Policy Update
Trade and geopolitics at the top of traders’ watch list.
Announcements on RFS levels and 45Z clean fuel credit imminent, possibly on Friday.
U.S. Appeals Court weighs extended pause on ruling against Trump tariffs.
June is setting up as a critical month ahead of President Trump’s July 9 deadline for tariffs.
While positive results were reported in trade talks this week, no formal trade deals were reached.
Fed’s Beige Book flags ag strains.
Frustrations with China appear to be rising.
Tensions between the world’s two largest economies are heightening again in the ever-changing trade saga.
As Trump’s tariffs are embroiled in a legal battle, talks with China ‘a bit stalled.’
Trump can offset tariff ruling with other tools.