5 Revealing Analyst Questions From ITT's Q1 Earnings Call
Is now the time to buy ITT? Find out in our full research report (it's free).
Revenue: $913 million vs analyst estimates of $907.8 million (flat year on year, 0.6% beat)
Adjusted EPS: $1.45 vs analyst estimates of $1.44 (0.8% beat)
Adjusted EBITDA: $196.5 million vs analyst estimates of $193.4 million (21.5% margin, 1.6% beat)
Management reiterated its full-year Adjusted EPS guidance of $6.30 at the midpoint
Operating Margin: 16.5%, in line with the same quarter last year
Organic Revenue was flat year on year (9.5% in the same quarter last year)
Market Capitalization: $12.18 billion
While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.
Scott Davis (Melius Research) asked if the surge in orders reflected pre-buying ahead of price increases. CEO Luca Savi replied that order growth was driven by long-term project wins and market share gains, not purchasing acceleration.
Mike Halloran (Baird) questioned how much pricing and FX contributed to updated guidance. CFO Emmanuel Caprais detailed that minor positive impacts from FX and share count were offset by higher tax rates and inflation, with acquisitions performing better than initially expected.
Vlad Bystricky (Citigroup) inquired about risk to Saudi project spending amid oil price declines. Savi said customer tone remains positive, with orders in oil and gas continuing to grow and market share gains offsetting external risks.
Jeff Hammond (KeyBanc Capital Markets) pressed on the company's ability to pass through tariff costs and the sourcing strategy. Savi explained that dual sourcing and price increases, especially on non-USMCA products, would mitigate tariff impacts without affecting EPS guidance.
Joe Ritchie (Goldman Sachs) asked about VIDAR's sales strategy and cross-selling potential. Savi clarified VIDAR operates as a separate business with its own sales force, though some sales incentives could leverage existing pump business relationships.
Looking ahead, the StockStory team will be monitoring (1) the pace at which VIDAR gains commercial traction and contributes to revenue, (2) the successful conversion of record project backlog into realized sales, and (3) the effectiveness of pricing and sourcing actions in offsetting tariff pressures. Progress on M&A execution and further innovation announcements will also be important milestones.
ITT currently trades at $154.78, up from $137.09 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it's free).
Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs.
While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025).
Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Forbes
36 minutes ago
- Forbes
Imports From USMCA Partner Canada Face Crippling 35% Tariffs Tomorrow
Canada faces steep 35% tariffs on almost 60% of its imports to the United States if President Trump follows through on his Aug. 1 deadline for imposing the extraordinary duty. That's because just 19.1% of Canada's $168.54 billion in imports this year have been categorized as eligible for duty-free entry under the USMCA agreement. In addition to that 19.1%, Trump has indicated oil would, like USMCA-compliant imports, remain duty free. It accounts for 22% of the value of all U.S. imports from Canada. It's also a nod to U.S. dependence on Canadian oil and the havoc a 35% tariff would create. Canada is the longtime No. 1 supplier of oil imports to this country, accounting for 61.5% this year. There have been only murmurs about Canada cutting off or limiting its oil exports to the United States in retaliation. Canada is the No. 2-ranked source of U.S. imports and overall trade, trailing only Mexico. Trump gave Mexico a 90-day pause on 30% tariffs on Thursday, one day before similarly extreme tariffs would have gone into place. But even that pause does not appear absolute. As is the case with so many of Trump's announcements, the details tend to drip out slowly and often change the narrative, sometimes from the White House and sometimes from the other country. It's possible that U.S. imports of passenger vehicles from Mexico will still face a 25% tariff. Only 55.9% of those imports from Mexico are qualifying for USMCA duty-free status, according to U.S. Census Bureau data I analyzed, down from 82.5% last year. Nevertheless, Trump kicked the can down the road with Mexico, as he has done repeatedly since announcing the 'Liberation Day' tariffs on the world on April 2, an effort to decrease the U.S. merchandise trade deficit, which is still increasing. Trump indicated Wednesday that Canada's signaling that it supported the creation of a Palestinian state, following the lead of France and the United Kingdom, would make any deal with the United States northern neighbor difficult. As was the case with Mexico, Trump is playing with fire. The two countries are not only the top two trade partners and top two importers into the United States, they are also the top two U.S. export markets – opening up the possibility of retaliatory tariffs. While Canada accounts for 15.7% of all U.S. exports to the world by value this year, it ranked first in more than half of all the categories used to describe the products, when I last wrote about the topic. Further, it ranked either first, second or third for 79.29% of all U.S. export categories. This is important because the impact of any retaliatory tariffs would be widespread and not concentrated on a few key U.S. exports. The list included everything from passenger vehicles, commercial vehicles, motor vehicle engines, tractors, transmission shafts, catalytic converters, and oil and air filters – all part of the highly intertwined automotive trade among Canada, the United States and Mexico – but also strawberries and blueberries. The 19.1% of U.S. imports from Canada that is eligible for USMCA duty-free entry is down from 37.9%. That seemingly low percentage is almost certainly because, prior to the possibility of 35% tariffs, the tariff rate on most U.S. imports from Canada (and many other countries) was in the low single digits, as I addressed previously. Nevertheless, a 35% tariff would be punishing. Here are a few examples where U.S. imports from Canada appear particularly vulnerable: There is apparently ongoing discussion about U.S. imports of aluminum after Ford indicating it is already getting hit hard by tariffs despite the fact that it is making vehicles in the United States. Two points are in order, covered in some detail in my post earlier today. First, the 19.7% that fits into the category of Census Bureau data that includes USMCA-compliance is significantly lower than recent years but the percentage has been dropping. Prior to 2017, U.S. imports from Canada were eligible to enter duty free sometimes slightly more than 50% of the time and sometimes slightly less. It first dipped below 40% in 2018 and has stayed there – until this year, when it dropped not only below 30% but also 20%, to 19.7%. The second point is the reason for the drop. It's supposition but also the most plausible explanation for the sharp decline for both Canada and Mexico: Heightened enforcement by U.S. Customs and Border Protection – and the fear of heightened enforcement, since it can be retroactive. The bottom line is that, should the tariffs on Canada go through, they would be more punishing than any tariffs currently in place, given the size of the relationship. And that punishment would not only be directed at U.S. imports from Canada but, quite possibly, would also affect U.S. exports to Canada.


Hamilton Spectator
an hour ago
- Hamilton Spectator
Ero Copper Reports Second Quarter 2025 Operating and Financial Results
VANCOUVER, British Columbia, July 31, 2025 (GLOBE NEWSWIRE) — Ero Copper Corp. (TSX: ERO, NYSE: ERO) ('Ero' or the 'Company') is pleased to announce its operating and financial results for the three and six months ended June 30, 2025. Management will host a conference call tomorrow, Friday, August 1, 2025, at 11:30 a.m. Eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release. HIGHLIGHTS 'We made meaningful progress towards the achievement of our 2025 strategy during the second quarter,' said Makko DeFilippo, President and Chief Executive Officer. 'Highlights included the continued ramp-up and declaration of commercial production at Tucumã, the initiation of debt repayment, and the early completion of Phase 1 drilling at Furnas ahead of schedule. Operational performance across all of our assets improved in Q2 with record consolidated copper production, and we are encouraged by the momentum we are carrying into the second half of the year, driven by optimization and technology initiatives we executed in H1 2025. 'At Caraíba, focusing the mining fleet in the upper levels of the Pilar Mine paired with several ongoing operational excellence initiatives is proving to be a successful strategy. Our focus on technology, utilization and availability has resulted in improved overall fleet management and productivity, operational flexibility and a significant reduction in unplanned infrastructure downtime. At Surubim, scheduled pit sequencing led to higher mined tonnage, a trend we expect to continue in in the second half of the year. At Xavantina, our investments in mine mechanization, ventilation and technology support what we see as a step-change in mining rates, allowing production to return to annualized rates consistent with our longer-term outlook for the operation. And at Furnas, we remain focused on unlocking long-term value as we advance Phase 2 drilling with eight rigs active on site and remain on track to complete the program by year-end.' SECOND QUARTER REVIEW The Caraíba Operations The Tucumã Operation The Xavantina Operations (*) These are non-IFRS measures and do not have a standardized meaning prescribed by IFRS and might not be comparable to similar financial measures disclosed by other issuers. Please refer to the Company's discussion of Non-IFRS measures in its Management's Discussion and Analysis for the three and six months ended June 30, 2025 and the Reconciliation of Non- IFRS Measures section at the end of this press release. (1) EBITDA, adjusted EBITDA, adjusted net income (loss) attributable to owners of the Company, adjusted net income (loss) per share attributable to owners of the Company, net (cash) debt, working capital, copper C1 cash cost, copper C1 cash cost including foreign exchange hedges, gold C1 cash cost and gold AISC are non-IFRS measures. These measures do not have a standardized meaning prescribed by IFRS and might not be comparable to similar financial measures disclosed by other issuers. Please refer to the Company's discussion of Non-IFRS measures in its Management's Discussion and Analysis for the three and six months ended June 30, 2025 and the Reconciliation of Non-IFRS Measures section at the end of this press release. (2) Copper C1 cash cost including foreign exchange hedges was $2.06 in Q2 2025 (Q2 2024 - $2.16). 