Amazon ( AMZN ) will be reporting Q2’25 earnings on July 31, 2025 , where I’m anticipating management to discuss various implications to operations in the coming quarters as a result of the updated tariffMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, ...

Heard on the Street: The tariff threat investors are ignoring—at their own peril https://t.co/9pHqCQUM8a ...

Taiwan says more trade talks with the US will be held this week, while also hitting back at domestic speculation that the self-run democracy had already received a tariff letter from the US. https://t.co/gQ8fGQ8XTA ...

Market Trends - Orange juice and coffee drinkers are facing a price shock [1] - A 50% tariff from Brazil is contributing to the price shock [1]

Summary of Key Points from the Conference Call Industry Overview - The focus is on the S&P 500 index and its performance amid the ongoing earnings season and tariff discussions [2][3][4]. Core Insights and Arguments - **Earnings Performance**: 61% of the 59 companies that reported 2Q results exceeded consensus earnings estimates, surpassing the historical average of 48%. The S&P 500 is forecasted to rise by 10% to 6900 over the next 12 months [2][3]. - **Tariff Impact**: The effective US tariff rate is expected to increase to 19% by early 2027, which is 3 percentage points higher than previous forecasts. Despite this, investors are optimistic about economic growth in 2026 [2][4]. - **Dollar Weakness**: The US dollar has depreciated by 7% year-to-date, with expectations of an additional 4% decline by year-end. This depreciation is projected to boost S&P 500 earnings per share (EPS) by approximately 2-3% for every 10% decline in the dollar [2][18][22]. - **Sector Performance**: Cyclical industries are outperforming, indicating that the equity market is pricing in solid GDP growth despite expectations for sluggish growth in the near term. Information Technology, Financials, and Communication Services have seen the most significant improvements in earnings revision breadth [2][13][14]. Additional Important Insights - **Investor Sentiment**: The equity market appears to be largely unconcerned by recent tariff hikes, with the S&P 500 reaching new record highs. Many investors believe that tariff rates will eventually stabilize at lower levels than currently indicated [7][13]. - **Economic Data**: Recent economic indicators show a smaller impact from tariffs on consumer spending, inflation, and the labor market than previously feared. For instance, June core CPI rose by 0.23% month-over-month, below expectations [10][13]. - **International Sales Exposure**: Companies with higher international sales exposure are expected to outperform those with more domestic sales due to the weakening dollar. The Nasdaq-100 generates 45% of its revenues outside the US, while the Russell 2000 derives only 20% from abroad [2][27][23]. - **Earnings Growth Forecasts**: The median stock in the international-facing basket is expected to grow earnings by 10% in 2026, while the domestic-facing basket is projected to grow by 11% [28]. Conclusion - The S&P 500 is positioned for potential growth despite tariff uncertainties and economic challenges. The weakening dollar is expected to provide a tailwind for earnings, particularly for companies with significant international exposure. Investors remain optimistic about long-term growth prospects, focusing on the potential for robust earnings in 2026 [2][14][27].

Semiconductors may be the White House's next tariff target. But duties aren't going to help bring chip manufacturing back to the US (via @opinion) https://t.co/YCAKnRdEed ...

Thailand expects the US to reduce a threatened tariff on its exports from 36% to a level in line with regional neighbors after presenting a “very substantial improvement” in a fresh round of talks, Finance Minister Pichai Chunhavajira says https://t.co/KnQ6p453Tj ...

印尼官员：根据评估，19%的整体关税对印尼有利。印尼仍在与美国进行谈判，要求豁免棕榈油、可可和镍的19%关税。美国的IT产品将不受印尼本地内容要求的限制，除酒精饮料和猪肉外，所有美国商品进口印尼将享受零关税。外汇交易员 (@myfxtrader):特朗普表示，根据与印尼达成的新协议，美国将对来自印尼的商品征收19%的关税，还称正在商讨更多协议，他将继续争取与贸易伙伴达成他认为更好的协议，以及一条降低美国巨额贸易逆差的路径。 ...

Trade Policy - US to impose a 935% tariff on Chinese battery materials [1]

Japan’s exports fell for a second month as the US tariff campaign continued to weigh on trade https://t.co/gJ6VIWpG2Y ...