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Global Daily: The autopen and the sword

18 March 2025 5:45 RaboResearch

This week already saw President Trump announce that as President Biden used an autopen on controversial blanket pardons, these are now void. That starts a political firestorm, could prompt an investigation into the process around those pardons and, again, may end up with the Supreme Court. But from the autopen to the sword – which remains pointed at markets. Trump has also warned Iran any further attacks by the Houthis could mean attacks on it too. Indeed, there are now unconfirmed reports three US carrier strike groups and up to 35 ships in total are heading to the Middle East.

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Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more