It's in Trump's interest to get a deal with Japan: Analyst
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Yahoo
6 minutes ago
- Yahoo
Tariffs Pump Cash, Reshoring Pitch Splits Opinion
The U.S. just started collecting another big haul now that the August 1 tariff hikes landed. Even countries that cut new deals with Washington didn't get a passJapan and the EU are still paying 15%. Markets dipped, but stocks barely blinked; they're still close to record highs. Warning! GuruFocus has detected 5 Warning Signs with NVDA. Importers are the ones writing the checks, and they're coping however they can: passing costs to customers, trimming margins, finding other suppliers, or cutting their own costs. The bottom line is simplethose tariffs are stuffing the Treasury. The White House isn't pretending this is only about money. Trump's pitch is that the pain will pull manufacturing back to U.S. soil, that higher import costs will nudge companies to build here again. That's a big assumption, and people are split. The cash is already showing up: June brought a rare $27 billion surplus, largely thanks to customs duties. Still, the bigger picture is soberingthe U.S. is running a $1.34 trillion deficit year to date, so unless spending gets reined in, the tariff windfall only goes so far. Tariffs are buying time and filling coffers, but whether this becomes a real reshoring story or just temporary noise depends on follow-through and whether Washington pairs revenue with discipline. Watch if the money keeps coming and if spending gets tightened. This article first appeared on GuruFocus. 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
6 minutes ago
- Yahoo
How major US stock indexes fared Friday, 8/1/2025
The stock market had its worst day since May after the government reported a sharp slowdown in hiring and President Donald Trump imposed sweeping tariffs on imports from a number of U.S. trading partners. The S&P 500 fell 1.6% Friday, and the Dow Jones Industrial Average dropped 1.2%. The Nasdaq composite lost 2.2%. The surprisingly weak hiring numbers led investors to step up their expectations for an interest rate cut in September and sent Treasury yields sharply lower in the bond market. The new set of tariffs are set to go into effect Aug. 7. On Friday: The S&P 500 fell 101.38 points, or 1.6%, to 6,238.01. The Dow Jones Industrial Average fell 542.40 points, or 1.2%, to 43,588.58. The Nasdaq composite fell 472.32 points, or 2.2%, to 20,650.13. The Russell 2000 index of smaller companies fell 44.87 points, or 2%, to 2,166.78. For the week: The S&P 500 is down 150.63 points, or 2.4%. The Dow is down 1,313.34 points, or 2.9%. The Nasdaq is down 458.18 points, or 2.2%. The Russell 2000 is down 94.29 points, or 4.2%. For the year: The S&P 500 is up 356.38 points, or 6.1%. The Dow is up 1,044.36 points, or 2.5%. The Nasdaq is up 1,339.34 points, or 6.9%. The Russell 2000 is down 63.38 points, or 2.8%.
Hamilton Spectator
7 minutes ago
- Hamilton Spectator
S&P/TSX composite, U.S. markets finish lower as new tariffs take effect
TORONTO - Canada's main stock index lost ground on Friday along with global markets, as U.S. President Donald Trump imposed new tariffs on numerous countries and U.S. job numbers showed signs of weakness. The S&P/TSX composite index was down 239.35 points at 27,020.43. In New York, the Dow Jones industrial average was down 542.40 points at 43,588.58. The S&P 500 index was down 101.38 points at 6,238.01, while the Nasdaq composite was down 472.32 points at 20,650.13. The Canadian dollar traded for 72.48 cents US compared with 72.23 cents US on Thursday. The September crude oil contract was down US$1.93 at US$67.33 per barrel. The December gold contract was up US$51.20 at US$3,399.80 an ounce. This report by The Canadian Press was first published Aug.1, 2025. Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
