FameEX Morning Crypto News Recap | July 8, 2025
2025-07-08 03:08:02Trump Announces 10% Tariff for Nations Supporting BRICS Anti-U.S. Agenda
President Trump announced that any nation siding with the anti-American stance of BRICS will face an additional 10% tariff, firmly stating that no country will be exempt from this rule.
U.S. Imposes 40% Trade Tariff on Myanmar and Laos
Trump administration announces steep 40% tariffs on Myanmar.
Positive Momentum in EU-U.S. Tariff Negotiations Ahead of July 9 Deadline
An EU spokesperson said negotiations with the U.S. on a principled trade agreement are progressing well. The EU remains committed to advancing talks and aims to reach a final deal before the July 9 deadline.
Trump Administration to Submit Crucial Cryptocurrency Policy Report by July 22
The Trump administration’s digital asset working group, led by David Sacks, Bo Hines, and top officials from key federal agencies, plans to submit its first cryptocurrency policy report by July 22. The report supports implementing Trump’s January executive order on digital assets.
Stronger U.S. Dollar Pushes Gold Prices Down; Markets Eye Trade Negotiations
Gold prices dropped to a one-week low on Monday as a stronger dollar weighed on markets. Investors await clarity on trade talks before the tariff deadline. With no agreement reached, trade contraction concerns persist, which could ultimately support gold as a safe-haven asset amid uncertainty.
New York Fed Projects Interest Rates Could Decline Sharply in Coming Years
The New York and San Francisco Feds reported on July 8 that, despite current high short-term rates, the Federal Reserve may lower interest rates close to zero again in coming years. Rising economic uncertainty suggests a strong possibility of near-zero rates returning in the medium to long term.
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