Important news that affected the market during the Qingming Festival include: the Chinese government issued its position on opposing the US's abuse of tariffs; the State Council Tariff Commission: a 34% tariff will be imposed on all imported goods originating in the United States; the Ministry of Commerce added 16 US entities to the export control list; Trump spoke with representatives of Vietnam, India and Israel on tariff negotiations; U.S. non-farm payrolls increased by 228,000 in March, significantly higher than expected; Trump once again urged a rate cut, and the Federal Reserve Chairman said: It's too early; Trump announced that he would give TikTok another 75-day grace period for the ban, ByteDance's latest statement; the three major U.S. stock indices closed down sharply on the 4th, and the Nasdaq entered a bear market.