Kalkine’s Global Tariff Report provides fully independent analysis and data-driven analysis of major global sectors affected by tariff changes, evaluating the implications these shifts may have on equity valuations across those industries. The report concentrates on trade-sensitive sectors that typically experience heightened investor scrutiny during periods of tariff uncertainty. It also identifies defensive and countercyclical segments that demonstrate relative resilience or may even outperform, amid disruptions to global trade flows.
As illustrated in the table below, several key sectors in different countries are directly impacted by the recent tariff announcement from President Trump.
- Reciprocal Tariff Suspension Extended Until August 1 - The United States has extended its temporary pause on the 10% baseline reciprocal tariff policy, which was initially set to expire on July 9. Through an executive order, the suspension will now remain in effect until August 1, allowing additional time for ongoing trade negotiations.
- 30% Import Tariffs on EU and Mexican Goods Starting August - Beginning August 1, the U.S. will implement a 30% tariff on a wide range of imports from both the European Union and Mexico. This measure forms part of a broader realignment of trade policy under the current administration, aimed at addressing long-standing trade imbalances.
- 35% Tariff on Canadian Imports and Wider Tariff Expansion - Canadian goods will be subject to a 35% import duty starting in August. In tandem, the U.S. plans to introduce a new standard tariff—ranging between 10% and 15%—on products from over 150 countries, following the issuance of formal trade notifications.
- 50% Duties on Brazilian Exports and Copper Shipments - One of the most significant tariff increases announced to date includes a 50% duty on imports from Brazil, as well as on copper products entering the U.S. This new rate will take effect on August 1, signalling a stricter stance on trade with key resource-exporting countries.
- Tariffs Targeting Developing Nations and Strategic Sectors - As of July 15, the U.S. has unveiled plans to apply tariffs exceeding 10% on imports from multiple developing countries, particularly in Africa and the Caribbean. Future tariff rounds are expected to concentrate on strategic high-tech industries such as pharmaceuticals and semiconductors, as part of a sector-specific trade focus.
The UK closed May 2025 with a trade deficit of GBP ~21.00 bn. Total exports reached GBP ~29.10 billion, while imports stood at GBP ~50.10 billion.
Image source: © 2025 Krish Capital Pty. Ltd., Data Source: REFINITIV, Analysis: Kalkine Group
Image source: © 2025 Krish Capital Pty. Ltd., Data Source: REFINITIV, Analysis: Kalkine Group
Image source: © 2025 Krish Capital Pty. Ltd., Data Source: REFINITIV, Analysis: Kalkine Group
Amid elevated Market Volatility and Tariff pressures, Iofina PLC (LSE: IOF) stands out as our defensive pick within the Chemicals sector, supported by rigorous fundamental and technical research.
Section 1: Company Overview and Fundamental Insights
Iofina PLC
Iofina PLC (LSE: IOF) is an FTSE AIM All-Share index listed specialists in the exploration and production of iodine and manufacturers of specialty chemical products.
The top 10 shareholders together form ~46.49% of the total shareholding. Sneller (Richard) and David John and Monique Newlands hold a maximum stake in the company at ~21.36% and ~9.07%, respectively.
Section 2: Business Updates and Financial Highlights
Section 3: Key Risks, Company Outlook:
Section 4: Stock Recommendation Summary:
IOF Daily Technical Chart, Source - Refinitiv
4.2 Fundamental Valuation
Valuation Methodology: P/E Multiple Based Relative Valuation (Illustrative)
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 18 July 2025. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.
Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Note 6: Dividend Yield may vary as per the stock price movement.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Disclaimer-
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Past performance is not a reliable indicator of future performance.
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