1. President Trump has increased his tariff rhetoric, indicating the possibility of harsher tariffs in the near future. 2. Treasury Secretary Scott Bessent is reported to favor a 2.5% universal tariff rate on U.S. imports, which Trump wants to be 'much bigger'. 3. Trump plans to impose tariffs on various products, including steel, aluminum, and pharmaceuticals, to bring production back to the U.S.
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