Sector by sector: the Trump tariff fallout

The latest round of the new tariff published by Donald Trump will hit almost every industry around the world, which has already created an unprecedented challenge for business involved in weak demand and inflation pressure.

Industrial officials have warned that the biggest victims are US customers who will pay more to buy everything from Adidas instructor to the country’s top selling beer model.

The United States has unveiled a baseline duty of 10 percent, including up to 50 percent on multiple trading partners, including EU, Japan, Vietnam and Cambodia.

Automotive

Foreign car manufacturers face 25 percent tariffs on all vehicles outside the United States. The vehicles and vehicles of Mexico and Canada that are in compliance with the US-Mexico-Canada Agreement (USMCA) will be exempted from tariffs.

Parts of the vehicle extensive from May 3 are also subject to 25 percent of the tariff.

When Carmecars were saved from the additional “mutual” tariffs on the US trading partners, UBS warned that the tariffs still warned that the cost of raw materials and electronics could increase the cost of vehicles.

The Consultancy Anderson Economic Group hopes that the lowest tariffs facing tariffs for American cars will be $ 5,000 and $ 20,000 for some imported models, which will have $ 30 billion on US customers in the first year of implementation of tariffs.

US Carmakers have been better placed, but even General Motors and Ford will also be affected as they provide material from outside the United States. Burnstein assumes about 10 percent hits in GM’s revenue due to duty.

Jeep owner Stelantis also said that it would temporarily stop production in its plants in Canada and Mexico.

Among the biggest disadvantages are the German Carmekar BMW and the Mercedes-Benz as many parts of them used in vehicles sold in the United States come from Europe. Meanwhile, Subaru imports all electricity trains for vehicles sold from Japan to the United States.

Kana Inagaki in London, Claire Bushe in Chicago, Frankfurt’s Patricia Nilson and Ayan Johnston of Paris

Retail and consumer goods

Topped footwear and clothing brands will be strictly damaged by new tariffs for Southeast Asian countries.

Many retailers have been removed from China to Vietnam, Cambodia and Indonesia production stations, which are now subject to disciplinary tariffs up to 49 percent.

On Thursday, Danish jewelry maker Pandora’s shares declined by 12 percent because investors were concerned about the impact of tariffs on its production facilities in hard-hit Thailand. The group assumed that the cost of the tariff was to be DKR 1.2 billion in a year, with the impact of the rest of the 2021, with the mitigation system almost DKR 7009 meters.

The United States also confirmed the completion of duty-free shipments for the mainlands of China and Hong Kong, with ecommerce companies such as Sheen and Temu. “D Minimis” discount on valuable packages below $ 800 will end on May 2.

The shares of chain retailers supplied in Southeast Asia with sportsware groups like Nike, Adidas and Puma have declined. The Swedish Retail Group H&M shares, which are mainly dedicated to China and Bangladesh, have decreased by 5.7 percent.

Laura Onita in London, Frankfurt at Florian Muller and Oslo Richard Milan

Wine and spirits

European groups that depend a lot on export to the United States will be the biggest damage. Romi Coentrawa has the most exposure to 5 percent of its sold in North America in 2021, almost all came from the EU.

All imported canned bears and empty cans for Mexican beer to include aluminum tariffs to include the empty cans bods. Star -oriented brands imported wildlife popular models, cornos and pacifico bears in the North American market.

According to analyst estimates, about 85 percent of the net sales of the Mexican bear group participated, it hits 25 percent for operating income.

Companies such as Diazio and Campaign, which sell Talkilla and Canadian whiskey, took a sigh of relief after the exempted product of the White House agreed with the USMCA deal. On Thursday, Diazio’s shares, whose US businesses spread heavily towards Talkilla and Canadian whiskey.

Medalin speed in London

Luxury

In the United States, buyers, the largest market for luxury, their handbags expected and prepared fashion should be expected for fashion because companies raise prices to compensate Trump’s tariffs in EU and Switzerland, where products are made.

UBS said that average luxury brands need to be increased to 6 percent to offset the impact of tariffs in the United States, otherwise they will face a decrease in earnings of interest and earning 7 percent before interest, UBS.

However, industry has the power to determine the value of the industry, which should be protected from the worst of the effects. Rich Americans are also a time of their choice: can be doubled to shop abroad.

The greater anxiety will be a worldwide consumer confidence in the world when luxurious industry is already slowing down after the crazy of the Covid -19 epidemic boom. According to Berkless, some companies, such as Fergamo, LVMH and Carte, are more open to the United States than Richmont others.

“We should think about what. … [if] New American policies corrected an intense global downturn and stock market. This would be the scene of the Black Swan, “Burnstein’s Luca Salka said.

Adrian class in Paris

Pharm

Pharmaceuticals have been exempted from the tariff, though Trump has indicated that he can focus on the sector on the next date. Production will come to “roar” in the United States, he said on Wednesday or faced a “big tax”.

Mixed messages mean that on Thursday, some stocks including Astrogenka, GSK and Novartis have grown, others like Novo Nordisk and Roche.

Drugmeakers were hoping that an agreement would protect them excluding drugs from the World Trade Organization’s tariffs and other responsibilities. In recent weeks, however, some people, including Eli Lily and Johnson and Johnson, have announced big investment in the US with tariff anxiety.

The generic industry can most damage by potential tariffs due to low margins. Jefferee’s analysts believe that this sector can be avoided because it is “significant contributors to reducing drug costs in the United States”, and Trump has focused on branded drugkeepers, which has transferred production to Ireland due to corporate tax rates.

London

Air -air

Trump’s tariffs are expected to make flying more expensive for passengers as space agencies pass high production costs.

About 20 percent of the materials used for the creation of the Boeing Plane are imported and “the tariffs will increase the cost of making aircraft”, vertical research partners analysts say.

European aircraft maker Airbus has built a rally line in the United States, but will face higher import costs there. Price rise will probably be given to the airline and the customers in the end.

Although Airbus will be able to transfer the expenses to its customers, the company was still “weak” due to its supply discipline and complexity, analysts of Berkless said.

Philip Georgiadis in London

Logistics

Shipping and Logistic Groups, of which many of which have earned large profits during the trade disruption of the Covid epidemic, they hope that the tariff will give an opportunity as a result of the tariff.

Logistic Executives have said that customers are providing a premium to fly goods in the United States and Stockpile products in US warehouseThe Many logistic businesses also provide advice and customs services, which customers have high demand to understand any new expenditure and border processes can face them.

Top -container Shipping Group Merke says Trump’s latest tariffs were expected to “some Rush Airfrate Order” before it was implemented in the coming days.

Out of this crowd, Trump’s decision to remove De Minimis Tax Discount for Low Price, is expected to hit the air freight market, which is expected Encouraged by increasing demand from Chinese retailers That has benefited from this discount.

The Danish Group EP Muller-Morsk and the Hapg-Loid, Germany, hit the share price of two of the largest container ship owners in the Danish Group. DHL owners have also read shares of some of the largest international freight handling companies, including Post, Kuhne+Nagel and DSV.

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