The Rundown U.S. Strikes Trade Deal with Vietnam, iPhone Returns to Growth in China
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Jul 3, 2025 The U.S. and Vietnam strike a trade deal with new tariffs to tackle import loopholes, reflecting broader economic trends. Job growth in the U.S. is on the rise, impacting interest rates, while Apple makes a comeback in China after lifted tech export restrictions. The influence of S&P 500 inclusion on stock prices is discussed, along with Centene's stock decline. Young Americans are increasingly investing in stocks, showing a shift in comfort with the market as investing tools become more accessible.
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Tariffs Stay with Vietnam Deal
- The new U.S. trade deal with Vietnam imposes a 20% tariff on imports and a 40% tariff on trans-shipped goods.
- This move closes a loophole aimed at Chinese products routed through Vietnam, signaling tariffs will remain long-term.
Strong Jobs Delay Rate Cuts
- The June jobs report showed stronger than expected job gains and a falling unemployment rate.
- This strength reduces the likelihood of an imminent Federal Reserve interest rate cut, possibly delaying it until September.
Apple’s China Sales Grow Slightly
- Apple’s iPhone sales grew 8% year-over-year in China due to discounts and increased trade-in values around a major shopping festival.
- Despite growth, Apple still loses market share to Chinese brands leveraging their own AI innovations.