Trump has cast covers. These are American companies to be harmed

The last trading week serves as a live example of this. Last Saturday (1.2) Trump declared to raise imports from the US from Mexico, Canada and China. Covers for goods from Mexico for a month, after Mexico complied with the conditions he set. Justin Trodo And Trump have come to an agreement and that the coverings on Canada will be rejected a month, and this message also responded to the volatility.

In China, on the other hand, Trump’s declaration of the imposition of additional 10% high -altitude on Chinese exports came into effect. In response, the Chinese Treasury announced that it would impose additional 15% coal and liquid gas imports from the United States, as well as 10% raw oil coverings, agricultural equipment and certain vehicles, starting February 10.

Beyond the non-stability in the markets, Trump’s trade policy may have long-term consequences. These are a number of sectors and shares that are expected to be particularly damaged.

Technology giants on the intention

One of the sectors expected to be harmed by the trade war is the American technology sector, in light of the fear of the cost of producing electronics imported from China. JP Morgan emphasizes the shares of negation dark Which most of its products are manufactured in China.

Also in the field of chips, companies like Intel , Anabiya , AMD AndQualcomm Which produce and import chips to different countries, may encounter higher costs following the imposition of tariffs on electronics components, including chips. These tariffs, especially on China -produced components, may increase production costs and reduce the profitability of the chip companies, especially for those based on China as a production center.

Beyond the direct economic impact of import lids, Trump’s policy also impairs the relationship with US trade partnerships. For example, Chinese regulators are considering opening an official investigation that will test Apple’s policy in its app store, App Store, including a fee of up to 30% on Purchases within the app and external payment restrictions.

At the same time, China has announced a wide range of steps directed against American businesses, including agricultural equipment manufacturers, and andP. – The corporation that controls, among other things, the fashion brand Calvin Klein.

At the same time, China has recently been reported to run against an investigation Google On suspicion of breach of antitrust laws. The exact details of the investigation were not published, but the announcement came minutes after the new American lids of 10% to force.

The most threatened: the automotive industry

The sector that is considered to be the most visible from the trade war is the automotive industry, with American companies to deal with higher production costs due to quoted car components. Bank Julius Bar explains that the US automotive industry is closely related to Mexico and Canada, with about 20% of the US cars being manufactured. Therefore, they note that “the major car makers in Detroit: General Motors , Ford Motors ,

The JP Morgan Bank notes that in their estimation, the injury will also be in electric and autonomous car companies that exist businesses in China and rely on imports from foreign countries to meet the demand in the US. Tesla ; Car parts supplier A epic And the commercial and commercial retailer Panski Automo Group As the highest risk shares. Tesla and Agram are mainly exposed to the Chinese market, while the Pennsky Company’s business center is associated with Europe.

Also retailers at risk

Alongside this, American retail companies from the consumption industry are expected to be damaged. JP Morgan noted the stock Amazon In this context, they explained that “the company’s advertising business enjoys the business environment in China and many of its third party sellers are there.” also Walmart andTragic They are an example of two large retail chains that depend on imports from China and other countries. With the rise of quoted goods, companies can deal with higher costs on basic products such as clothes, toys, electronics and home products.

We also noted in CP Morgan that other consumer giants and retail are expected to be damaged as a toothpaste manufacturer Colgate-Palmolib , EBay andEsti Lauder .

What sectors will benefit from the trade war?

And despite the negative effects on certain sectors, there are also companies expected to earn from the trade war.

The energy sector is expected to receive a border from Trump’s trade policy as a result of his desire to reduce the dependence on oil and natural gas imports and increase local production. Thus, the big energy companies like Axon Mobile andmisfortune May enjoy Trump’s import assets.

In addition, in light of Trump’s urge to transfer the US supply chains, companies that focus on local production are expected to earn. For example, companies like A catfiller Which specializes in liver and agricultural equipment, and Davidson Industries, which specializes in industrial equipment, may earn an increase in demand for their US products.