TLDR
- President Trump’s 90-day pause on “reciprocal” tariffs expires Wednesday, with unclear plans for countries without trade deals
- Amazon Prime Day sale runs Tuesday through Friday, extended from two days to four days this year
- Federal Reserve meeting minutes from June will be released Wednesday, showing officials’ economic outlook
- Major earnings reports scheduled for Thursday include Delta Air Lines, Conagra Brands, and Levi Strauss
- Economic data releases include consumer credit levels, jobless claims, and wholesale inventories
President Donald Trump’s 90-day pause on elevated tariffs is set to expire Wednesday. The deadline creates uncertainty for multiple trading partners who have not yet negotiated new agreements with the United States.
Trump announced the pause on “Liberation Day” tariffs in April. Several countries face the possibility of higher import taxes returning if no deals are reached by the deadline.
Trump announces a New Historic trade deal with Vietnam to open up their markets to American Exports! 🙌
“This is the GOLDEN AGE!”
America is about to get paid! lol pic.twitter.com/imNHNnjs3E
— MJTruthUltra (@MJTruthUltra) July 4, 2025
The president has secured trade agreements with some nations including the U.K. and Vietnam. However, negotiations with Canada have ended without a deal according to Trump’s recent statements.
It remains unclear whether Trump will reimpose the tariffs or extend the deadline again. The decision affects multiple countries that have not finalized trade agreements with the U.S.
Amazon begins its annual Prime Day sale on Tuesday, extending the event to four days. Last year’s Prime Day achieved record-breaking sales figures for the company.
The extended sale period represents a doubling from the traditional two-day format. Amazon’s stock has shown positive performance leading up to the event.
Federal Reserve Minutes and Economic Data
The Federal Reserve will release minutes from its June meeting on Wednesday. These documents provide insight into officials’ views on current economic conditions and interest rate policy.
Central bankers use economic data to guide their interest rate decisions. The minutes will show how Fed officials are interpreting recent economic trends.
Consumer credit data for May will be released Tuesday. This report shows how much Americans are borrowing and spending on credit cards and loans.
Initial jobless claims for the week ending July 5 will be published Thursday. These weekly figures track unemployment benefit applications across the country.
Corporate Earnings Reports
Delta Air Lines reports quarterly earnings on Thursday following increased passenger revenue. The airline has shown growth in sales during the previous quarter.
Conagra Brands, which owns Slim Jim, also reports Thursday earnings. The company’s previous quarter showed declining sales and profits due to supply chain issues.
Levi Strauss delivers its quarterly update on Thursday as well. The clothing company faces challenges related to potential tariff impacts on its business.
Markets closed last week at record highs with the S&P 500 and Nasdaq reaching new peaks. The Dow Jones also finished near its highest levels.
Trump signed a major taxation and spending bill into law on Friday. Wholesale inventories data for May will be released Wednesday along with the Fed minutes.
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