The United States is going to impose a 100% duty on imports of Chinese electric vehicles and increase tariffs on Chinese steel and aluminum. Earlier, Washington criticized China for excessive production capacity and called on Beijing to adjust the pace of production. Otherwise, overstocking of the markets may occur.

Capital outflow from Russia in the first quarter amounted to $28 billion, which significantly exceeds the inflow. Experts attribute this situation to difficulties in obtaining foreign exchange earnings and the separation of large Russian companies that create separate legal entities to continue business.

Microsoft has unblocked updates for Russian users. The American company has returned access to Windows and Office updates in the Russian Federation without using VPN services. Also, Microsoft still does not block cloud products for Russian IT companies, although it promised to do so on March 20. 

The budget of the Russian Federation has already earned 1 trillion rubles on labeling of goods. Such an amount was saved for the relatively short existence of the label – since 2019. Excisable products make the largest contribution to the total share. 

The United States has not identified violations of international law by Israel in the Gaza Strip. Secretary Blinken said that the Biden administration continues to analyze numerous episodes of military operations in the region, but in a recent report to Congress there were no accusations against Israel that could require the suspension of military assistance.

The forecast for the wheat harvest in Russia has been lowered. According to the forecast of the SovEcon agency, the wheat harvest in Russia in 2024 will be 3.4 million tons lower due to lack of precipitation, especially in the south of the country.