Tariffs
41 articles tagged tariffs
Policy Pulse - Trump / US Watch - 16 Oct 2026
Two days from the Graham Act deadline there is still no Section 113(g) notice to Congress, leaving VLO, PSX and DAL on the right side of a licensed Russian diesel flow. Trump's pharma portfolio grew from $1.7 million to as much as $56.2 million as Medicare exemptions expanded, and the US-Mexico tariff deal stalled on the 25% auto and 50% metals levies.
Policy Pulse - Global Spillover - 13 Oct 2026
China's CXMT claimed a 4F2 DRAM design and the KOSPI fell 5.46%, hitting MU, AVGO and INTC while re-rating TCS, INFY and HCLTECH through Nifty IT's 5.22% gain. Five days out, the Graham Act had still produced no notice to Congress, leaving IOC, BPCL, ONGC and Sun Pharma exposed on the Indian side.
Policy Pulse - Trump / US Watch - 13 Oct 2026
Goldman beat on a 72% surge in equities revenue while JPMorgan missed its first quarter in three years. Trump floated a US diesel export cap five days before the Graham Act's October 18 deadline, hitting VLO and PSX, and Trump Media pulled three crypto ETF filings as DJT fell 5% on a 32% approval rating.
Policy Pulse - Trump / US Watch - 12 Oct 2026
The Justice Department opened an antitrust probe into the five networks in the White House television pool, an overhang for CMCSA, PARA, WBD and FOXA, and a federal judge ordered the administration to cancel its taxpayer-funded television advertisements. Foreign military sales reform took effect for LMT, RTX and NOC, importers won a class-action route to tariff refunds for WMT and TGT, and Brent above USD 106 kept DAL and UAL under pressure into bank earnings on Tuesday.
Policy Pulse - Trump / US Watch - 08 Oct 2026
Trump's August financial disclosure showed 517 trades including the largest single position of the month, up to USD 25 million of META, plus USD 1-5 million of SPCX notes bought two days before a national space transportation policy targeting 1,000 launches a year by 2030; completion of Trump Accounts auto-enrolment for nearly 70 million children is positive for HOOD and SCHW. The indefinite de minimis suspension reaches its October 22 compliance date, positive for LLY, MRK and PFE by removing personal-importation arbitrage and negative for WMT and TGT on per-parcel cost.
Policy Pulse - Trump / US Watch - 07 Oct 2026
Trump unveiled Anduril's USD 3.7 billion Arsenal-2 submarine shipyard at Sparrows Point with a Navy contract of up to USD 2.9 billion and announced a 40 percent US government stake in the operating subsidiary, a 15 percent lift to Virginia-class production capacity that is positive for NUE and STLD on naval steel while leaving incumbents GD and HII two-sided as a new component competitor enters. The August trade deficit widened to USD 105.6 billion, the widest since Liberation Day, on record imports led by semiconductors and nonmonetary gold, positive for NVDA, AMD and NEM. The IRS issued a staking safe harbour, positive for COIN and HOOD.
Policy Pulse - Trump / US Watch - 06 Oct 2026
Trump signed an Emergency Tax Relief on Diesel Fuel order deferring the federal diesel excise tax from October 5 to December 31 for highway use - a per-mile cost cut for ODFL, CSX and DAL rather than a supply fix, with pump diesel still at USD 6.32 a gallon. CBP opened CAPE Phase 3 today, releasing roughly USD 20.6 billion of IEEPA tariff refunds to about 3,700 court plaintiffs - a cash event for WMT, TGT and AMZN. The copy-trade signal of the session was PTC Inc, up 30% in a day on disclosed presidential holdings of up to USD 6.15 million, while the July filing's USD 5-25 million sales each of AMZN and MSFT remain the largest non-DJT equity exits.
