Tariff Social

1. Nomination of Kevin Warsh for Federal Reserve Chairman: President Trump announced the nomination of Kevin Warsh to serve as Chairman of the Board of Governors of the Federal Reserve System.
2. Nomination of Brett Matsumoto for BLS Commissioner: President Trump announced the removal of the former Commissioner of the Bureau of Labor Statistics and the nomination of Brett Matsumoto as the new Commissioner.

1. Decertification of Canadian aircraft and tariff threat: Decertifying Bombardier Global Express jets and all Canadian-made aircraft until Canada certifies Gulfstream jets, with a threatened 50% tariff on all Canadian aircraft sold to the U.S. if the situation is not corrected.

1. Colin McDonald nominated as first Assistant Attorney General for National Fraud Enforcement: Nomination to lead a newly created Division at the Department of Justice focused on fraud enforcement.

2. Naval armada deployed toward Iran: A large fleet led by the aircraft carrier Abraham Lincoln is moving toward Iran, with stated readiness for military action if Iran does not negotiate on nuclear weapons.

Nothing meaningful.

1. Tariff increase on South Korean imports: An immediate increase of tariffs on South Korean autos, lumber, pharmaceuticals, and other reciprocal goods from 15% to 25%, cited as a response to the South Korean Legislature's failure to ratify a trade agreement.

2. DOJ investigation into Member of Congress: The Department of Justice is reportedly investigating Congresswoman Ilhan Omar regarding her personal finances.

3. Deployment of federal official to Minnesota: Tom Homan is being deployed to Minnesota to coordinate with Governor Tim Walz and Minneapolis Mayor Jacob Frey on criminal apprehension and to oversee an investigation into alleged welfare fraud.

Nothing meaningful.