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Toyota expects to lose billions as Trump tariffs weigh on auto sector
Toyota expects a $9.5bn hit from United States President Donald Trump’s tariffs on cars imported to the US, the largest of any company to date, underscoring growing margin pressures. The world’s top-selling carmaker announced the forecast impact alongside its updated annual guidance on Thursday. Toyota also cut its forecast for full-year operating profit by 16 percent, reflecting challenges for global manufacturers grappling with rising costs from US levies on cars, parts, steel and aluminium. “It’s honestly very difficult for us to predict what will happen regarding the market environment,” Takanori Azuma, ... (full story)
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From etftrends.com|Aug 7, 2025Gold has undeniably been the standout asset class of the year, stealing the spotlight after a string of record highs. Bullion prices have surged 30% YTD to outpace equities and ...
From treasurydirect.gov|Aug 7, 2025|2 commentstable
From channelnewsasia.com|Aug 7, 2025US President Donald Trump on Wednesday (Aug 6) announced an additional 25 per cent tariff on India over its purchase of Russian oil, bringing the combined levy to 50 per cent. ...
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From fxstreet.com|Aug 7, 2025Gold price reverses its course and registers solid gains on Thursday as the latest round of jobs data in the United States (US) points to a weakening labor market. Consequently, ...
From @FirstSquawk|Aug 7, 2025|117 commentsWhite House Gets Ready for Trump to Pick US CEA Chair Miran for Fed Board, Expected to Fill Seat Temporarily.
From @realDonaldTrump|Aug 7, 2025|18 comments
It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to serve in the just vacated seat on the Federal Reserve Board until January 31, 2026. In the meantime, we will continue to search for a permanent replacement. Stephen has a Ph.D. in Economics from Harvard University, and served with distinction in my First Administration. He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled — He will do an outstanding job. Congratulations Stephen!
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- Aug 7, 2025 1:09pm Posted byFundamental Analysis174
