Trump announced new tariffs set to begin on Aug. 1. Imports from some of America’s biggest trade partners are targeted, including Japan and South Korea, which are set to face 25% tariffs, according to the President’s social media posts on Monday.

The Small Business Optimism Index was steady in June. “Taxes remain the top issue on Main Street, but many others are still concerned about labor quality and high labor costs,” said NFIB Chief Economist Bill Dunkelberg.

Following the dollar’s steepest first-half-year decline in half a century, the near-term outlook still looks challenging for the greenback. The same factors that weighed on the dollar in 1H are expected to continue for the rest of the year, including policy volatility, more federal debt and deficits and expected interest rate cuts from the Federal Reserve.

US 10-year Treasury yield rises for fourth trading session to 4.39%, highest close since June 18.

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