Wall Street Journal (August 26)
“Americans are now paying roughly 75% more for aluminum than the rest of the world. Steel prices in the U.S. are also about 64% higher than in northern Europe.” This is partly because the “metal tariffs are stacked on top of other tariffs on China, which is the world’s largest producer of steel and aluminum.” Under Trump, “the metal tariffs (including copper) have raised some $46.9 billion in revenue for the government during the current fiscal year through June, plus $21.8 billion in 2025. That’s … a nearly $70 billion tax on Americans.”
Tags: $70 billion, 75%, Aluminum, Americans, China, Copper, Government, Metal, Northern Europe, Producer, Revenue, Stacked, Steel prices, U.S.
Forbes (April 27)
“The market capitalization of LVMH, the company chaired by the world’s richest person Bernard Arnault” reached $498 billion Thursday morning, surpassing “that of Tesla, the firm led by the world’s second-richest person Elon Musk.” The move came “as Arnault’s lead on Musk as the richest man extends to over $70 billion.”
Tags: $498 billion, $70 billion, Arnault, Chair, LVMH, Market-cap, Musk, Richest, Tesla
INC. (July/August Issue)
IPOs are forecast to top 200 in 2019, raising approximately $70 billion. “If companies now seem to be rushing to the IPO market, it may be they sense that the risks of waiting are rising fast. VCs are taking advantage of the best opportunity to transfer that risk—and burn rate—to public stockholders.”
Tags: $70 billion, 2019, Burn rate, IPOs, Opportunity, Risks, Rush, Stockholders, VCs
