NATGAS: Israel’s Gas Output Hits New Record in 2024: MEES

• The firmer stance on EU tariffs compared to the more appeasing extension for Canada and Mexico weighs on the single currency in recent trade, with EURUSD slipping from key resistance around 1.0530 to 1.0495 at typing.
• EURCAD sharply lower on the contradictory sentiment, trading the entire day's range in quick fashion, from 1.5095 to 1.5026 lows.

• USDCAD sees some volatility on latest Trump tariff deliberations.
• It had started to settle around 1.4320 for a 35 pip drop (although initially as low as 1.4300) on Trump saying Canada and Mexico tariffs are to go into effect Apr 2, although has lifted a touch with proposed 25% tariffs on the EU.
• The April 2 date is a further kicking back of tariff deadlines that had already been pushed back to March dates, seemingly rolling it into the broader report due on reciprocal tariffs.
• The move unwinds most of the day’s climb, having earlier touched 1.4365 to push closer to resistance at 1.4380 (Feb 10 high).
• Support is still someway lower at 1.4151 (Feb 14 low).

A flurry of comments from US President Donald Trump hitting wires as he speaks with the press at a Cabinet meeting at the White House. 

• Elon Musk, opening the meeting, says he will send another email to federal workers seeking justification for their ongoing employment. Trump endorses Musk's statement saying he's, "not happy about federal workers who did not respond." The comments appear aimed at heading off reports of a rift between the Trump admin and Musk's Department of Government Efficiency.
• Trump says, "will be talking to cabinet secretaries to do their own dirge of federal workers." Echoing a recent memo issued by the White House OMB and Office of Personnel Management, he says staff needs to be reduced because we're "bloated" and "sloppy". See earlier bullet: US: OMB Sets Out Plans For Large-Scale Staff Cuts And Govt Reorganisation - BBG
• Trump says that on April 2, "tariffs will go on, not all but a lot of them" saying you're going to see "something amazing" and reiterating that his tariff regime is designed to reduce flows of fentanyl and restore "respect" for the US.
• Trump reiterates he has a "great relationship" with Chinese President Xi Jinping and says he wants US investment in China and Chinese investment in the US. 
• Trump says he wants his "gold card" for US citizenship to come into effect in "about two weeks".