Market Updates
With Earnings in Focus, Trump Administration's Tariff Threats Lack Punch
Barry Adams
08 Jul, 2025
New York City
Wall Street indexes attempted to rebound from Monday's sell-off, and investors shifted their focus to the start of the earnings season.
The S&P 500 index increased 0.1%, and the tech-heavy Nasdaq Composite inched higher 0.2% amid growing consensus that the Trump administration's threats are not likely to derail international trade.
Over the last six weeks, investors have realized that the Trump administration's threats are rarely followed through, and negotiators in China, Japan, Mexico, Canada, and the European Union have an upper hand.
In the latest iteration of Trump's threat, 14 countries are targeted with rates between 25% and 40% starting from August 1.
The Trump administration's bungling of tariff revision has hit small and independent businesses that rely on intermediary or consumer goods made in Asia and Europe.
Donald Trump's erratic trade policy, lack of clarity on the level of tariffs paid at the U.S. ports of arrival, and on-again-off-again ban on artificial intelligence-linked tech products and software have forced U.S. businesses to halt international commerce.
U.S. Stock Movers
Solar energy stocks turned lower after the U.S. president issued an executive order to roll back green energy subsidies.
Sunrun Inc. dropped 10.7% to $9.92, Enphase Energy Inc. decreased 5.4% to $40.15, and First Solar Inc. fell 4.6% to $168.42.
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