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*** Mkts to may be treated to fireworks.....>

US TSYS
US TSYS: *** Mkts to may be treated to fireworks of their own when return from
Wed holiday. Private ADP emply early Thu followed by FOMC minutes; Jun employ
data (NFP +195k est vs. +223k prior) Fri as well as whether U.S. Pres Trump will
decide to go through w/ tariffs on Chinese goods. According to Office of US
Trade Representative (USTR), U.S. will "impose an additional duty of 25%...on
appr $34B worth of imports from China." According to USTR, Customs and Border
Protection will collect "additional duties on Jul 6." 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. "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." Pres Trump annc last
Wed he "won't invoke emergency law on China," responding to China's "technology
theft" through the Committee on Foreign Investment in the United States (CFIUS),
an inter-agency committee of the US Gov that reviews the national security
implications of foreign investments in U.S. companies or operation.

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