U.S. Trade Deficit widened to a new record in March...

U.S. Trade Deficit widened to a new record in March
https://x.com/Barchart/status/1919934235219034203

EU TRADE CHIEF SAYS EUROPEAN COMMISSION WILL ANNOUNCE ON THURSDAY PREPARATORY STEPS ON NEXT COUNTERMEASURES TO U.S. TARIFFS
https://x.com/DeItaone/status/1920098549875790289


..Trump's mixed messages on tariffs is not helping de-escalation, instead it sends a message to be prepared for no deal.
..I don't there is a chance Trump will walk back his tariffs in any meaningful way...no matter what diplomacy or meetings countries can have with him, case in question Carney's visit. Walking back from tariffs would be deemed a failure which is unacceptable. If there any further indication that tariffs would escalate rather than de-escalate, the 100% tariff on films is a case in point. There may be more to be announced.
..so why are the markets becoming so complacent and not concerned anymore? They have tuned out, in similar way as they did in Trump 1.0 in the US-China trade war, as I gave the analogy that ' demand for pork is higher even with prevailing swine flu than before or when news broke of swine flu'.

Fed's Powell: People are worried, but shock hasn't hit yet.
https://x.com/unusual_whales/status/1920192527661216259

..but like Powell correctly said, the shock hasn't hit yet, so a reality check awaits the markets in the months ahead.