Weekly Data Summary Report
As of July 07, 2025
Below is a summary of the United States, primarily based on critical events related to President Donald Trump, trade war, and war conflicts within the week.
Disclaimer: Please note this is opinion-based; do not take it as investment advice.
Key Highlight of the Week
- US economy: Labor market conditions offer a mixed picture to the investor, with ADP employment changes dropping to -33K, while the employment report showed more positive labor market conditions. We cannot say that the labor market remains really resilient against the uncertainty, especially when job growth mainly comes from the government sectors, while the private sector remains weak.
- Big Beautiful Bill: “Tax cut and spending bill signed into law”, has become officially announced and the risk of higher debt problem will be inevitable, as this proposal will likely raise the debt deficit around 6% of the GDP in the next few years and “roughly 90% of the debt-GDP ratio by the end of Trump’s term”, as per US Treasury Secretary Bessent.
- Elon Musk officially forms the “America Party” to challenge both Republicans and Democrats, while US Treasury Secretary Bessent shamed him by saying that “Elon Musk should stick to business, not politics.”
- Israel-Gaza: Even after Trump’s July 2 post calling for a 60-day ceasefire, the conflict continues to intensify, and the Palestinian group is now seeking guarantees that the ceasefire proposal will lead to ending the war. The Gaza agreement could be possible this week.
Trade Agreement:
- US-Vietnam: tariffs of 20% on Vietnam-imported goods and 40% for the transshipment, while the US-imported goods will be duty-free, as per Trump’s post on social media on Wednesday.
- US-Canada: Canada dropped the digital services tax for renegotiation.
- US-Japan: Trump threatened to impose 30-35% if Japan doesn’t agree to the trade deal, especially on US rice and cars.
- TikTok with China: Possible discussion on either Monday or Tuesday
- Extended: President Trump has once again extended the tariff pause from July 9th to August 1st for those who seek more negotiation, which can lead to de-escalation in the market.
