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From Tesla to Boeing, Trump's tariff policies are damaging American brands

  

According to CCTV News, CNN reported on the 16th that the Trump administration's tariff policy was based on absurd mathematical calculations, resulting in the evaporation of trillions of dollars in market value. Meanwhile, the global demand for products made in the United States has also been hit. Several US media outlets also reported that from Tesla to Boeing, American brands are being damaged.

The Washington Post gave an example, saying that the Boeing 787 Dreamliner is an aircraft manufactured across borders, and its components come from all over the world: the wings are from Japan, the cabin doors are from France, the fuselage part is manufactured in Italy, and then transported to South Carolina in the United States for assembly by local workers. It is reported that the tariff policy of the Trump administration is threatening this interlocking supply chain.

According to the Financial Times of the UK, Michael O 'Leary, the CEO of Ryanair, warned that if tariffs lead to an increase in the price of Boeing aircraft made in the US, the largest low-cost airline in Europe will consider delaying the delivery time of the aircraft.

According to The Wall Street Journal, under the impact of tariffs, the market shares of American brands such as Apple, Nike, Tesla and Starbucks are being eroded by their competitors. John Gilbert, a professor of economics at Utah State University in the United States, said that in the current environment, American brands and manufacturers are facing many dangers, both directly from other countries and indirectly from the widespread negative reactions of consumers to American products.

Reuters reported that a person familiar with the matter said Tesla's plan to ship Cybercab driverless taxis and Semi electric truck components from China to the United States has been suspended. The insider said that when the Trump administration imposed a 34% tariff on Chinese goods, Tesla was prepared to bear the additional costs. However, when the tariff exceeded this level, Tesla was unable to afford it, resulting in the suspension of its shipping plans.

Jamie Kitman, a contributor to Car & Driver magazine: For the US automotive industry, whether it's domestic manufacturers or enterprises that import cars, all of this is a disaster for them. Everyone is talking about this topic. I don't see any optimistic solution path. I don't see any other way out except to completely halt (impose tariffs) this policy.

The New York Times commented that although the establishment of tariff barriers was aimed at revitalizing the US manufacturing industry, the immediate implementation of these tariffs would not provide enterprises with time to build factories. It would only cause economic pain and bring no benefits at all.