Trump will appoint only a candidate willing to lower interest rates as the new head of the Federal Reserve System. He criticized the current chairman, Jerome Powell, calling him a «stubborn ass» and expressing hope for his resignation, although Powell's term expires in May 2026. Currently, the Fed is keeping the rate at 4.25-4.5%, but Trump insists on a significant reduction. The United States lifted sanctions against Russia regarding the Paks-2 NPP project in Hungary. This was stated by the country's Foreign Minister Szijjarto. The construction of the station can be continued. Recall that in November 2024, the Biden administration imposed sanctions against Gazprombank, through which the project was financed. Canada has made concessions to the United States in the trade war. The country will abolish the digital services tax against American companies ahead of an expected deal with the United States. Negotiations on the trade agreement are scheduled to resume by July 21. All G7 countries are ready to make concessions to the Trump administration. They agreed on Saturday to exempt American companies from certain provisions of the existing global tax agreement. The G7 said the plan recognizes existing U.S. minimum tax laws and aims to increase the stability of the international tax system. South Korea postponed the digital won pilot due to costs and lack of a commercialization plan. Instead, the Central Bank will focus on regulating stablecoins linked to won in order to reduce dependence on dollar tokens and preserve financial sovereignty. The eight largest banks are already working on the creation of such a stablecoin, and the issue will be controlled through licensed banks to protect the economy.
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