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Markets have reacted to the prospect of new tariffs set for August 1, with crypto and equities experiencing heightened volatility. The post Bitcoin Crashes on Trump’s New Trade War Threat—August 1 Could Be the Day Everything Breaks appeared first on Cryptonews.

United States President Donald Trump said on Monday that he was slapping 25 per cent tariffs on Japan and South Korea, in his first letters to trading partners ahead of a deadline to reach a deal with Washington. Trump had said on the weekend that starting from today, he would send a first batch of up to 15 letters to countries informing them that he would reimpose harsh levies that he had postponed in April. In near-identically worded letters to the Japanese and South Korean leaders, Trump said the tariffs would apply from August 1 because their trading relationships with Washington were “unfortunately, far from reciprocal”. Trump warned the countries, both key US allies in East Asia, of an escalation if they responded to the new US tariffs. But he also said he was ready to modify levies “downwards” if Japan and South Korea changed their trade policies. Later, Trump also announced the US will impose 25pc tariffs on Malaysia and Kazakhstan, 30pc on South Africa and 40pc on Laos and Myanmar in letters posted o...

De VS stellen aangekondigde heffingen uit, terwijl president Trump weer klaagde dat zijn land ‘oneerlijk’ wordt behandeld. Volgens Brussel zijn de EU en de VS in de buurt van een ‘raamwerk’ voor een akkoord.

De 56-jarige hedgefondseigenaar profiteert flink van de onrust die Trump op de markten creëert.

Brics leaders at a summit on Sunday took aim at US President Donald Trump’s “indiscriminate” import tariffs and recent Israeli-US strikes on Iran. The 11 emerging nations — including Brazil, Russia, India, China and South Africa — account for about half the world’s population and 40 per cent of global economic output. The bloc is divided about much, but found common cause when it comes to the mercurial US leader and his stop-start tariff wars — even if it avoided naming him directly. Voicing “serious concerns about the rise of unilateral tariff” measures, Brics members said the tariffs risked hurting the global economy, according to a summit joint statement. Trump fired back at the bloc directly on social media on Sunday night. “Any country aligning themselves with the Anti-American policies of Brics will be charged an additional 10 per cent Tariff. There will be no exceptions to this policy,” Trump wrote on his Truth Social platform. Earlier, Brics also offered symbolic backing to fellow member Iran, condemn...

Het gaat om wat de president ‘wederkerige’ tarieven noemt. De percentages zijn in lijn met de heffingen die Trump aankondigde toen hij in april met een tarievenkaart in de tuin van het Witte Huis een handelsoorlog aftrapte.

JERUSALEM, July 6: Israel’s Prime Minister Benjamin Netanyahu said he believed his discussions with U.S. President Donald Trump on Monday would help advance talks on a Gaza hostage release and ceasefire deal that Israeli negotiators resumed in Qatar on Sunday. Israeli negotiators taking part in the ceasefire talks have clear instructions to achieve a ceasefire […]

Netanyahu and Trump will meet in Washington for the third time over the past six months, though the meeting is not expected to be open to the press

• Declares America is ‘winning, winning, winning like never before’ • Democrats worry ‘big beautiful bill’ will slash health, welfare support • New legislation poised to add $3.4tr to US deficit over 10 years WASHINGTON: US President Donald Trump signed his flagship tax and spending bill into law, capping a grandiose White House Independence Day ceremony featuring a stealth bomber fly-by. “America is winning, winning, winning like never before,” Trump said before signing the so-called “One Big Beautiful Bill” on Friday, flanked by Republican lawmakers who helped push it through Congress. Trump also played down criticism by Democrats that the unpopular legislation will slash social welfare programmes, saying: “You won’t even notice it.” With First Lady Melania Trump at his side, Trump watched from the White House balcony as two B-2 bombers — the same type that recently struck Iranian nuclear sites — roared overhead, accompanied by F-35 and F-22 fighter jets. The 79-year-old’s victory lap came a day after Repub...

Independence Day becomes monument to plutocracy as Trump’s bill wages war on the poor, planet and future

Move comes after billionaire clashed with Trump over "big, beautiful" tax bill

US President Donald Trump said on Friday that he had signed 12 trade letters to be sent out next week ahead of an impending deadline for his tariffs to take effect. “I signed some letters and they’ll go out on Monday, probably 12,” Trump told reporters aboard Air Force One, adding that the countries to which the letters would be sent will be announced on the same day. His comments come days before steeper duties — which the president said on Thursday would range between 10 and 70 per cent — are set to take effect on dozens of economies, from Taiwan to the European Union. The tariffs were part of a broader announcement in April where Trump imposed a 10pc duty on goods from almost all trading partners, with a plan to step up these rates for a select group within days. But he swiftly paused the hikes until July 9, allowing for trade talks to take place. With less than a week to go before July 9, Pakistan and the United States concluded a critical round of trade negotiations yesterday, reaching an understanding o...

