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$ETH July 21, before the U.S. stock market open, the following are the key market news items:
1. Trump will move to impose new tariffs on dozens of countries as soon as this week;
2. Trump has agreed to the ethical provisions of the CLARITY Act, nearing a Senate vote;
3. The “hidden debt” of the five largest U.S. tech giants has surged to $1.65 trillion;
4. JPMorgan Chase CEO: Investors have underestimated market risk; they will not buy stocks or long-term U.S. Treasuries for now;
5. Goldman Sachs: If the Strait of Hormuz is blocked for the long term, international oil prices may break $120 per barrel by year-end;
6. AI storage demand gets an additional boost: Nvidia’s CMX may consume more than 100 million TBNAND next year, and Samsung has already started deliveries.