Trump's first wave of tariff policies is about to be introduced, somewhat unexpectedly, as Trump has targeted Mexico and Canada with the first round of tariffs, preparing to impose a 25% tariff on goods from these two countries. At the same time, Trump is also preparing to impose an additional 10% tariff on goods from China.
Trump's first tariff cut aimed at Canada and Mexico is not really about collecting taxes, but mainly to address fentanyl drugs and illegal immigration.
Mexico is the neighbor to the south of the United States, and its social management is very chaotic; most illegal immigrants and fentanyl drugs in the U.S. come from Mexico. One of Trump's most important campaign slogans is to solve the illegal immigration problem.
The market generally expects that Trump's first tariff cut will target Southeast Asia, as Chinese companies usually set up factories in Southeast Asia as their first step in going abroad. This wave of tariffs will negatively impact companies in the Tesla supply chain, as they have set up factories in Mexico to avoid tariffs, and it is expected that there will be some impact.
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