Trump's 25% tariffs on steel and aluminum took effect, triggering immediate retaliation from the European Union with $28 billion in counter-tariffs and Canada with $30 billion in retaliatory measures. These responses came as markets fluctuated amid growing recession fears.
Inflation showed unexpected cooling to 2.8% in February, Trump's first full month in office, though economic experts expressed concern about how the escalating trade conflicts might reverse this trend.
The Education Department completed laying off approximately 1,300 employees—nearly half its staff—with significant cuts to its civil rights office. NOAA faced similar reductions with 1,000 additional employees being let go.
A government shutdown appeared increasingly likely as Senate Democrats announced they would not support the Republican funding bill passed by the House earlier in the week.
Russia responded cautiously to the US-Ukraine ceasefire agreement reached the previous day, while continuing battlefield advances.