4E: Trump threatens to impose high tariffs on EU alcohol, US stocks and BTC fall, gold hits new high

ChainCatcher news, Trump threatens to impose 200% tariffs on EU alcoholic products, and firmly states that he will not ‘compromise’ on Canadian tariffs, insisting on implementing the tariff plan on April 2, causing market turmoil. According to 4E monitoring, US stocks collectively plummeted on Thursday, with the S&P 500 index falling by 1.39% and the Dow Jones falling by 1.30%, marking the fourth consecutive decline. The decline of tech giants dragged down the Nasdaq by 1.96%. After a brief rebound in the cryptocurrency market, it fell again last night due to the drag on US stocks. Bitcoin once fell below the $80,000 mark, rebounding only after the US stock market closed, with a reported price of $81,571, a 24-hour decline of 2.6%. Altcoins collapsed, the on-chain situation was bleak, and with the market continuing to be sluggish, interest in futures trading has increased. In terms of bulk foreign exchange, the PPI increase in February was lower than expected, pushing the US dollar index up by 0.2%; Russia agreed to a 30-day ceasefire, and the Russia-US agreement may revitalize Russian oil and gas supply, with US oil closing down nearly 1.7%; driven by Trump’s tariff threats and market safe-haven demand, spot gold surged by nearly 1.8% to hit a historical high, approaching $3000. Wednesday’s CPI and Thursday’s PPI together indicate that inflationary pressures in the United States are easing, but the market generally believes that this is not enough to trigger a significant rebound. Trump’s trade policy remains a key factor suppressing investor sentiment, casting doubt on the future interest rate path of the Federal Reserve, and the market still maintains expectations of three rate cuts this year.