"President Trump has implemented tariffs on a global scale, with significant increases targeting Canada and pharmaceuticals, leading to heightened trade tensions and investor concern."
"Levi Strauss reported earnings of $0.22 per share in Q2, outperforming analyst expectations and indicating a strong outlook for the company's performance through 2025."
"The President warned that tariffs on certain Canadian imports could rise to 35%, with blanket tariffs potentially increasing to 20%, causing immediate pre-market stock declines."
"Investors are reacting to tariff announcements with volatility in the stock market, as seen by a 0.5% drop in the Vanguard S&P 500 ETF premarket."
President Trump widened his trade war by announcing significant tariffs on imports from Canada and pharmaceuticals, which could lead to tariffs as high as 200% in some cases. Investors expressed concern following these announcements, reflected by a 0.5% drop in the Vanguard S&P 500 ETF. On a more positive note, Levi Strauss reported a strong fiscal Q2 profit of $0.22 per share, surpassing expectations and projecting continued earnings growth for 2025. The mixed news from tariffs and corporate earnings created notable volatility in the stock market.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]