According to the brokerage, LG Electronics is well placed to benefit from structural premiumisation across TVs, refrigerators, washing machines and ACs, while the expanding LG Essential portfolio provides an additional growth factor by broadening its addressable market. Over the medium term, Motilal Oswal expects Sri City capacity expansion, deeper localisation and increasing exports to further strengthen the growth and profitability profile. NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy. Motilal Oswal Report Domestic brokerage firm Motilal Oswal values LG Electronics Ltd. at 45 times Sep'28E earnings per share to arrive at a target price of Rs 2,080 and has reiterated Buy rating implying a potential upside...
US President Donald Trump said on Monday that he would raise tariffs up to 50 per cent on a range of Canadian products in the auto sector from 2027 after trade talks between the neighbouring countries collapsed. Trump threatened Canada and said that it will no longer be treated like a US "state".
"On January first, 2027, tariffs on all cars, trucks, both large and small, automotive parts, and steel, will be increased to 50%. Build in the U.S. And there are zero tariffs," Trump said in a post on Truth Social.
The current US tariff on autos stands at 25 per cent for non-US content, while imported steel to the United States generally faces a 50-per cent duty.
The White House had alleged "discriminatory treatment" by Canada against US alcohol, automobile and dairy products in rolling out the duties.
Last week, Trump delayed the implementation of the tariffs by three days last week after the two countries had stepped up talks towards a trade deal.
The tariffs came into effect on Saturday after the negotiations collapsed, and it hits about 5.5 per cent of Canadian goods entering the US. The tariffs will affect about $20 billion worth of products ranging from hockey sticks to cement.
In a long post, he accused Canada of "ripping off" the United States for years and claimed that the country's "ridiculously high tariffs" on US farmers and their farm products have made life difficult for them. The US leader alleged that such tariffs have created a "60 billion dollar deficit" between the two countries.
Trump said that Canada is among the "worst" countries in the world to deal with.
"They feel entitled, and yet, we don't need Canada, they need us! They do 95% of their business with the U.S., with us, the exact opposite!" Trump wrote.
Canada's Carney Says US Launched 'Trade War'
After the negotiations between Washington and Ottawa broke down on Friday, Canadian Prime Minister Mark Carney said that he walked away because of a 'bad trade deal' and vowed to slap retaliatory tariffs on the US on Saturday.
Carney claimed that the US proposed new terms that were "uneconomic" and "unfair" and said that they undermined the net benefits for Canada.
He accused Trump of launching a trade "war" and said, "You're at war when you get attacked. We got attacked."
"We cannot accept what they've offered, and we will not give what they've asked," Carney said.
New Canadian tariffs will notably target the US steel and dairy industries and take effect on September 8. Carney said further details would come next week.
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