{"id":50644,"date":"2025-07-17T14:09:38","date_gmt":"2025-07-17T18:09:38","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/white-house-signals-pro-growth-stance-amidst-trade-tensions-crypto-payments-and-genius-act-in-focus\/50644\/"},"modified":"2025-07-17T14:09:38","modified_gmt":"2025-07-17T18:09:38","slug":"white-house-signals-pro-growth-stance-amidst-trade-tensions-crypto-payments-and-genius-act-in-focus","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/white-house-signals-pro-growth-stance-amidst-trade-tensions-crypto-payments-and-genius-act-in-focus\/50644\/","title":{"rendered":"White House Signals Pro-Growth Stance Amidst Trade Tensions; Crypto Payments and Genius Act in Focus"},"content":{"rendered":"<ul>\n<li><strong>White House Press Secretary Karoline Leavitt has expressed strong confidence in the imminent passage of the &quot;Genius Act&quot; and signaled the administration&#39;s openness to simplifying crypto payments, indicating a clear focus on fostering innovation and economic growth.<\/strong> Leavitt also highlighted a significant surge in private capital flowing into the economy.<\/li>\n<li><strong>The U.S. is set to impose a substantial 93.5% tariff on Chinese battery-grade graphite following a preliminary Commerce Department ruling on dumping, intensifying trade tensions with China.<\/strong> Concurrently, the White House has warned Russia of steep tariffs and secondary sanctions on oil buyers if a deal is not reached within 50 days, aiming to pressure Moscow regarding the Ukraine conflict.<\/li>\n<li><strong>President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#39;s international travel plans include an extended UK trip in mid-to-late September and a visit to Scotland later this month, as confirmed by Press Secretary Leavitt.<\/strong> The White House has also shared a doctor&#39;s letter disclosing a Chronic Venous Insufficiency Diagnosis for <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#39;s swollen lower legs, alongside notes indicating healthy results and a normal heart.<\/li>\n<li><strong>Brazilian President Lula has expressed a desire to negotiate with Trump regarding tariffs, stating that &quot;the best thing would be for me and Trump to sit down and negotiate,&quot; but noted Trump&#39;s apparent disinterest in such talks, believing he &quot;can do whatever he wants with tariffs.&quot;<\/strong><\/li>\n<li><strong>Federal Reserve Governor Lisa Cook made no remarks on monetary policy or the economic outlook during her recent speech on Artificial Intelligence, focusing solely on AI&#39;s implications.<\/strong> Separately, a joint statement was issued by Saudi Arabia, UAE, Jordan, Egypt, Bahrain, Turkey, Iraq, Oman, Qatar, Kuwait, and Lebanon, collectively backing Syria\u2019s security, unity, and stability. Talks are also launching on a Security and Defence Partnership to enhance cooperation on hybrid threat response, civil protection, and secure communications.<\/li>\n<\/ul>\n<p>The White House, through Press Secretary <strong>Karoline Leavitt<\/strong>, has voiced strong confidence in the passage of the <strong>Genius Act<\/strong>, with a signing ceremony planned for Friday afternoon. This legislative push is accompanied by the administration&#39;s receptiveness to <em>simplifying crypto payments<\/em>, signaling a forward-looking approach to financial technology and a belief in future crypto legislations. Leavitt also highlighted a significant increase in <strong>private capital<\/strong> flowing into the U.S. economy, underscoring robust economic activity.<\/p>\n<p>In a move set to escalate global trade tensions, the U.S. will impose a <strong>93.5% tariff<\/strong> on <strong>Chinese battery-grade graphite<\/strong>. This follows a preliminary Commerce Department ruling on alleged dumping, which could significantly impact the electric vehicle supply chain. Simultaneously, the White House has delivered a stern warning to <strong>Russia<\/strong>, threatening <strong>steep tariffs<\/strong> and <strong>secondary sanctions<\/strong> on <strong>Russian oil buyers<\/strong> if a peace deal in Ukraine is not reached within <strong>50 days<\/strong>. This ultimatum aims to exert economic pressure on Moscow, potentially disrupting global energy markets.<\/p>\n<p>President <strong>Donald Trump<\/strong>&#39;s upcoming schedule includes an extended trip to the <strong>United Kingdom<\/strong> in mid-to-late September and a visit to <strong>Scotland<\/strong> later this month. The White House has also released a doctor&#39;s letter concerning Trump&#39;s health, which noted swollen lower legs and a diagnosis of <strong>Chronic Venous Insufficiency<\/strong>, while also indicating otherwise healthy results and a normal heart function.<\/p>\n<p>Further complicating the international trade landscape, <strong>Brazil&#39;s President Lula<\/strong> has expressed a desire for direct negotiations with <strong>Trump<\/strong> regarding tariffs. Lula stated that &quot;the best thing would be for me and Trump to sit down and negotiate,&quot; but observed that Trump appears uninterested, believing he &quot;can do whatever he wants with tariffs.&quot;<\/p>\n<p>In other economic news, Federal Reserve Governor <strong>Lisa Cook<\/strong> delivered a speech on <strong>Artificial Intelligence<\/strong> but notably refrained from commenting on monetary policy or the broader economic outlook. On the geopolitical front, a coalition of Middle Eastern nations, including <strong>Saudi Arabia, UAE, Jordan, Egypt, Bahrain, Turkey, Iraq, Oman, Qatar, Kuwait, and Lebanon<\/strong>, issued a joint statement reaffirming their collective support for <strong>Syria&#39;s security, unity, and stability<\/strong>. Additionally, discussions are underway to establish a new <strong>Security and Defence Partnership<\/strong> focused on enhancing cooperation in areas such as hybrid threat response, civil protection, and secure communications.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>White House Press Secretary Karoline Leavitt has expressed strong confidence in the imminent passage of the &quot;Genius Act&quot; and signaled [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[5310,1327,4179,4180,4415,4568,4824,5023,5026,5196],"class_list":["post-50644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-us-economy","tag-china","tag-tariffs","tag-trump","tag-crypto","tag-genius-act","tag-geopolitics","tag-white-house","tag-brazil","tag-russia"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/50644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=50644"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/50644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=50644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=50644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=50644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}