Tariff deadline approaches as Powell says trade policies delayed rate cut

Key Points

1. President Trump's 'Liberation Day' tariffs are expiring soon, and while he doesn't intend to extend the pause, he mentioned he 'could' with adjustments.

2. The European Commission agreed to a 10% digital services tax, which Trump called a 'direct and blatant attack' on the US; a US-Canada deal is expected by July 21.

3. Fed Chair Jerome Powell and ECB's Christine Lagarde spoke at the ECB Forum, with Lagarde noting the EU reached its 2% inflation target, while Powell described the US economy as 'healthy overall'.

4. The article mentions upcoming Blockworks newsletters and events, including the Digital Asset Summit (DAS) and discussions on decentralized CDNs and crypto markets.

5. Other notable points include the SEC clearing the first Solana staking ETF, an RIA founder suggesting a 10-40% crypto allocation, and Ledger facing backlash over ending Nano S hardware wallet support.