Trump Shares More Letters Declaring Tariff Rates for Countries
The letters, published on Truth Social, say that the U.S. will be enacting anywhere from 25% to 40% tariffs on a range of countries. Laos and Myanmar, for instance, will get hit with a 40% tariff starting on Aug. 1. Kazakhstan and Malaysia, on the other hand, will see each see a 25% tariff.
Trump earlier on Monday published letters to Japan and South Korea that say he plans to put into effect 25% tariffs on their products coming into the United States. The letters say the countries will be allowed to continue to negotiate with the U.S., with Trump keeping open the possibility of either raising or dropping the tariff rates by the end of July.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Down 28%, Should You Buy the Dip on CoreWeave?
Key Points CoreWeave has been one of the biggest surprises in the stock market this year. Revenue at the AI infrastructure company grew by 420% last year. The stock has several risks investors should be aware of. 10 stocks we like better than CoreWeave › CoreWeave (NASDAQ: CRWV) has been the biggest IPO of the year so far. After weaker-than-expected demand for its IPO, CoreWeave went public for a lower price than it had targeted, and Nvidia came in and invested in the stock to help prop up the offering. The stock then slumped as the broad market sold off in response to the "Liberation Day" tariffs that President Trump issued. However, after bottoming in April, CoreWeave began to rally, tracking with a boom in AI stocks. From its IPO price of $40, the stock soared as high as $187 on June 20, a nearly 400% gain. Since then, the stock has come down to earth, falling 28% from that peak. Should investors buy the dip in the stock? Let's take a closer look. High risk, high reward CoreWeave is one of the fastest-growing stocks in the market, and because of its growth and lack of profitability, it's also one of the highest-risk stocks. CoreWeave started out as a crypto mining company, but using its stockpile of GPUs, it pivoted to an AI-focused cloud infrastructure business during the crypto winter in 2019, and its business began to take off in 2023, after ChatGPT was launched. In fact, its revenue grew by more than 100x from 2022 to 2024, and its growth rate remained scorching hot in the first quarter of 2025 as revenue jumped 420% to $981.6 million. CoreWeave depends on building out data centers so it can supply its customers, like Microsoft, Nvidia, and OpenAI, with computing capacity. As a result, the company has had to take on a lot of debt to purchase the GPUs to run its AI infrastructure business. In the first quarter, the company reported an operating loss of $27.5 million, but its interest expense was $263.8 million because it has $8.7 billion in high-interest debt. Its interest rate is a reflection of the risk debt-holders see in the business, as the company barely had any revenue two years ago. CoreWeave has several other risks, including high customer concentration. Last year, Microsoft made up more than half of its revenue, and a report that it was opting out of buying more data center capacity from CoreWeave helped put pressure on the IPO. It's also dependent on continuing growth in AI, and it needs to be able to turn a profit on the GPUs it buys before it has to replace them. The business is so new, and growing so quickly, that it's not clear if it will be able to do that. In the first quarter of 2025, the company spent $1.4 billion on capital expenditures, more than its revenue, and the company expects to spend $20 billion to $23 billion on AI infrastructure this year. Any company of CoreWeave's size growing by 420% deserves investor attention, but investors should be aware of the risks as well. Is CoreWeave a buy? For the right kind of investor, CoreWeave looks like a buy, despite the risks noted above. The company's soaring growth can't be ignored, and the cloud infrastructure business model has been highly profitable for more-established companies like Microsoft and Amazon. Given the growth opportunity in front of it, CoreWeave is unlikely to be profitable for years, and it could be years before the company even starts to improve its unit economics. Based on its revenue run rate, its price-to-sales ratio is 15, which seems pretty low for a company growing this fast. For risk-tolerant investors interested in a pure-play AI stock, getting some exposure to CoreWeave makes sense, and dollar-cost averaging is a good way to do it. At this point, the stock is likely to continue to be volatile, and there should be more dips to capitalize on in the future. Should you buy stock in CoreWeave right now? Before you buy stock in CoreWeave, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and CoreWeave wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jeremy Bowman has positions in Amazon and Nvidia. The Motley Fool has positions in and recommends Amazon, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Down 28%, Should You Buy the Dip on CoreWeave? was originally published by The Motley Fool 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
13 minutes ago
- Yahoo
FASB and ASBJ bilateral meeting on global accounting standards
The US Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) have held a thirty-fifth bilateral meeting in Tokyo, Japan. This is part of their cooperative work on the development of 'high-quality global accounting standards,' the bodies said in a joint statement. During the meeting, both boards exchanged updates on their respective activities and engaged in discussions on shared agenda items. The items include the topics of agenda consultation, business combinations, and the treatment of environmental credit programmes upon their common interests. FASB chair Richard Jones said: 'We extend our thanks to Chair Kawanishi and the ASBJ for hosting our 2025 bilateral meeting in Tokyo. Our discussions on standard-setting projects of mutual interest, such as environmental credit programmes, business combinations, and our 2025 agenda consultation project, produced valuable insights on financial reporting improvements. 'The FASB also appreciated the opportunity to participate in the ASBJ roundtable meeting to hear feedback on projects that affect constituents in our respective jurisdictions.' The FASB and ASBJ have scheduled their next meeting for the second half of 2026 in Norwalk, the US. ASBJ chair Yasunobu Kawanishi stated: 'During the bilateral meeting, we had productive discussions on a wide range of topics, including the agenda consultation, business combinations and environmental credit programmes. 'We are also grateful for the FASB representatives' participation in the symposium that was open to the public. We look forward to continuing and further deepening our collaborative relationship with the FASB in the coming years.' In May2025, the FASB issued an Accounting Standards Update (ASU), which amends the requirements for identifying the accounting acquirer in business combinations under FASB Accounting Standards Codification Topic 805. "FASB and ASBJ bilateral meeting on global accounting standards " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
13 minutes ago
- Yahoo
Trump admin live updates: Trump, Vance to have lunch Monday
President Donald Trump is scheduled on Monday to host Vice President JD Vance for lunch at the White House. The president also continues to face backlash from his MAGA supporters over his administration's handling of files related to the investigation into Jeffrey Epstein. Latest DevelopmentsJul 21, 6:58 AMTrump, Vance to have lunch Monday President Donald Trump is scheduled on Monday to have lunch with Vice President JD Vance, according to the White House. The president does not have other events on his public schedule.-ABC News' Lalee Ibssa Click here to read the rest of the blog.
