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Jefferies Financial Down Nearly 11%, on Pace for Largest Percent Decrease Since March 2020 -- Data Talk
Shares of Capital Market Companies Are Trading Lower as Markets React to President Trump's Announcement of Sweeping Tariffs.
Express News | Shares of Capital Market Companies Are Trading Lower as Markets React to President Trump's Announcement of Sweeping Tariffs
Jefferies Financial: Apple's $500 billion domestic investment in the USA may help it obtain tariff exemptions.
Jefferies Financial expects that Apple's $500 billion domestic investment in the USA may help secure tariff exemptions. Apple shares fell over 7% in pre-market trading as Trump stated on Wednesday local time that a 10% base tariff would be imposed on all goods imported to the USA, with higher tariffs on several other countries. Jefferies Financial expects that Apple's $500 billion domestic investment in the USA may help secure tariff exemptions. In early 2018, during Trump's administration, Apple received a tariff exemption. In February this year, Apple announced that it would invest $500 billion in the USA over the next four years, which includes investments in Texas.
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Analyst: Mercedes-Benz stockpiles goods in the US in advance to deal with tariffs.
The Analyst meeting minutes show that on March 25, executives from Mercedes-Benz (MBGn.DE) revealed that the company is increasing inventory in the USA through wholesale channels and Dealer networks to avoid the import tariffs that will take effect on April 3. Bernstein Research pointed out that when asked about pricing strategy, executives emphasized that automakers cannot act in isolation, suggesting that responses will depend on competitors' actions. This luxury car manufacturer has not yet responded to requests for comment. This investor conference call was held before the silent period leading up to the release of the Earnings Reports on April 30. Currently, automakers are cautiously assessing whether to raise prices and by how much, due to concerns that revealing plans too early could provoke Trump.