Big shift on trade policy: Trump just pumped the brakes on his tariff escalation plan. Instead of hiking duties on imported upholstered furniture to 30%, kitchen cabinets and vanities to 50%—he's holding the line at the current 25% across the board. And this stays in place for a full year.

Why this matters? Trade policy directly shapes import costs, supply chains, and inflation signals. When tariffs get delayed like this, it typically eases inflationary pressure in the near term, which ripples through everything from commodity markets to macro asset allocation decisions. Investors tracking economic cycles and cross-asset correlations should pay attention.