关税风暴下，哪些行业将受到冲击？

Core Viewpoint - The article discusses the implications of the recent trade tensions initiated by the Trump administration, highlighting both the sectors that may benefit and those that may face challenges due to increased tariffs and trade barriers [3][4]. Beneficial Industries - Semiconductors: The increase in tariffs is aimed at promoting the return of manufacturing to the U.S., particularly in high-tech industries. This situation is expected to benefit domestic semiconductor companies as the competitiveness of imported mature process chips declines in the Chinese market [6][7][8]. - Agriculture: The imposition of tariffs on U.S. agricultural products, such as soybeans and corn, is anticipated to support domestic prices. The focus on self-sufficiency in seed technology is expected to accelerate domestic agricultural innovation [9][10]. - Blood Products: The increase in tariffs on U.S. blood products is likely to enhance the competitiveness of domestic alternatives, as the price advantage of imported products diminishes [11]. - Duty-Free Industry: The new "immediate refund" policy for duty-free shopping is expected to boost the duty-free sector, with significant sales growth reported in recent months [12][14]. Challenging Industries - Consumer Electronics: The trade war has led to increased production costs for companies like Apple, which may result in higher prices for consumers and potential declines in sales [15][16]. - Medical Supplies: The medical low-value consumables sector, particularly products like syringes and needles, is expected to face significant challenges due to increased tariffs, which will reduce price competitiveness in the U.S. market [17][18]. - Shipping and Non-Ferrous Metals: The potential decline in global trade volumes due to escalating trade tensions is likely to adversely affect the shipping industry, particularly container and dry bulk shipping [19][20]. Dual-Edged Sword Industries - Banking: The banking sector may experience indirect impacts from high tariffs, with potential increases in non-performing loans in manufacturing and reduced credit demand. However, high dividend yields may attract investors seeking stability [21]. - Insurance: The insurance industry faces mixed effects, with potential growth in demand for savings-type products due to market uncertainty, while investment returns may be pressured by market volatility [22]. - Home Appliances: Companies in the home appliance sector may benefit from domestic consumption policies, although those heavily reliant on exports to the U.S. may face increased costs and competitive pressures [23][24].