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Trump to impose up to 100 percent tariffs on drones and aircraft parts, 15 percent for South Korea

U.S. President Donald Trump said the United States will impose 100 percent tariffs on large drones and related parts and 25 percent tariffs on other drones. The measures also cover existing drone and parts imports into the United States and could affect the broader supply chain. Some countries, including the European Union, Japan, Liechtenstein, South Korea, Switzerland and Taiwan, receive a 15 percent rate, while Britain faces 10 percent, subject to strict origin requirements.

Crypto

U.S. CFTC to discuss Clarity Act regulation, sets Innovation Advisory Committee meeting for Aug. 20

The U.S. Commodity Futures Trading Commission is reviewing the direction of cryptocurrency regulation amid a legislative gap in Congress. The agency plans to hold an Innovation Advisory Committee meeting on Aug. 20 to discuss regulatory issues involving crypto assets, artificial intelligence and prediction markets. A key focus is how to align follow-on legislation with regulator actions, as the Senate failed to advance the Clarity bill on digital asset market structure before recess.

Crypto

White House to convene crypto industry next week as Clarity Act vote delayed

The White House is expected to hold a meeting next week with leading figures from the cryptocurrency and prediction market industries. The meeting is being arranged to coincide with the U.S. Commodity Futures Trading Commission’s new Innovation Advisory Committee schedule, with the White House session set for the day before the committee’s first meeting. Attention has grown as Congress has delayed a vote on the Clarity Act, pushing consideration into September.