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Latest Financial Results for Samsung and LG Show Impact of Trade Troubles

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Samsung and LG released preliminary financial results

Two major South Korean tech behemoths, Samsung Electronics and LG Electronics, have released preliminary reports on their financial results for the second quarter of fiscal 2025, and these results paint a troubling portrait of a changing trade environment where declining profits and softening consumer demand foretell a challenging road ahead. Both companies reported modest revenue declines and more dramatic operating profit declines as each scrambles to adjust operations for a challenging business environment.

Read all about the strong headwinds buffeting Samsung and LG

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Tariffs: New Business Survey Shows Companies are Already Feeling the Pain

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Tariffs are disrupting international trade as shown by this ship

A new survey of U.S. companies by KPMG reports that they are already feeling the pain of the Administration’s new tariff program, which is still under negotiation with countries around the world. Even at current levels, U.S. businesses have been impacted, reporting they are experiencing declining gross margins…will be forced to further raise prices…are already being impacted by consumer pushback…have suffered sales declines from retaliatory tariff increases in other countries, and more.

Overall, it’s a pretty sobering look at the impact of tariffs on companies now, and a scary foretelling of what they anticipate in a darkened future.

See more on this eye-opening KPMG study on the impact of tariffs

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T-Day+1: Tariffs…And So It Begins…

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**NEW Update 7/11/25** – See Updated Tariff Programs from Around the Industry

**7/11/25 – New program adjustments. See below** The reality is beginning to set in. Most industry manufacturers have updated their pricing with tariff-driven price increases…some as high as 50+%. Two weeks ago, on a day I call T-Day (for tariff day), the Trump Administration announced a new “reciprocal” tariff program on America’s top 100 trading partners that is bigger and more impactful than anything he ever toyed with during his first term. Even though most of that plan has been put on a 90-day hold (except for China), anywhere from 10%…to 10%+20% is now implemented. The impact of that is starting to hit economies around the world.

And the reality and impact of that is also beginning to hit individual businesses and consumers.

See more on the inflection point of the tariff program now beginning…

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China March Exports & Q1 GDP Blow Away Forecasts as Exporters Rush to Beat Tariffs

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Ship being loaded in China
[Image: Reuters]

According to the latest Chinese customs data, outbound shipments in March increased by 12.4% year-over-year (YoY) far exceeding all previous estimates. In addition to that, first quarter GDP lept 5.4% in China, a huge increase over recent historical moves. It appears that exporters are seeking to beat the newly aggressive U.S. tariff policy by front-loading their needs.

See more on China’s massive uptick in exports in March

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T-Day Has Arrived: US Imposes Escalated Tariffs on Trade Partners

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President Trump announcing escalated tariffs

Now What?

On Wednesday, the Trump Administration unveiled its long-anticipated tariff policy, the details of which showed tariff rates turned out to be much higher than expected and a rollout plan that turned out to be much faster than expected. Overseas markets dropped as investors feared the onset of a trade war was brewing. Thursday morning, U.S. markets followed the rest of the world and saw stock values collapse in the wake of the announcement.

What happened? And…now what??

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NPR: American Speaker Manufacturer Says Tariffs May Force Him Out

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Photo of Dan Digre

This week, National Public Radio (NPR) tells the story of the Minneapolis Speaker Company, Inc., known as MISCO, a St. Paul, MN-based manufacturer of speaker drivers and systems sold mostly on an OEM basis, who is struggling to continue to manufacture products here in the U.S. as they have for the last 70 years. What threatens their ability to continue to do so? In a word…tariffs.

See more on the MISCO story…

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CTA: Tariffs Mean Consumer Pain, Business Uncertainty

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The Consumer Technology Association (CTA) is pulling no punches when it comes to the latest revised tariff schedule being implemented by the Trump administration. The recently revised tariff schedule, which started a new round of tariffs just days ago on September 1st, with a second round scheduled to hit on December 15th means pain and uncertainty moving forward according to the CTA.

See what the CTA had to say about tariffs…

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AudioControl CEO on Fox Biz Network Says Tariffs are Trouble

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AudioControl CEO Alex Camara on the Fox Business Network

Alex Camara, CEO of Seattle-based specialty electronics manufacturer AudioControl, was featured Friday on a segment on the Fox Business Network (FBN) talking the real impact of tariffs on American manufacturers. In the wake of the move by the Trump administration pushing a dramatically increased 25% tariff on a wide range of Chinese goods, Camara explained to FBN anchor Liz Claman the true impact these tariffs have on his business…and ultimately the American consumer.

See Camara explain how tariffs are trouble…

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Nearly 8 of 10 Economists Predict Recession by 2021

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graph showing economists expect recession ahead

A new survey by a business economics organization reveals that nearly 8 out of 10 economists (77%) say there will be a recession in the U.S. by 2021. A majority or 52% of them suggest that a recession will take place by the end of 2020. Yet even so, a majority of these economists anticipate that the Federal Reserve Board will continue to raise interest rates yet this year.

See the surprising results of this survey of economists…

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