Recently, the three major European indices have collectively weakened, seemingly triggered by concerns over Trump's new tariff policies. Specifically, Germany's DAX declined the most, closing at 24,991 points, down 268 points, a drop of over 1%. France's CAC also fell, closing at 8,497 points, down 0.22%. The UK FTSE 100 was relatively resilient, only slightly down by 2 points to 10,684 points. This adjustment is likely the market digesting the uncertainty of the new trade policies, with European stocks bearing the brunt. In the short term, such volatility may continue, and we should keep an eye on subsequent developments.