Why the US's New Shipbuilding Strategy Is Unlikely to Work
That comparison underscores the misguided logic behind the Trump administration's plan to attack China's maritime industry dominance. Starting Oct. 14, the administration aims to tax imports that arrive in Chinese-owned or Chinese-built ships, as well as any vehicles arriving in foreign-built vehicle carriers. (In some cases, the fees would be forgiven if the owner takes delivery of a similar US-built vessel within three years.) For good measure, the White House also wants to hike tariffs on imports of Chinese-made shipping containers themselves, as well as ship-to-shore cranes and the chassis on which trucks move containers to and from ports.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
Innovation, International Growth, and Strong Financials Drive Microvast Holdings, Inc. (MVST)'s Future Growth
With a low price-to-earnings multiple and strong hedge fund interest, Microvast Holdings, Inc. (NASDAQ:MVST) earns a spot on our list of the . A person inspecting a lithium-ion battery that is being recycled. Innovation, international growth, and strong financials are helping Microvast Holdings, Inc. (NASDAQ:MVST) become a significant player in the battery technology industry. Through a collaboration with Norway's Evoy, Microvast Holdings, Inc. (NASDAQ:MVST) entered the marine electrification market in 2024 by incorporating its MV-I battery into high-output electric boats, which served as a gateway to specialist industries like aviation and defense. The momentum continued in January 2025 when Microvast Holdings, Inc. (NASDAQ:MVST) unveiled a breakthrough in True All-Solid-State Battery technology, offering enhanced safety and performance. Citing Microvast's remarkable Q1 2025 results—a 43.2% YoY sales spike, a $61.8 million profit, and growing demand from the EMEA region—H.C. Wainwright reiterated a Buy rating on May 13. A few days later, on May 19, Microvast Holdings, Inc. (NASDAQ:MVST) demonstrated its innovative edge by showcasing its newest high-energy and fast-charging batteries at the China International Battery Fair. Looking ahead, the company is in an excellent position for future growth, as seen by its shares rising 694% in the last year. Microvast Holdings, Inc. (NASDAQ:MVST) provides solid-state energy storage and battery solutions for EVs, making it a compelling low-cost investment in the sector. It is included in our list of cheap solid state battery stocks. While we acknowledge the potential of MVST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and 10 Cheap Lithium Stocks to Buy According to Hedge Funds. Disclosure: None.
Yahoo
an hour ago
- Yahoo
United Parcel Service (UPS) Releases Q2 2025 Results
United Parcel Service, Inc. (NYSE:UPS) is one of the Best 52-Week Low Blue Chip Stocks to Buy Now. On July 29, the company released its Q2 2025 results, wherein its consolidated revenues came in at $21.2 billion. Despite the worries related to the trade policies, in Q2 2025, the overall US economy exhibited continued resilience, but the US small package market was unfavourably impacted by the consumer sentiment, which was near historic lows. In Q2 2025, United Parcel Service, Inc. (NYSE:UPS)'s overall US average daily volume fell by 7.3%. However, because of its strategic actions, the company saw a positive shift in the mix of business, as revenue declined by only 0.8%. A warehouse filled with boxes of parcels, symbolizing the companies reliable logistics services. For Q2 2025, United Parcel Service, Inc. (NYSE:UPS) stated that its US domestic generated revenue of $14.1 billion, down marginally compared to last year, mainly because of the decline in Amazon revenue, which was partially mitigated by increases in air cargo and revenue per piece. In Q2 2025, revenue per piece rose 5.5% YoY. Breaking down, the net impact of base rates and package characteristics rose revenue per piece growth rate by 250 bps, customer and product mix improvements by 200 bps, while fuel drove a 100-bps increase. For FY 2025, United Parcel Service, Inc. (NYSE:UPS) expects capital expenditures of ~$3.5 billion, while dividend payments are expected to be ~$5.5 billion, subject to Board approval. River Road Asset Management, an investment management company, released its Q4 2024 investor letter. Here is what the fund said: 'As of December 31, the portfolio held 29 positions, up four positions from Q3. During Q4, the largest sector increase was 736 bps within industrials, while the largest decrease was -276 bps within consumer discretionary. We established five new positions and eliminated one position While we acknowledge the potential of UPS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNN
2 hours ago
- CNN
Appeals court keeps order blocking Trump administration from indiscriminate immigration sweeps
Immigration Donald TrumpFacebookTweetLink Follow A federal appeals court ruled Friday night to uphold a lower court's temporary order blocking the Trump administration from conducting indiscriminate immigration stops and arrests in Southern California. A three-judge panel of the Ninth US Circuit Court of Appeals held a hearing Monday afternoon at which the federal government asked the court to overturn a temporary restraining order issued July 12 by Judge Maame E. Frimpong, arguing it hindered their enforcement of immigration law. Immigrant advocacy groups filed suit last month accusing President Donald Trump's administration of systematically targeting brown-skinned people in Southern California during the administration's crackdown on illegal immigration. The lawsuit included three detained immigrants and two U.S. citizens as plaintiffs. In her order, Frimpong said there was a 'mountain of evidence' that federal immigration enforcement tactics were violating the Constitution. She wrote the government cannot use factors such as apparent race or ethnicity, speaking Spanish or English with an accent, presence at a location such as a tow yard or car wash, or someone's occupation as the only basis for reasonable suspicion to detain someone. The Los Angeles region has been a battleground with the Trump administration over its aggressive immigration strategy that spurred protests and the deployment of the National Guards and Marines for several weeks. Federal agents have rounded up immigrants without legal status to be in the U.S. from Home Depots, car washes, bus stops, and farms, many who have lived in the country for decades. Among the plaintiffs is Los Angeles resident Brian Gavidia, who was shown in a video taken by a friend June 13 being seized by federal agents as he yells, 'I was born here in the states, East LA bro!' They want to 'send us back to a world where a US citizen … can be grabbed, slammed against a fence and have his phone and ID taken from him just because he was working at a tow yard in a Latino neighborhood,' American Civil Liberties Union attorney Mohammad Tajsar told the court. The federal government argued that it hadn't been given enough time to collect and present evidence in the lawsuit, given that it was filed shortly before the July 4 holiday and a hearing was held the following week. 'It's a very serious thing to say that multiple federal government agencies have a policy of violating the Constitution,' attorney Jacob Roth said. He also argued that the lower court's order was too broad, and that immigrant advocates did not present enough evidence to prove that the government had an official policy of stopping people without reasonable suspicion. He referred to the four factors of race, language, presence at a location, and occupation that were listed in the temporary restraining order, saying the court should not be able to ban the government from using them at all. He also argued that the order was unclear on what exactly is permissible under law. 'Legally, I think it's appropriate to use the factors for reasonable suspicion,' Roth said The judges sharply questioned the government over their arguments. 'No one has suggested that you cannot consider these factors at all,' Judge Jennifer Sung said. However, those factors alone only form a 'broad profile' and don't satisfy the reasonable suspicion standard to stop someone, she said. Sung, a Biden appointee, said that in an area like Los Angeles, where Latinos make up as much as half the population, those factors 'cannot possibly weed out those who have undocumented status and those who have documented legal status.' She also asked: 'What is the harm to being told not to do something that you claim you're already not doing?'
