美国股指期货周五下跌，结束了在持续的贸易不确定性中市场剧烈波动主导的动荡一周。周四，主要股指暴跌：道琼斯指数下跌2.5%，标准普尔500指数下跌3.46%，纳斯达克综合指数下跌4.31%，抹去了周三历史性的大部分反弹。特朗普总统宣布对大多数国家暂停90天的关税，推动了这一激增。然而，对美中贸易紧张局势升级的再次担忧迅速削弱了投资者的信心。白宫证实，对中国进口商品的关税总额已飙升至145%，这表明华盛顿和北京之间的贸易战正在加深。展望未来，投资者正在关注周五的美国消费者信心数据和主要金融机构的季度收益报告，包括摩根大通、摩根士丹利、富国银行和贝莱德。

U.S. stock futures declined on Friday, capping off a turbulent week dominated by sharp market swings amid ongoing trade uncertainty. On Thursday, major indexes tumbled: the Dow dropped 2.5%, the S&P 500 slid 3.46%, and the Nasdaq Composite sank 4.31%, erasing much of Wednesday’s historic rally. That surge had been fueled by President Trump’s announcement of a 90-day tariff pause for most countries. However, renewed concerns over escalating trade tensions between the U.S. and China quickly undermined investor confidence. The White House confirmed that total tariffs on Chinese imports have surged to 145%, signaling a deepening trade war between Washington and Beijing. Looking ahead, investors are eyeing Friday’s U.S. consumer sentiment data and quarterly earnings reports from major financial institutions, including JPMorgan Chase, Morgan Stanley, Wells Fargo, and BlackRock.

重温1月份对美元贬值的呼吁。早在1月份，我就发布了美元下跌的一个双管齐下的原因：美元的急剧上升趋势线似乎已经被打破。特朗普总统任期的第一年，美元呈下降趋势。这里有一个链接：美元的陡峭上升趋势线似乎已经被打破，我现在画了一条可能的支撑线，就在当前汇率之下。欢迎评论！

Revisiting the January call for a lower US dollar.Back in January I posted on a two-pronged reason for a lower USD: steep up trend line for the USD appears to have been broken first year of Trump's Presidency #1 was a downtrend for the USD Here's a link: The steep up trend line for the USD appears to have been broken I drew a maybe support line now, just under the current rate. Comments welcome!

在纽约，道琼斯指数周四下跌1071点，跌幅2.64%。跌幅最大的是耐克（-7.88%）、雪佛龙（-7.64%）和华特迪士尼（-7.05%）。

In New York, the Dow Jones Index fell 1071 points or 2.64 percent on Thursday. Leading the losses are Nike (-7.88%), Chevron (-7.64%) and Walt Disney (-7.05%).

美国股市周四暴跌，扭转了前一天的一些历史性反弹，因为对美中贸易紧张局势升级的担忧再次动摇了投资者的信心。特朗普总统宣布暂停对一些国家征收90天关税，这曾短暂地引发了乐观情绪，但中国商品总关税飙升至145%的确认再次引发了市场的担忧。标准普尔500指数和纳斯达克指数分别下跌3.5%和4.3%，道琼斯指数下跌1015点。苹果（-4.2%）、特斯拉（-7.3%）、英伟达（-5.9%）和Meta（-6.7%）等科技巨头领跌，因为投资者对长期的贸易不确定性越来越警惕。尽管特朗普保留了延长关税暂停的可能性，但市场对与中国未解决且不断深化的贸易战的压力做出了回应。此外，在昨天特朗普暂停关税后的反弹之后，增长担忧重新成为投资者的关注焦点，尽管有证据表明今天的CPI印刷品出现了通货紧缩。

US stocks plunged Thursday, reversing some of the previous day’s historic rally as renewed fears over escalating trade tensions between the US and China shook investor confidence. President Trump’s announcement of a 90-day pause on tariffs for some countries had briefly fueled optimism, but confirmation that the total tariff rate on Chinese goods had soared to 145% reignited market concerns. The S&P 500 and Nasdaq lost 3.5% and 4.3%, respectively, while the Dow sank 1,015 points. Tech giants like Apple (-4.2%), Tesla (-7.3%), Nvidia (-5.9%), and Meta (-6.7%) led the losses, as investors grew wary of prolonged trade uncertainty. Despite Trump leaving open the possibility of extending the tariff pause, markets responded to the mounting pressure of an unresolved and deepening trade war with China. Also, growth concerns retook investors' forefront after yesterday's rally from Trump's tariff pause, despite evidence of disinflation in today's CPI print.