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Trump Announces New Tariffs on Japan, South Korea and South Africa | COINDESK DAILY

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4.8689 Ratings

🗓️ 8 July 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Host Jennifer Sanasie breaks down the latest news in the crypto industry as President Trump announced new tariff rates up to 40% against a series of countries.

Bitcoin is trading flat near the $108,000 level after President Donald Trump announced new tariff rates up to 40% against countries including Japan, South Korea and South Africa. And, will the benchmark fed funds rate fall to the so called zero lower bound? CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

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Transcript

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0:00.0

Could rates fall to the zero lower bound within the next seven years and metaplanets plan for its Bitcoin holdings?

0:06.7

You're watching Coin Desk Daily. I'm your host, Jen Sanassi.

0:15.8

President Donald Trump has delayed the tariffs deadline to August 1st from July 9th and has announced

0:22.0

new rates for some countries. Japan, South Korea, and South Africa will now face tariffs

0:27.4

of up to 40%. Bitcoin remains relatively unchanged this morning at around $108,8,850. Bitcoin

0:36.2

Bulls love to discuss liquidity easing through rate cuts and now new analysis from

0:41.0

the Fed Reserve banks of New York and San Francisco show a 9% chance of the benchmark Fed

0:46.5

funds rate falling to the so-called zero lower bound within the next seven years.

0:51.6

Data shows expectations for elevated interest rates, but the chance

0:55.0

of a zero level remains significant over the medium to long term, according to the report.

1:00.7

In the short term, however, the probability of rates falling that low in the next two years is

1:04.8

just 1%. You'll remember in 2020, 2021, rates fell back to zero, triggering an unprecedented bull run throughout financial

1:13.0

markets, including low-cap altcoins.

1:16.0

Metaplanet wants to use its Bitcoin holdings for acquisitions.

1:19.2

According to the Financial Times, the company with the largest corporate Bitcoin stash

1:22.5

outside of North America will use their Bitcoin as collateral to finance acquisitions

1:26.9

of cash- cash generating businesses.

1:28.5

The Japanese hotel company acquired 2,205 Bitcoin this week, increasing its holdings to 15,55

1:36.2

Bitcoin. The company is targeting 210,000 Bitcoin by the end of 2027.

1:42.5

And Hong Kong stable coin licensing regime is set to start on August 1st, with local media

1:47.2

in China reporting over 40 applications have been received.

1:51.0

The Hong Kong Monetary Authority, however, is likely to approve only a single-digit number

...

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