For another TACO transaction, Trump will give a deadline for quotation. Last Friday, Trump threatened to impose 50% tariff on steel. Yesterday, the US stock futures market opened weakly, and another wave of emergency rescue was launched: 1) Besent said, 'US Treasury bonds never default'; 2) At 1am, the White House press secretary said that China and the United States "may" have a phone call this week, but there is no guarantee that they will definitely have a phone call; 3) Federal Reserve Governor Waller, who is very eager to make progress, said that the Trump administration's tariffs may temporarily push up price pressure, and there is still a possibility of interest rate cuts later this year. These comments have boosted the market sentiment in the short term, and another news is not worth paying more attention: Reuters reported that Trump asked sub countries participating in the high-level tariff negotiations to submit the "best offer" before this Wednesday. It's actually a list: What products are you willing to lower tariffs on for the United States? How many American industrial and agricultural products should I buy? Are there any additional market restrictions that you are willing to lift? How far can sensitive topics such as digital trade and economic security be discussed? Even each country may receive different versions of 'exclusive questions'. On the US side, a 'landing plan' will be provided within a few days after receiving the offer. Just like last week when Trump threatened to impose tariffs on the EU, I talked about Trump's anxiety. He didn't want to wait or slow down any longer, and began to promote the status of your bid and my assessment as soon as possible. It is likely that the EU, Japan, India, Vietnam and other countries that have recently engaged in intensive negotiations with the United States will receive letters. Trump does not want to return to the tough tariff parity in 4.2 from the perspective of willingness. The core is to see whether the best quotations submitted by countries can satisfy the appetite of Trump's team. Another unexpected point is whether countries still want to delay and wait until the final ruling of the last federal circuit court on June 9th (whether to suspend the ban of the International Trade Court for a long time) before quoting.