New Street Research - Court Appears Skeptical of Both Sides in Argument over Trump Tariffs

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New Street Research

Blair Levin

EUR 8937.00 For Business Accounts Only

Court Appears Skeptical of Both Sides in Argument over Trump Tariffs

Yesterday, the US Court of International Trade heard arguments in one of the cases challenging the legality of the Trump Tariffs. In this note, we quickly review that argument.

14/05/2025 1 EN

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

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Pan European Telecom Services and Cable

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Analysts

Blair Levin

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Court Appears Skeptical of Both Sides in Argument over Trump Tariffs

Rakuten (Reduce, ¥510, -42%) Q1 25 Quick Take: Mixed, mobile momentum fading

KDDI (Buy, ¥3,150, +22%) Q4 24 Quick Take: Good revenue growth; big buyback again; but guidance in line

SATS: updated analysis on licenses at risk

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