š Brazilās President Lula da Silva plans to meet with BRICS leaders, starting with India and China, to discuss a potential joint response to US tariffs, according to RTRS.
š² The US dollar is likely to continue its decline, as it remains in a long-term downtrend. Amid concerns over the growing US budget deficit, investors are diversifying their investments into other regions. The US Dollar declines to 98.00.
šŗšø According to the US Treasury Department, US tariff revenues have surged to a record $29.6 billion. Trump calls today a "great day" as new tariffs on imports from 60 countries take effect.
šØš³ Chinaās exports in July exceeded expectations, rising by over 7%, while imports saw the most significant jump in a year, according to CNBC. USDCNH declines to 7.18.
š Apple plans to hire 20,000 employees in the US and invest $600 billion over the next four years, allowing it to avoid additional US tariffs on India. APPLE shares rose by +6%.