Trump: We will shrink the federal government and develop the non-public sector

Pres. Trump is speaking from the Oval Office and says:

• We will shrink the government and grow the private sector.
• To sign action on public service loan forgiveness program.
• Canada has particularly high tariffs on lumbar and dairy products
• Wants auto parts to be building made in the US
• Canada has been ripping off and dairy in lumber for years
• On Canada says may do reciprocal tariffs as early as today or Monday.
• EU has been a terrible abuser on tariffs.
• They will have more manufacturing jobs instead of government jobs
• Expecting good economic data and reports.
• There has not been much disturbance so far.
• Chips act is a waste of money.
• Russia is bombing the hell out of Ukraine
• Finding it more difficult to deal with Ukraine and may be easier to deal with Russia on final settlement.
• Something is going to happen very soon with Iran.
• We can’t have Iran have nuclear weapons

Going scorched earth on Canada. The ploy may be to greet the new party leader with tariffs in an effort to get more concessions.

Trump also said this on Iran:

“”Interesting days ahead with Iran…We are down to the final moments. We can’t let them have a nuclear weapon. Something is gonna happen very soon. I would rather have a peace deal than the other option but the other option will solve the problem”

The He will and is doing the same with Ukraine.

The USDCAD is spiking higher with the price back above its 100 and 200 hour moving averages near 1.4388.