Trump's EU trade deal, featuring a 15% toll & EU investment, failed to excite the market. Investors are focused on Big Tech earnings & Fed policy amid ongoing trade uncertainty with China, Canada & Mexico.
Economist Justin Wolfers mocks Trump's threat of 100% tariffs on Russia if a Ukraine peace deal isn't reached, citing existing US sanctions rendering the tariff pointless. Russia-Ukraine dispute.
Macron criticizes nations using tariffs as 'blackmail' amid EU-US trade tensions. White House defends tariffs as vital for rebuilding US production before a July 9 deadline. EU warns 'all options' remain open.
Wall Street also recorded losses last week as renewed fears over inflation and trade tariffs eroded risk appetite.
