What has Trump been busy with in the past 24 hours?
1. Announcement of tariff "barrage": involving drugs, trucks, and furniture up to 100% - Trump announced that starting October 1st, a 25% tariff will be imposed on all imported heavy trucks, a 50% tariff on kitchen cabinets, bathroom vanities, and related products, a 30% tariff on upholstered furniture, and a 100% tariff on drugs from companies that have not started construction of drug factories in the United States.
2. Proposed restrictions on the import of overseas chips require chip companies to have "equivalent production capacity" - The Trump administration is brewing a new policy that requires chip companies to maintain a "1:1" ratio between their production capacity in the United States and their overseas import volume, and those that do not meet the standards will be subject to tariffs.
3. Qualify South Korea's $350 billion investment in the United States as a "prepayment" - The $350 billion investment in the United States has always been a key issue in the South Korea-U.S. trade agreement. As the differences continue, Trump stated on the 25th that "South Korea's $350 billion investment is a prepayment." Analysis suggests that classifying the funds as a "prepayment" implies that South Korea's investment execution should precede the measures of tariff reduction in the United States.
4. Praising great economic data and criticizing high interest rates again - Trump: Great economic data was released today, we have succeeded, but interest rates are too high! If it weren't for Powell, the current interest rate should be 2%, and we are working towards a balanced budget.
5. Pressuring Turkey to abandon Russian oil purchases implies selling F-35 jets to Turkey - Trump met with Turkish President Erdogan at the White House on the 25th, urging Turkey to stop buying Russian oil and hinting that the ban on Turkey buying American F-35 jets may be lifted. According to Erdogan, one of the focuses of the meeting was to buy F-35 jets and 40 F-16 jets.
6. Suddenly recalling hundreds of senior US military generals, Trump responds - US Secretary of Defense Hagelas gathered all senior US military generals worldwide for a meeting next week, for reasons unknown. Trump responded: "It's nothing, don't blow it up into a big news story."
7. FBI former director faces criminal charges in escalated purge action - The US Department of Justice on Thursday filed criminal charges against former FBI director James Comey, who was in charge of the "Russian gate" investigation, marking a dramatic escalation of Trump's retaliatory actions against political enemies.
8. Plan to subsidize US farmers affected by tariffs with tariff revenue - Trump stated that the government will use funds collected from tariffs to help struggling American farmers who have been severely affected by his trade policies.
9. Restoring death penalty sentences in Washington D.C. - US President Trump signed a presidential memorandum to reinstate death penalty sentences in Washington D.C. Trump told reporters that if someone commits murder, even killing a police officer or law enforcement agent, they will be sentenced to death.
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