According to The Kobeissi Letter, the US has decided against doubling tariffs on Canadian steel and aluminum to 50% following Ontario's suspension of their 25% electricity tariff, as reported by The Guardian. However, the existing 25% tariff on Canadian steel and aluminum imports will still be implemented starting March 12th.

According to The Kobeissi Letter, the US has decided against doubling tariffs on Canadian steel and aluminum to 50% following Ontario's suspension of their 25% electricity tariff. However, the existing 25% tariff on Canadian steel and aluminum imports will still be implemented starting March 12th, as reported by The Guardian.

According to Balaji, tariffs are not beneficial for the US as they primarily protect the home market but have limited impact since China exports only about 16% of its goods to the US. Balaji suggests that deregulation could be a more effective strategy than implementing tariffs, highlighting the ineffectiveness of tariffs like Trump's 10% on significantly impacting China's export strategy.

According to The White House, Howard Lutnick has been officially sworn in as the Commerce Secretary by the Vice President in the Oval Office. Traders should monitor potential policy shifts in cryptocurrency regulations and trade policies, as Lutnick may influence future digital asset frameworks, given the Commerce Department's role in economic development and trade regulation.

According to The Kobeissi Letter, a record 44% of S&P 500 companies have mentioned tariffs during their Q4 2024 earnings calls. This figure surpasses the previous peak observed during the 2018 US-China trade tensions, highlighting significant market concern regarding trade policies. The increase in discussions suggests heightened awareness and potential impact on corporate profitability, influencing trading strategies focused on companies sensitive to trade policy changes.