Trump’s Tariffs Are Coming Back on July 9
It turns out some of the tariffs Trump announced have been put on hold, only to be re‑introduced on July 9. Here’s a quick rundown of what that means.
- Steel & Aluminum tariffs will resume, potentially raising costs for manufacturers.
- Automotive exports could face new duties again, affecting trade agreements.
- Imports of various industrial goods are set to go back under tariff scrutiny.
While these delays may have given businesses a breather, the upcoming re‑instatement points to a shift in trade policy—and a possible stir in the market.
Stocks on the Rise as Trump Tunes Up Trade Talks
In the past five days, Wall Street has been on a steady upward swing, with the Dow, Nasdaq, and S&P 500 all posting gains of roughly 3 %. The markets are bracing for President Trump’s upcoming tariff deadline and hoping he can strike deals that keep the economy— and inflation— from taking a nosedive.
What’s Driving the Bull Run?
- Canada‑US Pacts: Canada decided to drop a planned tax on U.S. tech firms and reopened trade talks, sending a wave of optimism through the brokerages.
- Trump’s Mixed Signals: While Trump paused talks in a retaliatory jab at the tax, investors are leaning toward the idea that the former president will lock in new deals and avert a trade standoff.
- Tariff Pause: The administration has delayed several tariffs, with the next wave slated for July 9. The European Union is negotiating a sweet spot at 10 % on many exports but wants carve‑outs for alcohol and cars.
Stock Highlights
- Oracle: Up by 4 %, this tech giant’s CEO, Safra Catz, heralded a “strong start” to the fiscal year and unveiled a string of hefty cloud contracts.
- GMS: The specialty‑building supplier saw its stock surge 11.7 % after announcing a $110‑cash takeover by a Home Depot subsidiary.
- HP Enterprise & Juniper Networks: Both rallied over 10 % after signing a DOJ‑approved merger agreement, pending a court green‑light.
- Banking Sector: Fed reassurance spiked major banks—JPMorgan up 1 %, Citigroup 0.9 %—as officials declared the sector robust enough to weather an economic downturn.
Bond & Currency Movements
U.S. Treasury yields dipped ahead of the highly‑anticipated Thursday jobs report, which is being pushed forward due to the July 4 holiday. Meanwhile:
- Brent Crude: Fell 0.42 % to $66.46/barrel.
- WTI: Dropped 0.4 % to $64.85/barrel.
- US Dollar: slipped 0.29 % against the yen; the euro held steady versus the dollar.
International Snapshot
- Germany’s DAX: flat at 23,908.82.
- France’s CAC 40: down 0.16 % to 7,653.59.
- UK’s FTSE 100: up 0.22 % to 8,780.60.
- Italy’s MIB: down 0.48 % to 39,601.38.
- Japan’s Nikkei: down 1.05 % to 40,062.35.
- Shanghai Composite: up 0.32 % to 3,455.37.
- Korea’s Kospi: up 1.05 % to 3,104.19.
- Australia’s ASX 200: up 0.1 % to 8,550.70.
With trade talks re‑opening and tariff delays extending the window of uncertainty, the markets are betting that the political circus will settle enough so that investors can breathe a little easier. It’s a rollercoaster yet— stick tight!