CNBC Daily Open: Trump's expanded tariffs mean putting out home fires could be more expensive

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Cargo containers stacked aboard a vessel astatine the Jakarta International Container Terminal successful Tanjung Priok Port connected Aug. 7, 2025.

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Tariff-related ruction appears to beryllium settling down, but U.S. President Donald Trump is inactive reshaping planetary commercialized and manufacture — and mundane life.

After the Trump medication hinted it could beryllium unfastened to Nvidia exporting much almighty chips to China aft their revenue-sharing agreement, the semiconductor darling was reported to beryllium developing a caller spot for Beijing.

And Intel's bounty from the CHIPS Act, formalized by the erstwhile medication nether Joe Biden, mightiness travel with a terms tag of giving the existent U.S. authorities a involvement successful the company. Other companies that person received backing from the aforesaid enactment — specified arsenic Micron and Samsung — whitethorn beryllium subject to the aforesaid exchange, Reuters reported.

Meanwhile, the effects of tariffs proceed to creep into the home.

The costs incurred by fires successful the U.S. — deliberation of the tragic Los Angeles wildfires successful January oregon the 1 near the Grand Canyon conscionable past period — are already growing, not conscionable successful presumption of the physical damage but besides the price of security premiums.

And present that Trump has added occurrence extinguishers to a database of alloy products that volition look a 50% import tariff, adjacent the terms of comparatively much benign and contained fires, specified arsenic those you commencement to pain photographs of your ex-partner, volition beryllium much costly to enactment out. That's a genuinely protest-worthy tariff.

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And finally...

The Millennium Bridge backdropped by St. Paul's Cathedral successful cardinal London connected Nov. 15, 2024.

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The terms is REIT: UK-quoted spot assemblage is consolidating rapidly

Episodes successful which the mighty KKR receives a bloody chemoreceptor are collector's items — but we had 1 successful the U.K. past week. The backstage equity elephantine was thwarted successful an effort to bargain Assura, a spot institution that owns much than 600 doctor's surgeries and aesculapian centers.

That speaks to a bigger communicative — which is that U.K. banal marketplace investors person concluded valuations successful the country's REIT (real property concern trust) assemblage had go ridiculously low.

— Ian King

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