For the time being, the topic

For the time being, the topic of the market will inevitably become tariffs. I saw some people say that Canada and Mexico hit 25% tariffs, but China added 10% and they imposed it lower on China for fear of inflation because the U.S. imports a lot from China. No. Existing tariffs on China vary from 10-110%, but they're currently averaging around 25%, so they went up an additional 10% to 35%. There are some people who misunderstand...

This tariff measure is a precision strike on China's bypass export base. Taking advantage of the tax free between North Korea and the U.S. due to the NAFTA agreement, we and China built a lot of factories in these two countries. Now that we've imposed tariffs on two of China's main bypass exporters, we expect that the next target will be Southeast Asia rather than Europe. Then it's going to be us and Europe. The main purpose of the tariff is to eliminate China. And I think the scenario will proceed in sequence that we will pass on taxes abroad, not at home, to raise insufficient funds before proceeding with tax cuts.

After all, the side effect of imposing tariffs is inflation, and each country will depreciate the exchange rate to dilute the damage caused by tariffs. Then, I'm concerned about the excessive strength of the dollar. So, as soon as Treasury Secretary Bessent takes office, having a video call with Japan's financial performance and Trump's first overseas summit with Japan may be talking about the Plaza Accord, which prevents the yen from weakening and encourages the yen to strengthen. In the end, excessive strengthening of the dollar is expected to be tariffs, so we will have to forcefully prevent this. I'm also thinking of a second Plaza Accord, or Mar-a-Lago Accord.

The final imposition of tariffs will eventually be in late April or May when the review of the America First Trade Policy ends. Until then, tariffs will continue to influence the market. Countries have been talking about tariffs even before Trump became president, so they've decided whether to retaliate or accept it. We may have prepared this in the absence of a control tower... Anyway, each country's response will be best if it's Tic-for-Tat from game theory. Retaliation sounds like a word we'll see a lot of in the future as well as in tariffs. It's probably our place that becomes empty with impeachment, ideology and gender...