Sou Hu Cai Jing·2025-04-01 20:55Group 1 - The U.S. stock market experienced a significant decline, with the Dow Jones index dropping nearly 800 points within a week due to the impending tariffs [3] - The automotive industry is facing severe challenges, with Ford closing two factories in Michigan and experiencing rising raw material costs due to tariffs [8][9] - The trade war has led to a 30% increase in used car prices, causing many dealerships to temporarily close [3] Group 2 - The tariffs are expected to increase average annual consumer spending for American households by approximately $1,200, impacting middle-class budgets [6] - The automotive sector is under unprecedented dual pressure, with raw material costs rising by nearly 40% and shrinking overseas markets due to retaliatory tariffs [8] - BMW's CEO expressed that the current business environment is more challenging than during World War II, highlighting the severe impact of tariffs on operations [9] Group 3 - China's response to the trade war includes strategic adjustments, such as rerouting exports to Europe to avoid tariffs, effectively controlling additional costs to within 5% [11] - Huawei has seen a 37% year-on-year increase in sales of its Pura70 series smartphones in Europe and the Middle East, despite U.S. sanctions [14] - The global supply chain is rapidly restructuring, with Apple shifting 15% of its iPhone production to India while still relying on Chinese suppliers [22] Group 4 - The trade war has accelerated regional economic integration in Asia, with ASEAN-China trade growing by 31% over the past two years [22] - The shift towards alternative currencies for trade, such as the use of the yuan for oil transactions by Saudi Arabia, indicates a potential decline in the dominance of the U.S. dollar [20] - Historical precedents suggest that protectionist policies, like those initiated by Trump, ultimately harm the initiator rather than the intended targets [24]