Projectors from sportswear to luxury cars and chemicals painted a gloomy picture of consumer and industrial health on Wednesday, guessing shares prices and adding concerns about the damage to the US president Donald TrumpTrade wars.
Increased tariffs on all American imports of steel and aluminum came into force on Wednesday, as Trump increased his campaign for remodeling the global trade in favor of the United States. Europe quickly avenged.
Trump’s plans for tariffs are implementing their implementation since he assumed his duty in January-Su industry from the car to an energy and unregulated company and investors. He worries that growing costs will re -rule inflation and that the acidic consumers could announce the American recession, caused the abdomen of the shares to be captured.
At a conference on cereals on Tuesday in Carlsbad, California, news of Trump’s steel and aluminum tariffs in Canada pulled a moan from the corporate manager of agriculture, a cereal and trader processors. The pace of changes in policies that affect their industry have done much longer for the last six weeks, many have told Reuters.
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“Almost everyone in the economy is struggling to understand the wild swings in Washington’s policies and their implications on daily decisions,” said Stephen Dover, a major market strategist in Franklin Templeton’s property manager.
The constant tangle of tariff is a paralyzing industry. Car manufacturers, for example, are unable to plan, while there is a threat of 25 percent of tariffs to components made in Canada or Mexico.
“No reasonable executive government can invest such investments if expected yields can be deleted to a pencil impact,” Dover said.
German Porsche said on Wednesday that he estimated that he could convey to consumers the cost of possible tariffs – which is expected to be 25 percent to import American imports from Europe – without pressure on his margins. This implies that prices can be increased to compensate for any drop in the sale of the unit.
“For now, we hope that there are solutions that will lead to a reasonable tariff regime between the regions,” said CFO Porsche Jochen Breckner at a journalist call.
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Two main South Korean steel manufacturers said they were considering options, including a possible investment in business in the United States, as metal tariffs came into force.
The Canadian algoma Steel paused the exports of steel from Canada to the United States until Thursday, when it is expected that Canadian ministers will meet their American colleagues in Washington. Executive director Michael Garcia called Tariff “very worrying.”
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Speaking on French television for hours before the aluminum tariffs entered into force, the Airbus CEO of Guillaume Faury warned about the “conflict” trade as the world descends into Tit-Za-Tat measures.
“Some of my suppliers can influence and start seeing some disorders,” he said, adding, “We are in a trade war and when the trade war begins, it is maintained and nourished.”
Until now, the airline industry has not seen a significant direct impact, but many of its suppliers are in Mexico, Canada and China, which were targeted by earlier duties or tariff warnings.
Bruce Kasman’s chief economist said that he saw a 40 percent chance of American recession this year, which would rise to 50 percent if Trump follows threats that he will impose reciprocal tariffs from April. He also warned of permanent damage to the United States as a destination of investment if the administration undermines confidence in management.
Asked about a recession that came from his trade policy, Trump said on Tuesday, “I don’t see that at all.” On Monday, he refused to exclude one.
The earnings of the German manufacturer of Puma sportswear and Zara ENGINAX owner emphasized the concern that uncertainty in relation to the trade began to suppress US consumption. The sections in Pumi, which pointed to trade disputes as a challenge and announced a reduction in work, lost almost a quarter of their value.
France, Spain and Italy have requested that the European Commission to turn off wine and alcoholic beverages from the List of US goods directed with tariffs, the executive director of a large European alcoholic beverage manufacturer said on Wednesday. EU tariffs on American spirits like Burbonne whiskey will be “devastating” for the alcoholic beverage industry, trade associations on both sides of the Atlantic said.
Canada introduces 25% reciprocal tariffs in response to American steel, aluminum tariffs
The sections of American cosmetic companies, including Estee Lauder, fell after the body of the French cosmetic industry said there was a “huge” risk of retaliation now after the EU said it would impose tariffs on US import, including makeup.
More than 900 of the 1,500 largest US companies mentioned tariffs to the invitation of earnings or at investors’ events since the beginning of the year, according to LSEG DATA.
Tariffs are already running prices for Aluminum users in the United States to record high.
The data on Wednesday showed that consumer prices in February increased less than expected, although it is expected that the imports of import will increase the costs of most of the goods in the coming months.
The German chemical distributor Brentag warned that 2025 would be another challenging year, shaped by economic and political insecurity and in the global level of reduced economic growth.
Executive director Christian Kohlpaintner said the “confusing, tasteless” situation made it difficult for the job to run. The German VCI Chemicals Association announced on Wednesday that this year he is not expecting any recovery.
“The big risk is for companies to stop spending, and the consumer also stops the purchase,” said Justin Inoekwusa, the Chief Director of Investment at the Investment Company of St. James’s Place.
