Import tariffs

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X @Bloomberg
Bloomberg· 2025-08-15 07:59
Swiss chocolatier Lindt may shift production of its world-famous, gold-wrapped Easter bunnies to the US to sidestep import tariffs imposed by the Trump administration https://t.co/bh4mke6ka3 ...
X @Bloomberg
Bloomberg· 2025-07-31 00:40
Copper edged higher in London after President Donald Trump shocked the market by exempting refined metal from US import tariffs https://t.co/f7b1D3U8Qt ...
Bear of the Day: Abercrombie & Fitch (ANF)
ZACKS· 2025-07-10 12:01
Company Overview - Abercrombie & Fitch operates as an omnichannel retailer across multiple regions including the Americas, Europe, the Middle East, Africa, and the Asia-Pacific, offering a variety of apparel, personal care products, and accessories under several brands [2]. Financial Performance - The company has lowered its full-year EPS guidance to a range of $9.50–$10.50 from a previous range of $10.40–$11.40, primarily due to anticipated tariff expenses of $50 million on imports [3]. - In Q1 FY 2025, net sales grew by 8% to $1.1 billion, exceeding expectations by 7%, but adjusted EPS of $1.59 fell short of prior targets [3]. - Analysts have revised their profit forecasts downward, with the Zacks Consensus Estimate for the current year decreasing from $11.06 to $10.17 and next year's estimate dropping from $11.68 to $10.57 [3]. Market Position - Abercrombie & Fitch is currently rated as Zacks Rank 5 (Strong Sell) due to the negative outlook and multiple analysts cutting their estimates [3]. - The Retail – Apparel and Shoes industry is positioned in the Bottom 15% of the Zacks Industry Rank, indicating overall challenges within the sector [4]. - Despite the challenges, there are a few companies within the industry that are performing well, such as Stitch Fix and Urban Outfitters, which hold a Zacks Rank of 1 (Strong Buy) [4].
RTX's PhantomStrike Radar Catches Spotlight: Should You Buy the Stock Now?
ZACKS· 2025-05-13 18:35
RTX Corp. (RTX) recently revealed that its PhantomStrike radar has completed its inaugural flight test in Ontario, CA. During the test, PhantomStrike effectively tracked multiple airborne targets and delivered high-resolution terrain mapping, demonstrating its advanced capabilities.It is the industry’s first fully air-cooled, fire-control radar, engineered for long-range threat detection, tracking and targeting. Amid the evolving landscape of the global threat environment, such an announcement involving an ...
Skechers shares jump 25% after striking $9.4B deal to go private
New York Post· 2025-05-05 16:04
Core Viewpoint - Skechers has agreed to be taken private by 3G Capital in a $9.4 billion deal amid challenges from US tariffs and trade policies [1][2][3] Group 1: Deal Details - The acquisition price is set at $63 per share, which represents a 28% premium over Skechers' stock price prior to the announcement [1] - Following the announcement, Skechers' shares increased by 25% to $61.61 [1] - The deal is expected to close in the third quarter of 2025 and will be financed through cash from 3G Capital and debt financing from JPMorgan Chase Bank [4] Group 2: Market Context - Skechers withdrew its annual results forecast last month due to the impact of the Trump administration's trade policies on the global economy and consumer sentiment [2][5] - The Trump administration has increased import tariffs on Chinese goods to 145%, significantly affecting Skechers as China constitutes a major source of imports for its US business [2]
Why Rivian Stock Sold Off Today
The Motley Fool· 2025-03-28 17:09
Core Viewpoint - Automotive stocks experienced mixed reactions following President Trump's announcement of new tariffs on imported vehicles and auto parts, with Rivian Automotive benefiting initially due to its domestic production strategy [1] Group 1: Impact of Tariffs on Rivian - The new 25% tariffs on imported vehicles are expected to enhance Rivian's competitiveness against larger rivals like General Motors (GM) and Ford, which offer lower-priced electric vehicles [3] - Rivian's upcoming R2 model, priced around $45,000, aims to compete more directly with GM's Equinox and Blazer EVs [3] - Rivian currently manufactures all its electric vehicles at its Illinois plant and plans to establish a second facility in Georgia, potentially giving it a cost advantage if competitors raise prices due to tariffs [4] Group 2: Market Reactions and Price Implications - Initial investor optimism led to a 7.6% increase in Rivian's stock, but it later fell by 5.7% as concerns about overall market dynamics emerged [1][2] - Estimates suggest that the new tariffs could increase the average cost of some new cars by $5,000 to $10,000, which could benefit Rivian if competitors raise their prices accordingly [5] - However, Trump has cautioned U.S. automakers against raising prices to offset the tariffs, which could hinder Rivian's sales growth and profitability [5][6]