Europe's economy should be able to deal with a 15% tariff rate as talks with the US are progressing, BNP Paribas CFO Lars Machenil tells @annaedwardsnews https://t.co/1nGme26nxB https://t.co/nnx8fuOaiX ...

Europe’s economy should be able to deal with a 15% tariff rate as talks with the US are progressing, according to one of the region’s largest banks https://t.co/j3yW3LDNBH ...

Germany’s private sector keeps growing, a sign of resilience in the face of Donald Trump’s intensifying tariff threats and optimism over the government’s spending push https://t.co/7szDMKRvP5 ...

Trade Policy - EU and US are progressing towards an agreement that would establish a 15% tariff for most imports [1] Geopolitical Impact - The EU-US trade agreement development overshadows a visit to China [1]

Summary of the China Pet Food Sector Conference Call Industry Overview - The conference call focused on the **China Pet Food Sector**, discussing earnings previews and market dynamics for Q225. Key Companies Discussed 1. **Gambol** 2. **China Pet Foods (CPF)** 3. **Petpal** Core Insights and Arguments Market Performance - **Gambol** shares dropped over **15%** recently, while **China Pet Foods** fell more than **10%** due to: - **Overseas sales deceleration** attributed to tariffs, with pet food exports to the U.S. declining by **42% YoY** in April-May [2][3] - **Increased domestic competition** during the 618 festival, leading to deeper promotions and margin pressure [2] Earnings Expectations - **Gambol**: - Expected **Q225 overseas sales** to decline by **25% YoY** due to tariffs, while domestic sales are projected to grow by **30-35% YoY** [3] - Estimated **net profit** to remain flat YoY at **Rmb162 million** [3] - **China Pet Foods (CPF)**: - Anticipated **Q225 sales growth** of **13.5%**, with domestic sales up **30% YoY** and overseas sales up **10%** [4] - Projected **net profit** increase of **33% YoY** to **Rmb115 million** [4] - **Petpal**: - Expected **Q225 sales decline** of **9%**, with domestic sales down **11%** and overseas sales down **8%** due to tariffs [5] - Estimated **net profit** decrease of **11%** to **Rmb50 million** [5] Revisions and Valuations - **Gambol**: - Revenue estimates for **2025-27** revised down by **3.8-4.3%** and EPS cut by **13-14%** due to tariff uncertainties and increased promotions [6] - Price target reduced to **Rmb96.5** from **Rmb113.1**, implying a **53.5x 2025E PE** [6] - **Petpal**: - EPS for **2025-27** revised down by **6-7%** due to tariff pressures [6] - Price target lowered to **Rmb17.0** from **Rmb18.5**, implying a **30x 2025E PE** [6] Ratings - **China Pet Foods (CPF)**: Rated as **Buy** due to strong brand growth and North American capacity expansion [7] - **Gambol** and **Petpal**: Rated as **Neutral**, reflecting fair valuations and ongoing U.S. tariff uncertainty [7] Additional Important Points - Potential risks for the pet sector include: - Slower-than-expected expansion of domestic brands - Pet food safety issues - Profitability challenges due to price wars and rising raw material costs [23][24][25][26] - The report emphasizes the importance of monitoring tariff impacts and competitive dynamics in the pet food market [23][24][25][26]

Trade Relations - Brazil and Mexico leaders aim to expand trade relations [1] - This is driven by increasing concerns about US tariffs for both export-oriented economies [1]

The Philippines will aim to bring down the tariff imposed by the US to 15% from 19%, Manila’s envoy to Washington said https://t.co/M20QKY56uo ...

Donald Trump suggested that he would not go below 15% as he sets so-called "reciprocal" tariff rates ahead of an Aug. 1 deadline, an indication that the floor for the increased levies was rising https://t.co/HgZxJb7CjV ...

Welcome back. In just a few minutes, President Trump is set to deliver remarks unveiling his AI action plan as well as sign executive orders aimed at accelerating AI innovation here in the US. It's the administration's latest push to expand AI infrastructure and investments.With the White House, AISAR telling reporters, quote, "It's a global competition now to lead in artificial intelligence." As the president races to cement the US as the leader in AI technology, his trade team is also rushing to negotiate ...

Trade Agreement - The European Union and the US are moving towards a trade agreement [1] - The proposed agreement includes a 15% tariff on most products [1]