Overnight US stocks | The specific tariff rates of the United States on many countries have been released, causing Apple's stock to plummet more than 7% after hours. Gold futures in New York first touched $3200.

"We will impact everyone," the Chairman of the European Council, CoStar Group, Inc., said on April 2nd, regarding the trade war between the EU and the US.It is necessary to respond to the "serious mistake" made by US President Trump in the tariff issue with a "firm but wise" approach. CoStar Group, Inc. warned that the trade war between the European Union and the United States will "impact everyone". CoStar Group, Inc. believes that the EU must respond to Trump's upcoming tariff policy in a "firm but wise manner". At the same time, they hope that Trump will retract his plans before a devastating trade war breaks out. In the view of CoStar Group, Inc., the trade war is indeed a significant economic mistake for the United States, Europe, and the entire world.Allianz Chief Economist: Fed expected to cut interest rates once in 2025. Allianz chief advisor El Elion expects the Fed to cut interest rates only once this year, which is in stark contrast to the market and Fed expectations. The market has already fully priced in expectations of at least two interest rate cuts in 2025, and there may even be a third cut. Overall, they expect interest rates to be cut by about 70 basis points this year, with the first cut of 25 basis points in July. Meanwhile, the latest dot plot from the Fed only calls for two rate cuts. Elion said the Fed is "essentially dovish" and added that he is concerned that the Fed is ignoring soft economic data, calling the impending tariffs temporary until the details of these tariffs and how countries will respond are known. SEC reorganizes enforcement division. The U.S. Securities and Exchange Commission (SEC) announced on Wednesday plans to reorganize its enforcement division under the leadership of a new deputy director, seemingly to strengthen oversight of the agency's offices nationwide. A memo sent by SEC Acting Chairman Mark Uyeda showed that under these changes, enforcement staff will report to deputy directors in the Western, Northeastern, or Southeastern regions as well as deputy directors of specialized divisions. The SEC currently has 10 regional offices where enforcement and inspection staff report to the office director. Uyeda said in the memo, "The number of senior officials responsible for reporting creates challenges for management." He stated that the current structure is "unsustainable." This reorganization comes as the top Wall Street regulatory agency faces a significant wave of departures, as hundreds have agreed to accept voluntary retirement offers amid efforts by Trump and his allies to reshape the U.S. government. [Stock News] Trump Media & Technology Group (DJT.US) drops 7.4% after disclosing potential large-scale stock sell-off. Trump Media & Technology Group disclosed in a securities filing that there could be a large-scale stock sell-off, including sales from internal shareholders, including former President Trump's trust fund. According to a filing submitted on April 1, the parent company of Truth Social said it may soon sell around 8.4 million shares of common stock related to existing warrants issued during the initial public offering. Additionally, the company mentioned that insiders and major shareholders could sell up to approximately 134 million shares of stock "at any time." Among them, the Donald J. Trump Revocable Trust holds over 114 million shares of stock included in the potential sale range. [Major Bank Rating] Wells Fargo & Company: Downgrades rating on Tesla, Inc. (TSLA.US) stock from Neutral to Hold, slashing target price by half to $130.