U.S. to Eliminate Additional 25% Tariff on Indian Imports and Lower Tariffs to 18% as India Decreases Russian Oil Purchases, According to White House Official.
U.S. Tariff Changes: The U.S. will eliminate the additional 25% tariff on Indian imports and reduce tariffs to 18%.
India's Oil Purchases: The tariff reduction comes as India decreases its purchases of Russian oil.
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State of the Union Address: President Donald Trump's upcoming State of the Union address is expected to cover topics such as the economy and affordability for Americans, with potential updates on tariff policies and military actions against Iran that could impact markets.
Market Predictions: Jay Woods from Freedom Capital Markets noted that while the State of the Union is typically a non-market-moving event, Trump's unpredictable nature could lead to market reactions based on his comments regarding tariffs and military escalation.
Tariff Policy Insights: Trump's speech may provide insights into his plans to continue levying tariffs despite recent Supreme Court rulings, which could influence market sentiment and investor outlook on inflation and labor markets.
Market Performance: On the day of writing, U.S. equities showed positive movement, with various ETFs tracking the S&P 500 and Treasury bonds experiencing slight increases, indicating a mixed sentiment among investors ahead of the address.

Trump's Comments on Supreme Court: President Donald Trump criticized the Supreme Court for giving him more power after it struck down his tariff policy, calling the court "incompetent" and suggesting it should be ashamed of itself.
Dissenting Justices: Trump specifically excluded the three justices who dissented against the court's decision, indicating his disapproval of their stance.
Potential Actions Against Foreign Countries: He mentioned that he could use licenses to take severe actions against foreign countries that he believes have been exploiting the U.S. for decades.
Updates on the Situation: The article encourages readers to stay updated on the developing story through Stocktwits.

Trump's Mention of Fed Chair: Trump has referenced the Federal Reserve Chair, indicating a focus on monetary policy.
Interest Rates Discussion: There is a call for interest rates to be reduced significantly to stimulate economic growth.

Supreme Court Ruling: The Supreme Court ruled against Trump tariffs in a 6-3 decision, stating that the President exceeded his authority by invoking emergency powers, but did not clarify the extent of refunds for importers.
Business Reactions: Ross Gerber, CEO of Gerber Kawasaki, emphasized that U.S. companies that paid tariffs should receive refunds, calling the tariffs a "stupid policy" and a win for consumers and businesses.
Future Tariffs: Analysts suggest that the ruling will not end Trump's tariffs, as the administration may implement alternative legal frameworks to impose similar tariffs in the future.
Economic Implications: Experts warn that while the ruling may reduce some tariffs, it could lead to increased trade uncertainty and a rising U.S. budget deficit due to lost tariff revenue.

Trump's Negotiation Timeline: President Trump indicated that he would allow 10 to 15 days for negotiations regarding a nuclear deal with Iran, emphasizing that this period is crucial for determining whether a deal can be reached or if tensions will escalate.
Military Buildup in the Middle East: Despite the ongoing military buildup in the Middle East, betting markets suggest that the odds of a U.S. strike on Iran in the coming month are roughly 50:50, reflecting uncertainty about the situation.
Market Predictions: Betting markets show fluctuating odds regarding a potential nuclear deal with Iran, with predictions indicating a 76% chance of a deal being reached by the end of the year, while the likelihood of a strike has decreased significantly.
Warnings from Officials: Officials, including Rafael Mariano Grossi of the International Atomic Energy Agency, warned that time is running out for Iran to strike a nuclear deal, highlighting the urgency of the situation and the need for concrete solutions.

White House Attempts to Compromise: Neel Kashkari reported that the White House has made multiple attempts over the past year to compromise the Federal Reserve's independence, including actions by the Department of Justice.
Criticism of NY Fed's Paper: Kashkari responded to comments from Kevin Hassett regarding a New York Fed paper that claimed tariffs were harming Americans, labeling it an embarrassment and criticizing its failure to address key aspects of tariff functionality.
Focus on Economic Stability: Kashkari emphasized that Fed officials are trying to ignore political turbulence and remain focused on their dual mandate of maximum employment and price stability, despite increasing noise around their mission.
Market Reactions: Following these discussions, U.S. equities declined, with various ETFs tracking major indices showing drops, indicating a bearish sentiment in the market.






