When Does Spider-Man: Far From Home Trailer Take Place?

Marvel Studios today released a new trailer for Spider-Man: Far From Home.
The trailer references some of the events of Avengers: Endgame.
According to ComicBook.com, the trailer confirms that the film takes place after Avengers: Endgame.
There was speculation that Far From Home may take place earlier in the Marvel Cinematic Universe timeline.
The trailer has Peter considering whether Spider-Man can step into the shoes left vacant by Tony Stark’s death and carry on the legacy of Iron man.