小李日报
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Xiao Li Daily
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Macroeconomics
1. Since the escalation of the tariff war last week, we have taken countermeasures, starting from April 10th to impose a 34% equivalent tariff on the US, along with heavy export controls on rare earths. The EU is also introducing new tools to counteract coercion, mainly France, Germany, and Spain believe that only by targeting the service sectors that the US heavily relies on can they establish effective bargaining chips.
2. Impacted by tariffs, the US stock market has once again plummeted, with the Dow dropping more than 2,000 points on Friday, the S&P 500 down nearly 6%, and the Nasdaq overall down 10% last week, marking the largest weekly drop since the mask period, with the Nasdaq entering a technical bear market.
Macroeconomics
1. Since the escalation of the tariff war last week, we have taken countermeasures, starting from April 10th to impose a 34% equivalent tariff on the US, along with heavy export controls on rare earths. The EU is also introducing new tools to counteract coercion, mainly France, Germany, and Spain believe that only by targeting the service sectors that the US heavily relies on can they establish effective bargaining chips.
2. Impacted by tariffs, the US stock market has once again plummeted, with the Dow dropping more than 2,000 points on Friday, the S&P 500 down nearly 6%, and the Nasdaq overall down 10% last week, marking the largest weekly drop since the mask period, with the Nasdaq entering a technical bear market.
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