The Federal Reserve
Federal Reserve member Austan Goolsbee suggested a cautious approach regarding Trump’s policies, emphasizing a “wait-and-see” strategy ahead of the current restrictive and uncertain global economic conditions. This is particularly relevant for manufacturers in the steel and aluminum sectors, who are grappling with a 25% tariff and are likely to experience negative impacts. Therefore, Goolsbee noted, “Auto parts suppliers are concerned about tariffs,” giving a dampened view on tonight’s data—CB Consumer Confidence (CCI). Lower CCI = less optimism on the current outlook and vice versa.
President Donald Trump
- Trump believes that his negotiations with Ukraine over rare materials are nearing done, with an agreement expected to be signed within the week or next.
- French President Emmanuel Macron also sees a potential pathway to ending the Russia-Ukraine conflict, supported by G7 members who are seeking peace.
- The list of U.S. imported goods could face reciprocal tariffs from the EU if Trump continues to threaten tariffs on steel and aluminum.
- Meanwhile, Mexican President Claudia Sheinbaum anticipates a call with Trump on Friday, as Trump believes that tariffs on Canada and Mexico are still going forward.
- Apple announced plans to invest over $500 billion in the U.S. over the next four years, potentially creating more than 20,000 jobs amid the ongoing tariff threats from Trump.
