– In new research this week, we examine three major tariff actions by the Trump administration. The launch of a Section 232 review of critical minerals has yet to be fully defined but will likely target mainland China and may not lead to tariffs. The Section 232 review of medium and heavy trucks will have a small coverage patch but is the ninth industry-focused tariff investigation launched since January. Further details of fees for mainland Chinese shipping at US ports show a softening of the impact.
– The autos sector is already digesting the impact of Section 232 tariffs, with f...