Global news you need to know before the U.S. stock market opens on Friday

Continue to counter! China announced that starting from April 12, the tariff rate on the U.S. will be raised from 84% to 125%, and subsequent U.S. tariff increases will be ignored.
Ministry of Commerce: If the U.S. insists on continuing to substantially infringe on China's rights and interests, China will resolutely counter and accompany to the end.
Due to the drag of energy costs, the U.S. PPI in March only increased by 2.7% year-on-year, with the month-on-month decline being the largest since October 2023.
No discussions on technology regulation and value-added tax! The European Union warns the U.S.: If no agreement is reached in 90 days, taxes may be imposed on U.S. technology companies.
The competition pressure for AI large models is high, OpenAI is "taking risks aggressively," significantly shortening safety testing time.
JP Morgan's Q1 revenue increased by 8% year-on-year, better than expected, with record stock trading income and a net profit increase of 9% year-on-year.
Amid tariff turmoil, Buffett insists on issuing Japanese bonds, but the scale hits a historical low.
Morgan Stanley's Q1 net profit increased by 26.5%, with strong growth in stock trading and fixed income business.
ByteDance refutes rumors of "independent listing of gaming business": There are no related plans.
U.S. stock pre-market: Most European stock indices fell, with the German DAX index down over 1%, U.S. stock futures slightly up, the dollar falling below 100, the euro soaring to a three-year high, and gold standing at $3,230.
The Nikkei 225 index closed down 3%, the Shanghai Composite Index closed up 0.45%, and the Hang Seng Index closed up 1.13%