Trump has enacted sweeping new tariffs, marking the most aggressive U.S. trade policy shift in over a century.
These measures target countries with trade surpluses with the U.S., sparking global economic tension.
A 10% baseline tariff applies to most U.S. trading partners.
• Yields on 30-year U.S. Treasuries surged over 20 basis points to 4.98%.
• Trump claims the U.S. is earning “$2 billion a day” from the tariffs.
Source: Bloomberg
These measures target countries with trade surpluses with the U.S., sparking global economic tension.
Top Tariff Rates:
• China faces tariffs up to 104%
• Cambodia: 49%
• Vietnam: 46%
• European Union: 20%
A 10% baseline tariff applies to most U.S. trading partners.
• Yields on 30-year U.S. Treasuries surged over 20 basis points to 4.98%.
• Trump claims the U.S. is earning “$2 billion a day” from the tariffs.
Source: Bloomberg
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U.S. commanders are concerned that the Pentagon will need to transfer long-range precision weapons from Asia to the Middle East in preparation for a possible conflict with China.
This is due to the United States' use of munitions in the Yemen bombing campaign.
According to a CNN report, since March 15, the United States has committed over $1 billion to bombing Yemen in support of Israeli interests.
Sources: NYT, CNN
This is due to the United States' use of munitions in the Yemen bombing campaign.
"In just three weeks, the Pentagon has used $200 million worth of munitions" in Yemen. "The total cost could be well over $1 billion by next week." - (April 4)
According to a CNN report, since March 15, the United States has committed over $1 billion to bombing Yemen in support of Israeli interests.
Sources: NYT, CNN
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Trump:
These countries are calling us up. Kissing my ass to make a deal. They are dying to make a deal.
These countries are calling us up. Kissing my ass to make a deal. They are dying to make a deal.
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Trump:
China will now pay a big number to our treasury. This is all taxes.
China will now pay a big number to our treasury. This is all taxes.
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Macron on Gaza:
Two million people trapped with no access to aid or assistance. Tens of thousands of dead people. The wounded. Orphans.
This is the reality in Gaza today.
Two million people trapped with no access to aid or assistance. Tens of thousands of dead people. The wounded. Orphans.
This is the reality in Gaza today.
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Hezbollah is ready to hold talks with the Lebanese president about its weapons if Israel withdraws from south Lebanon and stops its strikes.
The group suggests a willingness to transfer drones and anti-tank missiles north of the Litani River to the army.
Source: Reuters
“Hezbollah is ready to discuss the matter of its arms if Israel withdraws from the five points, and halts its aggression against Lebanese,” a senior Hezbollah official said.
The group suggests a willingness to transfer drones and anti-tank missiles north of the Litani River to the army.
Hezbollah leader Naim Qassem :
“There is still time for diplomatic solutions,” but warned, “the resistance is present and ready… [for] other options” if Israel fails to uphold the ceasefire.
Source: Reuters
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In response to global tariffs implemented by the Trump administration, Spanish Prime Minister Pedro Sánchez is promoting closer collaboration between the European Union and China.
Sanchez wants the EU to pivot toward China, describing the trip as a way to build “more balanced alliances” amid what he calls an “increasingly unreliable US”.
Source: Bloomberg
“The situation with the US under Trump calls for everyone to adapt and see how trade relations are balanced,” Sanchez said.
Sanchez wants the EU to pivot toward China, describing the trip as a way to build “more balanced alliances” amid what he calls an “increasingly unreliable US”.
“One of the best ways to fight the tariff threat is by strengthening all sorts of relations and, in trade, China can play a huge role,” said Cristina Gallach, a former Spanish diplomat.
Source: Bloomberg
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Wagner intensifies its presence in the north of the Central African Republic
In a new phase of consolidation of its influence in the Central African Republic, the Russian paramilitary group Wagner has launched a recruitment campaign in the north of the country. The aim is to train young militiamen to consolidate its control and secure its strategic interests in the Vakaga prefecture, bordering Sudan and Chad.
Source: Africa Intelligence
In a new phase of consolidation of its influence in the Central African Republic, the Russian paramilitary group Wagner has launched a recruitment campaign in the north of the country. The aim is to train young militiamen to consolidate its control and secure its strategic interests in the Vakaga prefecture, bordering Sudan and Chad.
Source: Africa Intelligence
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U.S. Treasury Yields Spike
Recent trade tensions and investor unease have pushed U.S. Treasury yields sharply higher:
• 10-Year Yield: Surged past 4%, peaking at 4.21% — a 34 bps jump from recent lows, despite expectations of economic slowdown and Fed rate cuts.
• 30-Year Yield: Climbed over 50 bps during the week, reaching 4.72%, the highest since November 2023.
Why it matters:
Recent trade tensions and investor unease have pushed U.S. Treasury yields sharply higher:
• 10-Year Yield: Surged past 4%, peaking at 4.21% — a 34 bps jump from recent lows, despite expectations of economic slowdown and Fed rate cuts.
• 30-Year Yield: Climbed over 50 bps during the week, reaching 4.72%, the highest since November 2023.
Why it matters:
• Trump’s new tariffs have shaken faith in Treasuries’ haven status, triggering selloffs in longer-dated bonds.
• Volatility is rippling through global markets, with bond yields rising in Australia, Japan, and Europe.
• Higher yields can raise mortgage rates, slow down the economy, and rattle markets worldwide.
