STORY: From Trump’s deadline for trade deals to Wall Street’s comeback, these are the stories to watch in business and finance in the coming week.:: Deals or no deals?Investors are on edge to see if the U.S. forges any agreements with trading partners……who are looking to avoid higher levies ahead of President Trump’s July 9 deadline.Trump paused many of the U.S.’ harshest tariffs……after his April 2nd “Liberation Day” announcement roiled global markets.Some investors have speculated about more delays – though Trump has said he’s not extending the deadline.:: Japanese tariffsJapan’s in a sticky spot ahead of that tariff deadline.Trump’s suggested he could impose higher tariffs on imports than previously announced.No deals have emerged after multiple rounds of talks between the two countries, with cars and rice being sticking points.With autos being Japan’s biggest employer and export to the U.S., Tokyo may feel it has no choice but to fight for a better deal.:: Wall Street’s comebackEuropean markets were looking set to dominate this year, but Wall Street is catching up fast.The STOXX 600 benchmark is up 6.9% in 2025, just one percentage point above the S&P 500, a narrowing from around a 10-percentage point gap in March.A storming few months for big tech – where Europe cannot compete – is driving much of U.S. performance.Tariff developments in the coming days could see Wall Street overtake Europe on a year-to-date basis.:: Stablecoin legislationWith the “One Big Beautiful Bill” done, House Republicans are shifting their focus on passing the Senate’s landmark stablecoin legislation — known as the GENIUS Act.Stablecoins are a type of cryptocurrency designed to maintain a constant value.The act could see stablecoins explode from being worth around $250 billion now, to anywhere between $500 billion and $2 trillion in the next few years.Read More
Business Lookahead: Trump’s trade deal deadline
