On April 7, Trump signed an executive order at the White House regarding "reciprocal tariffs", announcing a 10% "minimum baseline tariff" on trade partners and personalized higher "reciprocal tariffs" on countries with the largest trade deficits with the United States.

The three major stock indexes fell by more than 5.5%, creating the largest single-day decline since 2000. The Dow plummeted over 2,000 points and entered a correction zone, while the Nasdaq entered a bear market. Many countries have already implemented or announced countermeasures in response to Trump's tariffs. Trump's tariff policy has raised investor concerns about a potential US economic recession. S&P's market value has evaporated by approximately $5.4 trillion in the past two days. Mainstream cryptocurrencies collectively "dove", with Bitcoin performing a "heartbeat game", diving from a high of $88,000 and breaking below the critical $80,000 mark on Sunday. Meanwhile, the crypto market's clearing volume has experienced an explosive growth, with a single-day clearing total reaching $590 million, as a storm rages through the cryptocurrency domain.

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