Day: August 7, 2025
Trump’s 100% chip tariff threat leaves more questions than answers
U.S. President Donald Trump speaks during an event with Apple CEO Tim Cook in the Oval Office of the White House on August 6, 2025 in Washington, DC. Win Mcnamee | Getty Images After months of speculation, U.S. President Donald Trump has divulged more of his semiconductor tariff plans, but his latest threats might create […]
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Toyota Motor cuts annual operating profit forecast after earnings beat as U.S. tariffs bite
A sign with the Toyota logo in Surrey, England on August, 2023 Peter Dazeley | Getty Images News | Getty Images Toyota Motor on Thursday cut its annual operating profit forecast as the world’s largest auto company by sales volumes grapples with U.S. auto tariffs. Here are Toyota’s results compared with the mean estimates from […]
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India’s $434 billion merchandise exports engine: What’s at stake after Trump doubles tariffs to 50%
India’s exports to the U.S. face a steep 50% tariff after U.S. President Donald Trump on Wednesday slapped an additional 25% duty on Indian goods over the country’s oil purchases from Russia. The extra duties — set to come into effect within 21 days — will be stacked on top of the 25% tariffs on […]
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European stocks set for broadly higher open amid more tariff news; BOE and earnings ahead
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China’s July exports top expectations, rising over 7%; imports record biggest jump in a year
A cargo ship carries foreign trade containers on the Jiaozhou Bay waterway in Qingdao, Shandong Province, China, on August 5, 2025. Costfoto | Nurphoto | Getty Images China’s export growth in July sharply beat market expectations as the clock on a tariff truce with the U.S. keeps ticking, while imports rose to their highest in […]
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Trump’s ‘100% chip tariffs’ hit Japan’s giants, but Samsung and TSMC rise on U.S. bets
Asia semiconductor-related stocks traded mixed Thursday after U.S. President Donald Trump announced he would impose a 100% tariff on chip imports, with an exemption for companies that are “building in the United States.” Details on how much domestic manufacturing is required to qualify for the exemption remain unclear. Japanese semiconductor manufacturer Tokyo Electron fell over […]
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CNBC Daily Open: Russian oil costs India big
US President Donald Trump speaks with the press as he meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | AFP | Getty Images India’s set to face a 50% tariff after the White House announced an additional 25% levy […]
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General Motors, Hyundai to develop five vehicles amid rising competition
The General Motors headquarters inside the Renaissance Center in Detroit on April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images General Motors and Hyundai Motor on Wednesday outlined plans to develop five vehicles as they seek to lower costs amid growing competition from nimble Chinese rivals. Four of the vehicles — a compact SUV/car/ […]
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