On March 28, according to 4E monitoring, Trump announced a 25% tariff on all non-U.S. -made vehicles and warned that if Canada and the European Union jointly responded, they would face more severe tariff retaliation. This tough statement caused market panic. The sentiment is heating up, and concerns about an escalation in the trade war have overshadowed the better-than-expected GDP data. U.S. stocks fell for the second consecutive day. The S & P 500 closed down 0.33%, the Dow fell 0.37%, and the Nasdaq fell 0.53%. The crypto market generally fell. Bitcoin fell below US$86,000 due to the lower opening of U.S. stocks. Later, its decline narrowed as U.S. stocks rebounded, reporting at US$87,216 at deadline, down 0.4% in 24 hours. Other mainstream tokens fell slightly, with Ethereum fluctuating around $2000. The overall market sentiment is sluggish. Before Trump's tariff actions are clear, the market's short-term upside may still be limited. The market is focusing on February PCE inflation data to be released at 20:30 tonight. The market expects PCE inflation to be 2.5% year-on-year, and core PCE may rise to 2.7%. If the data continues to be strong, it may delay market expectations for the timing of interest rate cuts. In addition, as April 2 approaches, the final tone of Trump's "reciprocal tariff" policy has also attracted much attention.