【Trump Raises Tariffs, US Stocks Fall Sharply with Nasdaq Dropping Over 2% and Tesla, Nvidia Plummeting Over 5%】US stocks fell on Wednesday. Tech stocks led the decline, with the Nasdaq down over 2%. The market continues to monitor the developments of Trump's tariff policy, as he is set to announce new automobile import tariffs at a press conference at 4 PM Eastern Time. Federal Reserve's Kashkari stated that more work is needed on reducing inflation. By the close, the Nasdaq index fell 2.04%, marking the largest single-day decline since March 11; the S&P 500 index fell 1.12%; the Dow Jones index fell 0.31%. The Philadelphia Bank Index fell 0.8%, ending its previous eight-day streak of gains. Major tech stocks declined broadly, with Tesla and Nvidia down over 5%, Intel and Google down over 3%, Amazon, Meta, and Netflix down over 2%, Microsoft down over 1%, and Apple slightly down. Berkshire Hathaway's Class B shares, owned by Buffett, rose nearly 1%, continuing to set a new closing record high. Affected by the automobile tariff news, General Motors dropped 3.12%, Stellantis fell 3.55%, and Ferrari dropped 4.67%. The Nasdaq Golden Dragon China Index rose 0.72%. Most popular Chinese concept stocks rose, with Linklogis up over 30%, Century Internet up nearly 5%, Qifu Technology up over 4%, TAL Education up over 3%, and Miniso up nearly 3%. Pony.ai fell over 9%, Bitdeer dropped over 7%, and NIO fell over 3%.

【US President Trump Announces 25% Tariff on All Imported Cars】On March 26, local time, US President Trump signed an executive order at the White House, announcing a 25% tariff on all imported cars. The measures will take effect on April 2. Trump stated that the automobile tariffs will be permanent. He noted that if cars are manufactured in the US, no tariffs will apply. Trump mentioned that Tesla's CEO Elon Musk has not made any suggestions regarding the automobile tariffs nor requested any benefits from them. Trump also stated that the US would impose tariffs on lumber and pharmaceuticals.