Boeing, Trump Tariffs, Ukraine War, and US Trade Deals: Bloomberg News

Air India Crash Investigation

• ✈️ The preliminary report on the Air India 787 Dreamliner crash indicates cockpit confusion led to the incident, not issues with Boeing or GE Aerospace engines.
• 💡 The crash occurred after fuel supply was cut to both engines, and pilots failed to regain thrust in time.

Trump Administration Trade Policies

• 📈 President Trump is threatening 35% tariffs on Canada, though they may not apply to goods covered by the USMCA trade agreement.
• 💰 Sources suggest Trump's promised 50% copper tariffs could include all refined metal, but the scope is not yet finalized.
• 🚗 A provisional trade agreement between the EU and U.S. is being negotiated, with cars and agriculture tariffs as key sticking points.
• 🤝 The U.S. is also in talks with India for an interim trade deal that could cut proposed tariffs below 20%.

Geopolitical Developments

• 💥 Russia launched a massive drone and missile strike targeting western Ukraine, near EU states, firing nearly 600 drones and 26 cruise missiles.
• 🇰🇵 North Korea has affirmed its support for Russia's war in Ukraine and is reportedly supplying up to 40% of Russia's ammunition.
• ⚛️ Russian President Putin reportedly supports a nuclear deal with Iran where Iran would be unable to enrich uranium.

US Federal Reserve and Immigration

• 🏦 PIMCO's global fixed income chief believes President Trump will likely choose a conventional candidate for Fed chair, despite calls for lower interest rates.
• ⚖️ A federal judge has temporarily blocked ICE from racial profiling in migrant sweeps in seven California counties, pending lawsuit proceedings.

Disaster Relief and Government Agencies

• 🌊 President Trump visited flood-ravaged areas in Texas, calling the devastation