US President Donald Trump announced this weekend that high tariffs to the country’s three largest trading partners have made investors scramble to position themselves as a global trade war.
Canada and Mexico face 25 % of their duties in exports to the United States, with a low tax rate for Chinese products. Canada has responded with a 25 % retaliatory tariff and $ 155 billion in US goods.
At the same time, Trump has already Point out the EU The next one in the shooting line, Britain is also considering.
Although Trump has repeatedly threatened the tariffs in the campaign, Deutsche Bank analyst Jim Reid said on Monday that the market has always been “a risk of completely underestimated” and is now “seriously shocked “” “.
In the short -term to medium -term influence, there is one Global economic growth slowd downEspecially in a country with a large manufacturing industry, one Soaring oil prices,,,,, Consumers in American consumers are higher and Higher US interest rate,, The result is more powerfulEssence
Outside the United States and three other direct participating economies, departments around the world are affected by tariffs.
Here are some areas that are expected to be hit:
car
Automotive companies (manufacturers from automobile brands to vehicle parts) are expected to be one of the most serious impacts that are continuously upgraded by trade tensions, because they represent the main fields of international imports
German publicFor example, in RBC Capital Markets, the company estimates that the company’s tariffs will lead to a reduction of income by 9 % in Mexico’s largest car factory in Mexico, so that vehicles exported to the United States in the Capital market of Royal Bank of Canada in the United States, and have reduced by 9 Percent Stellandis -Chrysler and Jeep (Chrysler and Jeep) -also launched major businesses in Mexico, including the production of RAM Pickup trucks, and saw 12 % income in income.
The impact on stocks on Monday is immediately. The impact of European auto manufacturers on regions StoXX 600 The index fell 3.4 %, and the parts supplier was Valeo and Forvia At the same time, it has also tilted with the expectations of the industry.
Chip company
Manufacturers of chip and semiconductor equipment, from Taiwan TSMC To the Netherlands ASMLIn view of the industry’s global supply chain (including Mexico and Chinese factories) and the potential growth of demand, it is helpful on the impact of tariffs.
Taiwan’s largest chip manufacturer Taiwan semiconductor manufacturing company specializes in making semiconductors for other companies (such as American companies) apple,,,,, Nvidia,,,,, AMD,,,,, Highlight and IntelEssence
At the same time, ASML has produced many extreme UV -based photocald (EUV) machines used by global chip manufacturers to print complex designs on chips. ASML transports these tools to many countries including the United States, Taiwan and South Korea.
Hargreaves Lansdown’s currency and market leader Susannah Streeter said: “The latest move has not much impact on the high tension situation of the semiconductor department.”
“The company likes Nvidia Relying on the production of overseas outsourcing factories, such as China and Mexico-but many of the other parts required to build AI data centers may also be easily affected by tariffs, given that they have been imported. “
consumer goods
For American consumers, many families and leisure products can be used overseas to increase prices Furniture and electrical appliances Go to clothing, video console, telephone and toys.
Other places, tariffs on countries/regions such as Canada and other countries/regions have an impact on countries around the world.
One example is the beverage giant diageoAlready struggling North American demand weakenedEssence
Fintan Ryan, consumer equity research analysts of Goodbody, told CNBC that tariffs are one of the biggest challenges of the company this year because the United States accounts for about 45 % of the company’s operating profit.
At the same time, about 70 % of its sales in the United States are imported goods, including Canadian whiskey, Mexican agave, Scottish and Berrys and EU members of Guinis. Diageo will report income on Tuesday.
Chinese electronics retailer
The analysis of Morgan Stanley showed that Chinese companies are facing tariffs and the highest risks of other changes in the US market. Among these very popular online shopping platforms, such as TEMU, Shein and Aliexpress will be uncomfortable.
This is because Trump stopped trade exemption Known as “de Minimis”, it allows exporters to transport parcels worth less than $ 800 to the United States Duty Free.
U.S. officials claim that the exemption allows Chinese e -commerce companies to weaken its competitors and cause security issues due to its “minimum documents and inspections”.
The United States processed more than 1.3 billion De Minimis goods in 2024. Data From the US Customs and Border Protection Agency.
Without exemption, a large number of low -cost products from online retailers from China will face duties, which may increase the final price of items and lead to a decline in demand.
-CNBC’s Ganesh Rao, Michael Bloom, Annie Palmer and Ryan Brown have contributed to this story.
