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Bundesbank President: There Are Many Things We Can Do To Calm The Markets And Provide Positive Momentum
European Commission Executive Vice President Dombrovskis: We Will Update The G7 On The Upcoming €90 Billion Loan Program For Ukraine, With The First Tranche Potentially Disbursed In June
European Commission Executive Vice-President Dombrovskis Reiterated The Need To Open The Strait Of Hormuz As Soon As Possible
European Commission Executive Vice President Dombrovskis: The G7 Will Discuss The War Between Ukraine And Iran
U.S. Natural Gas Futures Extended Gains To 3.00% On The Day, Currently Trading At $3.049 Per Million British Thermal Units (MMBtu)
18 Specific Measures Announced To Support Employment And Entrepreneurship Among College Graduates And Rural Migrant Workers
Zhu Min, Former Vice Governor Of China's Central Bank, Stated That Appropriate Policies Must Be Formulated To Guide The Adoption Of Artificial Intelligence
The Ukrainian Foreign Minister Said He Had A Constructive And Substantive Call With The Hungarian Foreign Minister
When Asked If She Was Worried About A Bond Sell-off, European Central Bank President Christine Lagarde Said, "I'm Always Worried; That's My Job."
The Yield On Japan's 30-year Government Bond Narrowed Its Gains To 9 Basis Points To 4.090%, After Rising As Much As 20 Basis Points To 4.2% Earlier In The Day
French Finance Minister: We Are No Longer In A Period Where Public Debt Is Not An Issue Of Concern
French Finance Minister: G7 Finance Ministers Will Discuss This Adjustment To The Global Bond Market
French Finance Minister: The Bond Market Is Reminding US Not To Over-consume Public Financial Resources
French Finance Minister: I Believe The French Economy Will Recover In The Second Quarter. The French Economy Is Projected To Grow By 0.9% This Year

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Trump defends tariffs, hinting at escalation, as the Supreme Court weighs the legality of his trade strategy.

U.S. President Donald Trump issued a warning on Thursday that tariffs on trading partners could become "much steeper," even as he claimed his administration has been "very nice" in its implementation of the policy so far.
The remarks were made during a White House Cabinet meeting, highlighting the administration's firm stance on trade amid a high-stakes legal review.
"The tariffs are very ... you know ... steep. They could be much steeper," Trump said. "We've been actually very nice about it, but even being nice about it, we've taken in hundreds of billions of dollars."
The president reiterated his long-held argument that tariffs have generated "tremendous" national security and strength for the United States.
He also directed criticism at those challenging the policy, labeling them "China-centric."
"These are people that are China (centric), but they are also outside of the United States," Trump stated. "These are countries that have ripped us off for years and years, charging us tariffs."
Trump's defense of his tariff strategy comes as the U.S. Supreme Court deliberates the legality of specific tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA). The court is expected to issue a ruling on these country-specific measures in the coming months.
A ruling against the administration could trigger calls for significant tariff refunds. However, the administration is widely expected to seek legal workarounds or alternative measures to maintain its tariff framework.
It is important to note that the court's review does not affect all of Trump's tariffs, such as the sector-wide duties imposed on autos and other items.
The administration has consistently framed its use of tariffs as a strategic tool to reshape the U.S. economy. The primary stated objectives include:
• Reducing the U.S. trade deficit.
• Increasing federal revenue.
• Boosting foreign investment and domestic manufacturing.
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