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On April 2, Mitsubishi UFJ analyst Derek Halpenny said that if the Fed pauses its rate cuts for longer than the market expects, the dollar may rebound in the coming months. The market is confident that the Fed will cut interest rates in June, but it is questionable whether there is enough evidence to show that US tariffs will only have a temporary impact on inflation. The ISM manufacturing report released yesterday showed that business confidence deteriorated in March and the price index soared. If this mixed economic data continues, the initial risk of the Fed delaying its decision to cut interest rates again will certainly be greater.Trump Media & Technology Group (DJT.O) fell 6% in premarket trading.Trump Media & Technology Group (DJT.O) has filed to issue an additional 134 million shares of common stock.Indian automakers have proposed reducing tariffs on electric vehicles from around 100% to 30% in phases after 2029, sources said on April 2. Automakers are concerned that any agreement with the United States will set a precedent for trade negotiations with the European Union and the United Kingdom. Cutting tariffs on electric vehicles will be part of the first phase of a trade deal with the United States.According to the European Mediterranean Seismological Center, a 4.7-magnitude earthquake occurred 118 kilometers south of Mandalay, Myanmar, at 17:15 local time on April 2, with a focal depth of 10 kilometers. The epicenter was located at 20.910 degrees north latitude and 96.076 degrees east longitude.

The United States Authorizes A $95 Million Upgrade to Taiwan's Air Defense System

Haiden Holmes

Apr 06, 2022 09:55

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The package would include training, planning, fielding, deployment, operation, maintenance, and sustainment of the Patriot Air Defense System and related equipment, the Pentagon informed Congress in a letter.


"This proposed sale advances the United States' national, economic, and security interests by assisting the recipient in its ongoing efforts to upgrade its armed forces and preserve a credible defensive capacity," the statement said.


"The proposed sale would assist the receiver in maintaining its missile density and readiness for air operations. The recipient intends to utilize this capacity to prevent regional threats and to bolster homeland security."


The US is legally obligated to give Taiwan the tools to defend itself, notwithstanding the lack of formal diplomatic relations and the ensuing outrage in Beijing.


Taiwan's presidential office remarked that this was the third weapons deal announced since President Joe Biden assumed office, demonstrating their relationship's "rock solid" character.


"Taiwan will continue to show its will to protect itself and to strengthen cooperative relationships with the United States and other like-minded nations," spokesman Xavier Chang said in a statement.


Despite clearance by the State Department, the notice does not constitute the signing of a contract or the conclusion of discussions.


Raytheon (NYSE:RTN) was named as the primary contractor for the proposed sale by the Pentagon.


Taiwan's Defense Ministry said that the agreement will "go into effect" within a month.


Taiwan's primary foreign weapons supplier is the United States.