GuShiio.com ① Trump: The United States will impose new tariffs on Canadian wood and dairy products;
② Israel suspends the entry of relief supplies into Gaza;
③ The U.S. Energy Secretary plans to seek up to $20 billion to replenish oil reserves;
④ Apple’s personalized Siri voice assistant will be postponed until 2026.
Overnight stock market
The three major U.S. stock indexes closed up collectively, with the Dow rising 0.52%, down 2.37% this week; the Nasdaq rising 0.7%, down 3.45% this week; the S & P 500 index rising 0.55%, down 3.1% this week.
Most popular Chinese stocks closed higher, with the Nasdaq China Golden Dragon Index rising 0.47%, and rising 4.93% this week. Beili Beili increased by more than 8%, Xiaopeng Automobile increased by more than 6%, Nilai and Ideal Automobile increased by more than 5%, and Krypton increased by more than 4%.
Major European stock indexes closed down generally, with Germany’s DAX30 index down 1.75%, Britain’s FTSE 100 index down 0.03%, France’s CAC40 index down 0.94%, and Europe’s Stoxx 50 index down 0.76%.
commodity market
The settlement price of WTI crude oil futures rose 1.02% to US$67.04/barrel, down 3.9% this week; the settlement price of Brent crude oil futures rose 1.19% to US$70.36/barrel, down 3.36% this week.
COMEX gold futures closed down 0.3% at US$2,917.7 per ounce, up 1.76% this week;COMEX silver futures closed down 1.27% at US$32.915 per ounce, up 3.82% this week.
market news
[Trump: U.S. will impose new tariffs on Canadian wood and dairy products]
Just one day after granting Canada a one-month tariff grace period, U.S. President Trump said new tariffs would be imposed on Canadian wood and dairy products as early as the 7th, including a 250% equivalent tariff on dairy products. In a speech in the Oval Office of the White House that day, Trump said,”Canada has been exploiting us for wood and dairy products for many years,” and mentioned that Canada imposes a tariff of about 250% on U.S. dairy products and a “very high tariff” on wood. Trump said that the United States will impose the same amount of tariffs on a reciprocal basis, which may be implemented as early as the 7th, or may wait until the 10th or 11th.
[The U.S. government is said to be studying relaxing sanctions on Russia’s energy industry]
Sources revealed that the U.S. government is studying how to relax sanctions on Russia’s energy industry, and the White House has asked the Treasury Department to explore ways to relax energy sanctions before Trump and Putin hold talks on ending the Russia-Ukraine conflict. This would allow the United States to quickly withdraw sanctions if a peace agreement was reached. But they made clear that the effort should not be understood as meaning that the United States would lift sanctions without concessions from Russia.
[Confirmed measles cases in Texas increased to 198]
The measles epidemic in Texas continues to ferment. As of March 7 local time, according to the latest data, the number of confirmed measles cases in the state has increased to 198. The U.S. Centers for Disease Control and Prevention reported on the same day that since the beginning of this year, a total of 222 measles cases have been reported in 12 states in the United States.
[Israel suspends allowing relief supplies to enter Gaza, Houthi militants threaten to resume military operations against Israel]
Abdul Malik Al-Hussein, leader of the Houthi armed forces in Yemen, said in a televised speech that the Houthi armed forces will not sit idly by and watch the current situation where humanitarian aid is prevented from entering the Gaza Strip. He said that relevant parties would be given four days to mediate. If aid is still prevented from entering the Gaza Strip after the deadline expires, the Houthi armed forces will resume military operations against Israel.
[Russian President Vladimir Putin is said to be ready to agree to a conditional ceasefire with Ukraine]
According to people familiar with the matter in Moscow, the Russian government is willing to discuss a temporary truce with Ukraine, provided progress is made on a final peace settlement. This is the first signal from Russian President Vladimir Putin to respond positively to U.S. President Trump’s truce proposal. People familiar with the matter said senior Russian officials conveyed the offer during a meeting with the United States in Saudi Arabia last month. In order to reach consensus on a cessation of hostilities, two people familiar with the matter said, a clear understanding of the framework principles for a final peace agreement must be found. Another person familiar with the matter revealed that Russia will particularly insist on determining the boundaries of the final peacekeeping mission, including the need to agree on which countries to participate. The details emerge as the United States and Russia are planning to hold their first direct meeting in Saudi Arabia next week since Trump and Ukraine President Volodymyr Zelensky fell out. U.S. envoy Steve Witkoff said the two sides met to reach a “framework for a peace agreement and a preliminary ceasefire.”
[Food and Agriculture Organization of the United Nations: Global food price index rose 1.6% month-on-month in February]
The global food price index for February released by the Food and Agriculture Organization of the United Nations on March 7 local time was 127.1 points, up 1.6% month-on-month and 8.2% year-on-year. Data showed that the increase in the global food price index in February was mainly driven by the 6.6% month-on-month increase in sugar prices. The dairy price index rose 4% from January; the vegetable oil price index rose 2% month-on-month; and the grain price index rose slightly by 0.7% in February.
[U.S. Energy Secretary plans to seek up to $20 billion to replenish oil reserves]
U.S. Energy Secretary Chris Wright plans to seek up to $20 billion to meet President Donald Trump’s goal of replenishing the United States ‘depleted oil reserves to maximum capacity. After visiting a natural gas export plant, Wright said in an interview in Louisiana on Thursday that the move, which could take years, would bring oil reserves back to “near-cap” levels to maintain efficient operations. In his inaugural speech in January, Trump said he plans to replenish the strategic oil reserve, part of his broad support for traditional energy sources, which also includes commitments to increase domestic oil production and reduce regulation.
[Apple’s personalized Siri voice assistant will be postponed until 2026]
On Friday local time, U.S. technology giant Apple confirmed that it will delay the release of its new generation of artificial intelligence voice assistant Siri, which is expected to be launched sometime “next year.” Apple said in a statement that the new personalized Siri can access users ‘personal data, such as emails, messages, files and photos, to better understand user needs and help complete tasks, but implementing these features takes longer than expected. Apple did not give a reason for the delay. The iPhone maker has previously said the features will be available in 2025.
[Powell: Don’t rush to cut interest rates until the impact of Trump’s policies is further clarified]
On Friday, US Eastern Time, Federal Reserve Chairman Powell said that the Trump administration’s series of policies have increased uncertainty in the economic outlook, but there is no rush to adjust monetary policy at present. He also said recent indicators suggested consumer spending could slow, while surveys of households and businesses showed growing uncertainty about the economic outlook. “How these developments will affect future spending and investment remains to be seen.” Powell said the current costs of being cautious about monetary policy were “very, very low,” but also said those costs could rise if inflation expectations came under pressure, although the standard response to expectations of one-time price increases from tariffs is to ignore it, but this time may be different.
