
Vietnam Sees Trump Tariffs Cutting Up to a Third of US Exports
Tariffs of 20% to 40% would slash export revenue by up to $37 billion, and hit the majority of Vietnam's key industries, including electronics, machinery, garments, footwear and furniture, according to a document prepared for Prime Minister Pham Minh Chinh's advisory council and seen by Bloomberg News.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
SergeFerrari Group: Revenue of €178.7 Million in the First Half of 2025
Continued sales momentum in the 2nd quarter of 2025 Growth exceeds 10% in the first six months of 2025 SAINT-JEAN-DE-SOUDAIN, France, July 29, 2025--(BUSINESS WIRE)--Regulatory News: SergeFerrari Group (FR0011950682 – SEFER), SergeFerrari Group (FR0011950682 - SEFER), a leading global supplier of innovative flexible composite materials, listed on Euronext Paris – Compartment C, today announced its revenues for the first half of 2025. Breakdown of sales by geographic area (unaudited) (€ thousands) 2ndquarter2025 2ndquarter2024 Ch. atcurrentscope andexchangesrates Ch. atconstantscope andexchangesrates H1 2025 H1 2024 Ch. atcurrentscope andexchangesrates Ch. atconstantscope andexchangesrates Europe 69,068 66,730 +3.5% +3.2% 128,589 120,519 +6.7% +6.5% Americas 14,979 8,325 +79.9% +86.4% 23,399 16,003 +46.2% +48.7% Asia – Africa – Pacific 15,512 13,387 +15.9% +16.0% 26,743 25,382 +5.4% +5.4% Total revenues 99,558 88,442 +12.6% +13.0% 178,731 161,904 +10.4% +10.5% Sébastien Baril, SergeFerrari Group's chairman of the Executive Board, stated: "Signs of improvement in our historic markets are gradually materializing. Serge Ferrari recorded an increase in revenues of over 10% in the first half of the year. This performance encourages us to continue our efforts to increase our operating leverage, our customer service and the flexibility of our cost structure in an environment where adaptability and responsiveness remain key." Q2 2025 activity The Group reported revenue of €99.6 million in the 2nd quarter of 2025, up 12.6% on a current scope and exchange rate basis, and up 13.0% on a constant scope and exchange rate basis compared with the same period last year. This change is due to: A currency effect of -0.4 %; A volume effect of -3.0%, due mainly to a fall in volumes of modular structures, for which the end markets are declining; A favorable price-mix effect of +16.0%, driven by a confirmed recovery in activities that have traditionally been profitable for the Group, such as Solar Protection and the new Solutions business lines, as well as the impact of price increases introduced to mitigate the negative effect of high inflation on certain raw materials. H1 2025 activity The Group posted sales of €178.7 million in the first half of 2025, up by more than 10% on both current and constant scopes and exchange rates. Half-year sales trends by geographical region are as follows: Europe posted solid revenue growth of 6.7% on a current scope and exchange rate basis and 6.5% on a constant scope and exchange rate basis, with sales of almost €129 million over the period, thanks to historic markets that remain well oriented. After a difficult 2024 exercise in North American markets, sales in the Americas rebounded strongly in the first half. Growth accelerated sharply between the 1st and 2nd quarters, taking half-year sales up to €23.4 million, representing growth at constant scope and exchanges rates of +49%. Sales in the Asia-Africa-Pacific region were up 5.4% on H1 2024, both on a current and constant scope and exchange rates basis, due to good momentum in the various markets. Outlook Based on a seasonal history between the first (driven by solar protection activity and tense architecture) and the second half of the fiscal year, the group will focus (despite an uncertain context, particularly on the geopolitical level) on maintaining its trajectory initiated with Transform 2025 that aims at increasing its adaptability and profitability. Financier calendar Publication of first half 2025 results on September 10, 2025, after market close. ABOUT SERGEFERRARI GROUP The Serge Ferrari Group is a leading global supplier of composite materials for Tensile Architecture, Modular Structures, Solar Protection and Furniture/Marine, in a global market estimated by the Company at around €6 billion. The unique characteristics of these products enable applications that meet the major technical and societal challenges: energy-efficient buildings, energy