• Wants a balanced budget in reasonably short period of time, maybe by the next year or year after.
• Says going to get along with China, but calls CHina a competitor.
• Selling Gold Card for immigration to pay down debt. Selling gold card for $5M to attract top workers.
• Commerse secretary Lutnick said would be capped at 250,000. If sold 200K that would be $1T.
• Need to double energy capacity
• They will be partnering with Ukraine on rare earth, but will not be making security guarantees with Ukraine, Europe will (that could disappoint Zelenskiy but…)
• Does not comment on whether China should not take Taiwan by force (HMMMM).
• Has a great relationship with Prex Xi and China.
• Wants China to invest in the US
• US will invest in China (HIMMM)
• Not stopping the tariffs. Tariffs will go on, not all, but a lot of them.
• Canada and Mexico tariffs to go into effect on April 2nd. That is a further delay from the early March timeline.
• We do not need Canada’s Lumber.
• Will be announcing tariffs on the EU very soon. EU can try to retaliate on tariffs
• EU tariffs to be 25% on autos and other things (EURUSD moves lower)

This article was written by Greg Michalowski at www.forexlive.com.