Digest | 25 March 2025
- Edward von der Schmidt
- Mar 26
- 3 min read
Updated: 5 days ago
Treading water on Tuesday, risk markets saw lower volumes as tariff deadlines loomed. A conditional agreement on pausing hostilities in the Black Sea opened an uncertain path for a partial, temporary ceasefire between Russia and Ukraine. The US directed attention toward China in its Annual Threat Assessment as intelligence officials testified on Capitol Hill and a number of entities were blacklisted. While an EU delegation met with US counterparts seeking to attenuate trade threats and Indian officials contemplated relief in exchange, a March sentiment survey showed US consumer confidence dropping to a four-year low in the face of tariffs and broader economic uncertainty that have aggravated inflation concerns.