2025 PRODUCTION AND COST GUIDANCE Consolidated copper production guidance for 2025 has been updated to 67,500 to 80,000 tonnes to reflect the slower-than-expected ramp up at the Tucumã Operation, which achieved commercial production on July 1, 2025. Consolidated copper production is expected to increase sequentially in H2 2025 driven by higher mill throughput at the Tucumã Operation and higher mined and processed volumes at the Caraíba Operations, particularly at Pilar and Surubim. At the Xavantina Operations, gold production guidance has been updated to 40,000 to 50,000 ounces to reflect lower-than-expected production in H1 2025. The Company expects investments in mine modernization and mechanization to support sequential increases in mined and processed volumes through the remainder of the year. Note: Guidance is based on estimates and assumptions including, but not limited to, mineral reserve estimates, grade and continuity of interpreted geological formations and metallurgical recovery performance. Please refer to the Company's SEDAR+ and EDGAR filings, including the most recent Annual Information Form ('AIF'), for a detailed summary of risk factors. (1) Please refer to the section titled 'Alternative Performance (Non-IFRS) Measures' within the MD&A. 2025 CAPITAL EXPENDITURE GUIDANCE Capital expenditure guidance remains unchanged at a range of $230 to $270 million, excluding capitalized ramp-up costs prior to the declaration of commercial production at the Tucumã Operation. Figures presented in the table below are in USD millions. Note: Guidance is based on certain estimates and assumptions, including but not limited to, mineral reserve estimates, grade and continuity of interpreted geological formations and metallurgical performance. Please refer to the Company's most recent Annual Information Form and Management of Risks and Uncertainties in the MD&A for complete risk factors. (1) Excludes capitalized ramp-up costs prior to the declaration of commercial production at the Tucumã Operation. CONFERENCE CALL DETAILS The Company will hold a conference call on Friday, August 1, 2025 at 11:30 am Eastern time (8:30 am Pacific time) to discuss these results. A results presentation will be available for download via the webcast link and in the Presentations section of the Company's website on the day of the conference call. Reconciliation of Non-IFRS Measures Financial results of the Company are presented in accordance with IFRS. The Company utilizes certain alternative performance (non-IFRS) measures to monitor its performance, including copper C1 cash cost, copper C1 cash cost including foreign exchange hedges, gold C1 cash cost, gold AISC, EBITDA, adjusted EBITDA, adjusted net income attributable to owners of the Company, adjusted net income per share, net (cash) debt, working capital and available liquidity. These performance measures have no standardized meaning prescribed within generally accepted accounting principles under IFRS and, therefore, amounts presented may not be comparable to similar measures presented by other mining companies. These non-IFRS measures are intended to provide supplemental information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For additional details please refer to the Company's discussion of non-IFRS and other performance measures in its Management's Discussion and Analysis for the three and six months ended June 30, 2025 which is available on SEDAR+ at and on EDGAR at Copper C1 cash cost and copper C1 cash cost including foreign exchange hedges The following table provides a reconciliation of copper C1 cash cost to cost of production, its most directly comparable IFRS measure. (1) Copper C1 cash costs for 2025 and 2024 do not include Tucumã Operation's results, as commercial production has not been achieved as of June 30, 2025. (1)Copper C1 cash costs for 2025 and 2024 do not include Tucumã Operation's results, as commercial production has not been achieved as of June 30, 2025. Gold C1 cash cost and gold AISC The following table provides a reconciliation of gold C1 cash cost and gold AISC to cost of production, its most directly comparable IFRS measure. Earnings before interest, taxes, depreciation and amortization (EBITDA) and Adjusted EBITDA The following table provides a reconciliation of EBITDA and Adjusted EBITDA to net income, its most directly comparable IFRS measure. Adjusted net income attributable to owners of the Company and Adjusted net income per share attributable to owners of the Company The following table provides a reconciliation of Adjusted net income attributable to owners of the Company and Adjusted EPS to net income attributable to the owners of the Company, its most directly comparable IFRS measure. Net Debt (Cash) The following table provides a calculation of net debt (cash) based on amounts presented in the Company's condensed consolidated interim financial statements as at the periods presented. Working Capital and Available Liquidity The following table provides a calculation for these based on amounts presented in the Company's condensed consolidated interim financial statements as at the periods presented. ABOUT ERO COPPER CORP Ero Copper is a high-margin, high-growth copper producer with operations in Brazil and corporate headquarters in Vancouver, B.C. