Trade Policy & Deadlines - The President has set a firm deadline of August 1st for country-specific tariffs to take effect, with no extensions granted [2] - This deadline is intended to be unchangeable, despite previous indications of flexibility [3][4] - Tariff rates could potentially fluctuate based on ongoing negotiations [4] Trade Negotiations & Partners - Trade negotiations involve multiple countries, including Japan, the EU, and India, with varying degrees of progress [7][8] - Japan and the EU are perceived as particularly tough negotiators [8] - Smaller deals with countries like Thailand, Malaysia, or Cambodia might be reached sooner [9] - The White House is prioritizing negotiations with the largest trading partners, which are also the most challenging [9] Cabinet Meeting Focus - The cabinet meeting will address the impact of the President's mega bill on each department [6] - Updates on trade negotiations are expected from the Treasury Secretary, Commerce Secretary, and the US Trade Representative [5]

President Trump’s latest salvo on trade gives U.S. allies three weeks to persuade Washington to relax tariffs that would be costly for their export-dependent economies https://t.co/jEg6YdFgwI ...

Countries across Asia are rushing to agree better trade terms with their US ally after US President Donald Trump shifted his tariff deadline to Aug. 1: Here is your Evening Briefing. https://t.co/F8ecu4Z85Z ...

The EU increasingly trades with autocrats and dictators, according to research published by the ECB https://t.co/KQdhlkPEmv ...

The surprise US decision to raise its threatened tariff on Malaysia to 25% means trade will almost certainly dominate the interest rate decision on Wednesday https://t.co/SmQXgR1ELr ...

Good afternoon everyone. We saw the letters the president sent out on Japan and South Korea, but if any other major US trading partners are getting letters today. Sure.Yes, I can confirm. In fact, I have those letters. If you could get me the folder with the letters in them, Liz, they're right in the previous office.Um, I have the signed letters that went out to both South Korea and Japan today. Um and there will be approximately 12 other countries that will receive uh notifications and letters directly fro ...

We're continuing to get headlines, updates on everything related to trade as the U.S. does get toward that July 9th deadline that is set to be extended to August 1st for tariffs. Some headlines that we're just getting in the last few minutes, the U.S. will impose 25% tariff on imports from Kazakhstan, 40% tariffs on Laos imports. Malaysia will see 25% tariffs on Malaysian products, South Africa, 30% tariffs on their products.This comes after earlier this afternoon we heard from the president who said that t ...

Investment Rating - The report indicates a robust GDP growth forecast for Q2, with expectations of 5.0-5.2% YoY growth, despite anticipated headwinds in H2 [4][32]. Core Insights - The manufacturing sector shows signs of improvement, with NBS manufacturing PMI rising to 49.7 and Caixin PMI increasing to 50.4 in June, indicating a less negative growth momentum [7][10]. - Property sales continue to decline significantly, with 30-city property sales down 10% YoY in June, and top 100 developers' contract sales volume decreasing by 35% YoY [9][19]. - Retail sales growth is expected to moderate to 6% YoY in June, influenced by a low base and earlier promotional activities [23]. - Infrastructure investment growth is projected to cool to 6% YoY due to a high base effect, while overall fixed asset investment (FAI) growth is anticipated at 3% YoY [20][32]. Summary by Sections Economic Overview - Q2 GDP growth is expected to remain robust at 5.0-5.2% YoY, supported by front-loading of exports and earlier government stimulus [4][32]. - CPI is projected to edge up marginally to 0% YoY, while PPI remains in deep deflation at -3.3% YoY [3][29]. Manufacturing Sector - NBS manufacturing PMI increased by 0.2ppt to 49.7, with improvements in new orders and production indices [7][10]. - Caixin manufacturing PMI rose by 2.1ppt to 50.4, indicating stronger production and new orders [7][10]. Property Market - 30-city property sales declined further to -10% YoY in June, with significant drops in both tier 1 and tier 3 cities [9][19]. - The contract sales volume of the top 100 developers fell by 35% YoY in June, reflecting ongoing challenges in the property sector [9][19]. Retail and Consumer Trends - Retail sales growth is expected to moderate to 6% YoY in June, influenced by earlier promotional activities and a low base [23]. - Auto retail sales growth picked up to 24% YoY in June, driven by trade-in subsidies and a low base effect [38]. Investment and Infrastructure - Overall FAI growth is projected at 3% YoY in June, with infrastructure investment cooling to 6% YoY due to a high base [20][32]. - Manufacturing investment growth is expected to hold up at 7-8% YoY, supported by fiscal subsidies for equipment upgrading [20].

Trade Policy - Vietnam's Ministry of Trade imposes anti-dumping duties on hot-rolled steel from China, ranging from 23.10% to 27.83% [1] - The anti-dumping duties take effect on July 6, 2025, and are valid for 5 years [1]

Trade Policy - US to impose an additional 10% tariff on countries aligning with "the Anti-American policies of BRICS" [1] Geopolitical Implications - Increased uncertainty in US trade negotiations [1]