What has Trump been busy with in the past 24 hours?
1. Impose a 50% tariff on imported semi-finished copper, but exempt refined copper, etc.
2. Dissatisfied with India buying Russian military equipment and energy, will impose a 25% tariff and fines on India - US President Trump stated on social media that starting August 1, India will pay a 25% tariff. Trump pointed out that India has always bought the vast majority of military equipment from Russia and is the largest buyer of energy from Russia, so fines will be imposed on India.
3. Announce a trade agreement reached with South Korea: 15% tariff + provide $350 billion investment - Trump: Reached a comprehensive trade agreement with South Korea, will impose a 15% tariff on South Korea, South Korea will pay $350 billion in investment and purchase $100 billion worth of energy products.
4. Impose a 50% tariff on Brazil effective 7 days later - The White House stated that US President Trump signed an executive order to impose a 40% tariff on Brazil, bringing the total tariff rate to 50%, excluding some pulp and petroleum products, some fertilizers, energy and energy products, pig iron, and precious metals. The new tariffs will take effect in 7 days.
5. Further pressure on countries that have not reached a trade agreement will impose higher tariffs - White House officials stated that Trump will sign an executive order on July 31 local time to implement higher tariff rates on several countries that have not reached a trade agreement before the deadline of August 1. This may include Canada, Mexico, etc.
6. Sign an executive order to terminate the tax-free policy for small packages in advance.
7. The tariff deadline is as solid as a rock and will not be extended - US President Trump stated on social media: "The August 1 deadline is the August 1 deadline - this is as solid as a rock, and will not be extended."
8. Cheer for Q2 economy and call on the Fed to cut interest rates - Trump stated on social media: "Just released Q2 GDP, 3%, much better than expected! 'Too late sir' must now lower rates. No inflation!" Later, the Fed kept interest rates unchanged, and Trump reiterated, "I heard that the Fed will cut rates in September, high rates are hurting Americans."
9. Cooperate with Pakistan to develop oil or sell to India - US President Trump: Reached an agreement with Pakistan to cooperate in developing its vast oil reserves. We are selecting the oil company that will lead this partnership, and may one day sell oil to India!
10. Using emergency powers as a normal practice facing court review - According to the Wall Street Journal, since the start of the second term, US President Trump has announced in dozens of presidential documents that the US faces emergencies and he needs to take special actions bypassing normal government procedures, but these measures have led to many lawsuits.
11. The White House releases a report on digital assets, no substantial updates on Bitcoin reserve plans.
12. Confirmed attendance at the ASEAN Summit in October.
13. Insider: Trump plans to host the G20 Summit next year at his vacation resort in Florida.
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