Bauer crushed the hope of a rate cut + Huida chips were regulated, bitcoin fell back to 84,000, and U.S. stocks suffered another violent sell-off

Global financial markets were once again shrouded in risk aversion last night. Wall Street stocks sold off sharply due to the U.S. government's expansion of China's chip export controls, coupled with Federal Reserve Chairman Jerome Powell's deep concerns about tariff policy. (Synopsis: Bloomberg view: The dollar is about to explode? Bitcoin's response to tariffs reveals significant concerns) (Background added: "Car dealers call me willing to pay a higher price to buy back", Trump's tariff war has set off a miracle of buying used cars in the United States) The White House statement yesterday pointed out that in response to China's retaliatory measures, it decided to significantly increase the tariff rate on some Chinese imports from 145% to 245%, coupled with Federal Reserve Chairman Powell's speech at the Chicago Economic Club this morning (17), expressing deep concern about tariff policy, causing investors to intensify their panic about the Sino-US trade war. Wall Street stocks suffered a sharp sell-off on the 16th. Bauer: There is a lot of uncertainty about the US economic outlook In his speech, Bauer admitted that the continuous adjustment of the four major policy directions of trade, immigration, finance and regulation has brought "great uncertainty" to the US economic outlook. In particular, he noted that the tariffs announced so far are "much higher than originally anticipated" and that the uncertainty they create could cause long-term damage to the economy. Bauer warned that tariffs have the dual effect of pushing up inflation and dragging down economic growth, which will make the Fed face an extremely difficult choice between the dual mission of "stabilizing prices" and "full employment." He described it as a potential for the Fed to face a dilemma not seen in nearly five decades, with the economy facing a triple blow of slowing growth, rising unemployment and rising inflation. On interest rates, which investors are most concerned about, Powell hinted that the Fed will take a more cautious approach. He said that if the negative impact of tariffs materializes, the Fed will assess how far the economy is from the two major policy goals (price stability and full employment) and the time it will take to close the gap to determine the most appropriate course of action. During the Q&A session, he reiterated that the labor market remains resilient, but acknowledged that it may be difficult for the economy to achieve both inflation and employment goals for the rest of the year. Bauer stressed: Until the actual impact of Trump's tariff policy on the economy is clearly assessed, the best option is to "stand still." This remark almost extinguished the market's expectations of a short-term Fed interest rate cut, and also reflected the constraints of trade policy uncertainty on monetary policy. Regarding interest rates, which investors are most concerned about, he said that the current range of 4.25% to 4.5% is basically "moderately restrictive" and the Fed will need more time to observe. "We now have plenty of room to wait for more clarity before considering whether to adjust our policy stance," he said. Hint that there will be no action so soon. Market panic spreads, technology seven heroes fell across the board At the same time that Bauer released a hawkish signal, chip leader Nvidia also confirmed earlier that it received a notice from the US government that when exporting its reduced H20 to China and some specific countries in the future, it must obtain an export license in advance, and the company's Q1 earnings report will recognize a $5.5 billion H20 chip inventory and cancellation related fees, resulting in Huida (NVDA) plunged 6.87%. Taiwan stock ADR was not spared, TSMC ADR fell 3.6%, UMC ADR and ASE ADR also closed lower. Wall Street stocks underperformed on the 16th: The Dow Jones Industrial Average fell 699.57 points, or 1.73%, to close at 39,669.39 The S&P 500 fell 120.93 points, or 2.24%, to close at 5,275.70 Nasdaq plunged 516.01 points, or 3.07%, to close at 16,307.16 The Philadelphia Semiconductor Index was the hardest hit, down 164.73 points, or 4.10%, to close at 3857.17 points Bitcoin once approached 83,000 At a time when the traditional financial market was in full swing, the cryptocurrency market was relatively independent, and although it also fell rapidly in a short period of time after Bauer's speech, it is now standing above $84,127 and is now trading at $84,127, up 1.02% in the past 24 hours. Ethereum (Ethereum) is quoted at $1,583 / -0.23% XRP at $2.08 / -0.10% BNB at $583.53 / +0.88% Solana (SOL) at $131.34 / +3.94% Overall, the cryptocurrency market has not fully followed the plunge in US stocks, but the market sentiment remains cautious, and investors need to pay attention to whether it will be affected by the spread of overall economic risks in the future. Related reports Taiwan stocks don't laugh! Trump warns semiconductor tariffs are coming: Monday's answer China bails out the market! Limited to "daily net selling" of stocks up to 50 million, Beijing raises tariffs on the United States to 125% As soon as the European Union approved a 25% retaliatory tariff on American products, Trump turned to... Who changed his mind? "Bauer crushes the hope of interest rate cut + Huida chip is regulated, bitcoin falls back to 84,000, and U.S. stocks face another fierce sell-off" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".