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The White House announced new tariffs amid a tepid jobs report, sending shockwaves through financial markets. Bitcoin and stocks dipped as investors weighed economic uncertainty, while odds of a September Fed rate cut surged.
- New U.S. tariffs target over 60 countries, with Canadian imports facing a 10% hike to 35%.
- July jobs data and revisions erased 258,000 previously reported positions, signaling labor market weakness.
- Cryptocurrencies and stocks fell sharply as investors reacted to trade and economic uncertainty.
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