• Some investors suspect that reserve giants like China may be rethinking their U.S. debt holdings amid Trump’s tariff shock. While such moves are rarely visible in real time, both China and Japan have already been quietly trimming their Treasuries.
• In a rare twist, the dollar fell even as yields rose, boosting traditional havens like the yen and Swiss franc, both up over 1%.
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U.S. Defense Secretary Pete Hegseth visited Panama to reaffirm cooperation on canal security, offering a softer stance than President Trump, who has called for the U.S. to "take back" the Panama Canal.
While Hegseth warned of Chinese influence through Hong Kong-based CK Hutchison Holdings Ltd., he emphasized partnership with Panama, not unilateral action.
Source: Bloomberg
While Hegseth warned of Chinese influence through Hong Kong-based CK Hutchison Holdings Ltd., he emphasized partnership with Panama, not unilateral action.
“Together we will take back the canal from China’s influence,” Hegseth said, while praising Panama for taking the lead.
Source: Bloomberg
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B-2s in action?
Footage shows U.S. airstrikes on Jabal Nuqm near Yemen’s capital, Sanaa.
B-2 Spirit bombers may have been used to target underground facilities, as seen in similar strikes last October.
Footage shows U.S. airstrikes on Jabal Nuqm near Yemen’s capital, Sanaa.
B-2 Spirit bombers may have been used to target underground facilities, as seen in similar strikes last October.
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Greater West Africa (GWA) is unstable due to coups, secessionist movements, and arms diversion. Small arms and heavy weapons fueled by these conflicts are undermining the region.
Scope of Attacks (2020–2024)
Foreign Military Footprint in GWA (2000–2024)
Source: The International Peace Information Service (IPIS)
Scope of Attacks (2020–2024)
• >1,000 assaults on uniformed personnel across GWA.
• At least 107 documented events involved direct diversion of arms and ammunition.
• Over 2,500 incidents are recorded in the S4 database covering 25+ countries
Foreign Military Footprint in GWA (2000–2024)
• 19 countries in the region hosted foreign forces under bilateral or multilateral arrangements.
• Key actors: France, Russia, US, ECOWAS, UN, G5 Sahel, LCBC, EU.
• Mercenaries (e.g. Wagner/Africa Corps) confirmed in Burkina Faso, CAR, Mali, Niger.
• State-backed NSAGs active in at least 5 countries, including Nigeria and Côte d'Ivoire.
Source: The International Peace Information Service (IPIS)
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Judge Orders White House to Restore AP Access
A federal judge has ordered the White House to restore the Associated Press’s access to presidential events, ruling that barring the outlet over its refusal to use the term “Gulf of America” was unconstitutional.
Judge Trevor McFadden, a Trump appointee, said the move violated the AP’s First Amendment rights and amounted to viewpoint discrimination.
The White House has one week to appeal the decision.
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Chinese Foreign Ministry:
China will continue to take resolute and effective measures to safeguard our legitimate rights and interests.
The U.S. continues to abuse tariffs to pressure China. China firmly opposes this and will never accept this kind of bullying.
If the United States really wants to solve the problem through dialogue and negotiation, it should adopt an attitude of equality, respect, and mutual benefit.
China will continue to take resolute and effective measures to safeguard our legitimate rights and interests.
The U.S. continues to abuse tariffs to pressure China. China firmly opposes this and will never accept this kind of bullying.
If the United States really wants to solve the problem through dialogue and negotiation, it should adopt an attitude of equality, respect, and mutual benefit.
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Chinese Commerce Ministry on U.S. tarriffs:
China has a firm will and abundant means, and will resolutely counteract and fight to the end.
China is unwilling to fight a trade war, but we will never sit idly by and watch the legitimate rights and interests of the Chinese people be damaged and deprived.
China has a firm will and abundant means, and will resolutely counteract and fight to the end.
China is unwilling to fight a trade war, but we will never sit idly by and watch the legitimate rights and interests of the Chinese people be damaged and deprived.
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Trump’s Tariff Demands
Source: Summed by top White House economist Stephen Miran
📌 No retaliation allowed — just accept U.S. tariffs.
📌 Buy more American — especially defense equipment.
📌 Build factories in the U.S. — avoid tariffs by manufacturing on U.S. soil.
📌 Invest in U.S. manufacturing — directly support domestic industry.
📌 Write checks to the U.S. Treasury — literal payments to offset “global public goods” provided by America.
Source: Summed by top White House economist Stephen Miran
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Algeria Emerges as Unexpected Su-35 Recipient
Satellite imagery confirms that at least one Su-35 Flanker M, originally built for Egypt, has been delivered to Algeria’s Ain Beida Air Base, defying earlier expectations of a transfer to Iran.
Source: IISS
Satellite imagery confirms that at least one Su-35 Flanker M, originally built for Egypt, has been delivered to Algeria’s Ain Beida Air Base, defying earlier expectations of a transfer to Iran.
• A Russian An-124 transported the aircraft in early March 2025.
• By 10 March, satellite images showed a Su-35 with Algerian markings.
• At least four more Su-35s are confirmed to bear Algerian roundels at the Russian factory, suggesting further deliveries.
• Algeria already flies Su-30MKAs and has a confirmed order for the Su-57 Felon (Feb 2025). The Su-35s likely complement this expanding high-end fleet.
Source: IISS
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