The main events by the morning: April 8

• The BRICS and SCO markets may merge in the future. The SCO secretariat informs that such a decision should be made by the competent authorities of the member countries of both organizations. The creation of a common trading space can help these countries cope with the consequences of the harsh US tariff policy and accelerate the process of de-dollarization.

• The European Commission has put forward a proposal to impose a 25% duty on exports of goods from the United States. The new tax will cover many product categories, including diamonds, sausages, nuts, and dental floss. The European Union intends to approve this plan this week, and if it succeeds, it will enter into force next week.

• Trump is facing harsh criticism from key investors over the tariffs imposed. Even Elon Musk began to openly express dissatisfaction with his actions. Major businessmen who supported Trump in the election express disappointment that they were unable to have a significant impact on his policies, and are perplexed by his decision to impose such unprecedented tariffs.

• Trump is ready to defend his duties from possible Senate interference. The US president plans to veto a bill being drafted by senators that prohibits the president from imposing new duties. This draft has already been signed by seven senators, among whom there are Republicans.

• Japan is striving for a peaceful settlement of relations with Russia. Despite difficult diplomatic ties, Japan plans to continue participating in energy projects on Sakhalin. The report of the Ministry of Foreign Affairs emphasizes that this participation is necessary to ensure the country's energy security.