Good morning,
The United States and Ukraine have reached a tentative commitment to a 30-day total ceasefire in Ukraine’s defense against Russia’s invasion. As a result of this commitment, the U.S. has turned back on aid delivery and intel sharing with the country. President Trump’s strong arm tactics seem to have worked in deescalating tensions with Ontario, which threatened to stop exporting oil to New York, Michigan, and Minnesota. Further, BlackRock has bought previously Chinese-controlled ports on both sides of the Panama Canal, in an encouraging sign for Trump’s diplomacy.
Domestically, markets have suffered greatly this week based on Trump’s on-again, off-again threats of tariffs. It remains unclear if the intent is to actually levy tariffs or just to use the threat of them to compel others to strike more favorable deals. On the issue of tariffs, the kerfuffle with Ontario began as a reaction to Trump’s 25% tariffs on certain goods from Canada. Also, he has imposed wide ran…
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