US President Donald Trump exchanged so-called liberation day for the country. What exactly has his trade plan liberated the world’s largest economy from it? Leadership of the global economic and financial system? King Dollar’s seat? Intimate relationships with trading partners and political allies?

Of course, this is all speculation. The tariffs have not yet been launched except for the 25% tax on cars. Trump’s general 10% tariff will come into effect on April 5, while the ostensibly unconventional “mutual” tariff rate will be used on April 9.

Despite the horror expressed by economists, market strategists and (private) CEOs, Trump is indeed right because after a period of pain, the U.S. economy, more specifically, its manufacturing industry can rejuvenate. “The market will boom. Stocks will thrive. The country will thrive,” he said at the White House.

But for now, the only (reluctant) theme of Trump’s “liberation” is investors, who are under oppressive attention from stock returns. Investors fled the security of bonds after being released on Thursday, and then “boomed” to shake the market.

Trump is reportedly open to tariff talks
US President Donald Trump says he will Open tariff talks with other counties According to a Reuters report, if they offer something amazing. Trump’s top trade aide Peter Navarro told CNBC less than an hour ago that promoting tariffs is not “negotiation.” In addition, Altimeter Capital CEO Brad Gerstner told CNBC that he spoke with the CEO of the largest U.S. company, who believe The tariff is”A huge mistake. ”

Blood Bath in U.S. Stocks
U.S. stocks plummeted Thursday. this S&P 500 Sink 4.84%, Dow Jones Industrial Average 3.98%. These are the biggest declines in indexes since June 2020. Nasdaq Composite Materials The worst meetings since March 2020 fell by 5.97%. Russell 2000 The small-cap index fell 6.59%, with losses from a 52-week height to 22.5%, and Put it in the bear market. Benchmark 10 years of the Ministry of Finance Low yields as low as 4%, investors turn to bonds in search of security.

MAG 7 lost trillions of market capitalization
A huge seven stock collective Losed about $1.03 trillion in market valueAccording to CNBC’s analysis of Thursday’s meeting. Overall, CNBC’s grand seven indexes fell more than 6% during the trading day. apple Stocks are The most bruisesdown 9%, its steepest decline in 5 years. Apple’s Official Supplier List To a large extent, countries that are disproportionately affected by Trump’s tariffs.

A stranded sled around the corner?
Trump’s tariff plan will slow growth and may raise prices, making The threat of the trap “Real,” Lindsay Rosner, Goldman Sachs’ Multi-asset fixed income person in charge. Morgan Economists think Trump’s trade policy is likely Pushing the U.S. and global economies to recession this yearThen the U.S. Federal Reserve will face an invincible situation Choose between resisting inflation, growing growth – Or simply avoid competition and allow events to take courses without intervention.

European stocks slam
Pan-European Stoxx 600 It fell 2.57% on Thursday. The name of the big retail is Among the worst performers. Adidas 11.7%, JD Sports 7.9%, Burberry Give up 8.8%. Transport giant MaskIt is widely considered a barometer of world trade, 9.5% lower. Trump will “deduct under pressure” and change tariff policy If European bands are togetherActing German Economy Minister Robert Habeck said on Thursday.

(Pro) Friday’s work report may be “nails in the coffin”
Investors have just taken this week’s tariff news and are preparing for Friday’s job report, and even if that’s better than expected, there may be little good news. If the number of workers is weak, it may be”Nails in the American Economic Coffin. ” wrote a market strategist.

Europe’s biggest winner and loser when Trump announces widespread tariffs

The European Union is held 20% of its responsibilities, while the United Kingdom’s U.S. trade relations benefit from 10%.

Most analysts agree that from an economic standpoint, few (or possibly no) winners in the economy due to expected slowdown in growth and breakdown in trade relations.

However, on Thursday, some bright spots appeared in European assets, along with some seriously negative spots. CNBC looks at the prospects for industries ranging from luxury goods, food and beverages to retail.