February 24 Member Morning Report: Trump Announces Upcoming War, U.S. Tariffs Undergoing Major Changes Starting Early Morning on the 24th

SnapshotLaborer · 2026-02-24T00:14:20+00:00

1. 【Trump Previews Imminent War】According to reports, U.S. President Trump is inclined to carry out a preliminary strike on Iran in the coming days, followed by a larger-scale military attack in the coming months, forcing Iran to "yield" and reach an agreement according to U.S. demands. This is meant to signal to Iranian leaders that Iran must agree to relinquish its nuclear weapons capabilities.2. 【U.S. Tariffs to Undergo Major Overhaul Starting April 24】The U.S. Customs and Border Protection announced that starting at 12:01 a.m. Eastern Time on Tuesday (13:01 Beijing Time), it will cease collecting tariffs imposed under the International Emergency Economic Powers Act (IEEPA). Previously, the U.S. Supreme Court had ruled these tariffs illegal. Meanwhile, the new 15% comprehensive tariffs announced by Trump will take effect simultaneously with the expiration of the "old tariffs."3. 【JPMorgan Predicts Major Relief from Copper Shortage Next Year】JPMorgan states that it is estimated that the copper market will experience

SnapshotLaborer

2026-02-24 00:14:20

[Trump Previews Imminent War] According to reports, U.S. President Trump is inclined to carry out a preliminary strike on Iran in the coming days, followed by a larger-scale military attack in the coming months, to force Iran to “yield” and reach an agreement aligned with U.S. demands. This is intended to signal to Iranian leaders that Iran must agree to relinquish its nuclear weapons capabilities.
[U.S. Tariff “Major Overhaul” Starting Early Morning on the 24th] The U.S. Customs and Border Protection announced that starting at 12:01 a.m. Eastern Time on Tuesday (13:01 Beijing Time), tariffs imposed under the International Emergency Economic Powers Act (IEEPA) will cease. Previously, the U.S. Supreme Court ruled these tariffs illegal. Meanwhile, the new 15% comprehensive tariffs announced by Trump will take effect simultaneously as the “old tariffs” expire.
[JPMorgan Forecasts Significant Copper Shortage Relief Next Year] JPMorgan states that by 2026, the copper market will face a supply shortfall of 130,000 tons. Copper prices are expected to be $13,500 per ton in Q2 and $13,000 per ton in Q3. The copper market will shift to a mild surplus in 2027 due to increased scrap supply and the recovery of several mines that experienced major supply disruptions in 2025.
[European Parliament Suspends Approval of US-Europe Trade Agreement] On Monday, the 23rd, European Parliament members decided to suspend legislative proceedings related to the US-Europe trade agreement. According to CCTV News, European Parliament International Trade Committee Chair Bernd Lange stated that the European Parliament negotiating team has decided to pause work on approving the EU-US trade deal and has postponed the vote originally scheduled for the 24th. Lange reiterated that before taking further steps, clear regulations and legal certainty are needed. Trump subsequently warned that any country attempting to “play tricks” using the Supreme Court ruling will face higher tariffs and more severe consequences.
[Federal Reserve Board Member Waller: CEOs Say AI Will Cause Massive Job Cuts] Waller pointed out that companies are beginning to cut staff after over-hiring. CEOs have stated that artificial intelligence will lead to significant layoffs. The weak labor market conditions may persist. The employment market appears to have demand issues rather than supply issues, and it is still considered weak and fragile.

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