News: On the 14th local time, the United States expressed its deep dissatisfaction with Russia and threatened to impose a 100% tariff on Russia. It was stated that if an agreement cannot be reached within 50 days to end the Russia-Ukraine conflict, the United States will implement “very severe and approximately 100% tariffs” on Russia.
On the 14th local time, President Trump of the United States said during his meeting with NATO Secretary General Jens Stoltenberg that the US and NATO had reached an agreement to deliver weapons to Ukraine that day.
The US will provide NATO with the most advanced military equipment, allocating its best resources to NATO for coordination in support of Ukraine.
Trump mentioned that billions of dollars worth of military equipment would be quickly distributed, with “Patriot” missiles expected to arrive in Ukraine within days.
The costs of these weapons will be covered by NATO allies, not taxpayers in the US.
On the same day, Stoltenberg stated that countries would rapidly deliver weapons and equipment to Ukraine, with no limit on the types of weapons.
On the 10th, it was announced that a “major statement” regarding Russia would be made on the 14th local time.
According to Axios News website on July 13th, two sources revealed that a new plan to “arm Ukraine” would be announced on the 14th local time, which is expected to include offensive weapons being provided to Ukraine. The sources stated they have reason to believe that the plan might include long-range missiles capable of striking deep-targets within Russia, such as Moscow. The report pointed out that if the US announces the provision of offensive weapons to Ukraine, it would represent a significant shift in US policy.
When asked about providing the “Patriot” air defense missile system to Ukraine, Russian news secretary Peskov said that in fact, the US has been providing weapons, ammunition, and military equipment to Ukraine. Despite the US repeatedly emphasizing the high cost of military support, weapons and military supplies continue to be transported to Ukraine.
In terms of market trends, on the night of July 14th, after the opening of the US stock market, there was little fluctuation.
As of around 23:35 Beijing time, all three major US stock indexes saw slight increases.
US semiconductor stocks collectively fell, with the Philadelphia Semiconductor Index falling more than 2% at one point. As of the time of publication, Micron Technology fell more than 4%, ARM, Qualcomm, and other stocks also fell more than 2%.
Gold and silver prices plummeted.
As of the time of publication, international spot gold was quoted at $3,342.07 per ounce, having fallen more than $50 in a short period, with the latest drop being 0.38%. International spot silver was quoted at $38.43 per ounce, up by 0.11%, previously rising nearly 2%.
Chinese concept stocks performed relatively strongly. As of the time of publication, the Nasdaq China Gold Dragon Index rose by 0.69%.
For comprehensive news and public information, please refer to Daily Economic News.
Cover image source: Daily Economic News