And now, after months of extensions and delays, President Trump's sweeping tariffs on dozens of America's trading partners are now in effect. The president celebrated the move overnight on social media, posting, quote, "It's midnight. Billions of dollars in tariffs are now flowing into the United States." Most imports into the US will now face a baseline 10% duty with the overall average rate rising to more than 17%. That's the highest level in nearly a century.Some of the highest rates are imposed on goods ...

On this episode of Trumponomics, we discuss how the dollar, unemployment and a $1 trillion in exemptions are clouding the future of the global trade war https://t.co/DfUltlBvDe ...

Core Viewpoint - Shopify's shares increased by 20% following strong second-quarter results and optimistic third-quarter guidance, indicating robust performance amidst macroeconomic challenges [1][2][3] Financial Performance - Second-quarter sales rose 31% year over year to $2.68 billion, an acceleration from the previous year's 20% growth [1] - Earnings per share were reported at 35 cents adjusted, surpassing the expected 29 cents [4] - Revenue exceeded analyst expectations, with actual figures at $2.68 billion compared to the forecast of $2.55 billion [4] Future Guidance - For the third quarter, Shopify anticipates revenue growth in the "mid-to-high twenties percentage rate," exceeding the 21.7% growth projected by analysts [2] - The company has factored in potential impacts from tariffs into its guidance, which did not materialize as expected [3]

Group 1 - The trade war initiated by President Donald Trump is evolving into a prolonged conflict with multiple fronts, particularly affecting the semiconductor industry through the announcement of new tariffs [1] - Observing megatrends is essential for understanding societal advancements and identifying investment opportunities, despite the challenges in recognizing and comprehending these trends [1] - The focus on fundamentals, quality of leadership, and product pipelines is crucial for uncovering investment opportunities, especially in medium-sized companies and startups [1]

Midterm Elections & Political Landscape - The White House is eager to shore up Republican seats due to historical trends against the party in power during midterm elections [1] - Democrats view affordability as a central issue, particularly concerning tariffs [6] - Healthcare concerns are a significant issue for voters, impacting the messaging around the Republican tax bill [9] Economic Impact of Tariffs & Trade War - Companies initially stockpiled supplies to mitigate tariff effects, but are now facing pressure to raise prices [4] - Ford Motor Company anticipates a significant revenue loss due to tariffs [5] - The Trump administration's tariffs and trade war are impacting the economy and will be a key issue in the upcoming campaigns [1] Jeffrey Epstein Investigation - The House Committee is investigating the Epstein case and has issued subpoenas to high-profile figures [11][12][13] - Republican leadership hoped the Epstein issue would fade, but Democrats are prepared to keep it in the spotlight [15][16][17] - The investigation includes subpoenas for testimony from former Presidents and Attorneys General [12][13]

Home sales in Toronto rose the most in nine months as the Canadian economy appeared to hold up in the face of uncertainty sparked by President Trump’s trade war https://t.co/eoOsxkLF2p ...

Trade War Impact - ECB research indicates potential job losses in Europe due to Trump's trade war, as China may redirect goods to Europe [1] - Hundreds of thousands of European jobs are at risk [1]

Canada is seeking closer collaboration with Mexico in multiple sectors amid a trade war with the US, senior ministers said during a visit that included a long meeting with President Claudia Sheinbaum https://t.co/RRQOkoDeOF ...

🎙️ On today’s Big Take Asia podcast: How Trump’s trade war is testing longstanding ties between India and Russia. ⤵️ https://t.co/AobflDds1N ...

Prime Minister Mark Carney said Canada will look for opportunities to remove some counter-tariffs against the US, despite pledging to fight back against Trump’s trade war https://t.co/I9lz9p8U65 ...