A.M. Edition for July 31. Ahead of tomorrow’s deadline for reciprocal tariffs to kick in, the U.S. confirms <a href="https://www.wsj.com/livecoverage/fed-meeting-interest-rate-decision-07-30-2025?mod=hp_lead_pos4?mod=WSJ_WNPOD">deals with South Korea</a>, Thailand and Cambodia, with more expected today. WSJ editors <a href="https://www.wsj.com/news/author/timothy-w-martin">Timothy Martin</a> and <a href="https://www.wsj.com/news/author/peter-landers">Peter Landers</a> explain how these last-minute deals will benefit some of the world’s biggest manufacturing hubs. On the other hand, President Trump <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-07-31-2025-2/card/trump-canada-s-support-for-palestinian-state-makes-trade-deal-very-hard--7GspFTx72hQ2RSLAeRaF?mod=WSJ_WNPOD">casts doubt on a Canada</a> pact, after Ottawa said it plans to recognize a Palestinian state. And, shares of <a href="https://www.wsj.com/business/earnings/microsoft-earnings-q4-2025-msft-stock-fc2e5c59?mod=WSJ_WNPOD">Microsoft and Meta rally</a> in off-hours trading as ad sales and core businesses make up for huge spending on artificial-intelligence. Azhar Sukri hosts. 
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