Welcome back to KPA Wealth. — There’s a lot unfolding this week. President Trump’s unexpected trade move with Vietnam may reshape global imports in ways that impact both pricing and supply chains. Meanwhile, ADP’s latest job report reveals a surprising and concerning shift in hiring trends that could signal deeper economic ripples.

Also Today: Small business owners are buzzing about Pika AI, a fast-rising tool that turns simple ideas into polished, scroll-stopping video content in minutes. And of course, we’re checking in on today’s mortgage rates as the housing market continues to respond to these broader economic shifts.

• Trump Just Slapped Vietnam with Tariffs—and Got Full Market Access

• June Jobs Shock: ADP Reports 33,000 Private Sector Losses Amid Hiring Freeze Fears

• Why Pika.ai Is the Secret Weapon Every Small Business Needs for Video Marketing

• Today’s Mortgage Rates

Wait, What? Trump Just Slapped Vietnam with Tariffs and Got Full Market Access

Wow, I didn’t see this coming. The U.S. just sealed a new trade deal with Vietnam, and honestly, the details are both surprising and pretty bold. President Trump announced that Vietnamese goods will now face a 20% tariff when entering the U.S. Plus, there’s an additional 40% tariff if those goods are “transshipped” through Vietnam from other countries like China.

What really caught my attention? In exchange, the U.S. gains full, tariff-free access to Vietnam’s market. That’s massive. American products, especially big-ticket items like SUVs, could start rolling into Vietnam without any added tax. This opens a lot of doors for U.S. exporters—and possibly gives Vietnam’s growing middle class a taste of more American brands.

From an economic standpoint, this is a clever play to curb tariff evasion and rebalance trade. But it could also mean rising costs for U.S. importers and, eventually, higher prices on things like clothes and electronics. Still, I’m genuinely impressed by how quickly this agreement came together, especially with the previous tariff pause about to expire.

For small businesses, manufacturers, and trade watchers alike, this new Vietnam-U.S. deal could shake things up in a big way.

June Jobs Shock: ADP Reports 33,000 Private Sector Losses Amid Hiring Freeze Fears

Okay, this caught me off guard. The latest ADP report just dropped and—wow—private sector jobs actually fell by 33,000 in June. That’s not just a miss. It’s a full-blown surprise when you consider economists were predicting a gain of 100,000 jobs. What’s going on here?

It’s the first time we’ve seen a monthly decline since March 2023. And while layoffs are still rare, it looks like companies are hitting pause on hiring and not rushing to replace people who leave. That kind of hesitancy signals real concern under the surface of what’s been a pretty strong stock market rebound.

What really stood out? The biggest job cuts came from sectors we usually think of as stable. Professional/business services and even health and education. Meanwhile, goods-producing roles like manufacturing are still growing, which is some relief. But the drop in services, especially in smaller firms, definitely raises eyebrows.

I’m really interested to see how this compares with the upcoming government jobs report. Historically, ADP’s numbers don’t always match, but if this trend holds, it might be a red flag for the economy’s near-term strength.

Why Pika.ai Is the Secret Weapon Every Small Business Needs for Video Marketing

I’ve been trying out Pika for a few weeks now, and honestly, it’s another total game-changer for small businesses. If you’ve ever struggled to create polished marketing videos without technical skills or expensive software, Pika.ai makes it feel almost magical. You just type or upload, say, a product image or promo script, and minutes later, you’ve got an eye-catching video ready to go.

What’s really impressive? Pika’s latest version, supports up to 10-second, full-HD videos complete with keyframe transitions ("Pikaframes") and fun effects like "PikaTwists." That’s the kind of production value you'd expect from a studio—not a small team using an online tool. The interface is intuitive enough that I had a full video ready for Instagram before lunch.

For small businesses, this is HUGE. You can generate product demos, promotional clips, or social media ads without hiring a full video crew. No editing skills needed—Pika does the heavy lifting. Plus, it’s built to evolve: the team adds features based on user feedback, which means it’s getting smarter and more versatile all the time .

🏠 Today’s Mortgage Rates

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Kyle Allgair
CEO of KPA Wealth
📞 (279) 977-8149 | ✉️ [email protected]
🌐 KPAhomeloans.com

Kyle Allgair is the CEO of KPA Wealth, and is continuously helping clients build wealth through real estate and strategic financial planning. Contact him for personalized advice on achieving your financial goals.