management, performance and durability of materials, concern for comfort and safety together, opening up of interior living spaces etc. Its main competitive advantage is based on the implementation of differentiating proprietary technologies and know-how. The Group has manufacturing facilities in France, Switzerland, Germany, Italy and Asia. Serge Ferrari operates in 80 countries via subsidiaries, sales offices and a worldwide network of over 100 independent distributors. At the end of 2024, SergeFerrari Group posted consolidated revenues of €323.6 million, more than 80% of which was generated outside France. SergeFerrari Group is listed on Euronext Paris – Compartment C (ISIN code: FR0011950682). SergeFerrari Group shares are eligible for the PEA-PME and FCPI investment schemes. View source version on Contacts Valentin Chefson Head of Relations Investisseursinvestor@ NewCap Investor Relations – Financial Communication Théo MartinTel. : 01 44 71 94 94sferrari@
Yahoo
21 minutes ago
- Yahoo
5 Reasons Trump's Trade Deal With China Is Bad News for the Middle Class
President Donald Trump's latest trade deal with China may look like a diplomatic win, but for the American middle class, it comes with hidden costs. Trending Now: Find Out: While tariffs are being reduced in exchange for promises from Beijing, households could still face higher prices, disrupted supply chains and reduced job growth. Here are four reasons Trump's trade deal with China is bad news for the middle class and what families can do to protect their finances. Higher Consumer Prices Despite Tariff Relief Even as the U.S. and China approach an August trade deal deadline, prices on many consumer goods remain elevated, and middle-class households continue to feel the strain. Some experts argue that the new tariffs may not drastically shift average import prices. However, middle-class families are more likely to feel the impact in specific categories, such as electronics, tools and household goods. 'U.S. companies scrambled to import as many goods as possible to stockpile before new tariffs were fully implemented, mitigating the immediate impact of tariffs on prices,' said Bryan Riley, Director of the Free Trade Initiative at the National Taxpayers Union. Riley said that since imports from China account for just 13.2% of total U.S. imports, increases in the price of specific Chinese goods may not push up the overall import average. However, they can still significantly affect middle-class budgets for everyday items. Read More: Erosion of Real Incomes and Job Losses An analysis by the Federal Reserve Bank of San Francisco warned that Trump's trade measures could cut national real income by around 0.4%, while losses in services and agriculture might offset job gains in manufacturing. 'What's pitched as economic growth is actually a slow bleed: Manufacturing jobs won't magically return, and small businesses relying on predictable import costs are about to face more whiplash,' said Patrice Williams Lindo, CEO of Career Nomad. 'Wages stay stagnant while everyday costs climb. And here's the kicker — there's no workforce investment baked into this deal. That means your job security, benefits and opportunities to grow could evaporate, especially if your industry leans heavily on exports or global sourcing.' Volatile Markets and Supply Chain Instability Although the China deal eased recession fears, experts said that uncertainty around ongoing tariffs still disrupts manufacturing and logistics. Businesses may hold back investment or retool supply chains, raising costs for middle-class consumers and slowing hiring. For example, uncertainty remains one of the most significant threats to economic momentum, particularly for businesses making long-term decisions. 'The real issue is that this deal doesn't create clarity. It reinforces an environment of 'wait and see,' Robert Khachatryan, CEO and founder of Freight Right. 'That's not how you build confidence in the economy.' Khachatryan added, 'You can't expect small and midsize businesses, who employ a huge portion of America's middle class, to plan for the future when they're stuck playing defense against the next round of tariffs.' Missed Middle-Class Priorities in the Deal While the latest Trump-China deal touts manufacturing wins, some economists warn it overlooks the broader economic trade-offs that directly affect the middle class. 'We have an experiment,' said Michael Froman, president of the Council on Foreign Relations, in a recent interview on Conversations with Jim Zirin. 