
Tariff Disruption Is Skipping the Shipping Industry — for Now
In large part that's because Trump has tweaked and pulled back enough on them to prevent a catastrophe. This has earned him the moniker of TACO, or Trump Always Chickens Out, but this is a bit misplaced because the tariffs are real and the money flowing in from these duties is large — to the tune of $26.6 billion in June compared with $6.3 billion in the month a year earlier. Even after calling a truce on the 145% tariffs on Chinese goods until August, the import duties on those products averaged 55%, according to the Port of Los Angeles.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Mattel Stock Falls On Sales Miss, Guidance Cut: Tariffs Hit Barbie
Toy company Mattel Inc (NASDAQ:MAT) reported second-quarter financial results after market close Wednesday. Here are the key highlights. What Happened: Mattel reported second-quarter net sales of $1.019 billion, down 6% year-over-year. The net sales missed a Street consensus estimate of $1.068 billion according to data from Benzinga Pro. The company reported earnings per share of 19 cents, beating a Street consensus estimate of 17 cents per share. "Our second quarter performance reflects operational excellence in the current macroeconomic environment as we continue to execute our strategy to grow Mattel's IP-driven toy business and expand our entertainment offering," Mattel CEO Ynon Kreiz said. The CEO said Mattel saw "meaningful gross margin expansion" in the quarter, international growth and advanced its entertainment slate. Here were the second quarter gross billings by category: Dolls: $335 million, -19% year-over-year Infant, Toddler and Preschool: $143 million, -25% year-over-year Vehicles: $407 million, +10% year-over-year Action Figures, Building Sets, Games, and Other: $264 million, +16% year-over-year The company highlighted growth in Action Figures and Hot Wheels in the quarter. View more earnings on MAT Of note was a call out that Barbie saw declines in the quarter, which comes as the well-known doll became the center of a talking point on tariffs and people not being able to afford as many dolls during the holidays. Read Also: What's Next: Mattel lowered its full-year guidance. The company expects full-year earnings per share to be in a range of $1.54 to $1.66, versus prior guidance of a range of $1.66 to $1.72. The company widened its full-year sales forecast with a new estimate of 1% to 3% year-over-year growth, versus a prior guidance of 2% to 3% growth. This puts the new sales guidance range at $5.434 billion to $5.541 billion, versus a prior range of $5.488 billion to $5.541 billion. The company said the guidance today is based on what it knows today, but is subject to "market volatility" and "further regulatory actions impacting global trade." MAT Price Action: Mattel stock is down 4.46% to $19.30 in after-hours trading Wednesday versus a 52-week trading range of $13.95 to $22.06. Read Next: • Photo: rblfmr via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? MATTEL (MAT): Free Stock Analysis Report This article Mattel Stock Falls On Sales Miss, Guidance Cut: Tariffs Hit Barbie originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
24 minutes ago
- Yahoo
Catherine Rampell Becomes Latest Washington Post Writer to Exit Paper
The new MSNBC host says she accepted a buyout, adding to the growing list of staffers who have left following owner Jeff Bezos' revamp of the opinion section Another day, another Washington Post writer exiting the paper. This time it is columnist Catherine Rampell, who said on Wednesday she had accepted a buyout offer from the paper she has worked at for the last 11 years. Rampell has covered a number of topics for WaPo, including politics, economics and public policy. More from TheWrap Catherine Rampell Becomes Latest Washington Post Writer to Exit Paper Trump Appeared 'Multiple Times' in Epstein Documents, New WSJ Report Says Candace Owens Sued for Defamation by French First Lady Brigitte Macron Over 'Knowingly False' Claims She's Transgender 'Daily Show' Jokes Trump's Election Theft Claim Against Obama Is 'So Old Jeffrey Epstein Wouldn't Date It' | Video The 40-year-old writer has also been a frequent critic of President Trump, ripping the president on a number of topics, from his 'Liberation Day' tariff plan, which she called 'tariffmageddon,' to his 'Restoring Freedom of Speech and Ending Federal Censorship' executive order in January. She called the EO the 'start of an Orwellian effort to root out wrongthink from government ranks and the private sector.' Rampell's exit comes just a few months after she joined MSNBC as a co-host of 'The Weekend: Primetime,' and also follows WaPo owner Jeff Bezos' revamping of the paper's opinion section to focus on 'two key pillars': personal liberties and free markets. A number of prominent WaPo staffers left soon after, including opinion editor David Shipley, who resigned immediately. Columnist Ruth Marcus, who had been at the paper for 40 years, quit weeks later, after she said a column 'expressing concern' over Bezos' new direction for the opinion section was 'spiked.' More WaPo staffers have left recently, including columnist Jonathan Capehart, who accepted a buyout on Monday, as well as Dave Jorgenson, WaPo's 'TikTok Guy.' A person familiar with the newsroom told TheWrap on Monday it would not be surprising to see more people leave the paper this week, as it is offering buyouts to those who do not 'feel aligned' with the paper's 'reinvention' through the end of July. The post Catherine Rampell Becomes Latest Washington Post Writer to Exit Paper appeared first on TheWrap. Solve the daily Crossword
