Diamonds and Dogs

4/7/25

A drink anyone? Brown Forman (BF-B) is up 2% as tariffs against rivals in the EU are heading up. The EU wants to hit the whiskey and bourbon markets while Trump could retaliate with 200% tariff on wine, champagne, and other alcoholic products. The Brown Forman CEO said his team have been planning on the tariff and forecasts already include conservative guidance.

Auto industry continues to struggle with the tariff news. Ford (F) and GM (GM) are lower 5% and 3% respectively. According to Barron's the tariffs could cost an average of $5000 per vehicle while ford and GM typically make $4000 per vehicle, wiping out their earnings and possibly the dividend. UK maker, Jaguar and Land Rover have halted shipments to the US. German, Audi has also halted imports to the US.