Trump tariffs, Bitcoin’s record highs, and China’s EV takeover in Europe

Money Masters' Market Kickoff Week 29

July 14, 2025

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Dear Money Master,

Trump’s latest tariff threats ⚠️ have the EU scrambling to avoid a trade war, while Bitcoin 🚀 smashes through the $120K mark, fueling fresh momentum in what many are calling a new crypto era. As earnings season begins 📊, Wall Street is watching closely for signs of resilience—or cracks—amid growing macro uncertainty.

🇨🇳 Chinese EVs are rapidly gaining ground in Europe’s most competitive markets, Tesla faces intensifying pressure, and Elon Musk is distancing himself from an xAI-Tesla merger. Inflation is cooling sharply in India 🌾, China’s export engine is roaring 📦, and Singapore just dodged a recession.

📰 Your Daily Financial Digest - July 14th, 2025

🌍 Economics & Finance:

  1. Trump's 30% Tariff Bombshell Jolts EU Negotiators 💣
    A letter from Trump threatens 30% tariffs on EU goods starting August 1st, pushing Brussels to scramble for a deal. Countermeasures are being delayed — but retaliatory steps are being drafted. Read More

  2. India’s Inflation Drops to 2.1%, Opens Door for More Rate Cuts 🌾
    Consumer inflation fell below expectations, led by negative food price growth. This builds the case for additional RBI easing after May’s aggressive 50bps rate cut. Read More

  3. Singapore Escapes Recession with Q2 GDP Growth of 1.4% 📊
    Manufacturing rebounded and construction surged, helping Singapore avoid a technical recession. Export front-loading ahead of tariffs also contributed to the beat. Read More

  4. China’s Exports Surge 5.8% Despite U.S. Weakness, Tariff Truce Helps 🚢
    Exports to ASEAN and the EU boomed, while rare earth shipments hit a record. A 90-day tariff truce with the U.S. helped soften the blow of slumping American demand. Read More

💻 Technology:

  1. Musk Shoots Down Tesla-xAI Merger Speculation 🤖
    Elon Musk says he doesn’t support a merger between Tesla and xAI, even as Tesla prepares a vote on investing in the AI startup behind controversial chatbot Grok. Read More

  2. Chinese EVs Carve Out 10% Market Share in Norway 🇨🇳🚗
    Brands like BYD and MG are booming in Europe’s EV capital, thanks to Norway’s zero-tariff stance. Tesla still leads, but faces growing local competition. Read More

  3. Bitcoin Tops $122K on Record ETF Inflows 🚀
    Bitcoin broke new ground as ETF inflows hit $1.18B in a single day. Institutional demand and Trump’s pro-crypto stance are lifting momentum despite tariff-driven market jitters. Read More

💹Earnings:

  1. Fastenal Kicks Off Earnings Season with Solid Q2 Results 🧰
    The industrial supplier posted $2.08B in revenue and $0.29 EPS, beating expectations slightly. CEO cited strong customer contracts despite sluggish broader demand. Read More

  2. Greggs Shares Fall 15% as Heatwave Slows Sales 🥵
    June’s record heat dented foot traffic and reduced demand for hot food. The bakery chain warned that full-year profit could slip slightly below 2024 levels. Read More

  3. Earnings Season Kicks Off with Eyes on Tariffs and Growth 📊
    Q2 earnings begin this week, with big banks like JPMorgan and Morgan Stanley leading the charge. Analysts expect 4.1% EPS growth, but caution remains high amid tariff worries and shifting rate expectations. Read More

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Jason Calacanis recommending Uber at $25/share (200%+ return)

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To your financial empowerment, The Money Masters Team

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DISCLAIMER: This information is for educational purposes only and does not constitute financial advice. The publisher does not accept any responsibility for any losses incurred as a result of actions taken based on the information provided. Always conduct your own research or consult with a financial advisor before making any investment decisions.