South African Agriculture Braces for Trump Tariffs
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Yahoo
34 minutes ago
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What To Expect in Markets This Week: Tariff Deadline, Amazon Prime Day, FOMC Minutes
The deadline for the U.S. to negotiate 'reciprocal" tariffs is Wednesday. Federal Reserve meeting minutes, consumer credit levels, and initial jobless claims will also be in focus during the week. Amazon holds its annual Prime Day sale, while Delta Air Lines, Conagra Brands, and Levi Strauss are among the companies scheduled to report "reciprocal" tariffs deadline, Federal Reserve meeting minutes, and Amazon Prime Day highlight this week's economic and business calendar. Investors will also be watching for data on consumer credit levels and jobless claims. Delta Air Lines and Conagra Brands lead this week's corporate earnings. Markets were at highs at the end of last week's trading, which was shortened by the Independence Day holiday. The S&P 500 and Nasdaq finished Thursday at record highs, while the Dow wasn't far off its own high-water mark. President Donald Trump on Friday signed a big taxation-and-spending bill into law. Read to the bottom for our calendar of key events—and one more thing. After a 90-day pause on the elevated 'Liberation Day' tariffs, the deadline for the U.S. to negotiate new deals with a host of trading partners comes Wednesday. Tariffs could go back to the levels announced in April for countries that haven't yet negotiated a deal. President Trump has announced trade deals, including agreements with the U.K. and Vietnam, but several other countries have yet to reach agreements on the import taxes. Trump said he has ended negotiations with Canada. It's unclear if Trump will reimpose the tariffs or extend the deadline again for countries that haven't reached a deal. Wednesday's release of the minutes from the June Federal Reserve meeting will give investors insight into how Fed officials are viewing the economy, as central bankers watch economic data as they decide how to set interest-rate policy. Reports on consumer credit levels and jobless claims also will be released this week. Investors will be watching Amazon (AMZN) as it begins its annual 'Prime Day' sale on Tuesday. After sales hit an all-time high at last year's event, Amazon has extended this year's sale to four days from two. Corporate earnings reports will trickle in this week, preceding the full start of earnings season the following week. Delta Air Lines (DAL) earnings are scheduled for Thursday, following a quarterly sales increase with higher passenger revenue. Slim Jim parent Conagra Brands (CAG) reports on the same day, coming after an underwhelming previous-quarter earnings report that showed sales and profit declined due to supply constraints. Levi Strauss (LEVI) also will deliver its quarterly earnings update the same day, as the company grapples with how to handle tariffs. Quick Links: Recap Last Week's Trading | Latest Markets News Monday, July 7 Nothing scheduled Tuesday, July 8 Amazon Prime Day begins Consumer credit (May) More Data to Watch: NFIB small business optimism index (June) Key Earnings: Aehr Test Systems (AEHR) Wednesday, July 9 U.S. "reciprocal" tariffs deadline Wholesale inventories (May) Minutes for June FOMC meeting Key Earnings: AZZ (AZZ) and Bassett Furniture (BSET) Thursday, July 10 Initial jobless claims (Week ending July 5) Key Earnings: Delta Air Lines, Conagra Brands, Levi Strauss Friday, July 11 Monthly U.S. federal budget (June) Amazon Prime Day ends College is a big step for students, but only about one in five of their parents believes they can handle the bills for tuition and other costs. Investopedia's Elizabeth Guevara takes a closer look at how parents are handling the cost of college. Read the original article on Investopedia
Yahoo
an hour ago
- Yahoo
Trump's ‘reciprocal' tariff pause is about to expire. Cue the confusion
The 90-day deadline President Donald Trump set for countries to make trade deals with the United States or risk substantially higher tariffs is just days away. What will happen after that's reached at 12:01 a.m. ET on July 9 is anyone's best guess. The stakes could not be higher, with the entire global economy on notice. On April 2, a date Trump dubbed 'Liberation Day,' he unveiled new, 'reciprocal' tariff rates for key US trading partners, with some levies as high as 50%. Collectively, the rates were the highest the US has charged on foreign goods in over a century. Economists quickly sounded alarms about a recession hitting not just certain countries, but rather the whole world. As the tariffs went into effect on April 9, they sparked a sell-off on Wall Street and the bond market rebelled, forcing Trump to