The United States' tariff policy repeatedly criticized, analysts say the technology industry will be greatly impacted!

President Trump announced on Saturday that starting from August this year, a 30% tariff will be imposed on goods imported from Mexico and the European Union. This decision has caused confusion and concern in many countries and industries. Throughout this week, Trump has sent new tariff letters to more than 20 countries excluding the EU, claiming that tariffs ranging from 20% to 50% will be imposed on these countries, with Brazil being threatened with a 50% tariff. Countries that have not received the letters will face tariffs ranging from 15% to 20%. Former U.S. chief trade negotiator Wendy Cutler stated that Trump's recent actions highlight the increasing unpredictability, inconsistency, and toughness of his trade policy. This makes it difficult for trading partners to determine whether Trump's position will change on any given day. According to CCTV's report, Trump's sudden changes have also sparked criticism and opposition from several European countries, with French President Macron expressing willingness to retaliate. Representatives from various industries within the EU are also feeling uneasy. Cyrus de Rubia, Chief Economists at Hamburg Commercial Bank in Germany, pointed out that the EU should take a tough stance in negotiations because models show that the negative impact of imposing tariffs on the EU outweighs the impact on the Eurozone. He also emphasized that Trump has ignored the fact that the effects of higher inflation, higher interest rates, and economic slowdown caused by tariffs typically manifest with a lag. The so-called "big and beautiful" bill is not enough to offset these negative effects. Concerns in the tech industry The unpredictable tariff policies of the Trump administration have sparked widespread dissatisfaction internationally. Matthew Goodman, director of the GEO Group Inc Economic Research Center at the U.S. Council on Foreign Relations, stated that countries that have not received the tariff letters will not stand idly by, and people are becoming increasingly resentful and resistant to the most extreme demands of the United States. On the other hand, these trade policies will also have adverse effects on the development of the United States. Gene Munster, Managing Partner at asset management company Deepwater, stated that Trump is taking two steps forward and one step back, which means greater uncertainty for large tech companies as any changes may not begin to materialize until the middle of the third quarter. He pointed out that some tech companies face significant risks, such as NVIDIA Corporation (NVDA.US) which, although granted a tariff exemption in the short term, may still be subject to individual restrictions by Trump; Apple Inc. (AAPL.US) is facing increasing pressure as the Trump administration forces it to produce electronic products in the U.S. or face a 25% tariff. Beyond the tariff threats, uncertainty poses a more difficult-to-price risk for companies. Bob O'Donnell, President and Chief Analyst at TECHnalysis Research, questioned whether this round of Trump tariffs will be another TACO tariff. TACO stands for "Trump Always Cuts Off", an English abbreviation used to criticize the Trump administration's behavior of quickly postponing the effective date of the tariff after announcing equal tariffs in April due to the market plummeting. Some analysts have recently warned that the strong upward trend in the U.S. stock market in recent weeks has made the Trump administration bolder and more adventurous on tariff issues, which could lead to a sudden and more fierce market correction. Source: Caixin, Author: Ma Lan, Edited by GMTEight: Chen Qiuda