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Donald Trump's punitive tariffs against China have an effect on US companies. The cost of US companies will ultimately increase and increase the cost of products for US consumers. Meanwhile, Trump's sometimes direct threats to American society remain almost without consequences.
Washington / Beijing.
The trade war against China, triggered by US President Donald Trump, threatens to become a boomerang for his own economy. More and more US companies warn of damage already caused by punitive tariffs or threatened by their threat of expansion.
Trump told the Wall Street Journal that he thought that Chinese taxes on existing products amounting to $ 200 billion (176.01 billion euros) would be increased by 10 to 25 percent. It also threatened to impose special tariffs on the rest of China's imports, worth $ 267 billion.
In order to minimize the impact of punitive tariffs on consumers, computers and smartphones were excluded from the levies.
Trump had disrupted the exchanges that he had always touted as an important indicator. The stock several companies had to fight Tuesday with losses.
1. apple
The mobile phones and computers of the technology group are among the main Chinese export products, as the devices developed in California are mainly badembled together in the People's Republic. Until now, they were exempt from special charges. A few days before his scheduled meeting with Chinese head of state Xi Jinping Trump, it was "very unlikely" to give up the only previously threatened increase in punitive tariffs, which would then affect Apple. "I could set the tariff at ten percent," Trump told The Wall Street Journal. "People would agree with that."
Apple CEO Tim Cook has repeatedly spoken out against tariff barriers. At the same time, Apple, whose stock market value reached $ 1 trillion in August, lost its status as the most valuable company in the world for the benefit of Microsoft. $ 815 billion.
For the first time, punitive tariffs also affected Apple. The iPhone group has been spared until now. Apple stocks then came under pressure but turned positive during Tuesday's trading, rising 1.4%.
2. General Motors (GM)
The automaker is facing the biggest change since the collapse of the financial crisis ten years ago. GM has announced the closure of five badembly plants. Two combustion technology plants are also endangered.
In total, 8,000 employees, or 15% of the workforce, should leave the company, one in four managers disappears. "We are adapting the ability of reality to the market," said GM Director Mary Barra, who wants to prioritize future electrified and autonomous cars.
GM does not just struggle with obsolete models and sales difficulties. The US auto group is feeling the increasing costs of the trade dispute with China: the rise in US tariffs on steel imports has already resulted in additional costs of one billion for the company. Barra spoke in this context of "contrary wind". Barra wants to avoid as much as possible, continue to bring the known for his temper Trump against him. The boss of GM speaks only of "higher material costs". Already Sunday, she had informed Trump of the reorganization of the group to serve him.
Did not use much, because it is against the interests of Trump. In an interview, Trump now asks GM's boss to stop producing cars in China and to make vehicles in the United States.
As on Monday, shareholders are pleased with the rationalization program and apparently do not pay attention to the threats made by US President Trump against GM. On the second day in a row, GM's share may increase sharply and be recorded at 18:00 CET with 4.8% or more.
3rd Ford
But not only the boss of CM, even with the American rival Ford, is alarmed. Increasing barriers to the import of steel and aluminum also weigh heavily on Ford. "The metal prices have brought us about $ 1 billion in profit," said Jim Hackett, Ford's CEO, at the end of September.
Ford's share is weakened by about one percent lower.
4th Wal-Mart
The largest retailer in the world is mobilizing against Trump's customs policy. In a letter to Robert Lighthizer, Trump's sales representative, Wal-Mart warned of rising prices for US consumers due to punitive tariffs on imports from China. "As the largest retailer in the United States and a major buyer of US products, we are very concerned about the impact of these rates on our business, our customers, our suppliers, and the entire business. American economy, "said the group Write.
Higher prices could dampen spending by US consumers, whose consumption contributes about two-thirds of the gross domestic product of the world's largest economy.
The retail group's stock was up slightly on Monday.
5. Intel
The chip maker warns that small and large businesses will face punitive tariffs. The cost of technology products manufactured in the United States could increase, for example for servers and laptops.
The group also fears that progress in telecommunications infrastructure, including the new 5G mobile communication standard, will be hampered.
Intel North Papers Tuesday rose 1.5% over the previous day.
6. Mattel
The manufacturer Barbie fears higher costs for many of its products – from high chairs to bath seats. Reason: Most of his items are made by the company in China. There is no quick alternative to these production sites. If new rates are introduced, this could lead to job losses in the toy industry, Mattel warns.
Mattel has fully achieved punitive rates on the stock market. The share was 2.3% lower than the day before.
7. Whirlpool
The appliance maker expects tariffs threatened against China to drive up costs, a downturn in the supply chain and a competitive disadvantage. Whirlpool says that "critical components" – such as parts for refrigerators and blenders – are removed from the list of products for possible new tasks.
Whirpool shares also posted a loss Tuesday – down 1.3%.
8. Tesla
In addition, the punitive activities of the American president, the American pioneer of the Tesla automobile in California, have been strongly blamed. In response to US tariffs, the Chinese have also increased their tariffs. China has increased to 40% the duty rate applied to the import of American cars. For Tesla, this has the first issues: in October, the company has more than 211 cars in the People's Republic for sale. Compared to the period before the start of the US-China trade war, it represents a 70% drop in sales for Tesla.
Tesla now wants to open its first car factory in Shanghai. The Tesla stock (US88160R1014) has degenerated down after a sharp rise on Monday, down 2.67%.
A few days before his scheduled meeting with Chinese leader Xi Jinping, US President Donald Trump said he hoped to continue raising punitive tariffs against China. It was "very unlikely" that he abstained from the measure at Beijing's request, Trump told the "Wall Street Journal" (Monday).
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