Trump: Will impose a 10% global tariff on top of existing tariffs; interest rates should be significantly reduced.

PANews reported on February 21 that, according to Jinshi News, US President Trump stated that all national security tariffs, Section 232 tariffs, and existing Section 301 tariffs remain in effect and fully operational. "Today, I will sign an order imposing an additional 10% global tariff on top of the normal tariffs we have already imposed, pursuant to Section 122, for a period of 150 days. We will also initiate several Section 301 investigations and other investigations to protect our nation from unfair trade practices." Trump also indicated that the 10% tariff policy is expected to take effect "in about three days." Furthermore, when mentioning the nominee for Federal Reserve Chairman, Trump reiterated that interest rates should be significantly lowered.