announce a three-month pause to give countries more time to solidify deals with the US, saying investors 'were getting a little bit yippy, a little afraid.' Since then, almost all goods the US imports have been subject to a minimum 10% tariff. Stocks, meanwhile, have not only recovered all those losses but have set multiple new record highs. And inflation has barely budged. But if tariffs start to rise again and inflation roars back, those gains could quickly get erased all over again. After months of meeting with foreign government officials and countless claims that several trading partners were on the cusp of completing deals, only three have been announced. One of those, with Vietnam, has yet to be finalized and few details are known about it. Still, the Trump administration is advertising that a flurry of deals are forthcoming. At the same time, the president has threatened to send letters to countries that don't ink deals, telling them the rate at which their exports to the US will be taxed. Leading up to July 9, Trump administration officials threatened to simply return to April tariff rates, or possibly even higher levies. They also floated the possibility of extending the pause for countries 'negotiating in good faith,' without defining what that means or which it includes. It's not clear where Trump, who will get the ultimate say, stands. 'We can do whatever we want. We could extend it; we could make it shorter,' Trump recently said. 'I'd like to make it shorter. I'd like to just sent letters out to everybody, 'Congratulations, you're paying 25%.'' 'We'll look at how a country treats us — are they good, are they not so good — some countries we don't care, we'll just send a high number out,' Trump also recently said. On Friday, he said he'd begin sending letters over the coming days. 'They'll range in value from maybe 60% or 70% tariffs to 10% and 20% tariffs,' Trump said. For many countries, such rates would deal an even bigger economic blow compared to the levels Trump announced in April. But countries may have the opportunity to still negotiate, given Trump said most new rates won't take effect until August 1. The deal Trump announced on Wednesday with Vietnam, which calls for minimum tariffs of 20% on Vietnamese goods, double the rate throughout the three-month pause, has raised the possibility that countries may not be able to score lower rates even if they reach a trade agreement. But considering tariffs on Vietnam were set to rise to a minimum of 46% if the rates Trump announced in April held — which was among the highest Trump announced — 20% suddenly feels like a relief. That may be an intentional strategy on Trump's part, allowing him to stick to his major campaign promise of levying higher tariffs on other nations in an effort to raise revenues and bring manufacturing jobs back to the US. 'On balance, we take the US-Vietnam accord as a positive step toward more durable bilateral deals for the US and toward greater clarity for investors,' Ulrike Hoffmann-Burchardi, global head of equities at UBS Global Wealth Management, said in a note last week. 'Headline risks around trade may persist as negotiations continue, but we think the market impact should moderate as President Trump's negotiating tactics become increasingly familiar,' he said. 'Ultimately, we expect the US administration to prioritize economic stability over more maximalist tariffs, especially ahead of the 2026 midterm elections.' 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
New York Times
an hour ago
- New York Times
Caught Between Tariffs and China, Mexico Adapts to an Unpredictable U.S.
The factory in northern Mexico was built to supply Americans. Just a few hours from Texas, about 80 percent of its air-conditioners and refrigeration units are sent to the United States. President Trump's tariffs threatened to upend its whole business — at least until the company devised a plan. Before the tariffs took effect in March, only about 40 percent of its exports traded under the rules of a pact Mr. Trump signed in his first term. But when Mr. Trump agreed to suspend tariffs on any Mexican goods that fell under the agreement, the company's leaders saw ways to adapt. They sought out Mexican suppliers for products bound for the United States. They analyzed which products already complied with the pact's rules but had not yet been certified as such. And they reconsidered projects that involved bringing in imports from outside North America. 'When you're on a plane and there's turbulence, you get really scared and you hold onto your seat,' said Xavier Casas, who oversees the factory for the company Danfoss, in the Mexican city of Apodaca. 'But, you know, 99 percent of the time, the plane is going to land.' Want all of The Times? Subscribe.