Over 70% of US crypto investors approve of President Donald Trump’s administration’s approach to crypto policy, according to a recent survey conducted by research firm HarrisX.  HarrisX polled 1,096 adults online from June 18 to June 19, including 230 self-identified crypto investors. Among that cohort, 81% said they follow the administration’s crypto actions, 73% approved of the […] The post Investor poll shows 73% approval for Trump’s crypto policy, bullish views on prices increase appeared first on CryptoSlate.

Congress passed the Big Beautiful Bill, Trump’s budget proposal, which could benefit Bitcoin, analysts say. On July 3, the US Congress passed into law the One Big Beautiful Bill Act. President Donald Trump’s bill offers little to the crypto industry, but it could benefit Bitcoin all the same. Trump’s budget proposal passed in the late hours of July 3 entirely along partisan lines; only two Republicans voted against the controversial bill, which will significantly increase the US government’s borrowing ability. It has drawn significant criticism from Democrats and even from current and former Trump allies like Tesla CEO Elon Musk.  Notably absent from the bill were proposed amendments to the cryptocurrency tax code. As the bill worked through the Senate, lawmakers attempted to tack on a number of provisions regarding crypto, but to no avail. Read more

Bitcoin has historically posted double-digit gains in the weeks following the passage of major US debt-expanding bills. Will 2025 follow the same pattern? Key points: Bitcoin gained 38% when US President Trump signed a major spending bill in late 2020. Doing so again would put BTC/USD at $150,000 as Trump prepares to sign his “Big Beautiful Bill” into law. Read more

United States President Donald Trump’s signature tax and spending bill passed through Congress on Thursday, meaning it was ready to be signed into law by the 47th president. The Republican-controlled House of Representatives earlier launched a final yes-or-no vote on the ‘One Big, Beautiful Bill’ after the chamber’s top Democrat delayed action with a record-breaking speech that lasted more than eight hours. Republicans called the vote after a marathon overnight session in which they cleared a procedural hurdle, setting the stage for final passage. “Now we are finally ready to fulfil our promise to the American people,” House Speaker Mike Johnson said on the House floor. Republicans control the chamber 220-212 and can afford to lose no more than three votes from their side. The bill would extend Trump’s 2017 tax cuts, cut healthcare and food safety net programmes, fund the president’s immigration crackdown and eliminate many green-energy incentives. It also includes a $5 trillion increase in the nation’s debt ...

Prompted by Trump envoy Steve Witkoff, Alexander told Trump his treatment improved after his election win. He later said he urged the president to pursue a comprehensive deal to free all hostages held in Gaza

Benjamin Netanyahu and Donald Trump both stand to gain from a side-by-side Oval Office appearance. As Trump eyes a Gaza cease-fire to cement his Middle East legacy, Netanyahu's political future, and the war's end, hang in the balance

Russian President Vladimir Putin told United States President Donald Trump in a phone call on Thursday that Moscow wants a negotiated end to the Ukraine war, but will not step back from its original goals, a Kremlin aide said. In a wide-ranging conversation that also covered Iran and the Middle East, Trump “again raised the issue of an early end to military action” in Ukraine, the aide, Yuri Ushakov, told reporters. “Vladimir Putin, for his part, noted that we continue to seek a political and negotiated solution to the conflict,” Ushakov said. Putin briefed Trump on the implementation of agreements reached between Russia and Ukraine last month to exchange prisoners-of-war and dead soldiers, Ushakov said, and told him that Moscow was ready to continue negotiations with Kyiv. “Our president also said that Russia will achieve the goals it has set: that is, the elimination of the well-known root causes that led to the current state of affairs, to the current acute confrontation, and Russia will not back down from...

President Donald Trump’s signature tax and spending bill was in limbo early Thursday as Republican leaders in the US Congress scrambled to win over a group of rebels threatening to torpedo the centrepiece of the president’s domestic agenda. Trump is seeking final approval in the House of Representatives for his Senate-passed “One Big Beautiful Bill” — but faces opposition on all sides of his fractious party over provisions set to balloon the national debt while launching a historic assault on the social safety net. As midnight (9am PKT) struck, House Speaker Mike Johnson was still holding open a key procedural vote — the bill’s last hurdle before it can advance to be considered for final approval — more than two hours after it was first called. With no clear sign of the stalemate breaking, his lieutenants huddled in tense meetings behind the scenes with the rebels who had either voted no or had yet to come to the House floor. “We’re going to get there tonight. We’re working on it and very, very positive about...