FameEX Morning Crypto News Recap | July 8, 2025
2025-07-08 03:06:58Trump Warns 10% Tariff for Countries Supporting Anti-American BRICS Policies
President Trump declared on social media that countries supporting anti-American BRICS policies will face an extra 10% tariff, emphasizing strict enforcement with no exceptions to the policy.
U.S. Announces 40% Tariff on Myanmar and Laos
President Trump announced the U.S. will impose 40% tariffs on both Myanmar.
EU-U.S. Tariff Talks Show Progress, Targeting Deal by July 9
An EU spokesperson confirmed solid progress in U.S. tariff trade talks, emphasizing continued efforts to finalize a principled agreement before the July 9 deadline, with both sides aiming to reach consensus in time.
Digital Asset Group Under Trump Set to Release Major Crypto Report by July 22
The Trump administration’s digital asset working group, led by David Sacks and Bo Hines, along with officials from the Treasury, Commerce, SEC, and CFTC, will submit its first crypto policy report by July 22, fulfilling the mandate of President Trump’s executive order issued in January.
Gold Falls to One-Week Low as Dollar Strengthens, Trade Talks in Spotlight
On Monday, gold prices slipped to a one-week low, driven by dollar strength. As the 90-day tariff pause approaches its end without a finalized deal, investor concerns over global trade contraction are growing, potentially offering future support to gold amid rising uncertainty and safe-haven demand.
New York Fed Report: Interest Rates Could Return to Near Zero in Coming Years
On July 8, the New York and San Francisco Feds released a report warning that despite current high borrowing costs, the Federal Reserve's interest rates could return to near-zero levels in the coming years due to growing economic uncertainty and long-term policy outlooks.
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