♑ Capricorn: Daily Horoscope for July 8th, 2025
Love Horoscope
Today, dear Capricorn, love takes on a gentle, nurturing tone. Whether you're single or in a relationship, the key is to open your heart and let your vulnerability shine through. Your natural reserve might make this challenging, but remember, love is about sharing and connecting. If you're in a relationship, consider planning a cozy evening at home, where you can truly connect with your partner. For singles, a casual coffee date might turn into something more meaningful. Embrace the warmth and let your heart guide you.
Career Horoscope
In the realm of work, Capricorn, your disciplined nature is your greatest asset. Today, focus on organizing your tasks and setting clear priorities. Your ability to synthesize information and concentrate deeply will help you tackle even the most challenging projects. However, remember to be open to collaboration and new ideas from colleagues. Sometimes, the best solutions come from unexpected sources. Keep your mind open and your spirit curious, and you'll find innovative ways to achieve your professional goals.
Health Horoscope
Your well-being today is all about balance and listening to your inner self. As a Capricorn, you often push yourself to the limits, but today, take a step back and breathe. A short walk in nature or a few minutes of meditation can do wonders for your spirit. Remember, it's okay to take a break and recharge your batteries. Your pragmatic side might resist, but nurturing your soul is just as important as achieving your goals. Let the universe guide you to a place of peace and serenity.
Finance Horoscope
Financially, today is a day to practice prudence and foresight. Your natural thriftiness serves you well, but it's also a good time to review your budget and ensure you're on track with your financial goals. Consider setting aside a small amount for a future investment or a special treat. While it's important to save, remember that enjoying the fruits of your labor is equally vital. Look for opportunities that align with your long-term plans and trust in your ability to make wise decisions.
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US President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal. In an escalation of a trade war that has angered U.S. allies and rattled investors, Trump announced the latest tariffs in separate letters to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum that were posted on his Truth Social media site on Saturday. The EU and Mexico, both among the largest U.S. trading partners responded by calling the tariffs unfair and disruptive while pledging to continue to negotiate with the U.S. for a broader trade deal before the deadline. Mexican President Claudia Sheinbaum said she was sure an agreement can be reached. "I've always said that in these cases, what you have to do is keep a cool head to face any problem," Sheinbaum said at an event in the Mexican state of Sonora. "We're also clear on what we can work with the United States government on, and we're clear on what we can't. And there's something that's never negotiable: the sovereignty of our country," she said. Trump sent similar letters to 23 other trading partners this week, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20% up to 50%, as well as a 50% tariff on copper. The U.S. president said the 30% rate was "separate from all sectoral tariffs," indicating 50% levies on steel and aluminum imports and a 25% tariff on auto imports would remain. The August 1 deadline gives the targeted countries time to negotiate agreements that could lower the threatened tariffs. Some investors and economists have also noted Trump's pattern of backing off his tariff threats. The spate of letters showed Trump has returned to the aggressive trade posture that he took in April when he announced a slew of reciprocal tariffs against trading partners that sent markets tumbling before the White House delayed implementation. 'Unfair treatment' But with the stock market recently hitting record highs and the U.S. economy still resilient, Trump is showing no signs of slowing down his trade war. He promised to use the 90-day delay in April to strike dozens of new trade deals, but has only secured framework agreements with Britain, China and Vietnam. The EU has hoped to reach a comprehensive trade agreement with the U.S. for the 27-country bloc. Trump's letter to the EU included a demand that Europe drop its own tariffs. "The European Union will allow complete, open Market Access to the United States, with no Tariff being charged to us, in an attempt to reduce the large Trade Deficit," he wrote. Von der Leyen said the 30% tariffs "would disrupt essential transatlantic supply chains, to the detriment of businesses, consumers and patients on both sides of the Atlantic." She also said while the EU will continue to work towards a trade agreement, it "will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required." Mexico's economy ministry said Saturday it was informed the U.S. would send a letter during a meeting on Friday with U.S. officials. "We mentioned at the roundtable that it was unfair treatment and that we did not agree," the ministry's statement said. Mexico's proposed tariff level is lower than Canada's 35%, with both letters citing fentanyl flows even though government data shows the amount of the drug seized at the Mexican border is significantly higher than the Canadian border. "Mexico has been helping me secure the border, BUT, what Mexico has done, is not enough. Mexico still has not stopped the Cartels who are trying to turn all of North America into a Narco-Trafficking Playground," Trump wrote. China is the main source of the chemicals used to make the opioid fentanyl. According to U.S. authorities, only 0.2% of all fentanyl seized in the U.S. comes from across the Canadian border, while the vast majority originates from the U.S.-Mexico border. Mexico sends more than 80% of its total exported goods to the U.S. and free trade with its northern neighbor drove Mexico to become the top U.S. trading partner in 2023. The EU had initially hoped to strike a comprehensive trade agreement but more recently had scaled back its ambitions and shifted toward securing a broader framework deal similar to the one Britain brokered that leaves details to be negotiated. The bloc is under conflicting pressures as powerhouse Germany urged a quick deal to safeguard its industry, while other EU members, such as France, have said EU negotiators should not cave into a one-sided deal on U.S. terms. Bernd Lange, the head of the European Parliament's trade committee, said Brussels should enact countermeasures as soon as Monday. "This is a slap in the face for the negotiations. This is no way to deal with a key trading partner," Lange told Reuters. Jacob Funk Kirkegaard, a senior fellow at the Brussels-based think tank Bruegel, said Trump's letter raised the risk of retaliatory moves by the EU similar to the flare-up between the U.S. and China that rattled financial markets. "U.S. and Chinese tariffs went up together and they came back down again. Not all the way down, but still down together," he said. Trump's cascade of tariff orders since returning to the White House has begun generating tens of billions of dollars a month in new revenue for the U.S. government. U.S. customs duties revenue topped $100 billion in the federal fiscal year through to June, according to U.S. Treasury data on Friday. The tariffs have also strained diplomatic relationships with some of the closest U.S. partners. Japanese Prime Minister Shigeru Ishiba said last week that Japan needed to lessen its dependence on the U.S. The fight over tariffs has also prompted Canada and some European allies to reexamine their security dependence on Washington, with some looking to purchase non-U.S. weapons systems.
