Overnight Headlines 7th July 2025

Asian Markets Trade Mostly Lower – RTT 

Asian Markets Trade Mostly Lower 

 

Bessent: Tariffs will ‘boomerang’ back to April levels by Aug. 1 for countries without deals – CNBC 

Bessent: Tariffs will revert to April levels in August without deals 

 

Trump threatens extra 10% tariff on countries that align with ‘Anti-American’ BRICS policies – CNBC 

Trump says countries aligning with BRICS bloc will face extra 10% tariff 

 

OPEC’s New Supply Shock Locks In Oil Market’s Return to Surplus – Bbg 

OPEC’s New Supply Shock Nails On Oil Market’s Return to Surplus - Bloomberg 

 

China retaliates against EU ban with import restrictions on medical devices – CNBC 

China retaliates against EU ban with import restrictions on medical devices 

 

Trump says Musk has gone ‘off the rails’ after Tesla CEO announces new political party – CNBC 

Trump takes aim at Elon Musk for forming a new political party