Key TakeawaysCanada’s annual inflation rate slowed to 2.3% in January, coming in below the 2.4% estimate and providing the Bank of Canada with more room for potential policy easing.Nasdaq 100 futures dropped 1.1% in pre-market trading, weighed down by a 1.7% decline in Alphabet (GOOGL) and a 1% slide in Nvidia (NVDA).Masimo (MASI) shares skyrocketed 35% following news that the company will be acquired by Danaher (DHR) for $180 per share.USTR Jamieson Greer confirmed steel and aluminum tariffs will remain in ...

Core Insights - Tariffs continue to pose a significant cost challenge for General Motors (GM), but the company has managed the impact better than anticipated [1] Financial Performance - In 2025, GM incurred $3.1 billion in gross tariff costs, which was lower than the initial forecast of $3.5-$4.5 billion. By the third quarter, the company had incurred $2.4 billion, with an additional $700 million in the fourth quarter [2] - GM offset over 40% of its gross tariff costs through pricing actions, footprint adjustments, and internal cost reductions, which helped maintain margins despite trade pressures [3] Future Outlook - For 2026, GM expects gross tariff costs to be in the range of $3-$4 billion, slightly higher than in 2025 due to an additional quarter of exposure. The first-quarter impact is anticipated to be between $750 million and $1 billion [4] - The company plans to sustain its mitigation efforts through pricing discipline, manufacturing adjustments, and efficiency measures, while also increasing U.S. vehicle production and investing in supply-chain resiliency [5] Competitive Context - Ford faced a net tariff headwind of approximately $2 billion in 2025, with expectations of a $1 billion decline in tariff costs for 2026 as credits take effect [6] - Stellantis estimated its 2025 net tariff impact at around €1.5 billion, significantly affected by 25% tariffs on imports from Canada and Mexico [7] Stock Performance - GM shares have increased by 44% over the past six months, outperforming the industry [8] - GM trades at a forward price-to-earnings ratio of 6.47, which is below the industry average, and carries a Value Score of A [11]

Core Insights - President Trump's tariffs have led to layoffs in some supply chain sectors, while other industries are thriving during his second term [1] Defense and Aerospace - Defense contractors and military suppliers are benefiting from increased federal budgets and spending on national defense, resulting in significant backlogs and revenue growth [2] - The U.S. aerospace and defense industry generated nearly $1 trillion in economic activity, highlighting its importance [3] Energy and Fossil Fuels - The U.S. is the largest exporter of crude oil and natural gas, with recent production increases due to deregulation and domestic fuel production, creating jobs and capital investment [4] Healthcare and Social Assistance - The healthcare sector continues to grow, driven by demographic trends and increased longevity, making it one of the largest job-producing sectors [5] Blue Collar Jobs - There is a rising interest in vocational careers such as plumbing and HVAC due to the instability of digital services caused by inflation and policy changes [6] - Industries that combine trade skills with modern technology, like AI, are seeing higher profit margins compared to traditional tech roles [7]

Core Insights - The article discusses the impact of the president's trade policies on various stakeholders, highlighting both positive and negative effects on businesses and consumers [1] Group 1: Trade Policy Effects - Businesses express concerns over increased tariffs leading to higher costs of imported goods, which may affect pricing strategies and profit margins [1] - Consumers report experiencing higher prices for everyday products due to the trade policies, indicating a direct impact on household budgets [1] - Some industries, particularly manufacturing, are seeing a mixed impact, with certain sectors benefiting from reduced competition while others struggle with increased costs [1]

The immediate impact of President Trump's tariff announcements on the stock market last April was hard to miss. The S&P 500 (SNPINDEX: ^GSPC) experienced one of its worst two-day declines in history following the announcement. The Nasdaq Composite (NASDAQINDEX: ^IXIC) fared even worse. The only thing that prevented the indexes from falling into bear-market territory was the President's reversal of many of the tariffs announced just days prior. Many of the planned tariffs went into effect after a few modi ...

Domestic Burden - The average U.S. tariff rate increased from 2.6% to 13% in 2025, with foreign prices not significantly decreasing to offset this increase [2] - 94% of the tariff incidence was borne by the U.S. in the first eight months of 2025, indicating that American importers paid the tax on top of the original cost of goods [2][5] Supply Chain Shifts - U.S. companies reorganized their supply chains to avoid high tariffs, particularly targeting China, whose share of U.S. imports fell below 10% in 2025 from 25% in 2017 [3] - Mexico and Vietnam gained significant market share as U.S. importers shifted away from high-tariff Chinese goods [3] Exporters Hold Firm - By November 2025, pass-through rates for tariffs dropped to 86%, with a 10% tariff resulting in only a 1.4% decline in foreign export prices [4] - The anticipated relief from foreign price cuts did not materialize, with U.S. firms and consumers continuing to bear the majority of the economic burden from high tariffs [5]

Core Insights - President Trump's influence over the Republican Party appears to be diminishing as some elected Republicans become more vocal in their dissent [2][3] - Trump's low approval ratings, particularly regarding the economy, are contributing to this shift, as economic issues become increasingly important to voters [3][4] - Democrats are capitalizing on this perceived weakening of Trump's power, suggesting a potential shift in political momentum following recent electoral successes [5] Group 1: Republican Party Dynamics - A few elected Republicans, such as Rep. Thomas Massie and Sen. Thom Tillis, are increasingly vocal in their opposition to Trump [2] - Six U.S. House Republicans voted to overturn Trump's tariffs on Canada, indicating a growing divide within the party [4] - Tillis is holding up the president's Fed chair nomination in protest of a Justice Department investigation, showcasing internal party conflicts [4] Group 2: Economic Concerns - Trump's approval ratings are notably low, especially regarding economic performance, which is critical as Americans face high prices [3] - The administration's attempts to shift the narrative towards positive economic indicators, such as drug-pricing initiatives and stock market gains, have been overshadowed by political controversies [5] - Recent consumer price index figures indicate slowing inflation, but the administration's messaging on affordability remains muddled [5][6] Group 3: Political Landscape - Democrats are framing the situation as a turning point for Trump, with predictions favoring their chances to gain control of the House in upcoming midterms [5] - Trump's recent public appearances have decreased, particularly following a controversial social media post, reflecting a potential shift in his engagement strategy [6] - The White House has not commented on the internal challenges facing Trump from within the Republican Party [6]

Core Viewpoint - Pinterest's stock is experiencing a significant decline due to the impact of tariffs on its business, which is not in the expected manner [1] Group 1 - The company reported that its business has been adversely affected by tariffs, leading to a drop in stock value [1] - The nature of the impact from tariffs is different from what analysts had anticipated, suggesting unexpected challenges in the company's operations [1]

As if 2025 wasn't an odd enough year for car buyers, Cox Automotive data suggests that 2026 is already revealing an affordability issue for new vehicles. Tariffs and the threat of rising prices cajoled countless car buyers into finally making the big purchase, leading to the strongest market in years. U.S. 2025 new-vehicle sales GM: 2.83 million vehicles (+5.1% year over year); 17.3% market share Toyota: 2.52 million vehicles (+8.4% YoY); 15.5% market share Ford: 2.18 million vehicles (+5.6% YoY); 13 ...

Key Takeaways Pinterest shares tumbled Friday after the social media company's fourth-quarter results came in short of estimates. Executives said many of Pinterest's retail clients are pulling back on ad spending as they grapple with higher costs from tariffs. Pinterest’s stock is plunging after the company said its business took a hit from tariffs—though maybe not in the way you'd expect. Shares of Pinterest (PINS) were down nearly 20% Friday afternoon, a day after the social media platform cited ...