HALF-FULL REPORT 03/14/25
Tariffs, Markets, and Traditions
I'm thrilled to share that St. Patrick's Day is just around the corner on Monday, March 17th. It's a day when my family, like so many others, absolutely loves getting together with our extended clan. We go the extra mile (quite literally) to join in the fun at various events, parades, and convention-style gatherings. And let me tell you, these get-togethers are more than just a good time. They're a powerful display of the Irish diaspora's political clout. Our leaders definitely take notice when hundreds thousands take to the streets in all types of cities, representing all walks of life.
President Trump recently posted on his social media platform, Truth Social, about communication with Russian President Putin. Diplomats apparently had a productive chat and there might be a chance to pause the ongoing Russia-Ukraine war. But, there are thousands of Ukrainian troops currently in a tight spot in Kursk, surrounded by Russian forces. Trump urged Putin to spare their lives to avoid a horrific massacre.
A recent ruling by a federal judge has reinstated a member of the board overseeing personnel disputes for federal workers. The judge ruled that President Donald Trump did not have the authority to remove her without proper justification. This situation highlights a constitutional conflict between the branches of government, as Trump claims the power to hire and fire all members of the executive branch. Congress places limits on the removal of leaders of independent agencies like the Merit Systems Protection Board.
As of publishing time, we have a 25% tariff on goods from Mexico and Canada scheduled to launch next month, except for Canadian energy which has a 10% tariff. These apply to finished products in the automotive, manufacturing, and retail sectors, but not to higher order goods that aren't sold directly to consumers.
The stock market experienced another turbulent day due to new tariff threats and mixed inflation news. The S&P 500 fell by 1.4%, entering its first correction since October 2023, which is a drop of over 10% from its record high on February 19. The NASDAQ Composite went down by nearly 2%, and the Dow Jones Industrial Average decreased by 1.3%.
It was a tough week. Next week will surely be better.

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