Toyota, Honda Brace for Impact After Trump Auto Tariffs, Stronger Yen
Toyota likely saw a dip in first-quarter operating profit, according to estimates. While the company posted record global sales in the first half driven by a surge in pre-tariff purchases, Bloomberg Intelligence said the automaker is likely weighed down by factors including supply chain costs.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 minutes ago
- Yahoo
Japan's Sojitz, JOGMEC team up with Alcoa for gallium study in Australia
TOKYO (Reuters) -Japanese trading house Sojitz established a joint venture with Japan Organization for Metals and Energy Security (JOGMEC) to study gallium production in Australia, Sojitz said on Monday. Gallium, a critical mineral, is used in semiconductors where demand continues to grow with the expansion of electric cars, mobile devices and other electronic items. The joint venture, Japan Australia Gallium Associates (JAGA), signed a joint development agreement with U.S. Alcoa to explore the feasibility of producing gallium at Alcoa's alumina refinery in Western Australia. The companies aim for final investment decision by the end of 2025, Sojitz said on Monday, and production in 2026 with gallium to be sold in Japan and in other countries. 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
2 minutes ago
- Yahoo
Swiss Inflation Unexpectedly Quickens, Offering SNB Respite
(Bloomberg) -- Swiss inflation unexpectedly accelerated, a reading that will be welcomed by policymakers mulling whether to reintroduce negative interest rates. We Should All Be Biking Along the Beach Seeking Relief From Heat and Smog, Cities Follow the Wind Chicago Curbs Hiring, Travel to Tackle $1 Billion Budget Hole NYC Mayor Adams Gives Bally's Bronx Casino Plan a Second Chance Consumer prices rose 0.2% from a year ago in July, beating economist expectations for another increase of 0.1% as happened a month earlier. Costs for hotels and car rentals rose, while those of flights, package holidays, clothing and footwear fell, the statistics agency said in a statement on Monday. A gauge excluding fresh and seasonal items as well as energy climbed 0.8%. Switzerland's weak inflation reflects the strength of the franc, which has made imports so cheap that the foreign contribution to prices has already been negative for several months. That led the Swiss National Bank to cut rates to zero in June. While officials have expressed some qualms on going below zero, a sizeable minority of economists surveyed by Bloomberg expect the SNB to cut rates below zero within the year, possibly as soon as the next policy meeting in September. The prospect of such a step increased last week, when the US announced that Switzerland's imports will be charged 39% tariffs as of Aug. 7. Bloomberg Economics estimates that this represents a shock of around 23 percentage points for the Swiss economy, putting roughly 1% of its GDP at risk over the medium term. What Bloomberg Economics Says... 'The SNB is unlikely to take comfort in this reading and will probably stay cautious about the franc's movements in the months ahead. We still expect it to cut rates later this year, to negative territory, depending on the outlook for the currency, although a cut in September now seems less likely.' —Jean Dalbard, economist. For full React, click here Consumer-price growth in the surrounding euro area remains significantly stronger than in Switzerland and came in at 2% in July. Based on the European Union's harmonized measure, Swiss prices rose 0.1% in the period. --With assistance from Harumi Ichikura, Joel Rinneby and Mark Evans. (Updates with Bloomberg Economics after sixth paragraph) How Podcast-Obsessed Tech Investors Made a New Media Industry Russia Builds a New Web Around Kremlin's Handpicked Super App Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off What's Really Behind Those Rosy GDP Numbers? Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts ©2025 Bloomberg L.P.
Yahoo
2 minutes ago
- Yahoo
Chinese manufacturers rethink south-east Asia pivot after Donald Trump's tariffs
Chinese exporters are reconsidering investment in offshore factories as US tariffs on alternative hubs and new restrictions on
