Donald Trump’s tariff threats on Canada, Mexico, and China unsettle U.S. firms, raising costs and supply risks. Many affected companies are led by Democratic-leaning executives, fuelling political tensions.
U.S. President Donald Trump has warned of sweeping 25% tariffs on Canada and Mexico and 10% duties on China, with potential action against the EU. The move, framed as a crackdown on trade imbalances and national security risks, has left industries on edge, with business leaders calling for de-escalation.
While the tariffs are temporarily paused for 30 days for Mexico, uncertainty looms over businesses heavily reliant on international trade. Key sectors facing disruption include technology, retail, energy, finance, and manufacturing.
Trump’s tariffs disproportionately impact industries led by Democratic donors, particularly technology and retail:
✅ Tim Cook (Apple) – Apple relies on China for production, making tariffs a major threat.
✅ Satya Nadella (Microsoft) – A proponent of free trade, opposed Trump’s tariffs on Chinese imports.
✅ Doug McMillon (Walmart), Brian Cornell (Target) – Large retailers relying on imported goods will see higher costs.
✅ Jamie Dimon (JPMorgan) – Wall Street is wary of trade instability affecting global markets.
🟥 Right-Leaning CEOs (Republican Supporters) – Hurt, but Less So
✅ Elon Musk (Tesla) – Has expressed past support for Trump but opposes tariffs due to China’s key role in Tesla’s market.
✅ Darren Woods (Exxon), Mike Wirth (Chevron) – Oil industry could take a hit, but domestic fracking firms may gain.
✅ David Calhoun (Boeing), James Taiclet (Lockheed Martin) – If the EU retaliates, the defense sector could be affected.
🔹 Technology & Retail (Democratic-leaning sectors) are most vulnerable as they rely heavily on global supply chains.
🔹 Energy & Defense (Republican-leaning industries) will feel the impact but have domestic alternatives.
🔹 The month-long pause on Mexico tariffs temporarily eases pressure on automakers and energy firms, but China tariffs still threaten tech and retail.
With potential EU tariffs looming, Trump’s trade war is widening economic and political divides, intensifying uncertainty for U.S. businesses.
The U.S. ambassador to Türkiye says Israel and Syria have reached a ceasefire deal supported by Türkiye, Jordan, and regional actors after cross-bor...
The Trump administration has completed a controversial prisoner swap with Venezuela, returning around 250 deported Venezuelans in exchange for 10 Amer...
U.S. President Donald Trump signed the GENIUS Act into law on Friday, creating the first U.S. regulatory framework for dollar-backed stablecoins and m...
German authorities have arrested a Libyan man accused of overseeing torture and sexual abuse at a notorious prison in Tripoli, the International Crimi...
The South Caucasus—comprising Armenia, Azerbaijan, and Georgia—has long been a geopolitical crossroads where regional and global powers intersect.
China has accused foreign intelligence agencies of smuggling rare earth metals out of the country by manipulating shipping logistics and recruiting insiders, according to a statement from the Ministry of State Security.
An explosion at a Los Angeles County Sheriff's Department training facility has reportedly claimed the lives of three deputies, according to local media reports on Friday. However, officials have not yet confirmed any casualties.
Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan held a phone call on Friday to discuss regional developments, with particular focus on the ongoing conflicts in Ukraine and Syria, according to a statement released by the Kremlin press service.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
North Korea has stopped foreign tourists from visiting its new Wonsan-Kalma resort just weeks after it welcomed the first Russian visitors.
U.S. President Donald Trump says Coca-Cola has agreed to use real cane sugar in the U.S., though the company has not confirmed the claim.
The U.S. ambassador to Türkiye says Israel and Syria have reached a ceasefire deal supported by Türkiye, Jordan, and regional actors after cross-border strikes this week heightened tensions.
The Trump administration has completed a controversial prisoner swap with Venezuela, returning around 250 deported Venezuelans in exchange for 10 American detainees.
Congo and the M23 rebel group have agreed on a declaration of principles after months of Qatar-mediated talks, aiming to end fighting in the country’s east.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment