- Tariff: President Donald Trump confirmed once again on his social media last night, citing that he will impose a 25% tariff on Mexico and Canada according to “schedule (March 4)” while adding an additional 10% tariff on China. Moreover, the 2nd reciprocal tariff will go into “full force” on April 02.
- The Prime Minister of the UK is seeking a “no tariff” on their economy from Trump. No agreement has been confirmed yet, but Trump is a strong positive ally of the UK.
- Ukraine-Russia: Trump hinted at uncertainty about ending the war by saying, “It’ll either be fairly soon or not at all.”
- Reminder: Trump will hold a meeting at the White House regarding the rare mineral final agreement with the Prime Minister of Ukraine at 11 PM Cambodia time. This could be seen as an agreement that could not be refused in exchange for peace in Ukraine.
- Federal Reserve Harker: Concern over both the inflation problem (trade war) and potential of a higher unemployment rate (firing from Trump’s initiative). Both pose a stagflation scenario—slow growth/recession with high inflation.
