U.S. companies absorb tariff hit

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 11 August 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

U.S. businesses are absorbing two-thirds of tariff costs so far - Goldman. (00:23) Nvidia (NVDA), AMD to pay 15% of China AI chip sales to the U.S. - report. (01:27) C3.ai shakes up global sales team after slashing revenue outlook by 33%. (02:24)

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Transcript

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0:00.0	Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.
0:08.0	Welcome to the second full week of August. Today is Monday, August 11th. I'm Julie Morgan.
0:14.7	U.S. companies are feeling the tariff pain, chip giants pay to sell in China, and C3AI takes a hit.
0:23.6	According to analysis by Goldman sacks the cost of tariffs is being born mostly by U.S. companies so
0:30.3	far. The Vice President for Economy and Trade at the Cato Institute tweeted some of Goldman's
0:36.0	still very early analysis. It showed that through June,
0:39.5	64 percent of tariff costs were taken on by U.S. companies with 22 percent absorbed by U.S.
0:46.9	consumers and 14 percent by foreign exporters. Goldman estimates that tariffs have added
0:53.5	0.2 percentage point to the core PCE price
0:57.1	index through June and will add 0.66 percentage point to the core PCE over the remainder of the
1:04.2	year. Goldman said that would leave core PCE inflation at 3.2% year over year, but implying a softer 2.4% underlying trend of
1:14.8	inflation net of tariff effects. This article has been very popular in less than 24 hours on
1:21.8	seeking Alpha with 175 comments thus far. Invidia and advanced micro devices have agreed to hand over 15% of revenues from their Chinese
1:34.0	AI chip sales to the U.S. government in exchange for export licenses.
1:39.0	According to multiple published reports, NVIDIA will share 15% of revenue from sales of its H20 AI
1:46.8	accelerator in China. AMD is expected to contribute an identical share from its MI308 chip revenues.
1:55.3	Seeking Alpha reached out to both companies for a comment. AmD did not immediately respond to Seeking Alpha's request for comment.
2:03.6	However, an NVIDIA spokesperson told Seeking Alpha that it follows the rules the U.S.
2:08.7	government sets for their participation in worldwide markets.
2:12.6	The statement goes on to say that they have not shipped H20 to China for months, but they hope export control rules
2:19.3	would let America compete in China and worldwide. C3A.I has restructured its global sales and services
2:28.0	organization, including new leadership. The company projects preliminary revenue of $70.2 to $70.4 million, which is roughly 33% below the midpoint of its prior outlook.
	...

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