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U.S. Treasury Secretary: Will Announce Several Trade-Related Updates in the Next 48 Hours

7 hours ago

On July 7th, U.S. Treasury Secretary Yellen said that several trade-related announcements will be made in the next 48 hours. (FX168)
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The US will impose a 40% tariff on Myanmar and a 40% tariff on Laos

On July 8th, President Trump of the U.S. stated that the U.S. will impose a 40% tariff on Myanmar and a 40% tariff on Laos.

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The United States will impose a 25% tariff on Malaysia and a 25% tariff on Kazakhstan.

On July 8th, President Trump of the United States announced that the U.S. will impose a 25% tariff on Malaysia. Additionally, a 25% tariff will be imposed on Kazakhstan. Furthermore, a 30% tariff will be imposed on South Africa. (FX678)

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The SEC Delays Approval of Fidelity's Physical Solana ETF

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On July 8th, the US SEC has verified the receipt of Truth Social's application for a spot Bitcoin and Ethereum ETF.

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White House: Near Agreement on Other Trade Deals

On July 8th, the White House of the United States stated that "We are on the verge of reaching an agreement on other trade matters." Trump is committed to ensuring that the United States is treated equitably. Twelve other countries will receive letters regarding trade, and the contents of these letters will be published on the "True Social" social media platform. In addition to these 12 countries, the United States will issue more letters. Countries will treat the tariff letters with great seriousness. (Golden Ten)

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Goldman Sachs: Fed May Cut Rates Earlier

July 8th: Goldman Sachs stated that the Federal Reserve might cut interest rates in September. Owing to the weakened impact of tariffs and the declining inflation, the Federal Reserve might cut interest rates earlier than anticipated. The terminal interest rate range for the Federal Reserve is projected to be 3.00 - 3.25%, which was previously expected to be 3.50% - 3.75%. (FXStreet)

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