On March 14, Trump threatened to impose 200% tariffs on EU alcohol products, and made a tough statement that he would not "compromise" on Canadian tariffs, insisting on implementing the tariff plan on April 2, causing market shock. According to 4E monitoring, U.S. stocks fell collectively on Thursday, with the S&P 500 closing down 1.39%, the Dow Jones Industrial Average fell 1.30%, and the general decline of technology giants dragged down 1.96%. After a brief recovery in the crypto market, it was dragged down by the US stock market and fell again last night. Bitcoin fell below the 80,000 US mark at one point. It only rebounded after the closing. As of press time, it was $81,571, a 24-hour drop of 2.6%. The counterfeit slums collapsed, the chain was bleak, and the market continued to sluggish, and the market's interest in contract trading increased. Wednesday's CPI and Thursday's PPI jointly indicated that the U.S. inflation pressure is eased, but the market generally believes that this is not enough to bring about a significant rebound. Trump's trade policy is still a key factor in suppressing investor sentiment, and has also cast doubt on the Fed's future interest rate path. The market is still maintaining expectations of three interest rate cuts this year.