I hope you enjoyed your long holiday weekend and were able to spend it with friends and family. Now that the President’s “Big Beautiful Bill” has been ratified, tariffs are back in the spotlight. Here’s what’s happening this week…

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• President Trump says we’ll get a clearer picture of his trade plans this week. Those much-teased “UNITED STATES TARIFF Letters” began going out Monday, and his team says several new deals are on the horizon before the weekend. But before markets start popping confetti, officials are signaling that this week might not bring a full wrap-up. Despite Trump’s July 9 “done” declaration, trade talks aren’t cooling down—many negotiations are still in motion, and the original push to lock in global deals this week has hit a few speed bumps. For countries still far from a handshake, unilateral tariff hikes could be next, but they’ve got a little breathing room: the new deadline to avoid fresh duties is now August 1. Trump dropped that nugget late last week, saying that’s when payments will start rolling in. *

• Amazon’s throwing its biggest Prime Day yet, stretching the deal frenzy across four full days from July 8–11 and covering 20 countries. That’s double the usual two-day event—and it’s expected to rake in over $21 billion in merchandise sales, up a whopping 60% from last year. 2025’s summer Prime Day is set to be one for the books. Amazon’s already calling it the largest ever, and if last year’s record-breaking haul is any sign—top numbers on both sales and items sold—it’s safe to expect your cart might fill up faster than usual. **

• TikTok is cooking up a new version of its app just for U.S. users—and it’s all part of a larger plan to sell the platform to a group of American investors. If everything goes according to reports, the new app drops on September 5, and the current version will officially stop working by March next year. Worth noting: that timeline could still shift. To keep scrolling and swiping, U.S. users will need to download the revamped app. The news comes just days after President Trump said talks with China about the app’s future are heating up, hinting that the deal is more or less in place. This follows yet another pushback of the TikTok ban deadline—now extended to September 17. ***