BYD stock jumps, Goldman on Trump tariffs, toilet paper troubles: Markets news

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Image for article titled BYD stock jumps, Goldman on Trump tariffs, and toilet paper troubles: Markets news roundup — Photo: Alex Wong (Getty Images), Justin Sullivan (Getty Images), Sean Gallup (Getty Images), Chip Somodevilla (Getty Images), Justin Sullivan (Getty Images), Brandon Bell (Getty Images), Scott Olson (Getty Images), Illustration: Dan Kitwood (Getty Images)

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Trump’s next tariffs may surprise investors, Goldman Sachs economist warns

President Donald Trump’s tariff announcement scheduled for April 2 is set to give the market a negative surprise, according to a Goldman Sachs (GS) economist.

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U.S. manufacturing is shrinking again as Trump’s tariffs set in

Manufacturing shrank again this month, after a brief reprieve in in January and February, according to the flash manufacturing Purchasing Managers Index (PMI) for March. The entire economy is probably slowing, Citi (C) analysts wrote.

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BYD’s stock jumps on better-than-expected earnings

BYD’s (BYDDY) stock jumped almost 6% after the Chinese electric vehicle maker’s sales and profit for 2024 topped expectations, overtaking Tesla (TSLA) in revenue.

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Trump’s tariffs may cause toilet paper supply to unroll

Sparse toilet paper supplies in Maryland in April 2020

The U.S. supply of toilet paper may come unspooled. President Donald Trump’s increased tariffs on Canadian softwood lumber could have the unintended effect of disrupting production of the bathroom essential.

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