Tag: Tariffs
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The US-Canada Trade War Goes Kinetic: Smoot-Hawley’s Ghost and a C$27.6 Billion Answer
Canada’s counter-tariffs on C$27.6 billion of US goods took effect as Washington moved from 50 per cent duties to outright import bans, the first use of Smoot-Hawley’s Section 338 in 96 years. Inside the escalation calendar and what it means for the Fed, the loonie and trade-exposed equities.
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Lululemon Q2 Earnings: The $134.5 Million Refund Behind a 15 Per Cent Fall
Lululemon Q2 earnings beat on a one-off tariff refund while revenue fell 4.3 per cent and guidance was cut by double digits, sending shares below $100.
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Shein’s Hong Kong IPO: A $100 Billion Story Lists at $26.5 Billion
Shein priced its Hong Kong IPO at $26.5 billion, 73 per cent below its 2022 private valuation, and fell 9 per cent on debut. Inside the growth collapse, the de minimis shock and what the listing says about the new tariff economy.
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Retail Earnings Week: Tariff Refunds, a Walmart Warning and a Narrowing Consumer
Walmart’s slowest US comps in six years, Target’s traffic beat, a frozen housing market, and billions in tariff refunds flattering the sector’s profits. Inside a distorted retail earnings week and what it really says about the US consumer.
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China’s July Stall: Retail Sales at 0.6% and an Investment Contraction That Keeps Deepening
China’s July data missed across the board: retail sales grew 0.6 per cent against 1.5 expected, industrial production slowed and investment contracted 6.7 per cent. Inside the balance-sheet recession behind the numbers, the deflation China exports, and what would change the story.
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US Forced Labour Tariffs: A 10 to 12.5 Per Cent Duty on 99 Per Cent of Imports
New US forced labour tariffs of 10 to 12.5 per cent hit 60 trading partners on 24 July 2026, covering 99 per cent of imports. Why markets shrugged, why the calm rests on testable assumptions, and what it means for the FOMC.
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Supreme Court Strikes Down Trump’s IEEPA Tariffs in Landmark 6-3 Ruling
Khan Capital | February 2026 Key Takeaways Part of: Tariffs & the Trade War – Khan Capital’s hub on tariffs and the trade war. On 20 February 2026, the United States Supreme Court delivered what may prove to be the most consequential economic ruling of the decade. In a 6-3 decision, the Court held that…
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2026 Outlook: Navigating Tariffs, AI, and Geopolitical Risk
Wall Street targets range from 7,100 to 8,000 for the S&P 500 as AI capex approaches $520 billion, valuations sit at dot-com-era levels, and the global easing cycle fractures. How to navigate the most complex investment environment since the pandemic.
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2025 Year in Review: DeepSeek, Tariffs, and Record Diversification
The S&P 500 delivers its third straight year of double-digit gains despite the DeepSeek shock, the worst tariff-driven sell-off since COVID, and a 60-percentage-point divergence within the Magnificent Seven. How diversification finally paid off and what it means for 2026.
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The 90-Day Tariff Pause: Markets Whipsaw on Policy Reversal
A single social media post triggers the third-largest rally in S&P 500 history as Trump pauses the tariffs that had pushed markets to the brink of a bear market. Why the bond market forced the reversal, and what remains unresolved.