Core Viewpoint - The announcement of a 25% duty on imported heavy trucks by the US government has led to a decline in stock prices for major European truck manufacturers, while companies with less reliance on Mexican manufacturing, like Volvo, have seen stock increases. Group 1: Impact of Tariffs - The US plans to impose a 25% duty on imported heavy trucks starting Wednesday, causing Daimler Truck shares to fall by as much as 4.9% and Traton's stock to drop by 3.1% [2] - The truckmakers have faced increasing trade hurdles, including a 15% duty on cars imported from the European Union, affecting companies like Porsche AG and Volkswagen's Audi [4] Group 2: Company-Specific Responses - Daimler Truck generates about 40% of its global sales in the US, with significant exposure to potential disruptions from tariffs due to its operations in Mexico [5] - Traton has already experienced a slump in deliveries and orders due to tariff uncertainty in the US, leading to a reduction in shifts at its International Motors plant in Mexico [6] Group 3: Competitive Positioning - Volvo AB's stock rose by as much as 3.45% as it is better positioned than its peers, relying less on manufacturing in Mexico, with local content of its US trucks between 60% and 70% [3][6] - Volvo stated that it is premature to assess the potential effects of the tariffs without seeing the actual legislative proposal [7]

Export Performance - China's exports reached $2.5 trillion through August, the highest ever for any country [1] - This export surge is driven by rising global demand [1] - A weaker yuan and domestic deflation are making Chinese exports cheaper [2] Geopolitical Implications - China's strong export performance strengthens its position in trade talks with the U.S [2] - Some governments are hesitant to push back against China due to a desire to maintain good relations and avoid a trade war [3] Impact on Foreign Firms - The influx of Chinese goods is putting pressure on foreign companies [2] - The U.S. tariffs of 50% or more on Chinese goods have not stopped China's export growth [1] Domestic Economic Impact - Strong exports are boosting China's economic growth amidst domestic challenges [1]

Core Viewpoint - President Trump announced plans to impose new tariffs on pharmaceuticals and large trucks, aiming to protect American jobs and industries [1] Group 1: Pharmaceuticals - The proposed tariffs are part of a broader strategy to reduce dependency on foreign-made drugs and encourage domestic production [1] - The pharmaceutical industry is expected to face increased costs, which may lead to higher prices for consumers [1] Group 2: Trucking Industry - New levies on big trucks are intended to support American manufacturers and address trade imbalances [1] - The trucking industry may experience disruptions as companies adjust to the new tariffs, potentially impacting supply chains [1]

Tariffs Overview - The new tariffs include a 25% levy on heavy trucks and 100% tariffs on pharmaceuticals, set to take effect next Wednesday [2][4][9] - The tariffs are part of ongoing investigations by the Commerce Department under the Section 232 rule, which may be more difficult to legally challenge compared to previous tariffs [3][4] Pharmaceutical Sector Impact - The implementation of the 100% tariff on pharmaceuticals could increase the average tariff rate by 3.3 percentage points [5] - Major pharmaceutical companies like AstraZeneca, Johnson & Johnson, and Merck have been preparing for potential tariffs this year, with some pledging billions in US manufacturing investments [6][7] - There are uncertainties regarding whether companies can be exempted from tariffs if they are constructing US manufacturing plants, and how these new tariffs will interact with existing agreements, such as the 15% tariffs agreed upon with the EU [8]

How do we fix this. It looks like pharmaceutical stocks are going to be under a little bit of pressure this morning, but European equities broadly look like they're on the front foot. Absolutely.Futures are up across the board actually now. And that's perhaps surprising because we've had these big tariff announcements. If you look back to April, when we had announcements like this, it weighed on equities very heavily.But I think there are two factors happening here. One is that this has happened before. We' ...

AND AFRICA. " OUR TOP STORIES THIS MORNING. THROWING IN THE KITCHEN SINK. U.S. PRESIDENT DONALD TRUMP ANNOUNCES A 100% LEVY ON PHARMACEUTICALS, AS WELL AS HEAVY TRUCKS, KITCHEN CABINETS, AND BATHROOM VANITIES. TRUMP SIGNS AND OFFER FOR TIKTOK. AND A WHITE HOUSE MEETING. TRUMP URGES TYPE OF ERDOGAN TO HALT PURCHASES OF RUSSIAN OIL WHILE HOLDING THE DOOR OPEN FOR TURKEY OBTAINING FIGHTER JETS, SAYING HE WANTS SOMETHING IN RETURN. IT HAS JUST GONE 8:00 A.M. DEFINITELY TRUMP WANT SOMETHING IN RETURN IN RELATION ...

European stocks gained as investors were unmoved by President Donald Trump’s threats to slap tariffs on patented drugs https://t.co/J3VsqFol7e ...

Asian Pharmaceutical Stocks Slump As Trump Announces 100% Tariffs On Patented Drugshttps://t.co/umLkYIwPlC https://t.co/Ml1TrIl5xU ...

Core Viewpoint - The announcement of new tariffs by Trump, including a 100% levy on drugs from companies not building plants in the U.S., has led to a decline in the value of the dollar [1] Group 1 - The new tariffs specifically target pharmaceutical companies that do not invest in U.S. manufacturing [1] - The 100% levy on drugs is a significant increase that could impact pricing and availability in the market [1] - The announcement has immediate effects on currency valuation, as evidenced by the dollar turning lower [1]

Representative imageCompanies without existing US manufacturing plants could face the full impact, triggering declines across major drugmakers in South Korea, Japan, and Hong Kong.In South Korea, Samsung Biologics fell 1.6%, while SK Biopharmaceuticals slid 2.6%. Celltrion, which recently acquired ImClone Systems from Eli Lilly in the United States for $330 million, rose 1.3% after recouping earlier losses.In Japan, Sumitomo Pharma tumbled 4.3%, Otsuka Holdings dropped 3.5%, and Daiichi Sankyo lost 1.6%. Ta ...