🇺🇸🇨🇳⚡- "China is working on the largest military expansion in its history, and we must resist it," - Marco Rubio, US Secretary of State.

🇺🇸🇨🇳⚡- "China played it wrong, they panicked - the one thing they cannot afford to do," - US President Trump's reaction to Chinese counter tariffs.

🇺🇸🇷🇺🇺🇦⚡- Marco Rubio, US Secretary of State, says that they are aware that the Russians have been 'striking Ukrainian energy facilities' and 'they are violating the ceasefire. This is not a good sign'.

Rubio said that the US won't wait for Russia to stall peace talks, and if 'the Russians start a new military campaign, then we will understand that they are not interested in peace.'

Ukrainian intelligence, as well as troop movements, have indicated Russia has been preparing for a summer offensive, on a similar scale to that of Russia's '2024 Summer Offensive'.

🇪🇺🇦🇲⚡- The President of Armenia signed the law on the beginning of the country's accession into the EU. The bill was passed on February 12.

🇷🇸🇭🇺🇸🇰⚡- Serbian authorities are open to Slovakia potentially joining the Serbia-Hungary defense agreement.

#BREAKING | Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth

The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth, and the Federal Reserve will focus on keeping price increases temporary, Fed Chair Jerome Powell said Friday.

Powell said that the tariffs, and their impacts on the economy and inflation, are “significantly larger than expected.” He also said that the import taxes are “highly likely” to lead to “at least a temporary rise in inflation,” but added that “it is also possible that the effects could be more persistent.”

“Our obligation is to ... make certain that a one-time increase in the price level does not become an ongoing inflation problem,” Powell said in remarks being delivered in Arlington, Virginia.


🔗 Source: AP

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🇺🇸🇮🇷🇹🇷⚡- "Ankara is not interested in a new source of instability in the region and opposes a possible US attack on Iran," - Turkey's Ministry of Foreign Affairs.

🇪🇺 - EU markets close with -4 to -5% evolutions. Worst hit are London and Frankfurt

🇺🇸 - Worst 48 hours of Wall Street since 2008.

We have surpassed the Covid or Russo-ukrainian market dips.

🇸🇾🇹🇷🇮🇱⚡- "We do not want a Turkish buildup on our border. We hope Ankara does not seek a confrontation with us," - Reuters, citing a senior Israeli official.

🇸🇾🇹🇷🇮🇱⚡- "Israel will prevent Turkey from establishing air and naval bases in Syria. If Turkey crosses the red lines, Israel will respond," - Israeli Broadcasting Corporation.

🇺🇸🛢️⚡️- The cost of oil per barrel has fallen significantly since the start of the tariff regime on Wednesday.

🇺🇸🇾🇪⚡- "The total cost of the US military’s operation against the Iran-backed Houthi militants in Yemen is nearing $1 billion in just under three weeks, even as the attacks have had limited impact on destroying the terror group’s capabilities," - CNN.

🇺🇸⚡️- President Trump shares a message on Truth Social as the stock market continues to collapse.

🇺🇸⚡️- After today, more than $7 trillion has been deported from the market since the tariff regime began.

However the March jobs report came back much stronger than expected with over 230,000 jobs created, twice as many as predicted.

🇺🇸🇨🇳⚡️- Trump Admin and China had reached a TikTok deal on Wednesday but China reversed course as the trade war began, they are now demanding tariff negotiations before any TikTok sale can be finalized.

🇺🇸 - US markets will close with around -6% loss.