Uncategorized

The Week in Numbers: chips, drugs and Donald Trump

STORY: From a Trump tariff with a big get-out clause, to Apple’s bid to win favor in the White House, this is the Week in Numbers.GRAPHIC 100%100% is set to be the U.S. tariff on imported computer chips.But President Donald Trump included a big caveat in the move – it won’t apply to firms manufacturing in the U.S., or with firm plans to do so.“If you’re building, there will be no charge. So I just want everyone to know that.”That appears to exempt companies like Taiwan giant TSMC.Trump also flagged coming duties on drugs, saying they could ultimately hit 250%. GRAPHIC $100 billion$100 billion is the extra U.S. investment pledged by Apple.The move could help the firm sidestep tariffs on imported iPhones.But analysts noted that Apple boss Tim Cook didn’t make any firm promise to shift production of the handsets:“The whole thing is just the final assembly that you’re focused on and that will be elsewhere for a while.”GRAPHIC 16%16% was the cut to a profit outlook at Toyota.The world’s largest automaker says it expects the hit from tariffs to be near $10 billion.But the impact isn’t so worrying for all of Japan’s big exporters.Sony raised its profit outlook, saying the new duties weren’t as bad as feared.GRAPHIC 0.25%A quarter of a percentage point was the rate cut announced by Bank of England Governor Andrew Bailey:“Domestic price and wage pressures have generally continued to abate in recent months.”But policymakers had a hard time deciding, with two votes required for the first time ever.Hawks fear it’s no time for a cut, with inflation sticking stubbornly above the bank’s 2% target.GRAPHIC 55%And over 55% was the surge in shares for U.S. space startup Firefly Aerospace when it debuted on the Nasdaq.Traders snapped up shares in the first private firm to do a successful lunar landing.Analysts say it’s another sign of investor enthusiasm for companies aiding the expansion of U.S. space and defense programs.