Trump to Impose New Tariffs on Dozens of Countries as Demand for AI Supply Chain Rises

On July 21, key news from the U.S. pre-market is as follows: Trump is expected to impose new tariffs on dozens of countries as early as this week; he has agreed to the ethical provisions of the CLARITY Act, nearing a Senate vote; the hidden debt of the five major U.S. tech giants has surged to $1.65 trillion; JPMorgan's CEO stated that investors are underestimating market risks and will not buy stocks or long-term U.S. Treasury bonds at this time; Goldman Sachs predicts that if the Strait of Hormuz is blocked for an extended period, international oil prices may exceed $120 per barrel by the end of the year; demand for AI storage is increasing, with Nvidia's CMX expected to consume over 100 million TBNAND next year, and Samsung has already begun supplying.

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