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Trump's tariffs: The consequences for the economy and investors are dramatic!
President Trump plans new tariffs to strengthen the US economy. This leads to market uncertainty and possible trade conflicts.
Trump's tariffs: The consequences for the economy and investors are dramatic!
President Donald Trump announced that he would introduce new tariffs to strengthen the American economy. This measure is part of the trade war triggered by Trump and creates uncertainty for investors. Observers point out that the 2026 midterm elections could be an important issue for Trump as he tries to stimulate the economy ahead of the January 2024 campaign.
The new tariffs are primarily intended to make foreign goods more expensive. Starting Tuesday, 25 percent tariffs will apply to goods from Canada and Mexico, while tariffs on Chinese products will rise from 10 to 20 percent. This affects a total of $2.2 trillion worth of goods, like t-online.de reported. In response to these measures, Canada has already announced 25 percent tariffs on $20.7 billion worth of U.S. goods, while Mexico is also planning retaliatory measures.
Negative reactions from the financial markets
The financial markets reacted negatively to the announcements. The Dax fell by around 2.5 percent and the European car index lost almost four percent. The US stock exchanges also suffered losses. The rising tariffs significantly affect companies with international supply chains. US car manufacturers such as Ford and GM have to pay higher prices for components or produce their vehicles more expensively.
The affected companies also include European automobile manufacturers such as Volkswagen, Mercedes-Benz and Porsche, which are already experiencing price losses. The technology sector is also affected by the tariffs, as companies such as Nvidia, Apple and Intel import many components from China. Experts warn that the trade war could severely affect exports to important auto markets and, if it escalates, could lead to a global economic crisis.
Trump justifies the tariffs with a lack of cooperation in the fight against drug trafficking and wants to encourage US companies to produce domestically. These measures could lead to a rise in inflation as businesses pass higher costs on to consumers and the Federal Reserve could be forced to raise interest rates to combat inflation. International currencies are also under pressure as the Mexican peso is at its lowest level since 2022 and the Canadian dollar continues to lose value.