Yahoo
24 minutes ago
- Yahoo
Keir Starmer and Narendra Modi set to sign off on Britain-India trade deal
Sir Keir Starmer and India's Narendra Modi are set to sign off on a trade deal worth £6 billion in investment for the British economy. The Prime Minister and his Indian counterpart also agreed ahead of their meeting on Thursday to ramp up joint efforts to tackle illegal migration and organised crime. The UK-India trade deal is understood to be the largest of its kind for its economic impact on Britain. It will see tariffs on an array of British goods reduced from an average of 15% to 3%, with the aim of boosting the £11 billion of imports into the south Asian nation. Whisky tariffs will be slashed in half, according to the Government, and will fall further over successive years, while other industries including soft drinks, cars and cosmetics are also expected to see cheaper duties. Before his meeting with Mr Modi to confirm the deal, Sir Keir said: 'Our landmark trade deal with India is a major win for Britain. It will create thousands of British jobs across the UK, unlock new opportunities for businesses and drive growth in every corner of the country, delivering on our Plan for Change. 'We're putting more money in the pockets of hardworking Brits and helping families with the cost of living, and we're determined to go further and faster to grow the economy and raise living standards across the UK.' The deal is expected to result in 2,200 jobs across the country and £6 billion investment by British and Indian businesses. Business Secretary Jonathan Reynolds said the investment will 'reach all regions and nations of the UK so working people in every community can feel the benefits'. He added: 'The almost £6 billion in new investment and export wins announced today will deliver thousands of jobs and shows the strength of our partnership with India as we ensure the UK is the best place in the world to invest and do business.' The UK and India are also bolstering co-operation on tackling corruption, fraud, organised crime and illegal migration, by sharing criminal records and other intelligence. The deal has not given the UK as much access as it would have liked to India's financial and legal services industries. The agreement promises some benefits for the UK's financial services, with Chancellor Rachel Reeves understood to have pushed on behalf of the sector in discussions with her Indian counterpart. But more wide-ranging access was not agreed, and talks continue on a bilateral investment treaty aimed at protecting British investments in India and vice versa. The two nations also continue to discuss UK plans for a tax on high-carbon industries, which India believes could hit its imports unfairly. Negotiations on the deal began when Boris Johnson was prime minister in 2022, and were concluded in May this year. Labour sought to portray closing the deal, as well as trade agreements with the US and the EU, as evidence of the Government's pragmatism and global outlook. But shadow business secretary Andrew Griffith said it had only been made possible 'because of Brexit delivered by the Conservatives'. He added: 'Any trade deal that can successfully cut regulation which stops Britain's makers from creating new jobs and wealth will be a step in the right direction. 'But the irony should not be lost on anyone that any gains from this trade deal will be blown out of the water by (Deputy Prime Minister) Angela Rayner's union charter, stifling business with red tape, the jobs tax and, come autumn, Rachel Reeves' inevitable tax hikes that will punish Britain's makers just to reward those who do not contribute.' The Confederation of British Industry (CBI) has said that the signing 'sends a powerful signal that the UK is open for business and remains resolute in its commitment to free and fair trade'. Chief executive Rain Newton-Smith added: 'A trade agreement with India – one of the world's fastest-growing economies – is a springboard for long-term partnership and prosperity. UK firms can take advantage of this new platform to scale, diversify and compete on the global stage.' Elsewhere, Sir Keir is facing calls to raise the case of Jagtar Singh Johal, a British citizen who has been detained in India since 2017, when the Prime Minister meets Mr Modi. The Scottish Sikh is accused of being a member of the Khalistan Liberation Force, which is banned as a terror group in India. His family say he is being arbitrarily detained, with his brother Gurpreet Singh Johal insisting the matter should be 'high on the agenda when the prime ministers meet'.