On March 14, Trump threatened to impose a 200% tariff on EU alcohol products and made a tough statement that he would not "compromise" on tariffs on Canada. He insisted on implementing the tariff plan on April 2, causing market shocks. According to 4E monitoring, U.S. stocks collectively fell sharply on Thursday. The S & P 500 index closed down 1.39%, the Dow fell 1.30% and recorded four consecutive negatives. The general decline of technology giants dragged down the Nasdaq index by 1.96%. After a brief recovery, the crypto market fell again last night, dragged down by U.S. stocks. Bitcoin once fell below the US$80,000 mark. U.S. stocks rebounded only after the close. As of press time, it fell 2.6% in 24 hours. The collapse of copycats, the chain was bleak, and the market continued to be sluggish, and the market's interest in contract trading increased. Wednesday's CPI and Thursday's PPI together suggest that inflationary pressures are easing in the United States, but markets generally believe that this is not enough to bring about a significant rebound. Trump's trade policy remains a key factor in suppressing investor sentiment and has also cast doubt on the Federal Reserve's future interest rate path. The market still maintains expectations of three interest rate cuts this year.