results caused by Trump trade war

According to data compiled by the professional free trade group “Tariff Damage Hinterland”, the US$6.2 billion tariff paid by US companies in October was not only higher than the US$4.4 billion in September, but more than doubled from US$3.1 billion in the same period last year. The largest monthly tariff collection record in history.

The data also showed that US steel tariff income in October reached 446 million US dollars, and aluminum tariff income was 134 million US dollars. According to Business Insider, these companies pay $400 million a month to import the same goods before tariffs are imposed, and in October, that number soared more than six times to $2.6 billion, meaning Trang The tariffs of the United States only increased the cost of US steel and aluminum enterprises by US$2.2 billion in October. All in all, since the first tariff implementation in May, US companies have paid a total of 7.4 billion (about 57.8 billion Hong Kong dollars) in tariffs for trade wars, and this amount is steadily increasing.

The analysis pointed out that there are two main reasons for the spread of tariffs: First, more and more commodities are affected by tariffs, and second, tariffs are getting longer and longer.

According to the report, Trump's first wave of tariffs applies to limited industrial and technological products, limiting the impact on manufacturing and industrial enterprises. However, as the number of tariff goods continues to grow, some key commodity categories of more and more companies are also subject to tariffs.

The report believes that the impact of tariffs is beginning to appear gradually. Although these tariffs are still mainly concentrated on intermediate products or industrial products, the "effects" after the tariffs on metals such as iron and aluminum have appeared for a longer period of time, giving manufacturers enough Time digests the price increase and passes the consequences of the price increase to the customer.