Friday 1st August July 2025

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Yesterday the US President warned there will be no delays on tariffs ahead of the August 1 deadline. Hours later he announced a 90-day delay for Mexico but warned that Canada’s support for Palestine would make a deal difficult. NABs Ken Crompton talks about how non—trade criteria are creeping into the US tariff regime, and it remains uncertain who will get hit with what today. The other big news today is non-farm payrolls tonight, and in earnings Amazon beat revenue forecasts put posted a weaker outlook for Q3, whilst Apple gave a healthier set of figures.

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Tariff delays already, ahead of today's deadline.