U.S. Treasury Secretary Yellen stated that countries without an agreement will face tariffs starting August 1, but denied that the date is a "hard deadline."

By: theblockbeats.news|2025/07/07 00:06:49

BlockBeats News, July 7th. On Sunday, U.S. Treasury Secretary Janet Yellen stated that for countries that did not reach a trade agreement with the Trump administration, the tariffs announced in April this year will be reinstated on August 1st. Yellen said, "President Trump will send a letter to some of our trading partners saying that if you don't take action, then on August 1st, your tariffs will return to the level of April 2nd." He said that on August 1st, countries that have not reached an agreement will "receive a letter." Yellen rejected the idea that August 1st is another deadline for new tariffs, but the date in August can still give trading partners more time to renegotiate tariff rates.

Yellen said, "What we're saying is, when things happen, if you want to speed up, then hurry up, if you want to go back to the original tax rate, that's your choice." In April this year, Trump announced a suspension of high tariffs imposed on most major trading partners for 90 days. The tariff suspension order will expire on Wednesday, July 9th. (CNBC)

WEEX Labs has officially launched the preliminary round of its global AI trading hackathon, AI Wars: WEEX Alpha Awakens, bringing together hundreds of elite teams to compete in real-market conditions. With a record-breaking $1.88 million prize pool and backing from top-tier sponsors like AWS, the event has quickly become a global proving ground for AI-powered trading strategies. As competition intensifies and standout teams emerge on the leaderboard, the hackathon not only showcases cutting-edge AI execution and risk management, but also offers valuable insights and inspiration for traders looking to build or refine their own AI-driven systems.

WEEX P2P now supports Polish zloty (PLN)—new users and merchant rewards

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Polish Zloty (PLN) is now available on WEEX P2P!

Layoffs of 30%, But Spending $250 Million to Buy a Company - What Is Polygon Thinking?

Seemingly contradictory move, Polygon's withdrawal from the L2 battlefield is actually a strategic shift to bet on stablecoin payments.

Sentient Reveals Tokenomics, How Will the Market Price It?

343 billion SENT, with over 60% allocated to the community and ecosystem, team and investor holdings locked long-term, probability of FDV exceeding $6 billion over 80%.

AI in the Crypto Market: How Artificial Intelligence is Changing Trading Strategies

This article explores how AI contributes to these movements and share practical strategies to help you navigate an AI-powered crypto market.

Yen Weakness Nears Inflation Red Line: Bank of Japan May Be Forced to Hike Early

As the yen falls to an 18-month low, central bank officials are starting to worry that the exchange rate will boost inflation and may accelerate the pace of interest rate hikes.

Cross-chain Collaboration: Tom Lee Invests $200 Million, Joins Forces with Global Top Streamer Mr. Beast

BitMine Invests $200 Million in Beast Industries, Recognizing its Potential to Expand Global Traffic On-ramps into Financial Infrastructure.

Interactive Brokers Integrates USDC, US Bank Questions Stablecoin, What's the Overseas Buzz?

What Have Foreigners Been Most Interested in Over the Last 24 Hours?

Trump Waves Hand, Stirs Venezuela's Game Hurricane

Cryptocurrency, a 25-year-old game about the survival and escape of Venezuelans

The Genius Stopping Law: Why Did Coinbase Backpedal at the Eleventh Hour?

The dilemma of regulation is that it seeks to delineate boundaries for insatiable desire.

Fact Check: How Much Money Did the University of Chicago Lose in its Crypto Investment?

Multiple sources indicate that the claim of the University of Chicago losing over $6 billion in a cryptocurrency investment is false, and the budget cuts stem from various factors such as leveraged expansion and debt pressure.

Rumor has it that Coinbase is set to acquire Farcaster, still an Acquihire.

Which Tokens Have Potential Upside

VanEck Q1 Market Outlook: Long-Term Bullish on Cryptocurrency, Strong Gold Demand

Monetary and Fiscal Policy Uncertainty is Decreasing, AI and Gold Price Adjustment are Creating Allocation Opportunities, while Cryptocurrencies Remain Bullish in the Long Term.

In the span of a week, what does Twitter's continuous updating on the Coin Circle Plate reform and Musk's intentions mean?

「Everything App」 Prototype Look

By seizing the first five seconds of Gold Dog, "Dry Sitting P Junior" earns $430,000 in 30 days.

Memecoin's New "Son of a Fork"

DAU of 8? The Data Truth in the Solana vs. Starknet Public Opinion Battle

Despite being mocked by the Solana team, Starknet's TVL, fees, and $500M+ net inflows show that it has not been abandoned by the market.

ThunderChain Resumes Legal Battle as Former CEO Chen Lei Accused of Embezzlement for Cryptocurrency Speculation - What Happened Back Then?

Today, Xunlei has restarted the lawsuit against its former CEO, Chen Lei, and his core team, accusing them of harming the company's interests, with the claim amount increased to 200 million RMB.

Key Market Intelligence for January 15th, how much did you miss out on?

1. On-chain Volume: $70.4M inflow to Hyperliquid today; $43.5M outflow from Arbitrum 2. Biggest Gainers/Losers: $LGCT, $HLDR 3. Top News: Trump Pressures Fed 'Backfires,' Hawkish Candidate Wash Overtakes Haslet