This week, the market is expected to return to the game of tariffs and monetary policy. The average tariff for the United States in 2024 is 2.5%, and there were rumors over the weekend that some countries' equivalent tariffs would be based on 10%, with a minimum of 20% added up, which is 8 times higher than last year. The tariffs on Japan and South Korea are set at 25%, slightly higher by 5%, but with room for negotiation. It is expected that the bottom line of the United States will be 15%, and may gradually decrease from 20%. The EU has stated that negotiations are possible, with an expected minimum of 20%. China's tariffs are the most difficult to determine, and after the announcement, the market fluctuated, with US bond yields (20- and 30-year terms) exceeding 4.9%, intensifying pressure on Trump. Federal Reserve Chairman Powell may not cooperate, and Trump may accelerate the nomination of a new chairman. The new chairman is expected to cut interest rates and make stabilizing remarks. If elected from the current board of directors, Trump may strive for more seats on the board.