'In 2018, President Trump imposed 25% tariffs on steel. Seven years later, we have 1,000 more steelworkers, but 75,000 fewer workers in manufacturing sectors that relied on steel, and a 30% drop in steel sector productivity.' This kind of trade-off may deliver political wins, but it overlooks how tariff-driven policies ripple into everyday life for the middle class. 'Over time, reduced job stability in trade-sensitive sectors and a slowdown in wage growth may exacerbate economic insecurity for families already stretched thin by inflation and debt servicing costs,' said Jean-Baptiste Wautier, a private equity CIO and World Economic Forum speaker. How To Protect Your Budget Middle-class families can shield themselves by using rewards or rebate programs and strategically stockpiling essentials before potential tariff increases. Julian Merrick, founder and CEO of Supertrader, a fintech firm focused on global markets, recommends starting with a small emergency fund, even setting aside $200 to $300, which can help families avoid debt when unexpected expenses arise. 'It also helps to cut back on spending in categories where prices are rising — things like tech, clothes or imported goods,' Merrick said. 'Families should avoid taking on new high-interest debt right now, especially for non-essentials. And for those with investments, make sure the money is spread out across different industries.' Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 6 Hybrid Vehicles To Stay Away From in Retirement This article originally appeared on 5 Reasons Trump's Trade Deal With China Is Bad News for the Middle Class 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
Yahoo
21 minutes ago
- Yahoo
Impact Silver Intersects 18.03% ZnEq over 2.60m Including 23.70% ZnEq over 0.73m at the Plomosas Mine
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce results from its initial underground drill program in the Santo Domingo Zone at its Plomosas zinc (lead-silver) Mine in northern Mexico. SANTO DOMINGO ZONE DRILLING First IMPACT drill intersections from the Santo Domingo Zone of the Plomosas Mine are as follows: TABLE 1: SANTO DOMINGO ZONE DRILL RESULTS Hole No. From (metres) To (metres) Interval (metres) Estimated True Width (metres) Zinc (%) Lead (%) Silver (g/t) ZnEq* (%) UGSD-2501 59.50 63.00 3.50 3.32 6.35 1.56 8.06 7.64 Including 61.50 63.00 1.50 1.42 12.50 2.56 14.80 14.66 UGSD-2502 70.41 82.50 12.09 10.68 4.13 2.32 10.02 5.97 Including 71.91 76.50 4.59 4.06 8.37 3.59 16.36 11.25 Including 71.91 72.53 0.62 0.55 23.30 15.00 54.10 34.78 Including 74.45 75.00 0.55 0.49 15.40 7.45 29.10 21.19 UGSD-2504 47.06 48.18 1.12 0.89 9.03 21.20 30.10 23.56 UGSD-2505 74.40 77.82 3.42 2.60 11.08 9.24 30.00 18.03 Including 76.86 77.82 0.96 0.73 12.50 15.55 37.00 23.70 *Zinc Equivalent (ZnEq) is calculated using recent metal prices of US$1.21/lb Zn, US$0.88/lb Pb and US$38.07/oz Ag, and metal recoveries of 88.9% Zn, 77.3% Pb, and 71.3% Ag based on recent Plomosas production mill recoveries. Metal equivalence values allow for easier comparison of mineral zones with multiple metals reporting. True width estimates are interpreted from current geological models. These Santo Domingo drill holes are located north of IMPACT's active mine workings in the Plomosas Mine (see Figures 2&3). All these Santo Domingo drill intersections lie outside the JORC mineral resource blocks published by the previous operator (see IMPACT news release dated April 3, 2023 for details). Santo Domingo Zone mineralization remains open for exploration and drilling is continuing. CEO STATEMENT President and CEO Frederick Davidson commented, "Finding high-grade mineralization on this extension of the Santo Domingo Zone beyond the mine workings, adds yet more upside to the Plomosas Mine. Before this drilling, this area had not figured into our mining plans but with the zone located close to our active mine workings at Plomosas, it represents another area where we can quickly add high-grade production. Drilling is continuing with the aim to define additional resources on multiple zones at Plomosas." PLOMOSAS MINE GEOLOGY AND MINERALIZATION The Plomosas mine, a historic high-grade zinc producer in northern Mexico (Figure 1), was acquired in 2023 by the Company. Recent drill programs have been undertaken on extensions of active mine areas in the Tres Amigos area and nearby in the Juarez and Santo Domingo areas, where drilling continues (see Figure 2). Mineralization at the Plomosas mine occurs as zinc-rich Carbonate Replacement zones in three bedrock units - the Mina Vieja marble (Tres Amigos Zone), the Juarez limestone (Juarez Zone) and in carbonate layers within the Cuesta Shale (Santo Domingo Zone) - where structural ground preparation along these units accommodated concentrations of zinc, lead, and silver (see Figure 3). ABOUT IMPACT SILVER IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico. Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 13 million ounces of silver, generating revenue of more than $284 million, with no long-term debt. Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. In late 2023, the Company restarted mining operations and is ramping up production toward design capacity levels. Exploration potential at Plomosas is exceptional along the 6 km-long structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same belt as some of the largest carbonate replacement deposits in the world. Quality Control/Quality Assurance Drill core was NTW size (5.71 cm diameter). Half core samples were collected with a rock saw and tagged for identification. All samples were securely stored at the Plomosas Mine until shipment. A total of 5% certified assay standards and 5% blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS preparation laboratory in Chihuahua, Mexico, where they were fine crushed (70% passing a 2 mm screen), pulverized (85% passing a 75 micron screen) and pulp split separated for assay. These pulps were shipped to the ALS laboratory in North Vancouver, Canada, where a 10 gram split was aqua regia digested and then analyzed for 36 elements including zinc, lead and silver by ICP-AES spectrometry (ALS code ME-ICP41). Assays for base metals >1% used an overlimit ICP-AES method (ALS code OG46). ALS is an independent, international ISO/IEC 17025 accredited laboratory. Qualified Person and NI 43-101 Disclosure Silvia Kohler, P. Geo., a Senior Geologist employed by IMPACT Silver Corp. and a "Qualified Person" within the meaning of NI-43101, has approved the technical information contained in this news release. Additional information about IMPACT and its operations can be found on the Company website at Follow us on X (formerly Twitter) @IMPACT_Silver and LinkedIn at On behalf of IMPACT Silver Corp. "Frederick W. Davidson"President & CEO For more information, please contact: Jerry HuangCFO | Investor Relations O: (604) 681 0172 or inquiries@ (778) 867 7909 Direct Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking and Cautionary Statements This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements regarding interpretation of drill results, activity at the projects and estimated timing thereof, the potential for defining and extending the known mineralization, exploration potential on the properties, and plans for drilling and future operations at the Company's projects or plans for financing. Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitation, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, extreme weather events, criminal activity, metal prices, political and economic factors, community relations, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, pandemics and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement or beliefs, opinions, projections or other factors, except as required by law. The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company at Zacualpan and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101, the Company is required to disclose that it has not based its production decisions on NI 43-101 mineral resources or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure. 303-543 Granville Street Vancouver, BC, Canada V6C 1X8 Telephone (604) (Twitter)LinkedIn Figure 1: Location map of Plomosas Mine and nearby mines and infrastructure. References to nearby projects are for information purposes only and there are no assurances that Plomosas will achieve similar results. To view an enhanced version of this graphic, please visit: Figure 2: Plan map of the Plomosas Mine workings. To view an enhanced version of this graphic, please visit: Figure 3: Schematic cross section of the Santo Domingo Zone geology and mineralization showing new drill intersections. To view an enhanced version of this graphic, please visit: To view the source version of this press release, please visit 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