25.05.06 WSJ

1. Macroeconomics

Title: Canada's Carney Seeks New Deals From Talks With Trump
Source: The Wall Street Journal
Date: May 6, 2025
Key Takeaways:

• Canadian Prime Minister Mark Carney meets with President Trump to negotiate the removal of new U.S. tariffs, including a 100% duty on foreign films and others on Canadian steel, aluminum, and cars.
• Carney aims to defend Canada's position under the USMCA and resist early renegotiation efforts.
• The meeting's outcome could significantly influence Canada-U.S. economic and security relations.
• Carney plans to highlight Canada's measures to prevent the flow of fentanyl and migrants into the U.S., countering American claims.
  Link: Read the article

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2. M&A / Private Equity

Title: Skechers to Go Private in $9.4 Billion 3G Deal
Source: The Wall Street Journal
Date: May 6, 2025
Key Takeaways:

• Skechers agrees to a $9.4 billion buyout by private-equity firm 3G Capital, transitioning from a public to a private company after over three decades.
• Founder and CEO Robert Greenberg, along with other executives, will remain with the company and take a stake in the newly formed private entity.
• Shareholders are offered $63 in cash per share or $57 per share with partial ownership in the private company.
• The deal follows challenges faced by Skechers, including exposure to tariffs from Chinese imports and lagging stock performance.
  Link: Read the article

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3. Opinion (Columnist)

Title: Have We Dodged the Tariff Disaster?
Author: Gerard Baker
Source: The Wall Street Journal – Opinion
Date: May 6, 2025
Key Takeaways:

• Gerard Baker analyzes the potential impacts of President Trump's proposed tariffs, including a 100% duty on foreign films.
• The column discusses the broader implications of protectionist policies on the U.S. economy and global trade relations.
• Baker questions whether the U.S. has successfully avoided the negative consequences of aggressive tariff strategies.
• The piece provides insight into the ongoing debate over trade policies and their effectiveness.
  Link: Read the article