Market Voices: Trump on global tariff rate, Russia; PayPal goes crypto

Seeking Alpha’s roundup of statements, announcements and remarks that could impact markets, sectors or individual stocks.

• President Trump said Monday that he will likely set a blanket tariff of 15% to 20% for countries that haven’t negotiated a separate trade deal with the U.S.

“For the world, I would say it’ll be somewhere in the 15 to 20% range … I just want to be nice,” Trump told reporters in Scotland, where he is meeting with U.K. Prime Minister Keir Starmer.

“We’re going to be setting a tariff for essentially the rest of the world, and that’s what they’re going to pay if they want to do business in the United States, because you can’t sit down and make 200 deals,” Trump added, according to CNBC.

• Trump also said he has shortened the deadline for Russia to agree to a ceasefire in Ukraine from 50 days to under two weeks.

“I’m going to make a new deadline of about 10 or 12 days from today,” Trump told reporters in Scotland, according to Bloomberg. “I’ll announce it probably tonight or tomorrow,” Trump added.

On July 14, Trump said Russia had 50 days to agree to a truce with Ukraine or face tough economic sanctions.

• PayPal (NASDAQ:PYPL) will soon allow businesses to process transactions across more than one hundred cryptocurrencies and wallets, including Coinbase (NASDAQ:COIN) and MetaMask.

“You have globally 650 million users that participate in the $3 trillion market of cryptocurrencies,” Frank Keller, PayPal’s general manager of its large enterprise and merchant platform group, told Bloomberg in an interview. “We wanted to give small businesses access to this customer base that is growing.”

“Pay with Crypto” transactions will settle nearly instantly, with a fee of 0.99% per transaction, according to the company.