Policy Update

SCOTUS asked to rule on legality of Trump’s ‘Liberation Day’ tariffs.
Updates on trade deals, negotiations with UK, Canada and Japan.
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.
Frustrations with China appear to be rising.
Tensions between the world’s two largest economies are heightening again in the ever-changing trade saga.