The Steross Market and Investing Thread
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Polds4OSU
Marshall
Another automaker is forced to shift strategy due to tariffs
Kia to cut incentives for U.S. buyers to combat tariffs
Even American manufacturers are losing billions on tariff-related costs, so one can imagine how much foreign manufacturers struggle.On July 25, South Korean automaker Kia revealed that it will adjust its U.S. business operations, cutting the incentives that automakers have been using to entice tariff-weary shoppers.
Kia vehicles manufactured at its Georgia facility will be prioritized for the U.S., while supplies are shifted away from Mexico and the Middle East. Meanwhile, cars made in Korea will be redirected to Canada to avoid U.S. tariffs.
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Polds4OSU
Marshall
Companies from Stanley Black & Decker to Conagra are saying tariffs will cost them hundreds of millions
- Companies ranging from Stanley Black & Decker to Conagra to Tesla have told analysts on earnings calls that higher tariffs will raise costs.
- The management remarks come as economists doubt that importers will continue absorbing cost increases tied to tariffs, and say they're likely to pass them on to consumers instead.
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Polds4OSU
Marshall
Procter & Gamble, the Cincinnati-based maker of products like Pampers and Tide detergent, plans to raise prices on certain items due to tariffs, while also implementing a restructuring plan that includes cutting 7,000 white-collar jobs. https://www.wlwt.com/article/procter-gamble-cincinnati-earnings-report-job-cuts/65544410
Polds4OSU
Marshall
FORD’S PROFIT WIPED OUT BY TARIFFS
Ford reports a net loss of $29 million last quarter, compared with $1.8 billion in net income a year ago, after being hit by more than $800 million from Trump’s tariffs.
Despite the fact that Ford manufactures most of its vehicles in the U.S., the company relies on parts imported from outside of the country and was also hit hard by new fees on steel and aluminum.
Ford reports a net loss of $29 million last quarter, compared with $1.8 billion in net income a year ago, after being hit by more than $800 million from Trump’s tariffs.
Despite the fact that Ford manufactures most of its vehicles in the U.S., the company relies on parts imported from outside of the country and was also hit hard by new fees on steel and aluminum.
Polds4OSU
Marshall
from the WSJ
U.S. copper futures plunged roughly 20% in late trading Wednesday after President Trump unveiled 50% tariffs on copper products but not on the raw material itself.
It is the latest example of how Trump’s gyrating trade policies have whipsawed financial markets. If Wednesday’s after-hours drop holds through Thursday’s session, it would mark copper’s biggest daily decline in records dating back to 1968, exceeding the 12% tumble on Oct. 20, 1987, after what is known as Black Monday, when a panic sent markets crashing.
U.S. copper prices surged to records and well above global prices this month after Trump said he would impose a 50% import tax on the metal, which is used to make electronics, automobiles and in construction, where it is used to convey water in pipes and electricity in wires.
Traders and businesses raced to bring copper across the border ahead of the tariff and filled metals warehouses in Baltimore, New Orleans, Detroit and other storage hubs.
On Wednesday, ahead of the Aug. 1 effective date, the White House backed off taxing copper in its less processed forms, such as concentrate and cathodes, as well as scrap and instead slapped the levy on copper products, such as wire, tubing and sheeting.
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Trump Just Crashed the Copper Market
U.S. copper futures plunged roughly 20% in late trading Wednesday after President Trump unveiled 50% tariffs on copper products but not on the raw material itself.
It is the latest example of how Trump’s gyrating trade policies have whipsawed financial markets. If Wednesday’s after-hours drop holds through Thursday’s session, it would mark copper’s biggest daily decline in records dating back to 1968, exceeding the 12% tumble on Oct. 20, 1987, after what is known as Black Monday, when a panic sent markets crashing.
U.S. copper prices surged to records and well above global prices this month after Trump said he would impose a 50% import tax on the metal, which is used to make electronics, automobiles and in construction, where it is used to convey water in pipes and electricity in wires.
Traders and businesses raced to bring copper across the border ahead of the tariff and filled metals warehouses in Baltimore, New Orleans, Detroit and other storage hubs.
On Wednesday, ahead of the Aug. 1 effective date, the White House backed off taxing copper in its less processed forms, such as concentrate and cathodes, as well as scrap and instead slapped the levy on copper products, such as wire, tubing and sheeting.
Link
Polds4OSU
Marshall
Once again American Consumers are the ones who are stuck paying the Tariffs and now Trump removed the protection of exempting tariffs on all imported goods UNDER $800.
Trump just upped the tariff burden on American consumers – this time for low-cost goods from around the world
President Donald Trump signed an executive order on Wednesday ending the de minimis tariff exemption loophole, which will make it more expensive for Americans to ship low-cost items from overseas.Beginning August 29, any shipment of imported goods valued at less than $800 will be subject to duties based on the product’s country of origin and the specific item.
It’s part of Trump’s efforts to increase domestic manufacturing, making the United States less reliant on other countries. The president has vowed to balance trade deficits with other countries, believing they unfairly harm the U.S.
Over the last 10 years, the number of low-value packages entering the U.S. has surged more than 600 percent, according to Customs and Border Patrol. In 2015, there were approximately 139 million, but in 2024 shipments rose to more than 1.36 billion.
The White House called the de minimis a “catastrophic loophole,” saying it has been used to “evade tariffs and funnel deadly synthetic opioids as well as other unsafe or below-market products that harm American workers and businesses” into the U.S.
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