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineração Caraíba S.A. ('MCSA'), 100% owner of the Company's Caraíba Operations, which are located in the Curaçá Valley, Bahia State, Brazil, and the Tucumã Operation, an open pit copper mine located in Pará State, Brazil. The Company also owns 97.6% of NX Gold S.A. ('NX Gold') which owns the Xavantina Operations, an operating gold mine located in Mato Grosso State, Brazil. In July 2024, the Company signed a definitive earn-in agreement with Vale Base Metals for a 60% interest in the Furnas Copper-Gold Project, located in the Carajás Mineral Province in Pará State, Brazil. For more information on the earn-in agreement, please see the Company's press releases dated October 30, 2023 and July 22, 2024. Additional information on the Company and its operations, including technical reports on the Caraíba Operations, Xavantina Operations, Tucumã Operation and the Furnas Copper-Gold Project, can be found on the Company's website ( on SEDAR+ ( and on EDGAR ( The Company's shares are publicly traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol 'ERO'. FOR MORE INFORMATION, PLEASE CONTACT Farooq Hamed, VP, Investor Relations info@ CAUTION REGARDING FORWARD LOOKING INFORMATION AND STATEMENTS This press release contains 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and 'forward-looking information' within the meaning of applicable Canadian securities legislation (collectively, 'forward-looking statements'). Forward-looking statements include statements that use forward-looking terminology such as 'may', 'could', 'would', 'will', 'should', 'intend', 'target', 'plan', 'expect', 'budget', 'estimate', 'forecast', 'schedule', 'anticipate', 'believe', 'continue', 'potential', 'view' or the negative or grammatical variation thereof or other variations thereof or comparable terminology. Forward-looking statements may include, but are not limited to, statements with respect to the Company's expected development and mining rates, production, operating costs and capital expenditures at the Caraíba Operations, the Tucumã Operation and the Xavantina Operations; estimated timing for certain milestones, including the step change in mining rates at Xavantina in H2 2025; expectations related to exploration activities at the Furnas Project including the expected timing of the completion of the Phase 2 drill program by year-end 2025; and any other statement that may predict, forecast, indicate or imply future plans, intentions, levels of activity, results, performance or achievements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual results, actions, events, conditions, performance or achievements to materially differ from those expressed or implied by the forward-looking statements, including, without limitation, risks discussed in this press release and in the Company's Annual Information Form for the year ended December 31, 2023 ('AIF') under the heading 'Risk Factors'. The risks discussed in this press release and in the AIF are not exhaustive of the factors that may affect any of the Company's forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results, actions, events, conditions, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, actions, events, conditions, performance or achievements to differ from those anticipated, estimated or intended. Forward-looking statements are not a guarantee of future performance. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve statements about the future and are inherently uncertain, and the Company's actual results, achievements or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to herein and in the AIF under the heading 'Risk Factors'. The Company's forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management on the date the statements are made, many of which may be difficult to predict and beyond the Company's control. In connection with the forward-looking statements contained in this press release and in the AIF, the Company has made certain assumptions about, among other things: favourable equity and debt capital markets; the ability to raise any necessary additional capital on reasonable terms to advance the production, development and exploration of the Company's properties and assets; future prices of copper, gold and other metal prices; the timing and results of exploration and drilling programs; the accuracy of any mineral reserve and mineral resource estimates; the geology of the Caraíba Operations, the Xavantina Operations, the Tucumã Operation and the Furnas Copper-Gold Project being as described in the respective technical report for each property; production costs; the accuracy of budgeted exploration, development and construction costs and expenditures; the price of other commodities such as fuel; future currency exchange rates, interest rates and tariff rates; operating conditions being favourable such that the Company is able to operate in a safe, efficient and effective manner; work force continuing to remain healthy in the face of prevailing epidemics, pandemics or other health risks, political and regulatory stability; the receipt of governmental, regulatory and third party approvals, licenses and permits on favourable terms; obtaining required renewals for existing approvals, licenses and permits on favourable terms; requirements under applicable laws; sustained labour stability; stability in financial and capital goods markets; availability of equipment; positive relations with local groups and the Company's ability to meet its obligations under its agreements with such groups; and satisfying the terms and conditions of the Company's current loan arrangements. Although the Company believes that the assumptions inherent in forward- looking statements are reasonable as of the date of this press release, these assumptions are subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking statements. The Company cautions that the foregoing list of assumptions is not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking statements contained in this press release. