: "In the past, we were foolish dupes, but no longer. We are revitalizing jobs and businesses in unprecedented ways."

He said: "This is an economic revolution, and we will definitely win. We must persevere even though it is not easy, and the end result will be historic."

The unilateral 10% minimum base tariff imposed by the United States on all imports from multiple countries took effect at 12:01 AM on May 5th. The first affected countries include Australia, the UK, Saudi Arabia, and Singapore, among others. However, the announcement issued by the U.S. Customs and Border Protection showed that goods shipped or boarded before 12:01 AM Eastern Time on May 5th will have a grace period of 51 days. As long as these goods arrive in the United States before 12:01 AM Eastern Time on May 27th, they can be exempted from the 10% tariff.

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