Policy Pulse - Trump / US Watch - 05 Oct 2026
Trump stood up the Super Intelligence Force on Sunday - a White House task force chaired by DNI Jay Clayton, with FTC Chair Andrew Ferguson and Pentagon CTO Emil Michael, and a charter written to prevent overregulation - a capex-permission signal for NVDA, AVGO and VRT. USTR Greer said negotiated tariff caps will be credited against the Section 301 excess-capacity probe, the July disclosure showed $5-25 million sales each of AMZN and MSFT alongside a June buy of small-cap defence name EFOR, and $90 Medicare payments to 20.8 million beneficiaries plus a renewed $5,000 cheque pledge read as a transfer positive for WMT, DG and UNH.
Policy Pulse - Trump / US Watch - 02 Oct 2026
September payrolls came in at just 29,000 against an 84,000-90,000 consensus with unemployment at 4.2% and July revised into a loss, taking the October Fed hike off the table and sending Treasury yields tumbling from a 24-year high. Trump announced on Truth Social that Europe will release emergency diesel stocks, pushing Brent below $100 and lifting DAL, UAL, CCL and RCL while pressuring XOM and CVX. Greer closed the G20 in Milwaukee with no timetable for US-China tariff cuts, and the July disclosure showed Trump's team sold up to $25 million each of AMZN and MSFT.
Policy Pulse - Global Spillover - 01 Oct 2026
G20 trade ministers endorsed a Milwaukee Framework on steel overcapacity as Greer put the MFN principle itself up for review, while a Section 301 overcapacity probe covering 16 economies including India remains the unexercised risk to SUNPHARMA, WELSPUNLIV and BHARATFORG. Brent went back above $100 on China's fuel-export halt, lifting XOM and CVX against DAL and CCL, the US 10-year held near 5.28% after its biggest quarterly gain since 1994, and Micron's blowout quarter drove a 2.9-3.3% Nikkei rally.
Policy Pulse - Trump / US Watch - 30 Sep 2026
Core PCE cooled to 3.0% and cut the priced odds of an October hike from 71% to 35%, sending short-dated yields lower and equity indices higher, while the Section 301 forced-labour tariffs - 10-12.5% on 86 countries covering 99.4% of US imports - went before the Court of International Trade and Trump credited a $15bn Iowa steel mill to his 50% steel tariffs. Canada's $1bn alcohol and dairy import ban is live, and the July 278-T showed 1,156 trades including Strategy bought at the 2026 lows.
Policy Pulse - Trump / US Watch - 16 Sep 2026
The Senate kills the CLARITY Act 49-50, sending COIN down ~10% and CRCL 8-11% and closing crypto's legislative route for 2026, while a 25bp Fed hike is 94% priced into tonight's decision with the 10-year at 4.995%. Trump's $1.4bn crypto income and the bill's blind-trust ethics clause made this a leader-trade story.
Policy Pulse - Trump / US Watch - 15 Sep 2026
Trump rejected Anthropic's AI slowdown call outright - 'whoever wins AI wins' - removing policy risk from the NVDA/AVGO/VRT capex trade even as the 10-year crossed 5% and hike odds topped 90% into tomorrow's FOMC. Canada's Section 338 product changes took effect today (ATVs and dairy in, road salt and cement out) and the Senate holds its 60-vote CLARITY Act test this afternoon (COIN, HOOD).
Policy Pulse - Trump / US Watch - 11 Sep 2026
August CPI matched at 3.4% y/y but core ran 0.3% m/m, holding September Fed hike odds near 60% and the 10-year near 4.95% - a headwind for NVDA, MU and INTC into ORCL's AI cloud beat. Trump's USD 5,000 dividend pledge costs an estimated USD 1.2-1.35 trillion (TLT risk, GLD bid) and Canada's Section 338 scope changes land September 15 (F, GM, STLA).
Policy Pulse - Trump / US Watch - 10 Sep 2026
Hot August PPI (headline +5.4% y/y, energy +4.2%, diesel +24.1%) and crude back above USD 100 pushed the 10-year to a 2023 high and September hike odds near 66%. Trump's top-9 energy holdings gained USD 1.5-4.4M during the Iran war (CVX, COP, XOM, OXY); Canada tariffs escalate to import bans on dairy, alcohol and motorcycles (F, GM, STLA, HOG) while aluminium bars and rods face 50% (AA).
