With trade confusion this week, Wall Street learns once again Trump tends to 'speak harshly but carry a small stick' [CNBC]
Berkshire Hathaway Inc. New (BRK.B)
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Source: CNBC
Getty Images President Donald Trump Here we go again. President Donald Trump surprised the markets this week by instructing the U.S. Department of Commerce to start an investigation into automobile imports. The government is looking into whether the imports threaten to impair the national security of the US. It will be carried out under Section 232 of the Trade Expansion Act of 1962, it said in a statement on Wednesday. Trump has discussed plans for auto import tariffs with industry officials, The Wall Street Journal reported Wednesday , citing sources. The report said the tariffs could be up to 25 percent, potentially hurting key US allies such as Mexico, Canada, Japan and Germany. But investors may want to look Trump's previous pattern of behavior before overreacting to the latest announcement: When things get difficult he tends to back down, or water down his policies. One Wall Street analyst believes Trump's move is just a
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BRK.B
Earnings
- 2/26/24 - Beat
BRK.B
Sec Filings
- 3/22/24 - Form PX14A6G
- 3/15/24 - Form ARS
- 3/15/24 - Form DEFA14A
- BRK.B's page on the SEC website