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U.S. Treasury Secretary Yellen stated that countries without an agreement will face tariffs starting August 1, but denied that the date is a "hard deadline."
BlockBeats News, July 7th. On Sunday, U.S. Treasury Secretary Janet Yellen stated that for countries that did not reach a trade agreement with the Trump administration, the tariffs announced in April this year will be reinstated on August 1st. Yellen said, "President Trump will send a letter to some of our trading partners saying that if you don't take action, then on August 1st, your tariffs will return to the level of April 2nd." He said that on August 1st, countries that have not reached an agreement will "receive a letter." Yellen rejected the idea that August 1st is another deadline for new tariffs, but the date in August can still give trading partners more time to renegotiate tariff rates.
Yellen said, "What we're saying is, when things happen, if you want to speed up, then hurry up, if you want to go back to the original tax rate, that's your choice." In April this year, Trump announced a suspension of high tariffs imposed on most major trading partners for 90 days. The tariff suspension order will expire on Wednesday, July 9th. (CNBC)
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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