Gold hovered near $3,350, supported by safe-haven demand following the new tariffs. The EU and Mexico criticized the move but delayed countermeasures to allow more talks.

Bitcoin surged past $122,000, hitting a record high. The rally was fueled by institutional demand and optimism over Trump’s crypto-friendly stance. Bitcoin is up 22% this year.

The yen strengthened to 147 per dollar as trade tensions escalated. Japan’s PM Ishiba called for reducing US reliance, while a think tank warned of a 0.8% GDP hit in 2025.

Brent crude rose to $70.4 amid concerns over new US sanctions on Russia. Trump plans a statement on Russia, while the US may send more arms to Ukraine via NATO.

US stock futures declined after the 30% tariff announcement. Markets await US inflation data and earnings from JPMorgan and Netflix. Trump adviser Hassett suggested Powell could be dismissed.

The offshore yuan held near 7.17, supported by strong Chinese trade data. Exports rose 5.8% in June, imports 1.1%, and China’s trade surplus reached $114.77 billion. China and ASEAN plan to upgrade their free trade deal in October.