Gold prices fell in anticipation of Monday’s clarification from the White House on excluding gold from tariffs.
tariffs
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Key Takeaways Trump’s administration implemented reciprocal tariffs with rates varying by country, impacting trade with major partners. A new 40% transshipment tariff and suspension of duty-free de minimis imports are…
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“Reciprocal” levies are due to kick in Aug. 7 — with some exceptions.
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The world will move on without the U.S. at the center, and Americans’ living standards will suffer.
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Stocks
Fed’s Williams says tariffs are pushing up inflation, and he expects even higher prices in coming months
Higher tariffs put in place by the Trump White House this year have started to increase inflation, and these effects are likely to increase in the coming months, New York…
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wildpixel President Donald Trump on Saturday said that the goods imported from the European Union and Mexico will face 30% tariffs in the U.S. from August 1. Posting his latest…
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CarMax’s stock surges, as used-vehicle sales rise at the fastest rate in nearly four years.
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Smith & Wesson faced lower sales and lower production volumes in recent months, and said inflation and tariff uncertainty also did not help.
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Crypto Currency
China’s Bitcoin Mining Giants Quietly Shift Production to U.S. Amid Tariffs and Security Heat
Key Takeaways: Over 90% of global bitcoin mining hardware is built by three Chinese firms: Bitmain, Canaan, and MicroBT. All three are now manufacturing in the U.S. to sidestep Trump-era…
