The Week Ahead: Tariff Tensions Meet Prime Day Frenzy – What It Means for Markets

Trade tensions take center stage as President Trump’s 90-day moratorium on reciprocal tariffs expires Wednesday. Countries without finalized trade deals face renewed uncertainty, while the U.S. has secured agreements with the U.K. and Vietnam—the latter drawing criticism for imposing steep import taxes of 20-40% on American businesses.

Amazon’s Prime Day extends to four days this year, doubling the traditional sales window and potentially injecting volatility into retail-linked assets. Meanwhile, the Federal Reserve’s June meeting minutes will offer critical insights into policymakers’ economic outlook, shaping expectations for monetary policy.

Earnings reports from Delta Air Lines, Conagra Brands, and Levi Strauss arrive Thursday alongside key economic indicators including consumer credit data and jobless claims. Markets will parse these signals for evidence of inflationary pressures—particularly relevant given the Vietnam tariff structure’s potential to exacerbate supply chain costs.