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4E: Trump threatens to impose high tariffs on EU alcoholic beverages, US stocks and Bitcoin decline, gold hits a new high

ChainCatcher news, Trump threatens to impose a 200% tariff on EU alcoholic products and firmly states that he will not "compromise" on tariffs against Canada, insisting on implementing the tariff plan on April 2, causing market turbulence. According to 4E monitoring, U.S. stocks collectively plummeted on Thursday, with the S&P 500 index closing down 1.39%, the Dow Jones down 1.30% marking four consecutive declines, and tech giants dragging the Nasdaq down 1.96%.After a brief recovery, the cryptocurrency market fell again last night due to the drag from U.S. stocks, with Bitcoin briefly dipping below the $80,000 mark. It only rebounded after the U.S. stock market closed, reaching $81,571 at the time of writing, a 24-hour decline of 2.6%. Altcoins crashed, on-chain activity was bleak, and amid the ongoing sluggish market, interest in contract trading has risen.In the forex commodities sector, February PPI growth was below expectations, pushing the dollar index up 0.2%; Russia agreed to a 30-day ceasefire, and a U.S.-Russia agreement may revive Russian oil and gas supplies, with U.S. crude oil closing down nearly 1.7%; driven by Trump's tariff threats and market risk aversion, spot gold surged nearly 1.8% to refresh its historical high, approaching $3,000.Wednesday's CPI and Thursday's PPI together indicate that inflationary pressures in the U.S. are easing, but the market generally believes this is insufficient to trigger a significant rebound. Trump's trade policies remain a key factor suppressing investor sentiment, casting doubt on the future interest rate path of the Federal Reserve, with the market still maintaining expectations for three rate cuts this year.
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