๐ฅ๐บ๐ธ The United States will introduce new tariffs ranging from 10% to 12.5% on imports from 60 countries starting Friday. The measures are aimed at combating forced labor, with a 10% tariff for countries committing to prohibit imports of goods produced with forced labor, while others face a 12.5% tariff. These tariffs will replace temporary global tariffs on U.S. imports that began on February 24. The changes will impact 99.4% of American imports, including a 12.5% tariff on Russian imports.
โ ๏ธ๐ท๐บ Russian gold producers are expected to face a slowdown in revenue growth and increased expenses, according to analysts. While revenue and EBITDA for Russian gold mining companies will continue to rise through 2026, the pace will be more restrained due to price pressures. Key risks for the sector include rising costs surpassing initial forecasts and the looming threat of a new windfall profits tax. For more details, visit Kommersant.
๐บ๐ธ The US Dollar Index (DXY) continues to strengthen amid escalating tensions between the US and Iran, rising inflation expectations, and predictions of a more hawkish Federal Reserve. Brent crude prices have surpassed $100, leading to a renewed increase in gasoline prices across the US. Former President Trump stated that he is close to deciding on delivering the most powerful strike against Iran.
โจ The U.S. Treasury Secretary, Janet Yellen, has urged for the swift passage of the CLARITY Act, emphasizing that other countries are rapidly implementing cryptocurrency regulations. She warned that the United States risks falling behind in this crucial area.
๐ซ๐ข An unprecedented situation has emerged in the Middle East, affecting all key maritime corridors. The risks of further oil price increases have intensified due to the threat of closures not only of the Strait of Hormuz but also of the Bab-el-Mandeb Strait, a crucial maritime route between the Red Sea and the Gulf of Aden, according to analysts.
โ๏ธ๐ฎ๐ณ Indiaโs economic indicators for July show a decline in manufacturing and services sectors. The Manufacturing PMI stands at 53.9, down from 54.2, while the Services PMI has dropped to 53.1 from 57.4. The Composite PMI also fell to 54.3, down from 57.1, indicating a slowdown in economic activity.
โ ๏ธ๐ฎ๐ท Houthi forces have opened a new front in the U.S.-Iran conflict. Former President Donald Trump stated that Iran will be held accountable for any future actions taken by the Houthis, as reported by the Wall Street Journal.
โ๏ธ This autumn, the series production of the fully imported aircraft SJ-100 will commence, announced Dmitry Demeshin, the governor of Khabarovsk Krai.