⚡️ Trump's first wave of tariff letters designated new tax rates for Japan, South Korea, and 14 other countries, effective August 1. It's the same formula, just switching targets to exert pressure —

This time the main focus is on Japan and South Korea, telling them they can continue to work on chips and cars, but it's time to pay the protection fee.

When it gets tough, start with allies; these two little brothers now have the mission of making America great again!

The tax rate is just a number, lacking credibility; it's purely a probe into each country's bottom line. If talks don't go well by August 1, it will be postponed again.

Now, the understanding king's three-pronged policy has basically taken shape —

1⃣ Why rush to raise tariffs globally? To increase fiscal revenue.

2⃣ Why repeatedly pressure Powell to cut interest rates? To lower U.S. debt interest expenses.

3⃣ Why push the Big Beautiful Plan to slash welfare subsidies? To reduce fiscal spending.

However, the current capital market seems determined to bet on Trump's TACO; I personally feel the sentiment is a bit too one-sided. I'm not moving this month unless there’s an excellent opportunity!

A madman can win money, but only a rational person can survive until the end.