Pentagon's success in destroying Houthi missile and drone arsenal has been largely limited.

Pentagon spent roughly $200 million in munitions against Houthis in three weeks.

US strikes against Houthis could exceed $1 billion by next week.

Source: NYT

Turkish Trade Minister:

Turkey wants to negotiate with U.S. on lifting 10% additional tariffs.

Earlier this morning, the Israeli army launched a ground operation in the Shujaiya neighborhood, northeast of Gaza City. Israel said the operation aims to expand the buffer zone along the border.

Trump Links TikTok Deal to China Tariff Relief

President Trump suggested he may ease tariffs on China if Beijing approves a deal for ByteDance to divest TikTok and avoid a U.S. ban.

“We have a situation with TikTok where China will probably say we’ll approve a deal, but will you do something on the tariffs. The tariffs give us great power to negotiate,” Trump said.

The proposed plan would create a U.S.-based TikTok entity with American investors owning about 50% and ByteDance under 20%.

A key issue remains control of TikTok’s algorithm. The U.S. demands full control, but a licensing compromise is being considered.

Trump says a deal is “very close” ahead of Saturday’s divestment deadline.

Source: FT

Greece Launches €2.8 Billion “Achilles Shield”

Greece is accelerating its air defense modernization with the €2.8 billion “Achilles Shield” program—part of a broader €25–28 billion, 12-year defense plan.

• Layered Defense: Covers long-, medium-, and short-range threats including drones and ballistic missiles.

• Israeli Partnership: Greece plans to integrate Israeli systems like Iron Dome, Drone Dome, and Spyder.

$208 Billion Wiped From Billionaires in One Day After Trump Tariffs

President Trump’s sweeping new tariffs triggered a historic $208 billion plunge in the net worth of the world’s richest.

This is the largest one-day loss since the COVID-19 crash, and the fourth-biggest drop in Bloomberg Billionaires Index history.

• Mark Zuckerberg: -$17.9B (Meta down 9%)
• Jeff Bezos: -$15.9B (Amazon down 9%)
• Elon Musk: -$11B (Tesla + tariff impact)
• Bernard Arnault: -$6B (LVMH hit by EU-focused tariffs)
• Tobi Lütke & Ernest Garcia III: -$1.4–1.5B (Shopify, Carvana down 20%)

BIG: Trump Tariffs Could Push iPhone Prices to $2,300

Apple may be forced to hike iPhone prices as high as $2,300 for premium models due to sweeping new tariffs announced by President Trump.

• Tariff Impact: A 10% base tariff plus a 34% China-specific tariff means iPhones built in China now face a total 54% duty.

• Analyst Estimates: Prices could jump 30–40% if Apple passes the full cost to consumers. The iPhone 16 Pro Max might leap from $1,599 to ~$2,300.

Source: Reuters

NEW: M23 rebels in eastern Democratic Republic of Congo have withdrawn from the strategic town of Walikale, describing the move as a goodwill gesture ahead of planned peace talks with the government next week.

Congo's government and M23 plan to hold their first direct talks in Doha on April 9, sources from both camps told Reuters this week.

Kremlin:

Russia was not subject to new American tariffs, since trade between Moscow and Washington does not exist in tangible figures.

BREAKING: China announces additional 34% tariffs on all American imports from April 10.

First 100 Days: How the last 4 U.S. presidents moved the S&P 500.

U.S. Vice President JD Vance on Greenland:

This matters to our security; this matters to our missile defense, and we're going to protect America's interests.

Come hell or high water.

European markets plunge again.

🇫🇷 Paris -3.8%
🇩🇪 Frankfurt -3.3%
🇬🇧 London -3.7%

Kamala Harris breaks months of silence:

There were many things that we knew would happen..

I’m not here to say I told you so.

EU Foreign Policy Chief Kaja Kallas:

Rubio provided assurances that the U.S. will not make concessions going against the interests and red lines of Ukraine and Europe.

🇮🇹 Italian stock index Italia 40 plunged -7.79% today.

NATO’s Rutte says he does not believe U.S. tariffs violate NATO treaty.

Germany has officially excluded Swiss defense companies from its military procurement processes.

The move follows tensions over Switzerland’s War Materiel Act (LFMG), which prohibits the re-export of Swiss-made arms to third countries, notably Ukraine.

Source: Le Temps

NATO’s Rutte:

NATO still stands behind the assessment that Russia is the greatest threat to the alliance.

NEW: Turkish Foreign Minister Hakan Fidan says Türkiye does not want confrontation with Israel in Syria.

Fidan says Israeli attacks undermine Syria’s ability to deter Islamic State and other threats.

Fidan adds Israel’s actions in Syria are paving the way for future regional instability.

Source: Reuters

Turkish Foreign Minister Hakan Fidan says if Syria wants to have ‘certain understandings’ with Israel, that is their business.

Fidan, asked about U.S.-Iran tensions, says diplomacy is needed and he does not want to see any attack on Iran.

Source: Reuters