For the sixth month now, U.S. President Trump has been waging a zigzagging trade war. Since “Emancipation Day” on April 2, when he announced the <a href="https://www.cnbc.com/2025/04/03/us-tariff-rates-under-trump-will-be-higher-than-the-smoot-hawley-levels-from-great-depression-era.html">largest tariffs</a> in nearly a century, several countries, including the <a href="https://www.nytimes.com/2025/05/07/business/economy/trump-trade-britain.html">UK</a>&nbsp;and <a href="https://www.reuters.com/business/trump-strikes-tariff-deal-with-japan-auto-stocks-surge-2025-07-23/">Japan</a>, along with the <a href="https://www.cnbc.com/2025/07/27/trump-european-union-eu-trade-tariffs.html">EU</a>, have already managed to get a deal done to reduce the new tariffs. On August 11, Trump temporarily <a href="https://oninvest.com/article/tramp-prodlil-na-90-dnej-dedlajn-dla-povysenia-poslin-v-otnosenii-kitaa-smi">delayed</a>&nbsp;the introduction of tariffs on Chinese goods. During this period, shares of large companies climbed to new highs, while the weakness of small-cap stocks became more apparent.

Tariffs weigh on small caps, investors ponder next moves

NVIDIA Corporation

Advanced Micro Devices, Inc.

US President Donald Trump told reporters on Friday, August 15, on his way to Anchorage that duties on US semiconductor imports could <a href="https://www.barrons.com/articles/trump-tariffs-semiconductors-9b62f5ca">reach </a>300%. And early last week, he allowed Nvidia and Advanced Micro Devices (AMD) to supply China with chips for artificial intelligence, the export of which was previously restricted. The condition is that the companies will contribute 15% of such sales to the budget.

Small deal with big risks: how the introduction of the "export tax" in the USA will turn out

Broadcom Inc.

U.S. President Donald Trump, speaking to reporters on Friday aboard Air Force One, suggested that duties on U.S. semiconductor imports could rise by up to 300%, Bloomberg <a href="https://finance.yahoo.com/news/trump-says-semiconductor-tariffs-coming-125909996.html">reports</a>.

Trump says chip duties could reach 300%. Nvidia and AMD shares fell

Retail sales in the United States in July increased by 0.5% compared to June, the Census Bureau <a href="https://www.census.gov/retail/sales.html">reported</a>. The result matched analysts' expectations.

US retail sales in July rose in line with expectations 

Birkenstock Holding plc

Williams Trading analyst named Birkenstock as one of five "masthead" brands for retailers

Birkenstock beat forecast due to demand for shoes without discounts. Why did the stock fall?

A sharp rise in PPI could reduce the chances of a Fed rate cut in September 

U.S. wholesale prices posted fastest growth in 3 years

The Goldman Sachs Group, Inc.

Goldman economists predicted U.S. duties will be paid for out of consumers' pockets; Trump thinks from corporate profits

Trump suggested the head of Goldman Sachs should go to work as a DJ because of the duty outlook

US President Donald Trump has signed an executive order that extends until November 9 the deadline for imposing increased customs duties on imports of goods from China, The Wall Street Journal and The Washington Post <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-08-11-2025/card/trump-delays-higher-china-tariffs-SjRQOTlHKicacRQO8g4n?mod=article_inline&amp;adobe_mc=MCMID%3D44244154884319717072836332903417302254%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1754940682&amp;_gl=1*1q0aq66*_gcl_au*NDU0NzI1ODQ2LjE3NTI1MDI5NDA.*_ga*NjgyMzI0NjE5LjE3MTE2OTIyMDI.*_ga_K2H7B9JRSS*czE3NTQ5MzYxMjkkbzExNSRnMSR0MTc1NDk0MDUyOSRqMzQkbDEkaDMwNzgzOTY1MQ..">wrote </a>, citing a White House official.

Trump extends 90-day deadline for raising duties on China - media outlet

Barrick Mining Corporation

GoldMining Inc.

Donald Trump has confirmed that gold bullion will not be subject to duties

Gold has fallen in price the most in three months. What is the reason for the sell-off?

Nebius Group N.V.

Palantir Technologies Inc.

Intel Corporation

Apple Inc.

AI and fintech are surging in the U.S. market. OpenAI is preparing an employee stock deal that could raise the company's valuation to $500 billion - higher than SpaceX. Apple joined Donald Trump in announcing a $100 billion increase in investments in the U.S., including $2.5 billion in iPhone glass manufacturing. Palantir surpassed $1 billion in revenue for the first time, Nebius Group shares soared 28% after a seven-fold increase in revenue and an increase in guidance. The main events of August 4-8 are in our review;

Highlights of the week: Trump and duties, Palantir breaks records, OpenAI catches up with SpaceX


"Apple and Tim Cook have shown a masterclass in managing uncertainty," JPMorgan believes

Apple stock posted its best weekly gain since 2020 after Cook's visit to the White House

Imposing duties on gold bullion is a mistake by U.S. Border Patrol and Customs, and if not, a reason to go to court, analysts said