Donald Trump Declares New Era – US to Lead Crypto World, Mega Trade Agreements on the Way
New York(The Uttam Hindu): US President Donald Trump has dropped strong hints that major trade deals are on the verge of being finalized and could be announced at any moment. Speaking during a signing ceremony at the White House for the new Stablecoin Act, Trump said, “We could even do it today… maybe just a little later. It will happen.”
Explaining his approach, Trump revealed how imposing 35% to 40% tariffs on certain countries has pushed them to the negotiating table. “They immediately call back and say—can we talk about a different kind of deal, can we open up their markets for trade?” he said.
The President recently signed an executive order extending the suspension period for wide-ranging retaliatory tariffs from July 9 to August 1. However, he made it clear there would be no further extensions, warning that tariffs will start from August 1 if new trade agreements are not reached in time.
Alongside trade talks, Trump signed into law a historic Stablecoin Act, the first federal regulation targeting the digital currency sector in the United States. Describing the GENIUS Act as a “straightforward and transparent framework”, Trump said it would unlock the huge potential of stablecoins backed by the US dollar.
Under the new law, stablecoin issuers must disclose detailed information about their reserves, which can include US currency, demand deposits, and government-backed securities. Oversight will be handled by the Federal Reserve and the Office of the Comptroller of the Currency to ensure accountability.
Trump also outlined his bigger vision of making the United States the global leader in crypto innovation. According to him, stablecoins will boost demand for US Treasury assets, lower borrowing costs, and further cement the dollar’s dominance as the world’s leading reserve currency.
With high-stakes trade deals approaching, tough tariff deadlines, and a landmark move to regulate crypto, Trump’s latest decisions are expected to reshape international trade relations and redefine the future of digital finance in America.
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