Donald Trump announced that tariffs of up to 70% may come into effect on August 1 for countries that have not signed deals by July 9 — letters with new tariffs ranging from 10% to 70% will be released now.
Market reaction: global stocks slightly declined, S&P 500 and Nasdaq futures are under pressure, the dollar remains weak amid uncertainty.
Crypto responds with growth: Bitcoin surged by ~0.8% to $108.9 K, Ethereum +1.9% — investors are focusing on safe assets, moving away from stocks and reassessing risks.
