According to The Kobeissi Letter, Bessent has stated that President Trump has not offered to remove US tariffs on China unilaterally, suggesting a prolonged negotiation period of 2-3 years. This announcement places the decision-making onus on China, impacting trading strategies as investors assess the potential for long-term market volatility. Traders should monitor China's economic policy responses, as these could influence currency valuations and commodity prices.

According to @KobeissiLetter, the introduction of 'Liberation Day' tariffs has increased the US weighted-average tariff rate to 29%, surpassing historical highs set during the 1930s Great Depression. This significant rise in tariffs could potentially impact international trade dynamics, influencing commodity prices and market volatility. Traders should closely monitor import-export data and related tariff policy announcements as these factors could affect asset pricing and trading strategies.

According to @KobeissiLetter, President Trump's announcement of 20%+ reciprocal tariffs on up to 25 countries could significantly impact global trade, as US tariffs are set to affect over $1.5 trillion worth of imports by the end of April. Traders should monitor these developments closely as they could lead to increased market volatility and affect commodity prices and foreign exchange rates.

According to The Kobeissi Letter, lumber futures prices have surged to $675, marking a 20% increase over six weeks and reaching their highest point since August 2022. This significant price movement follows President Trump's order for an investigation into US lumber shipments, which aims to scrutinize the conditions of these imports.

According to The Kobeissi Letter, the US is preparing a plan to offer potential sanctions relief for Russia with the aim of restoring diplomatic ties, as reported by Reuters. This development could influence global markets, particularly the energy sector, as it may lead to increased Russian oil and gas exports. Traders should monitor the situation closely for any changes that could affect commodity prices.