Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to have you here on this Wednesday, July 23rd. I'm Julie Morgan. A sweet deal for Japan's carmakers, but a bitter one for Detroit.

Hershey hikes prices again, and Clorox says hackers didn't even have to try.

We begin with the potential fallout from the recently announced trade deal with Japan.

A coalition representing General Motors, Ford and Stalantis, is voicing concerns over the deal.

The deal announced Tuesday evening reduces tariffs on Japanese

auto imports to 15% while leaving the 25% tariff in place for vehicles imported from Canada

and Mexico. Matt Blunt, the president of the American Automotive Policy Council, which

represents the three automakers, told Reuters

the group is still reviewing the agreement. However, he warned that any deal that charges a lower

tariff for Japanese imports with virtually no U.S. content, then the tariff imposed on North American

built vehicles with high U.S. content is a bad deal for U.S. industry and

U.S. auto workers. The president has threatened to hike tariffs on Mexico to 30 percent and Canada

to 35 percent on the 1st of August. GM said Tuesday that tariffs cost the company $1.1 billion

in the second quarter and warned that the impact is likely to grow in the third quarter.

Stalantis said Monday it expects more impact from U.S. tariffs on vehicles and auto part imports in the second half of 2025.

Reporting Trump's tariffs that cost it $352 million so far. Meanwhile, Honda and

Toyota are both up double digits in pre-market action following the announcement. Honda is up 10%

and Toyota is above 12%. Hershey is raising prices for the second time in a little over a year.

The company cites persistently high cocoa costs that will drive a double-digit increase

in the price of candy.

Although cocoa prices are off their historically high $12,000 per metric ton cost,

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