We're still increasing pricing based on the most up-to-date tariff announcements from India and the U.S., because it's not going back down to zero. It's still elevated. The cost of our goods has also shot up, because gold has almost doubled since last year.
The Supreme Court, in a 6-3 opinion authored by Chief Justice John Roberts, struck down most of Trump's tariffs on Friday, ruling that the law he was invoking could not be used for such a purpose. Trump had been claiming that the 1977 International Emergency Economic Powers Act gave him the emergency power to set tariffs on a whim, without the need for investigative findings or durational limits, for any particular reason that struck his fancy.
The secret to BYD's success is simple: The company makes high-tech electric and hybrid cars and sells them at incredible prices. The tiny BYD Seagull costs as little as $8,000 in China, and it's a megahit in several countries. The Chinese car industry-not just BYD but also its many competitors that also make affordable cars-is quickly taking over the world.
In the high tech universe, there is only a single common road that Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), Apple (NASDAQ: AAPL), Qualcomm (NASDAQ: QCOM), Broadcom (NASDAQ: AVGO) and many others must go to get their chips made, no matter where they hail from. That road inevitably leads to Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM), the largest semiconductor foundry on the planet.
Ford posted stronger-than-expected third-quarter results on record revenue, but cut its 2025 outlook amid a New York aluminum plant fire and shifting trade rules that are reshaping the automaker's near-term path and product mix. In a pointed nod to Washington, CEO Jim Farley credited President Trump's latest tariff policies and domestic-production credits with tilting the field toward U.S.-built trucks-while signaling Ford will lean harder into profitable gas and hybrid models as federal emissions goals ease.
Some of his initiatives are pure Ronald Reagan, such as his corporate-income tax cuts and deregulation efforts targeted at oil and gas. Some of his interventions would impress a Democratic Socialists of America chapter, such as demanding a public stake in Intel, requesting 15 percent of revenues from Nvidia's chip sales to China, and securing a "golden share" of U.S. Steel to retain veto power over its decision making.
President Donald Trump lampooned Democrats on Tuesday, saying the party, with politicians like Alexandria Ocasio-Cortez and Jasmine Crockett, is in rough shape heading into the 2026 midterms and the 2028 presidential election. They're just terrible people. They don't have a bench, Trump said during an interview on CNN pundit Scott Jennings' radio show. The president mocked AOC, saying the New York representative speaks like a little mouse which is why Democratic leaders are keeping her away from microphones lately, he added.
