Trump Postpones Tariff Deadline to August – Rare Earths Become Significantly More Expensive – Daimler Truck Announces Share Buyback of €2 Billion – Samsung Warns of Earnings Slump – Waymo Launches Philadelphia Offensive

On Monday, July 7, 2025, the three major US indices closed lower. The Dow Jones fell by 422 points or 0.9% to close at 44,406.36 points, while the S&P 500 dropped by 0.8% to 6,229.98 points. The tech-heavy Nasdaq Composite also declined by 0.9% and ended trading at 20,412.52 points. The reason for the setback was renewed tariff threats from the Trump Administration. President Trump announced via Truth Social a 25% import tariff on goods from Japan, South Korea, and other countries, while putting additional pressure on other nations, including...