Welcome to Seeking Alpha's Wall Street Brunch, our Sunday look ahead to this week's

market-moving events, along with the weekend's top news and analysis.

Hello, today is Sunday, July 6th, and I'm your host, Kim Kahn.

Wall Street's focus this week will be on trade developments as a 90-day pause on reciprocal

tariffs against U.S. trading partners is set to expire on Wednesday.

President Donald Trump has said he will not extend the pause and will start sending letters

to countries specifying the tariff rates that will have to pay.

UBS economists say, the average current tariff rate at 13% is unlikely to change by year-end.

Protectionism is still the name of the game for the U.S., although tariff rates will not

increase back to reciprocal levels as of April.

The 10% baseline tariff is here to stay, they say, and we still expect sector-specific tariffs

to rise in the third and fourth quarters as Section 232 and 301 investigations conclude,

though these tariff rates will vary by trading partner with either a reduced most favored nation

rate or quotas in place. The targeted sectors are likely to be copper, lumber, cranes,

critical minerals, pharma, semiconductors, shipbuilding, trucks, and aircraft.

UBS adds that tariffs on cars and car parts, aluminum, and steel, are already in place.

This means that the average U.S. tariff rate will remain around its current level,

for example, between 12% and 15%, with the EU still facing some 10% to 15% and China around 50% tariff rates, they say. On the earnings calendar, Delta Airlines,

Canagra Brands, and Levi Strauss are the highlights all report on Thursday. For Delta,

analysts expect the company to report EPS of 205 on revenue of $16.18 billion. The airline industry

has lately been under pressure from geopolitical uncertainties and customers increasing concerns over risks of a recession.

But analysts point out that Delta's premium services, such as the Sky Miles loyalty program,

...