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or results or otherwise, except as and to the extent required by applicable securities laws. CAUTIONARY NOTES REGARDING MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES Unless otherwise indicated, all reserve and resource estimates included in this press release and the documents incorporated by reference herein have been prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects ('NI 43-101') and the Canadian Institute of Mining, Metallurgy and Petroleum (the 'CIM') — CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the 'CIM Standards'). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the 'SEC'), and reserve and resource information included herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, this press release and the documents incorporated by reference herein use the terms 'measured resources,' 'indicated resources' and 'inferred resources' as defined in accordance with NI 43-101 and the CIM Standards. Further to recent amendments, mineral property disclosure requirements in the United States (the 'U.S. Rules') are governed by subpart 1300 of Regulation S-K of the U.S. Securities Act of 1933, as amended (the 'U.S. Securities Act') which differ from the CIM Standards. As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multi-jurisdictional disclosure system (the 'MJDS'), Ero is not required to provide disclosure on its mineral properties under the U.S. Rules and will continue to provide disclosure under NI 43-101 and the CIM Standards. If Ero ceases to be a foreign private issuer or loses its eligibility to file its annual report on Form 40-F pursuant to the MJDS, then Ero will be subject to the U.S. Rules, which differ from the requirements of NI 43-101 and the CIM Standards. Pursuant to the new U.S. Rules, the SEC recognizes estimates of 'measured mineral resources', 'indicated mineral resources' and 'inferred mineral resources'. In addition, the definitions of 'proven mineral reserves' and 'probable mineral reserves' under the U.S. Rules are now 'substantially similar' to the corresponding standards under NI 43-101. Mineralization described using these terms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, U.S. investors are cautioned not to assume that any measured mineral resources, indicated mineral resources, or inferred mineral resources that Ero reports are or will be economically or legally mineable. Further, 'inferred mineral resources' have a greater amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Under Canadian securities laws, estimates of 'inferred mineral resources' may not form the basis of feasibility or pre-feasibility studies, except in rare cases. While the above terms under the U.S. Rules are 'substantially similar' to the standards under NI 43-101 and CIM Standards, there are differences in the definitions under the U.S. Rules and CIM Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that Ero may report as 'proven mineral reserves', 'probable mineral reserves', 'measured mineral resources', 'indicated mineral resources' and 'inferred mineral resources' under NI 43-101 would be the same had Ero prepared the reserve or resource estimates under the standards adopted under the U.S. Rules.
Yahoo
an hour ago
- Yahoo
Trump extends Mexico tariff deadline for 90 days
President Donald Trump on Thursday announced a 90-day extension of his tariff deadline for Mexico to allow more time for negotiations on a longer-term trade agreement. 'We have agreed to extend, for a 90 Day period, the exact same Deal as we had for the last short period of time, namely, that Mexico will continue to pay a 25% Fentanyl Tariff, 25% Tariff on Cars, and 50% Tariff on Steel, Aluminum, and Copper,' Trump wrote on Truth Social. 'We will be talking to Mexico over the next 90 Days with the goal of signing a Trade Deal somewhere within the 90 Day period of time, or longer.' Trump also claimed that "Mexico has agreed to immediately terminate its Non Tariff Trade Barriers, of which there were many," though he did not specify which ones — and other foreign governments have disputed similar claims the president has made about recent agreements with their countries. In a letter to Mexican President Claudia Sheinbaum sent earlier this month, Trump threatened to impose a 30 percent duty on Mexican imports beginning Aug. 1. His administration had already raised tariffs on Mexican goods to 25 percent earlier this year, but has exempted a significant portion of imports that are compliant with the terms of the U.S.-Mexico-Canada Agreement that Trump inked during his first term — some estimates put it at more than half of all Mexican goods entering the U.S. That deal is up for review in 2026. The president wrote Thursday that he spoke to Sheinbaum earlier in the day, adding, "more and more, we are getting to know and understand each other.' In her own post on X., Sheinbaum echoed Trump's warm words. 'We had a very good call with the President of the United States, Donald Trump. We avoided the tariff increase announced for tomorrow and secured 90 days to build a long-term agreement through dialogue.' Trump had previously insiste he would not extend his Aug. 1 deadline to raise tariffs on dozens of countries, sparking a flurry of dealmaking with major trading partners including the European Union, Japan and South Korea as they looked to stave off significantly higher duties. The preliminary agreements have all been verbal, with significant details still to work out. Trump said in his social media post Thursday, however, that, "The complexities of a Deal with Mexico" make it "somewhat different than other Nations because of both the problems, and assets, of the Border." 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