Shane Solly: Harbour Asset Management spokesperson on whether the delayed tariffs on Canada and Mexico will go ahead

Over in the US, there's plenty of speculation as to what will happen with Trump's proposed tariffs on Canada and Mexico. 

The proposed tariffs aren't set to kick in until April, but there's theories Trump may alter the tariffs - and put a higher one on China.

Harbour Asset Management's Shane Solly explains further.

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Episode Transcript

Speaker 1 (00:00):
Shane Soley Harbor Asset Managements with US Shane good evening. Okay, Ryan,
what is this this meeting between Trump and Zolenski and
the Pesky jd vance? Butting in what does it mean
for capital markets? How capital markets dealing with the bombs
and the surprises.

Speaker 2 (00:16):
It was pretty fiery, wasn't it. Well, Look, actually markets
in the US were rattled initially. We saw the US
dollar actually go up. That's what happens when people get
worried about risks, they go into a rather protected place
to be. And the shoemaker actually initially went down, but
then it had a really good rally to the end
of the period. So actually it being of it all
US dollar up, US shares up, I guess that this

(00:38):
has become a little bit wary about White House announcements.
You know, we also had mister Trump talking about his
new cryptocurrency reserve that put a little bit of a
match under the bitcoin price, which has gone up eight
en percent. Sins you talked about that. So yeah, we're
nothing in this part of the world today. We haven't
really reacted to this part of the world. But people
are going to watch really closer this week about whether

(00:58):
there's more discussion about Canada Mexico tariffs where they're going
to be delayed until April, and whether the Chinese tariffs.

Speaker 1 (01:06):
Go up yeah, or even the amount changed right because
he said twenty five percent, and then there was an
official from the White House coming out today saying, I
actually he may change that from twenty five A lot
to watch, A lot to watch. What was behind the
Warehouse Group their sheer price down seven percent today? What
was there?

Speaker 2 (01:24):
We saw a pretty cautious update from the company. These
tough trading conditions they've continued, and a lot of it
it's about promotional activity. So basically the company is having
to cut prices and really stimulate sales to try and
get their numbers up. Unfortunately, it's not quite working their way.
Group salers are down for this first half of twenty five,
not as much as people have been expecting, and they're

(01:47):
actually talking about sales on it. But it's all about Hey,
they've had to cut their prices. They're getting their margins
back to where they were perhaps pre COVID more normal levels. Unfortunately,
that means the next half is looking pretty soft for
the Warehouse. In fact, their numbers are going to look
quite a lot lower than whether the capital market expected.

(02:07):
As a result, we've seen this the chair price come
off quite quite soundy today.

Speaker 1 (02:12):
In contrast to that we've had Pacific Edge. The price
is a strong recovery over the last couple of days
on some positive news.

Speaker 2 (02:19):
Yeah. Look, the American Neurology Eurology Association actually amended their
guidelines to say that Pacific Edge is sex bladder triochy test.
This is for discovering whether you unfortunately have bladder cancer
or otherwise. They said, look, actually this is great. We're
going to put it in our standard of care. And
as a result, this may see Pacific Edge go back

(02:41):
to the US centers for Medicare Medicaid. It's the major
insurance provider from the government. Recently they said, look, we're
not going to provide insurance, We're not going to cover
the costs of the test anymore, and so the Pacificage
share price fell. This actually puts them back in the
game in terms of potentially getting that funding back. So
the ship rice has gone up one hundred and thirty

(03:02):
percent in the last few days to fourteen dollars or sorry,
fifteen cents I should say today. So yeah, big, big
pop there on that data very quickly.

Speaker 1 (03:11):
The New Zealand sheer market generally was down three percent
last month. Why. I mean, obviously Spark hasn't helped us
to the last really while. But what's behind that is
that just a general first half reporting season and being
a bit gloomy.

Speaker 2 (03:23):
Yeah, yeah, I think there's a combined thing as you right, Ryan,
there's a global work to any in this trader, and
certainly we've just talked about disappointing earnings results that have
fed through the Ernie's downgrades for this current financial year.
And also we had quite a large capital raising both
Ryme and this billion dollar rays. We needed to sell
things to fund that. But it wasn't all gloomy. There

(03:44):
were green shoots coming through in a few results. Lower
government bond you was helpful for evaluations, and we might
look back and say some of these liquidity events around
Ryman and even the Misco Global Next changes for contact
creating some great opportunities for long term investors. But yeah,
we've hopefully seen the base, Ryan. Is probably the best
thing we'd say is we've seen these green shoots more regularly.

Speaker 1 (04:06):
Shane, Thanks for your time. Shane. Sally Harbor Asset Management.

Speaker 2 (04:09):
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