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High-priced stocks and bonds raise tariff threat for markets
Global markets are telling conflicting stories about the possible longer-term impact of U.S. tariffs on growth, a schism that investors say means either stocks or bonds could see a steep correction once it's clear which is right. U.S. President Donald Trump's erratic approach to trade policy that generated so much volatility earlier this year seems to have left markets wary of reacting to his near-daily announcements on who, or what, might get hit with tariffs. The latest target is Canada, which on Thursday Trump said will face a 35% duty, while most other trading partners will get blanket tariffs of 15% or 20%, eliciting barely a flutter in the broader markets. An announcement on Europe is imminent. Investors say this apparent composure is less about confidence in an ultimately benign longer-term outlook, and more typical of a late-stage bull market, where the optimists scramble to catch the rally before it fizzles out, while the pessimists quietly prepare for trickier times ahead. In one corner are riskier assets like stocks and cryptocurrencies. Shares on Wall Street have hit record highs, powered by enthusiasm around artificial intelligence and the prospect of a string of interest-rate cuts from the Federal Reserve as the economy gradually slows and the hit to inflation from tariffs proves mild so far. Bitcoin is near a record $112,000. In the other corner are government bonds, gold and even crude oil, all of which are reflecting a belief that tariffs could derail the U.S. economy and growth everywhere will falter. Premier Miton chief investment officer Neil Birrell said the second half of this year will be when the impact of Trump's tariffs becomes obvious. "It's difficult for me to look at all this with any form of confidence or certainty," he said, referring to the unpredictability of Trump's policymaking and the possible impact of his "One Big Beautiful Bill". His main concern about stocks was U.S. households' high participation in Wall Street, where a decline could quickly spread globally. "Any stress in the U.S. economy that impacts the consumer and then impacts equity markets becomes a rather brutal and bloody downward spiral." 'This can't continue' Trump's 90-day pause after April 2's "Liberation Day" tariff announcement has been replaced by a scattergun application of levies on trading partners large and small, right ahead of the second-quarter earnings season which may yield the first clues about how severe the hit to corporate profits could be. "Things have settled down but not in a positive way," Amundi's head of global macro Mahmood Pradhan said. "The effective tariff rate for all imports coming into the U.S., if you calculated an average across the board, would be about 15%," he said. "This is broadly negative for growth in every country that is involved in world trade." The World Bank last month cut its global growth forecast for 2025 by four-tenths of a percentage point to 2.3%, saying that higher tariffs and heightened uncertainty posed a "significant headwind" for nearly all economies. With so much uncertainty hanging over U.S. assets, investors' cash has flowed elsewhere for much of this year, into the likes of European stocks and bonds, gold, Chinese tech stocks or emerging market currencies. Greasing the wheels of the stock market rally has been anticipation that Fed Chair Jerome Powell will cave to pressure from Trump to deliver a rapid string of rate cuts. Yet the data has been too strong to justify an aggressive loosening of monetary policy and too soft to argue that tariffs are having no effect. U.S. employment figures show the economy is still creating jobs at a firm clip, while business activity surveys show factories and services are flagging. In the meantime, Trump's landmark tax cut and spending bill will add an extra $3.3 trillion to the national deficit. Benchmark 10-year U.S. Treasury yields have retreated from January's 15-month peaks at 4.8% to 4.35%. "Bonds are much more focused on growth (falling) than on inflation so when you see an upturn in trade war announcements bond yields tilt towards lower growth and rate cuts. But equities are emboldened because tariffs haven't shown up in the inflation numbers yet," Joost van Leenders, senior investment strategist at Dutch asset manager Van Lanschot Kempen, said. "We don't think this can continue," he said, adding he remains neutral on equities, with a small overweight position in government bonds. Gold has staged a blistering 26% rally this year, topping $3,300 an ounce, serving as a hedge against macro and geopolitical uncertainty, as well as an alternative to the dollar, the biggest tariff casualty, which has lost over 10% in value this year against a basket of currencies. Kevin Thozet, investment committee member at French asset manager Carmignac, said he is hedging against a fall in the U.S. stock market, but believes this is unlikely right now because retail traders are diving in to buy market dips. Further out, he said Trump's tax cut bill might offset some of the impact of tariffs, but the extra debt it could take to fund those cuts could drive the 10-year Treasury yield to 5% in the coming three months, a level that policymakers worry about given its impact on households, companies and the government. "We see significant cracks in U.S. markets, even though the Fed has ample room to cut," he said.
