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President Donald Trump has set new 10% tariffs on timber and lumber, with 25% levies on kitchen cabinets and vanities, in fresh signs of a push to boost domestic manufacturing. The tariffs are due to go live in the middle of October.

• Proclamation will "strengthen supply chains, bolster industrial resilience, create high-quality jobs": Trump outlined some of the reasons behind the actions, adding that wood product imports were weakening the U.S. economy.
• Canada has 72% share of lumber imports to the U.S. from 2024: It appears Canada will be most exposed to the new tariffs, although homebuilders note it could deter investments in new houses and renovations, ultimately hitting the U.S. consumer.

Dividend Investor recommendation Vail Resorts (NYSE:MTN) tumbled over 2% after the market closed, after posting quarterly results showing a decline in skier visits and lower ski pass sales for the season ahead.

• "Our approach to engaging with guests has not kept pace with shifting consumer behaviors": CEO Rob Katz acknowledged the outdated marketing strategy needed to change but said the company still has high growth potential.
• "We don't think this is a one-off, we think this is a trend": Jefferies (NYSE:JEF) President Brian Friedman pointed to higher mergers and acquisitions (M&A) activity as a key factor that led to the company posting a record third-quarter revenue haul after the closing bell, although the stock was little changed in pre-market trading.

Cannabis stocks surged after President Trump shared a video promoting having CBD under Medicare coverage, becoming the first sitting president to openly market cannabinoids.

• CBD pitched as a treatment to extend seniors' lives and improve pain relief: Related stocks such as Tilray Brand (NASDAQ:TLRY), Canopy Growth (NASDAQ:CGC) and Cronos Group (NASDAQ:CRON) surged following the post, with Tilray closing the day up over 60%.
• The Amplify Alternative Harvest ETF rallied 26% yesterday: Fool analyst Jim Gillies weighed up both sides of the investing argument, saying, "This may be nothing more than distraction from the 100% non-domestic pharmaceuticals tariff promised earlier that week," although "if pot is going to perhaps follow a similar 'moral investing' path, an ETF [exchange-traded fund] specifically dedicated to such things is likely the best way to play."

Global M&A activity has passed $1 trillion in value for Q3, in a sign of a recovering market and renewed optimism around deal-making, as equity markets continue to make record highs.

• Forty-seven deals valued at more than $10 billion over the first three quarters, the highest number since records began: The busy summer of deals included a $55 billion buyout of Electronic Arts (NASDAQ:EA) and Union Pacific's (NYSE:UNP) $85 billion takeover of Norfolk Southern (NYSE:NSC).
• "Deals that people didn't think are possible are now being brought back to the table": Eric Tokat, co-president at Centerview Partners, explained why more deals could be pending as the market environment is more supportive than a few years back.

Stock Advisor rec Nike (NYSE:NKE) is set to report quarterly earnings after the market closes, with investors watching for signs that excess inventory is being cleared and updated on tariff impact and mitigation.

• Beaten earnings estimates 100% of the time in the past two years: United Natural Foods (NYSE:UNFI) should release results ahead of the opening bell, as debt reduction and guidance hikes continue to drive investor optimism.
• Data to provide update on economic health: The Job Openings and Labor Turnover Survey (JOLTS) data for August is expected at 7.190 million versus 7.181 million previously, with the September Consumer Confidence index forecast to fall from 97.4 to 96.0, with a lower reading being seen as a negative.

Nike has a dividend yield of 2.3%, and it has growth potential (let's not forget so quickly that it grew over 500% for the decade between 2010 and 2020!). What's a growth-and-dividend stock that you rate highly today, and why? Discuss with friends and family, or become a member to hear what your fellow Fools are saying.