March thirtieth, two thousand twenty-five (250323-250330)
There is not much to say in this week’s review. Please continue reviewing this week’s Notes. Today’s weekend edition mainly covers a few things happening next week. It is not long, so please be sure to read it all.
1. This week, the U.S. Senate confirmed several nominees for positions in the Trump administration, including John Phelan as Secretary of the Navy. The Senate also passed a resolution to repeal the Consumer Financial Protection Bureau (CFPB) rule issued under the Biden administration that aimed to cap overdraft fees. In the House, several bills were passed, including new disclosure requirements for foreign donations and contracts involving universities new rules, as well as a resolution on energy-efficiency standards for commercial refrigerators and refrigeration equipment.
Next week, the Senate will continue advancing the confirmation process for Trump administration nominees. The House will vote on a bill restricting “nationwide judicial injunctions” by federal courts, as well as another bill requiring in-person proof of citizenship to register to vote the bill, as well as two CRA resolutions already passed by the Senate, concerning revoking CFPB regulations on overdraft fees and digital payment platforms regulations.
2. Next Wednesday will be the eagerly anticipated 4 2 tariff day. For discussion of this, see Notes250324What to expect on the eagerly anticipated 4 2, President Trump is expected to announce his “tariff reciprocity” plan, which is likely to become the core framework of his trade policy in his second term.
The original idea of “reciprocity” was to impose on a country the same tariff level that it charged on U.S. exports. The new plan focuses on countries with large trade surpluses with the United States, covering 15 countries or economies, including China, the European Union, Mexico, Vietnam, Taiwan, Japan, Canada, Switzerland, South Korea, South Africa, Cambodia, Malaysia, Thailand, Indonesia, and India.The tariffs will not take effect immediately; implementation is expected to take several months, leaving time for the countries concerned to negotiate with the United States. This week’s tariffs on imported cars also show that such actions will not stop at a one-off measure。
3. TikTok deadline:
Under current law, if TikTok fails to by before 4 5 to reach a sale agreement, it will be forced to exit the U.S. market. Several U.S. companies have expressed interest in acquiring it, but no deal is close to completion. President Trump favors securing more time to reach a deal. Although the bipartisan law passed last year set a deadline for the transaction, it remains unclear whether an extension will be allowed, and the decision could prompt litigation. Given Trump’s “personal interest” in reaching an agreement, a deal remains possible, but time is needed to finalize the details, and the transaction could ultimately be delayed by court proceedings.
Finally, beneath the surface of macro volatility indices, the core driver of trading last week still came from corporate earnings. Most companies in China trades (especially those in the financial and auto sectors that recently reported) met expectations, while some technology and consumer companies delivered better-than-expected results.
Capital flows are also interesting:
The former saw profit-taking on the back of earnings, while the latter attracted incremental capital inflows.
The weekend is over. Wishing everyone who made it this far an enjoyable time and all the best in the new week!
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Note: All content in this article is for reference only, does not constitute investment advice, and is not a basis for any laws, regulations, or regulatory policies. Investors should not use or rely on this information as a basis for their decisions.