Policy Pulse — Trump/US — 21 Aug 2026
Canada trade deal deadline looms with 50% Section 338 tariffs set for Aug 22; deal very close with auto tariffs potentially cut to 15%; Trump hosts crypto summit, DJT Truth API generating revenue
Policy Pulse — Modi & Trump — 19-20 Aug 2026
Trump pauses 50% Canada tariffs (Section 338), Modi appeals for economic self-reliance, SEBI modifies disclosure framework, RBI MPC minutes signal possible rate hike
Policy Pulse — Trump/US — 18 Aug 2026
Trump signs EO for 50% Canada tariffs effective Aug 19 using Section 338; retail beneficiaries WMT HD LOW, cruise lines CCL RCL at risk
Policy Pulse — Global — 07 Aug 2026
US polysilicon tariffs reshuffle global solar (SELL China c-Si exporters JKS/LONGI, BUY FSLR/SEDG); crude stays two-way as Hormuz deal is 'close but not signed'. India refiners/airlines benefit from softer crude.
Policy Pulse — Trump / US — 07 Aug 2026
Trump signs Section 232 tariffs + price floors on polysilicon (15% on derivatives, effective Dec 4). First Solar (FSLR) the clear winner; US solar manufacturing structurally repriced vs China.
Policy Pulse — Trump/US — 31 Jul 2026
US Pharmaceutical Section 232 tariffs take effect today: 100% on branded patented drugs, generics exempt. Structural BUY for LLY, MRK, JNJ, PFE, ABBV. Watch Sept 29 expansion.
Policy Pulse — Trump/US — 28 Jul 2026
Trump Media's Truth API launches Aug 1 (DJT catalyst); KOSPI -10.8% on China DUV chip fears triggers AI rotation to software (GOOGL, MSFT); Iran ceasefire holds easing oil — BUY DAL, UAL, CCL. Full stock impact analysis inside.
Policy Pulse — Global Spillover — 24 Jul 2026
Strait of Hormuz crisis at peak — 13th night of US strikes, Iran rejects ceasefire, oil above 00. Generic drug tariff timeline begins Aug 1. Section 122 expiry relief for importers. Stock impact: BUY oil/gas/defence/renewables, SELL airlines/refiners/generic pharma.
Policy Pulse — Trump/US — 24 Jul 2026
Section 122 expires, replaced by Section 301 (10-12.5%) forced labor tariffs on 60 economies. Iran tariff EO signed. Hormuz crisis deepens — oil above $100. Generic drug tariff timeline begins. Stock impact: BUY oil/defence/retail, SELL airlines/cruises/generic pharma.
Policy Pulse — Global Spillover — 23 Jul 2026
INFY Q1: +12% PAT, guidance trimmed, ADR -4.85%. INDIGO: ₹238cr net loss on fuel costs (85% rise). CIPLA: -39% PAT. Hormuz: 12th night, Brent near 8. IOC/MRPL halt Iraq loadings. Section 122 expiry tomorrow benefits Indian IT/Textiles. ONGC gains, refiners bleed.
Policy Pulse — Trump/US Watch — 23 Jul 2026
Section 122 tariff expires TOMORROW (Jul 24) — USTR missed replacement deadline, Wyden bill to repeal. Hormuz 12th night, Brent near 8. Generic drug tariff structural overhang continues. US retailers (WMT, TGT, COST, AMZN) biggest beneficiaries of Section 122 expiry.
Policy Pulse — Trump/US Watch — 22 Jul 2026
Trump escalates Hormuz (threatens Iranian infrastructure), announces generic drug tariff timeline (0%→100%→200%), unveils B Genesis AI Mission. Oil, defence, branded pharma gain; airlines, generic pharma under pressure.
Policy Pulse — Trump — 20 Jul 2026
🔴 Iran war escalation: 9th night of US strikes, Brent breaks 0, Houthis blockade Saudi ports. 📅 Section 122 tariff expires Jul 24 in 4 days. Impact: 🟢 BUY XOM, CVX, OXY, WMT, TGT | 🔴 SELL DAL, UAL, AAL
Policy Pulse — Global — 17 Jul 2026
Strait of Hormuz escalation: buy XOM, CVX, OXY, EOG; sell DAL, UAL, AAL, CCL, RCL. Section 301 deadline Jul 20: buy WMT, TGT, COST if Section 122 lapses; sell TCS, INFY, WIPRO, SUNPHARMA if 12.5% tariff hits.
