Trump Unveils Sweeping New Tariffs: 40% Penalty on Transshipped Goods, Major Rates Rejig Ahead of August Deadline

Hello, Market Reader’s

August is shaping up to be a pressure point for Big Tech. Historically the second-worst month for the Nasdaq since 1971, it's delivered gains just 56% of the time. Despite July’s AI-driven rally, rising inflation and uncertainty around Fed policy could stall momentum. Investors may want to brace for a pullback or rethink tech-heavy positions.

Today’s Global Menu

• Focal Point

• World Markets

• Frontier News

• Crypto World

FOCAL POINT

🚨 U.S. Imposes 40% Tariff on Transshipped Goods: A Supply Chain Shake-Up Begins

Just hours before the tariff deadline, President Trump has thrown a curveball levying a sweeping 40% tariff on all transshipped goods, targeting countries seen as “laundering” Chinese exports.

This aggressive pivot has startled global supply chains.

Transshipment where goods are routed through third countries like Vietnam or Mexico before landing in the U.S. has been a common workaround for China-origin products. Now, every startup and SME relying on “China +1” strategies needs a contingency plan.

Implications for India? Two-fold:

1. Opportunity: As China alternatives are penalized, direct-from-India sourcing may gain favour especially in pharma, auto components, and textiles.

2. Risk: Any Indian firm engaging in transshipment routing through ASEAN hubs may face compliance scrutiny or margin erosion.

This tariff tweak signals a broader message: the U.S. is no longer just punishing origin, it’s scrutinizing routes.

Startups in logistics, customs tech, and compliant cross-border fulfillment now have a rare window to innovate.

WORLD MARKETS

📉  Slipped: Major U.S. indexes slipped across the board S&P 500 down 0.4%, Dow off 0.7%, Nasdaq barely budging after pressure from healthcare stocks and political scrutiny of drug pricing. Meta bucked the trend with strong AI-driven earnings lifting sentiment slightly.

⚠ Rattled: Asian equities dropped again as President Trump rolled out sweeping tariffs 25% on Indian goods, 20% on Taiwan, 15% on South Korea sending MSCI Asia-Pacific down ~0.4%. South Korea’s KOSPI slumped ~1.6%, Japan’s Nikkei shed 0.6%, while Chinese blue chips were flat.

🌪 Shaken: Indian markets got off to a shaky start Sensex down ~0.14% to ~81,074, Nifty slipped below 24,750. The decline tied to renewed U.S. tariffs on Indian exports and broader trade anxiety. Most sectors dipped, though hopes persist that dialogue may ease duties soon.

FRONTIER NEWS

🔍 Apple AI: Apple unveiled a bold strategy as CEO Tim Cook confirmed they're open to AI acquisitions, having acquired over half a dozen firms already to catch up in the AI race. With AI now embedded across platforms from Siri to developer tools Cook hinted at potential big-ticket deals ahead.

❄ Cooling: Labor momentum appears to be cooling nonfarm payrolls are forecast to rise just ~110,000 in July, down from June’s 147,000. The jobless rate is likely to float around 4.2%, signaling labor market strain.

🔓 Exposed: China claims the U.S. used an old Microsoft server vulnerability to carry out cyberattacks and steal military data a serious escalation in tech tensions. The accusation highlights rising friction in cybersecurity and geopolitical brinkmanship.

💥 Unwound:A popular copper trade strategy unraveled instantly after Trump larified that refined copper is exempt from a looming 50% tariff on August 1. Copper futures plunged over 20% in a single day, crashing the spread between U.S. and LME prices.

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CRYPTO WORLD

📊 August 1 Crypto Snapshot: Calm Charts, Nervous Whales

While Bitcoin remained stable around $115K on August 1, whale wallets are stirring beneath the surface. On-chain data reveals high-volume transfers from dormant addresses, sparking speculation about profit-taking or repositioning.

But there’s more…

👉 Ethereum ETF inflows continue for the 18th day straight, signaling growing institutional trust despite macro uncertainty.

👉 Dogecoin and Solana show resilience, with volumes steady even after the recent liquidation wave.

👉 Meanwhile, Solv Protocol’s yield vaults are gaining momentum proof that passive income is becoming crypto’s new frontier.

So what should crypto investors and builders take away?

1. Calm doesn’t mean safe. Whale movements are usually the canary in the coal mine. Stay alert.
2. Institutions are still in. ETH inflows and protocol innovation suggest long-term confidence.
3, Retail is watching. With every surge or drop, the trust gap narrows or widens.

As the dust settles from macro shocks and Trump’s tariff theatrics, the crypto market is finding its rhythm but beneath that rhythm lies a volatile beat.

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Thanks for reading.

Until tomorrow!

Hanoomaan Global Markets team

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