Despite not altering tariff policy on steel and aluminum, saying that this will happen next week, President Trump has granted temporary tariff exemptions on some exported goods from Canada and Mexico that meet USMCA requirements until April 2nd.
This temporary agreement partially undoes the recently imposed 25% tariffs, which has led to global uncertainty. According to the White House, 50% of Mexican and 38% of Canadian imports comply with USMCA and as long as fentanyl progresses well, the US tariff is also likely to drop in response as well. In response, Canada has also postponed a second set of tariffs on $125 billion worth of US goods until April 2nd.
Cost cutting: Trump and Elon Musk are now continuing to work on reducing the cost measuring and staffing on DOGE, and with ongoing layoffs, all of these could potentially lead to a higher unemployment rate in between February and March.
Strategic Bitcoin Reserve: Trump officially signed an executive order and “direct the government to stockpile bitcoin, ethereum, and three other tokens,” as per CNN sources.
Other news: an extension of the Tiktok deadline, working on a large investment agreement between Trump and Saudi Arabia, a statement regarding US-Japan relations.
