Trump threatens to impose 100% tariffs on Russia, Fed officials claim no urgent need to cut interest rates!

· Trump threatens to impose 100% tariffs on Russia. This news is negative for the ruble. · Brazil's vice president denied reports that Brazil had requested the US to reduce tariffs to 30% and delay the tariff deadline by 90 days. This news is bullish for the US dollar. · The U.S. Department of Commerce has initiated a Section 232 investigation on drone and polysilicon imports. This news is negative for industries related to drone imports.