2025.7.2 Jinyuan Reference News

1. Foreign media: U.S. officials seek to narrow the scope of the trade agreement, aiming to reach a deal before July 9. It is reported that India seeks to reach a temporary trade agreement with the U.S. this week. U.S. Treasury Secretary Basant: the trade agreement with India is "very close."

2. Trump: Not considering extending the deadline for tariff negotiations on July 9; doubts whether an agreement can be reached with Japan, which may face tariffs of 30% or 35%.
3. Japanese media: The United States will prioritize India in tariff negotiations, postponing the issue with Japan.

4. Vance's "One Ticket to Break the Deadlock", the U.S. Senate passes the "Big and Beautiful" bill, and the House of Representatives is expected to vote this week.

5. The JOLTs job openings in the U.S. unexpectedly rose to the highest level since November last year, leading traders to slightly reduce their expectations for a Federal Reserve rate cut.

6. Federal Reserve Chairman Powell: It is not possible to assert whether a rate cut in July is premature, and no meeting can be ruled out.

7. Trump threatened to have DOGE scrutinize the subsidies received by Musk and his companies. Musk responded: "Cut them all off, right now." Trump also stated that he doesn't want to own electric vehicles because they might explode, and he threatened to "consider expelling" Musk. #BTC# #ETH#