šŸ•³ļø Tariff Loophole?

Major indices rocket, bitcoin hovers, plus some tech bites.

šŸ•Šļø Market Vibes

  • Dow rockets 300+ points as Trump delays EU tariffs until July 9.

  • S&P 500 and Nasdaq follow suit, with tech stocks leading the charge.

  • Bitcoin hovers around $109K, showing slight gains amid market optimism.

  • Tesla shares up 2% premarket, despite a 53% YoY drop in EU sales.

  • Nvidia earnings on deck, with investors eyeing potential impacts from China export curbs.

  • Tariff Loophole: The ā€œFirst Sale Ruleā€ is back.

šŸ’ø Trade Talk

Tariff tantrums take a timeout. Markets breathe a sigh of relief as the EU tariff delay injects some much-needed optimism. But with Nvidia's earnings looming and export restrictions in play, the tech sector's rally might be on borrowed time.

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🧨The Outrage Meter

Tesla's EU sales plummet 53% YoY, yet the stock climbs 2% premarket. Investors seem to have selective hearing when it comes to bad news.

šŸ•³ļøTariff Loophole

The ā€œFirst Sale Ruleā€ is back. This decades-old U.S. customs loophole lets importers pay duties based on the original factory price of a good - not the inflated resale price - if they can prove the item was always bound for the U.S. It’s gaining traction again as companies from Moncler to Traeger use it to dodge Trump’s new tariffs and protect margins. Legal? Yep. But it undercuts the very tariff revenue the administration’s trying to boost.

šŸ¤”What Do You Think?

Will the EU tariff delay have a lasting positive impact on the markets?

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