New Tariff Threats Give Market Indexes a Haircut

Monday, July 7, 2025Just when we thought it was safe to take our eye off the market… threats of new tariffs from President Trump rear their ugly heads again. We started the trading day with the understanding that the July 9th tariff pause deadline was being pushed back to August 1st to U.S. trading partners who have not yet established new trade deals (which is almost all of them). Thus, the trim off record highs we saw before the opening bell turned into a full haircut.Markets were off session lows, with a ...