On July 7, 2025, U.S. stock markets are expected to open flat to negative, influenced by shifts in U.S. trade policy. (Source: July 7, 2025)
Treasury Secretary Scott Bessent announced an extension of tariffs, initially set for July 9, until August 1 for countries without finalized trade agreements. This extension has impacted gold prices, with spot gold falling by 0.6% to $3,314.21 per ounce.
President Trump imposed a 10% tariff on countries aligning with "Anti-American policies of BRICS." Chinese companies are rerouting exports via Southeast Asia to avoid U.S. tariffs, with exports to Vietnam increasing by 30% since May 2024. Investors are also watching the upcoming Q1FY26 earnings season.
The delay in tariff implementation until August 1 and the ongoing trade negotiations are expected to affect global economic stability. The interplay between trade policies and corporate earnings is expected to influence market performance in the coming weeks.