### A lot of data and event risk when US....>

OUTLOOK: ### A lot of data and event risk when US markets return from

Independence day holiday next week. ADP private data early Thu w/May FOMC

minutes later in the day. Headline June employ data on Friday followed another

big event is whether U.S. President Trump decides to go through with tariffs on

Chinese goods as trade tensions between the U.S. and many other countries

continue to roil markets. From a proposed list of imports issued back on April

6, the Office of the United States Trade Representative (USTR), will "impose an

additional duty of 25 percent...on approximately $34 billion worth of imports

from China. According to the USTR, "Customs and Border Protection will begin to

collect the additional duties on July 6, 2018." Following another round of

"public notice and comment process, including a public hearing", additional

tariffs on "$16 billion worth of imports from China" may be issued. "After

completion of this process, USTR will issue a final determination on the

products from this list that would be subject to the additional duties. USTR

will issue a notice in the Federal Register with details regarding this process

within the next few weeks."