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High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin

China Helps Italy's Brembo to Defy Auto Industry Weakness

Italian premium brake maker Brembo has posted moderate gains in first-half core earnings and revenue, thanks to strong performance in its Asian markets and robust business from maintaining older vehicles. This has helped counter a generally weak outlook for the automotive sector.

Resilience Amidst Industry Contraction

The automotive market faced a contraction in the first part of the year, with several major automakers, including Stellantis, Porsche, and Mercedes, reporting lower earnings. The recovery remains uncertain for the months ahead.

"The market is really struggling, including in its premium segment," said Executive Chairman Matteo Tiraboschi in a post-earnings interview with Reuters. "With this background, increasing revenue and preserving profitability was an achievement."

Financial Highlights

  • EBITDA Growth: Brembo's earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 2.1% to €351.4 million ($381 million) for the six months ending June 30.
  • Revenue Increase: Revenue rose by 2.8%, surpassing €2 billion for the first time, driven by a 7.2% growth in China and a 21.1% growth in India.
  • EBITDA Margin: The EBITDA margin remained stable at 17.5%, compared to 17.6% a year earlier.

Regional Performance

"Asia is a key area for us, with prolonged growth, mainly with China but not only with China," Tiraboschi said. "India is very important too, especially for the motorbike segment."

Aftermarket Business

The aftermarket business also supported Brembo's results. "Car sales going down mean fewer people changing their cars and more of them doing maintenance," Tiraboschi explained. "So the aftermarket is bringing benefits."

Clientele and Future Outlook

Brembo's clients include prominent automakers such as Tesla, BMW, and Chinese EV giant BYD. The Bergamo-based group has reiterated its full-year forecasts for moderate revenue growth and stable margins.

Market Reaction

Brembo's shares rose 3.8% by 1515 GMT, reversing earlier losses, reflecting investor confidence in the company's performance and outlook.

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