Company Interview / Market Update | Tariffs, Abacus Storage King, City Chic, South32, Betr, China Trade

President Trump has said he will impose a 30% tariff on imports from Mexico and the European Union from August 1st, after failing to reach a comprehensive trade deal with two of its biggest trading partners.

Abacus Storage King has received ain improved non-binding offer from a consortium of Ki Corporation and U.S.-listed Public Storage valuing it at $2.17 billion, up from a prior offer of $1.93 billion.

City Chic Collective's unaudited EBITDA for FY25 is expected to come in between $6 million and $6.5 million, marking a turnaround from a loss of $8.4 million in the previous year.

South32 has put its FY26 production guidance under review as warns of unquantified expenses on its Mozal Aluminium smelter in Mozambique. South32 says it's been working with the Government and suppliers HCB and Eskom for the last six years to secure an electricity supply agreement beyond March next year when it's due to expire.

Sports gambling company, Betr Entertainment has provided a trading update for the year ended 30 June 2025.

China’s export growth accelerated for the first time since March, as exporters rushed out shipments to capitalise on a fragile tariff truce between Beijing and Washington ahead of a looming August deadline.