Policy Pulse — Trump/US — 17 Jul 2026
Section 122 tariff expires Jul 24 (7 days) — buy WMT, TGT, COST, AMZN, HD, LOW. Strait of Hormuz escalates — buy XOM, CVX, OXY; sell DAL, UAL, AAL, CCL, RCL. USTR Section 301 deadline Jul 20.
Policy Pulse — Trump/US — 16 Jul 2026
Section 122 tariff expiry (Jul 24) just 8 days away — buy WMT, TGT, COST on import relief. Strait of Hormuz oil crisis intensifies — buy XOM, CVX, OXY, sell DAL, UAL, CCL.
Policy Pulse — Global — 15 Jul 2026
EU-US deal (15% ceiling) in effect, Section 301 deadline July 20, Section 122 expires July 24, USMCA enters annual review — TSLA, TCS, SUNPHARMA positioned across multi-tier tariff shifts.
Policy Pulse — Trump — 15 Jul 2026
Trump primetime address July 16 + Section 122 tariff expiry July 24 + pharma onshoring deadline July 31 create 9-day policy window — XOM, LLY, BA positioned for key outcomes.
Policy Pulse — Trump — 14 Jul 2026
Trump's $81B tariff refunds and new exemption EO signal shifting trade stance — tailwinds for mega-cap importers (AAPL, MSFT, LLY), crypto platforms (COIN, MSTR), and energy (XOM).
Policy Pulse — Ministries — 13 Jul 2026
USTR proposes 12.5% forced labor tariffs on 44 countries including India — textiles hit hardest (WELSPUN, TRIDENT). June retail inflation rises to 4.38%, breaches RBI target. SEBI tightens employee conduct rules (governance only).
Policy Pulse — Modi — 13 Jul 2026
India rejects rushed US trade deal — demands tariff edge over China. Risk of steeper tariffs later this month. IT (TCS, INFY) and textiles (WELSPUN, TRIDENT) exposed. HAL receives 7th GE engine — Tejas Mk1A programme gains momentum.
Policy Pulse — Trump — 10 Jul 2026
Trump's portfolio beats S&P 500 with 37.3% return; top holdings GOOGL, AAPL, NVDA, AVGO. Brokers bought $10M-$24M in defence stocks. Aircraft Section 232 probe launched. Spain trade threat via IEEPA escalates. USMCA non-renewed. AI E.O. 14409 signed.
Policy Pulse — Trump — 09 Jul 2026
Trump's brokers bought 0M-4M in defence stocks (Palantir, Lockheed Martin, GD). Iran MoU declared 'over' — oil surges to 8. Trump Accounts launch with 0B expected inflow. India defends against Section 301 tariffs on Day 3 of USTR hearings.
Policy Pulse — Trump — 08 Jul 2026
Trump's 2025 financial disclosure reveals 327 stock purchases worth 2.8M the day before his tariff pause — including AAPL, MSFT, NVDA, AMZN, GOOGL. Plus: Trump Accounts launch, Section 301 forced labour hearings targeting India.
Policy Pulse — Global Trade — 06 Jul 2026
USTR forced labor tariff hearings Jul 7-9 propose 12.5% duty on 60 economies including India; US pharma tariffs (100% on patented) exclude generics — Neutral for Indian API exporters; USMCA not renewed; Brazil tariff deadline Jul 15. Stocks: SUNPHARMA, DRREDDY, DIVIS, TCS, INFY, TATASTEEL, WELSPUN, RAYMOND.
Policy Pulse — Global Spillover — 03 Jul 2026
USTR proposes 12.5% Section 301 tariffs on India over forced labor findings — hearings Jul 7. Major risk for Indian pharma (Sun Pharma, Dr Reddy's, Cipla, Aurobindo), textiles (Welspun, Trident), and IT (TCS, Infosys).