On April 2, 2025, US President Donald Trump unveiled his reciprocal tariff policy, sparking a global stock market rout. Taiwan’s stock market, reopening after the Qingming holiday, could not escape the ripple effects, experiencing its steepest one-day decline in recent years. The Taiwan Stock Exchange fell by 2,086.2 points, equating to a 9.8% drop, as investor confidence was shaken by heightened trade tensions.