On today’s Big Take podcast, Everybody’s Business host @svaneksmith takes us through Tariff 101: The nitty-gritty of how tariffs are calculated and collected, plus who’s really paying Trump’s tariffs so far https://t.co/PH4AknxEzW https://t.co/zvQ8nJ7tCM ...

As we turn to gold, the president continuing to flood the zone. In his second hundred days. Well, I guess we're beyond that now.We're in we're at 205 or something today. GOLD Yes, indeed. The president untruth social gold will not be tariff, he says, exclamation point.That's the whole post. Remembering the back and forth next week that sent gold to the moon and then a whole round trip back to where we started. Following reports that imported gold bars would be tariffs.Mike McGlone joined us. He's back now w ...

Trump reveals whether tariffs will impact gold imports: https://t.co/wlZaxhq6on https://t.co/j4f2MOMY09 ...

Market Trends & Tariffs - Gold shares fell despite a slight profit beat in Q2 due to uncertainty surrounding potential gold tariffs from the White House [1] - The market is awaiting clarification on whether gold bars will be subject to import taxes, particularly from Switzerland, which now has a higher Swiss rate [2][3] - The industry is unsure about the specifics of potential tariffs and is awaiting clarification [8] - The impact of tariffs on global gold demand is uncertain, with some believing existing gold supplies would mitigate the effect [6][7] Company Performance & Production - Gold production came in below estimates [1] - The company reported strong prices, lower production costs, and bigger margins [9][10] - The company paid 50% more dividend and has no net debt [10] - The company anticipates a 30% increase in gold equivalent ounce growth over the next 5 years [10] - Gold output is up and on track for the year's outlook, with copper also up materially and unit costs down [11] Global Supply Chain & Risks - The company manages a global supply chain across four continents and is one of the biggest gold miners in the United States [11] - The company is managing tariff impacts reasonably well, with opportunities to redirect the supply chain in non-US operations [12] - Deglobalization and challenges within the global economy present upside risk for gold prices [6]

JUST IN: 🇺🇸 President Trump says tariffs are making the US "strong and rich." ...

Market Trends & Potential Risks - White House considering an executive order addressing misinformation about potential tariffs on gold bars, causing market uncertainty [1] - A 39% tariff on Swiss gold could equate to $24 billion USD in tariffs annually, disrupting the gold trading dynamic between Switzerland, London, and New York [2] - Geopolitical uncertainty and a weakening dollar are contributing to higher gold prices [4] Investment Opportunities & Considerations - Gold is seen as a safe and finite investment option with a 75-year history and a 9% return [6] - Crypto is considered new and volatile compared to gold [6] - A million dollars worth of gold can be stored in a small safe [8] Economic Factors - Expectation of interest rates decreasing is influencing market behavior [4] - Dollar weakening makes gold more valuable [4]

Market Uncertainty & Policy Impact - The market is awaiting clarification from the White House regarding a potential executive order addressing misinformation in the gold markets [1] - A Customs and Border Protection Agency ruling imposed tariffs on 108 spires or kilo bars of gold, causing shock in the markets [2] - Refiners are hesitant to ship gold to the United States due to the risk of a potential 39% tariff on gold bars, given the industry's slim margins [3] Potential Consequences of Tariffs - A 39% premium on gold bars would likely make it impossible to ship gold to the United States, as it's an investment asset, not a good [4][5] - The market may not function with tariffs on gold, impacting the biggest gold futures market in the world in New York [5][6] - There is hope that the tariff is a misunderstanding and will be rolled back, but uncertainty and fear persist in the market [6]

For all the triumphalism from Trump on trade deals, a symptom of his rush to raise tariffs is emerging: messy economic consequences https://t.co/gck36bfFuU ...

The impact of President Donald Trump’s tariffs on consumer prices is just getting started, according to research by Goldman Sachs https://t.co/tExqPN6Kdx ...

Trade & Tariffs - Trump administration is pressuring tech companies to manufacture in the US, exemplified by his meeting with Apple CEO Tim Cook regarding iPhone production [1] - Wedbush Securities believes the possibility of manufacturing iPhones in the US is unrealistic, estimating a potential price of $3,500 per iPhone [5] - Tariffs are ultimately paid by consumers, potentially increasing prices and creating pressure on household budgets if the 100% tariff remains in place [15] - The market is currently "shrugging off" tariff concerns, viewing them as negotiable and subject to exemptions for companies that invest in the US [9] Geopolitics & Business Strategy - Apple is navigating political challenges by investing in India and China, receiving exemptions as a result [4] - Companies are striving to align with the Trump administration to avoid tariffs and headwinds [6] - The AI revolution is considered a major industrial revolution, with the US currently ahead of China in tech [7][10] AI & Energy Consumption - The AI revolution is driving increased demand for data centers, leading to a surge in construction and a need for 6-8 times more power [16] - Nuclear energy is seen as a potential solution to meet the growing energy demands of AI, but faces public acceptance challenges [16][17] Market Outlook - Despite potential market nervousness, tech stocks are expected to rise by another 25% over the next year [12]