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Live Updates

7

Jul 2025
China is shifting exports through South-East Asia to evade US tariffs while maintaining export growth

Chinese firms reroute exports via Southeast Asia to avoid US tariffs; overall exports and tariffs both rise.

7

Jul 2025
Following an unexpected output increase by OPEC+, oil prices dropped over 1% at the open

Oil prices fell after OPEC+ announced increased output; geopolitical tensions in the Red Sea intensify instability.

7

Jul 2025
Howard Lutnick announced new tariffs will commence on August 1, with Trump finalising agreements soon

New tariffs begin 1 August; Trump finalizing rates, with notifications to nations sent on Monday.

7

Jul 2025
Trump indicated he may issue tariff letters soon, emphasising fixed tariffs over lengthy negotiations

Trump pushes tariff letters, eyes deals by July 9; warns of increases if talks fail by August 1.

6

Jul 2025
Japanese wages data will be released, following recent strong household spending figures and wage increases

Japan’s household spending rose 4.7% in May; real wages face pressure from rising living costs.

6

Jul 2025
Bessent cautions that tariffs will rise without trade agreements by August 1, affecting numerous nations

Trump to reinstate higher tariffs August 1 if no trade deals reached; fixed rates for 100 nations.

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