The United States is set to launch a new import tariff arrangement at 12:01 p.m. Eastern Time on Friday, with rates ranging from 10% to 12.5% and applying to roughly 60 economies, according to BlockBeats. At the same time, geopolitical risks intensified after Donald Trump said he is “seriously considering” restarting large-scale military action against Iran and is close to making a decision. He also said Iran wants negotiations but is not ready, adding that if the Houthis attack ships again, the U.S. will hold Iran responsible. The report also said the U.S. has deployed B-1 bombers and escalated attacks on Iran. Market data cited by BlockBeats showed U.S. stocks closed lower on Thursday, with the Dow down 0.97%, the S&P 500 off 1.2%, and the Nasdaq falling 2.15%, led by a pullback in major tech names. Bitcoin was quoted at $65,190 on HTX, down 1.05% over 24 hours. Oil prices jumped sharply on July 23, with WTI for September delivery rising 6.17% to $92.19 a barrel and Brent for September delivery climbing 7.04% to $100.69, the first close above $100 since May.
BlockBeats reported on July 24 that the United States will launch a new import tariff arrangement at 12:01 p.m. Eastern Time on Friday. The tariff rates will range from 10% to 12.5% and will apply to about 60 economies.
At the same time, tensions around Iran have worsened. Trump said he is “seriously considering” restarting large-scale military action against Iran and is close to making a decision. He also said Iran wants negotiations, but “Iran is not ready yet, and they have not suffered enough.” Trump added that if the Houthis attack ships again, the United States will hold Iran responsible. The report also said the U.S. has deployed B-1 bombers and escalated attacks on Iran.
U.S. stocks closed lower on Thursday
According to market data from BIT (bit.com), U.S. equities ended Thursday in the red. The Dow Jones Industrial Average fell 0.97%, the S&P 500 dropped 1.2%, and the Nasdaq slid 2.15%.
Among individual names, Micron Technology (MU.O) rose 3%, SK Hynix (SKHY.O) gained 2.5%, Alphabet (GOOG.O) fell 7%, Tesla (TSLA.O) tumbled 14.5%, and SpaceX (SPCX.O) rose more than 2%.
Bitcoin edged lower as oil surged
According to HTX market data, Bitcoin was quoted at $65,190, down 1.05% over the past 24 hours.
International oil prices surged on July 23. By the close, light crude futures for September delivery on the New York Mercantile Exchange had risen $5.36 to settle at $92.19 a barrel, up 6.17%. Brent crude futures for September delivery in London climbed $6.62 to $100.69 a barrel, a gain of 7.04%, marking the first close above $100 since May.
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