In a series of statements, President Trump declared that the U.S. will soon impose new tariff rates unilaterally on a broad array of countries, bypassing traditional negotiation protocols. He emphasized a looming deadline for 150 nations to reach trade agreements or face higher tariffs. The President also reaffirmed a baseline 10% tariff that will be maintained regardless of trade deals, with some countries potentially facing steeper rates. The administration plans to send out notifications outlining these new rates in the next two to three weeks, signaling a significant shift in U.S. trade policy. Stock markets reacted to these developments with the Dow opening lower amidst concerns over the impacts of the new tariffs.