On April 3rd, according to 4E monitoring, Trump announced reciprocal tariffs last night, adopting a dual-track system combining "benchmark tariffs" and "one country, one tax rate", with tax rates exceeding market expectations. The US stock market initially was optimistic due to the 10% benchmark tariff being lower than expected, with major indices closing higher. However, after specific high tax rates were published, investors became worried about escalating global trade war risks and potential US economic recession, leading to panic selling and a sharp decline in stock index futures. At the time of writing, S&P 500 futures dropped over 2.79%, Nasdaq futures fell over 2.65%, and Dow Jones futures declined more than 1.9%.
The crypto market experienced a comprehensive decline. Initially driven by tariff optimism, global risk assets generally rose, with Bitcoin surging to $88,500. As more details were revealed, market sentiment quickly reversed, and Bitcoin sharply dropped to yesterday's low, returning to around $83,000, with a 24-hour decline of over 1.8%. Ethereum fell from $1,957 to below $1,800. Most market sectors declined, with the meme sector showing significant drops.
In foreign exchange and commodities, the US dollar declined throughout the day, dropping 0.65%; oil and gas rose during the US session, and after tariff announcement, crude oil futures fell 1.0%; rising risk sentiment pushed gold prices to a new high, with London spot gold reaching $3,157, up approximately 0.7%.
After Trump announced comprehensive new tariffs on 185 countries, US stock index futures and major cryptocurrencies sharply declined, triggering global market turbulence and widespread risk aversion. The scale and unpredictability of tariffs quickly shifted investors' focus to macroeconomic headwinds, with the market reassessing inflation trajectories, growth risks, and policy responses for the second quarter.
eeee.com, as a financial trading platform supporting cryptocurrencies, stock indices, bulk gold, forex, and other assets, recently launched a USDT stablecoin financial product with an 8% annual yield, providing potential hedging options for investors. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.
