#BinanceTurns8 Pre-Market Summary – 07/08: TRUMP ANNOUNCES NEW TARIFFS, BUT MARKETS UNFAZED?

EU Close to Agreement with U.S.

The European Union appears to be nearing a deal with the U.S., having not received a formal tariff hike letter from the Trump camp.

Japan Reacts Firmly to Tariff Threats

After receiving a tariff hike notice, Japan is engaging in intensive negotiations, aiming to protect its automotive industry at all costs.

UK Misses Deadline

The United Kingdom failed to meet the deadline for a steel and aluminum tariff agreement with the U.S.

Clean Energy Incentives Cut Back

Trump is limiting access to tax credits for clean energy projects. Stocks reacting negatively:

ENPH: -3.77%

SEDG: -7.87%

U.S. Small Business Sentiment Drops

The NFIB Small Business Optimism Index for June fell to 98.6 (previous: 98.8), missing expectations of 98.7.

Germany’s Trade Surplus Surges

In May, Germany’s trade surplus jumped to €18.4 billion, beating forecasts (€15.5B) due to a sharp 3.3% MoM drop in imports.

U.S. Futures Snapshot

S&P 500: +0.12%

Nasdaq: +0.3%

Gold: -0.39%

Oil: -0.35%

U.S. 10Y Treasury Yield: +28bps