Volvo Cars: First-quarter sales figures were challenged by continued price pressures, geopolitical uncertainty, tariffs, and unfavorable regulatory changes.

1. National Address: Declaring Victory, "Heavy Strikes" in the Next Two to Three Weeks —On the evening of April 1st local time, Trump delivered a speech at the White House, declaring victory in the war against Iran. He said, "In the next two to three weeks, we will launch a very heavy strike against them." 2. The US Doesn't Need the Strait of Hormuz, Again Encouraging "Oil Grab" —Trump claimed that the US hardly needs to import oil through the Strait of Hormuz, and that countries that need to obtain oil through the strait must "take responsibility for maintaining this passage." He encouraged these countries to either "buy oil from the US" or directly "grab oil" from the Strait of Hormuz. 3. Claiming Regime Change in Iran—In his speech, Trump claimed that regime change in Iran was not a US goal, but simultaneously declared that regime change had already occurred. 4. Attending Supreme Court Hearing on Birthright Citizenship Policy —Trump made history on Wednesday by attending a Supreme Court hearing on the legality of an executive order he considered crucial to his tough immigration policies. According to Clare Cushman, a resident historian at the Supreme Court Historical Association, Trump is the first sitting president to appear in oral arguments before the Supreme Court. 5. Briefing on "Removing Nearly 1,000 Pounds of Highly Enriched Uranium from Iran" —According to the Washington Post, two sources familiar with the matter revealed that the U.S. military has submitted a plan to Trump to remove nearly 1,000 pounds of highly enriched uranium from Iran. Trump received a briefing on the plan over the past week. 6. Iran Responds to Trump's Speech with Missiles—According to Al Jazeera: Just as Trump concluded his national address, Iran launched another large number of missiles at Israel. 7. Iran's "New Regime President" Seeks Peace, Iranian Revolutionary Guard Retorts with "Absurd Performance" —Trump stated on social media that the president of Iran's new regime has requested a ceasefire from the United States. Subsequently, the Iranian Islamic Revolutionary Guard Corps stated that the Strait of Hormuz "will not be opened to the enemies of this country because of the absurd performance of the US president." 8. Proposed New Tariffs on Some Pharmaceutical Companies—Sources revealed that the Trump administration may impose tariffs as early as Thursday on pharmaceutical companies that have not yet reached agreements to secure low-price sales in the United States. 9. Proposed Adjustments to Steel and Aluminum Tariff System —According to the Wall Street Journal, the Trump administration is preparing to reshape its steel and aluminum tariff system. Under the new plan, all finished products made using imported steel and aluminum will be subject to a uniform 25% tariff based on the overall value of the product. This would replace the current system, which imposes a 50% tariff on the steel or aluminum portion of the product's value.

Key Economic Data and Events to Watch Today: Thursday, April 2, 2026 ① 14:30 Switzerland March CPI MoM ② 19:30 US March Challenger Job Cuts ③ 20:30 US Initial Jobless Claims for the Week Ending March 28 ④ 20:30 US February Trade Balance ⑤ 22:30 US EIA Natural Gas Storage for the Week Ending March 27 ⑥ 22:15 Fed's Logan Speaks ⑦ 01:00 (Next Day) US Total Oil Rig Count for the Week Ending April 3