Trump Strikes Major Trade Deal with Indonesia 19% Tariff + 50 Boeing Jets, No U.S. Tariffs in Return

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Nvidia’s CEO Jensen Huang just pulled off a monster win after intense discussions with President Trump, the U.S. has greenlit export licenses for its H20 AI chips to resume shipments to China. These chips may be less powerful than their top-tier cousins, but they’re still the backbone of China's AI boom think of them as the “turbochargers” fueling momentum in Beijing’s research labs .

Today’s Global Menu

• Focal Point

• World Markets

• Frontier News

• Crypto World

Focal Point

Trump Targets Indonesia With New Tariffs What It Means for Global Trade

In a bold move, President Trump has proposed new tariffs on Indonesia, citing trade imbalances and national interest. This signals a significant shift in U.S. trade dynamics especially as Indonesia plays a key role in global supply chains for minerals, apparel, and tech components.

📌 What’s at stake?

• Indonesia is a major player in nickel, essential for EV batteries. Tariffs could disrupt the momentum in clean energy and vehicle electrification.

• U.S. companies sourcing textiles, rubber, and components from Indonesia may face increased costs, reshuffling their procurement strategies.

• The move could spark retaliatory policies, adding friction to an already fragile global trade framework.

For India and ASEAN players, this could open unexpected trade windows as buyers look to reroute supply chains.

🚨 The big takeaway: The post-globalization era is here. Supply chain hedging isn’t just a strategy it’s a survival play.

World Markets

✨ Live from Asia Global Markets Wrap: China’s Q2 GDP rose 5.2%, slightly beating expectations but showing signs of slowing momentum as retail sales dip and housing strains build it’s a cautious yet resilient backdrop for investors navigating tariff uncertainty.
Asian equities edged higher (~0.4%), buoyed by easing trade jitters and anticipation ahead of U.S. inflation data, while Nasdaq futures gained on optimism around Nvidia-China chip resumption.
Across global markets, investors are parsing U.S. inflation updates, corporate earnings reports, and the rising specter of new U.S. tariffs each one a potential game-changer for equity and bond directions. 

🚨 Bond Market Flags Inflation Risks: The 30‑year U.S. Treasury yield climbed above 5%, hitting highs not seen since May, after June’s CPI showed a sharp 0.3% monthly gain and 2.7% annual rise the steepest this year fanning fears that tariffs are fueling inflation.
This bond-market alarm signals skepticism over the Fed’s roadmap for two rate cuts in 2025, prompting whispers that rate relief may not come or could be delayed until late in the year .
Rising long‑term yields put pressure on borrowing costs across mortgages and corporate loans, adding friction to equity markets still chasing high-growth sectors.

FRONTIER NEWS

1. June Inflation Breakdown: Consumers are feeling the squeeze as June U.S. CPI rose to 2.7% year-over-year (up from 2.4% in May), with core inflation at 2.9% and it’s the first clear sign that tariffs are trickling through to everyday goods like clothing and furniture. This subtle price pressure could delay Fed rate cuts and keeps households on edge.

2. Fed Stays Cautious Amid Rising Prices: Recent inflation data reinforces the Fed’s decision to hold rates, as rising costs linked to tariffs add uncertainty. With consumer prices warming and “tariff uncertainty” lingering, a July rate cut now looks unlikely markets are shifting expectations toward a possible move in September.

3. Nvidia Strikes Rare-Earths Trade Deal: Nvidia has filed to resume exports of its H20 AI chips to China, part of a strategic trade-off: U.S. approval is tied to rare-earth magnet access. The move, which nudged Nvidia shares up ~4%, loosens export controls but raises security debates in Washington.

4. Trump’s New Tariff Blitz: President Trump just unveiled plans for 10% tariffs on smaller nations, hitting pockets across Africa and the Caribbean. This bold move signals growing trade tensions and could whip up fresh inflation waves potentially rattling emerging-market economies still navigating pandemic recovery.

Crypto World

💰 Wall Street Eyes Stablecoins Not If, But When?

Jamie Dimon (JPMorgan) and Jane Fraser (Citi) aren’t dismissing crypto anymore they’re actively exploring stablecoins.

That’s not just a nod to crypto’s resilience it’s a signal that digital dollars are moving from fringe to finance.

📌 What’s driving this pivot?

• Client Demand: From institutional investors to treasury departments, there’s growing appetite for faster, programmable payments.

• Cost & Efficiency: Stablecoins could slash settlement times and FX fees especially in cross-border transactions.

• Control & Compliance: Unlike public tokens, bank-issued stablecoins can stay within regulated rails.

Fraser emphasized a need to “do it right” with regulators, while Dimon hinted at JPM’s “JPM Coin” scaling beyond test cases.

🚨 This isn’t crypto speculation. This is crypto infrastructure and banks want in.

Expect stablecoin pilots, internal tokenization use cases, and even interbank settlement systems within the next 12–18 months.

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Until tomorrow!

Hanoomaan Global Markets team

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