The main events by the morning: April 3

• Trump has imposed new duties «against the whole world» – 185 countries on the list. They will start operating on April 5. The minimum base customs duty will be 10% and will take effect over the weekend. "Mirror" tariffs for a number of countries will be applied from April 9th. To implement these duties, Trump had to declare a state of emergency in the economy, which gave him broad powers to establish them.

• Russia, Belarus, Cuba and North Korea avoided the imposition of US duties. The White House administration explained that these countries are already facing high tariffs, and previously imposed sanctions are hindering significant trade with them. In fact, there is practically no trade with these countries.

• Gold prices reached $3,200 per ounce for the first time. This is due to Trump's new trade duties. Markets are expressing concerns that the US actions could lead to a slowdown in the global economy, forcing investors to gradually transfer some of their assets to gold as a safe asset.

• The European Union has offered Trump to negotiate the removal of trade barriers. The head of the European Commission, Ursula von der Leyen, said that in case of failure of negotiations, countermeasures would be introduced. In addition, the EU is preparing additional measures to protect its interests against the backdrop of an escalating trade war.

• Elon Musk is becoming an increasingly complex political figure for the United States. Trump is satisfied with the billionaire's work, but both came to the conclusion that Musk should return to his business projects. The Trump team notes that Musk is unpredictable and occupies various roles: «a ruling partner, an omnipresent supporter and an active campaigner in Washington.»