Trade pact between the US and EU imposes 15% duties on crucial industries
In the realm of economics and technology, July 2025 has been a month of significant developments. Here's a summary of some of the key events that have caught the attention of industry watchers.
Trade and Diplomacy
- The United States and European Union announced a long-awaited trade agreement on July 27, 2025. The deal, valued at $1.35 trillion, signifies enhanced U.S.-EU economic ties and stabilizes transatlantic trade. The EU is purchasing $750 billion in US energy products, and over a 90-day period, there has been a notable increase of 116.57% in the value of Ethereum, currently priced at $3,882.89 with a market cap of $468.71 billion.
- John Kojo Kumi, a cryptocurrency researcher and writer specializing in the blockchain ecosystem, was serving as the Chief Trade Negotiator for the African Union during the announcement of the Transatlantic Trade and Investment Partnership (TTIP) between the USA and the EU.
- In a strategic redirection of Europe's energy sources, the deal reflects a shift away from Russia. The EU is increasing US investments by $600 billion.
Tech and Crypto
- Tech Giants met at the White House to discuss AI and U.S. Tech Leadership. The discussions are expected to shape the future of technology in the country.
- Trump-Linked American Bitcoin triggered notable market suspensions, but reactions to this initial announcement were subdued.
- MicroStrategy is considering entering the S&P 500 amid Bitcoin focus, a move that could significantly impact the index's composition.
- The SEC and CFTC announced a joint roundtable on regulatory harmonization, a move aimed at streamlining the regulatory environment for digital assets.
- Coinbase is launching Mag7+ Crypto Equity Index Futures, a move that could bring more institutional investors into the crypto space.
- Pineapple Financial led a $100M Injective Treasury Strategy, an investment aimed at bolstering the liquidity of the Injective Protocol.
- ALT5 Sigma added 7.28 Billion WLFI Tokens to its Treasury, a move that could strengthen its position in the decentralized finance (DeFi) market.
Industry Regulations
- The U.S. Congress introduced Bitcoin custody Bill HR 5166, a bill aimed at providing a regulatory framework for Bitcoin custody services.
- Trump emphasized that steel and aluminum tariffs will remain unchanged, a move that could continue to impact the domestic and global steel and aluminum markets.
- The Florida Fund's alleged MSTR allocation lacks verification, a development that has sparked speculation and debate in the investment community.
- Von der Leyen indicated that energy, automotive, and military sectors would benefit from the TTIP, a move that could have far-reaching implications for these industries.
As we move forward, these developments promise to shape the economic and technological landscape in the coming months. Stay tuned for more updates as these stories continue to unfold.
