U.S. President Donald Trump’s implementation of the reciprocal tariff policy in early April triggered a global stock market crash, with Taiwan’s stock market plunging over 2,000 points, resulting in turmoil across markets worldwide. Hsieh Jin-Ho, chairman of the Financial Media Group, expressed in the online program "Old Hsieh Speaks" that the soaring gold prices have significantly harmed Trump, leading U.S. Treasury Secretary Mnuchin to urge a halt to the policy on two occasions.

Currently, the U.S. dollar index has dropped to a low of 97.879, and overall, the weakness of the dollar is not advantageous for the U.S. Hsieh pointed out that the primary pressures Trump faces actually stem from the U.S. stock and exchange markets. He noted that due to Trump’s tariff decisions, the U.S. 10-year Treasury yield decreased from a peak of 4.559% to 4.169%, while the 30-year Treasury yield fell from 5.002% to 4.696%, indicating a gradual easing of financial pressures.

As the bond market fell, gold prices surged close to $3,500, reflecting a shift in investor funds from U.S. bonds to gold for safety, thus significantly increasing gold prices. Hsieh further mentioned that Trump is currently facing the lowest approval ratings for a president 100 days into their term in 70 years, with Trump 1.0 at 41% and Trump 2.0 at 44%, both at relatively low levels, creating significant pressure on Trump.

Hsieh detailed that major polling firms indicate Trump's approval ratings range between 39% to 45%, suggesting that Trump’s sweeping tax policy has led to public dissatisfaction, as more than 30% of Americans’ wealth is tied to the stock market, instilling fear among the populace regarding falling stock prices. He emphasized that Trump originally hoped to bring funding back to the U.S. with the aggressive tariff strategy, but the approach has instead led to the "cutting off" of the three pillars of the dollar, the stock market, and Treasury bonds, resulting in the surge in gold prices.