BOK: EXPECT 2026 GROWTH TO FALL SHORT OF 2.0% FEBRUARY FORECAST

President Trump rejected the Pentagon's portrayal of China as America's top security threat during briefings on the National Defense Strategy last fall. He ordered a rewrite, and the final document, released in January, shifted to a more conciliatory tone, stating Trump “seeks a stable peace, fair trade, and respectful relations with China.” This marks a dramatic reversal from his first term's aggressive stance, which included trade tariffs and sanctions. In essence, Trump 2.0 is adopting a “Don’t rock the boat” approach, prioritizing stability over aggressive moves.

HASSETT: ASIA FEELING REAL PAIN BECAUSE THEY ARE RUNNING OUT OF OIL