One week out from US ‘Liberation Day’ and Burundi Accuses Rwanda of Attack Plot

Andrew Sheves

Good morning.

Next Wednesday is ‘Liberation Day’: the day when the off-again, on-again US tariffs are imposed across the board but the administration continues to change and adjust what is or is not potentially being targeted so this Bloomberg tracker is very useful. Meanwhile, in addition to the complexities of reciprocal tariffs, President Trump is also threatening ‘secondary tariffs’.

🚢 Secondary Tariffs: Trump’s New Trade Weapon

President Trump introduced “secondary tariffs” on countries buying Venezuelan oil, threatening 25% penalties on US trade with nations that purchase petroleum from the Latin American country. The unprecedented move combines elements of traditional tariffs with secondary sanctions, giving Secretary of State Rubio discretion to implement the penalties starting April 2. The order specifically mentions potential application to China, Hong Kong and Macau, signaling Trump’s preference for tariffs over financial sanctions which he believes could harm the dollar. More - Bloomberg

🇧🇮 Burundi Accuses Rwanda of Attack Plot

Burundi’s President Ndayishimiye accused Rwanda of planning to attack his country and supporting rebel groups, citing “credible intelligence” in an exclusive BBC interview. He alleged Rwanda organized a 2015 coup attempt against Burundi and currently supports the Red Tabara rebels in a strategy similar to Rwanda’s backing of M23 forces in eastern DR Congo. Rwanda dismissed the accusations as “surprising,” insisting the neighbors are cooperating on border security despite their year-long closed frontier. Ndayishimiye stressed Burundi’s preference for dialogue while warning they “will not sit idle if attacked.” More - BBC

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Americas Stability Ratings and News Summary

More Unstable

🇦🇷 Argentina, 🇧🇿 Belize, 🇧🇴 Bolivia, 🇧🇷 Brazil, 🇨🇦 Canada, 🇨🇱 Chile, 🇨🇴 Colombia, 🇨🇷 Costa Rica, 🇨🇺 Cuba, 🇩🇴 Dominican Republic, 🇪🇨 Ecuador, 🇸🇻 El Salvador, 🇬🇹 Guatemala, 🇭🇹 Haiti, 🇭🇳 Hond

Carpe tomorrow!