David Webb表示，美國貿易代表辦公室用計算對方關稅的公式非常粗糙，以與每個國家或地區的商品貿易順差除以進口，如果該國幾乎不購買美國商品，那麼該公式會得出接近100%的數字，因此一些世界上最貧窮的國家，提供最低成本勞力製作最勞動密集型商品，如玩具、鞋子、服裝和成品電子產品，會被認為是「最嚴重犯規者」。 最大的關稅影響將集中在勞動密集型製造業國家，包括中國、越南、柬埔寨、泰國、馬來西亞、印尼、印度、巴基斯坦和孟加拉國。由於對這些國家的關稅水平都相當（約50%），美國進口商將無法找到替代選擇，或者至少無法迅速替代這些製造基地。因此，進口商對供應商的談判能力有限，只能支付關稅並提高向美國消費者收取的價格。 對於關稅能否讓製造業工作重回美國，David Webb認為並不能做到，因為即使有50%的關稅，在美國設立工廠生產運動鞋、襯衫、棒球帽或軟玩具也不會具有經濟效益，進口這些商品仍然會更便宜。即使是智能手機的製造，所需的勞動力也太多，無法在美國完成，因此美國消費者最終將承擔成本。另外，特別是對於可選消費品，更高的價格會影響美國消費者對這些產品的需求，例如在舊手機仍能正常使用時不會更換手機。 另一方面，來自美國需求減少，將影響來自受影響國家進口，除了不能彌補貿易逆差，也貧窮國家不能夠購買更多的美國商品。 David Webb認為，亞洲製造企業在很大程度對美國進口商有更大議價能力，除非是因可選購商品需求下降導致某些行業出現過剩產能，出口減少導致的貨幣影響可能會對價格有所幫助，因為它降低了以美元計算的勞動成本。 對於大額購買，David Webb認為還會出現其他有趣的影響，例如美國公民會更傾向於前往其他地區，特別那些銷售稅為零或較低的地區，購買可以攜帶或穿回美國的任何商品，「因此，香港旅遊業應該會因美國遊客來尋找下一部iPhone或運動鞋而受益」。 其他報道 【久利生專欄】美股加密潮起 香港快追落後？ 健倍苗苗完成1.71億元收購天喜堂藥廠 遠展及周企持股近一成澳洲賭企星億  未就9.4億澳元融資達協議 勵駿創辦人周錦輝轉讓9.5%持股予第二大股東李志強夫婦 全日沽空金額增92% 恒生中國企業增2倍 比率升至49% 恒指收市跌352點 失二萬三 成交增至2894億 北水流入287億 3周最多 標普：關稅拖累內地經濟 最壞情况內銀不良資產比率或至升6%以上 孫宇晨：已就FDT欺詐事件報案 提供5000萬美元賞金 美國「對等關稅」出台 施永青：特朗普「小學雞」智慧 令人擔憂 鄭志剛認購紫元元可換股債  後者股價大升逾15%成GEM板之冠 李嘉誠捐贈兩「治癌神器」予新加坡 李顯龍太太何晶以廣東話道謝 香港快運今日重啟日本石垣及越南芽莊航線 比亞迪將擴大韓國銷售網絡 GUM：強積金人均首季賺9126元 小米曾升4.6% 小米SU7車禍罹難者家屬刪除相關帖文 渣打：美國對「中國+1」國家徵收更高關稅 今年出口佔GDP貢獻將下降 拼多多未來3年斥逾1000億人幣 提升平台電商生態及流量 【有片：埋身擊】特朗普關稅政策出爐 美元兌日圓及日經指數料持續走低 日經濟產業大臣：美方實施對等關稅令人遺憾 會繼續敦促豁免 應收帳增逾800億元人幣 中冶：因工程結算周期變長及應收政府款項大升 快狗打車：去年越南GoGoX穩健增長 收入按年升43% 半日沽空金額增74% 恒生中國企業沽空增4倍

Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025. Shawn Thew | Afp | Getty Images In the past few years, Apple has sold Americans iPhones made in India, AirPods from

Investors are searching for clarity, and they could get a lot of answers soon. The first quarter of 2025 was quite a roller coaster for investors. After the S&P 500 (^GSPC -4.50%) hit a new all-time high in mid-February, the benchmark index fell for four weeks straight, quickly dropping into correction territory. While stocks recovered

A trader is comforted by a coworker as they work on the floor of the New York Stock Exchange. Eduardo Munoz Alvarez / Getty Images The Magnificent Seven stocks collectively lost more than $800 billion in Thursday trading, the latest milestone underscoring how President Donald Trump’s tariff rollout has crippled financial markets. Taken together, the

A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 3, 2025. Charly Triballeau | Afp | Getty Images Small-cap stocks, which were once thought to be primary beneficiaries of President Donald Trump’s policies, entered bear market territory on Thursday after a

Harun Ozalp | Anadolu | Getty Images Bitcoin and other cryptocurrencies were under pressure Thursday after President Donald Trump’s big tariffs reveal jolted the stock market. The price of the flagship cryptocurrency was last 5% lower at $81,479.77, according to Coin Metrics. Ether fell 7% and the token tied to Solana dropped 13%. Meanwhile, stocks

As President Donald Trump rolls out sweeping new tariffs on goods imported into the United States, Americans are growing increasingly pessimistic about their financial fate. Consumers worry that the duties will cause inflation to flare up again, while investors fear that higher prices will mean lower profits and more pain for the battered stock market.  As of Thursday

Stocks fell sharply in response to President Trump’s sweeping tariff announcement Wednesday. The U.S. will impose a minimum 10% tax on nearly all imports, with much higher levies on goods from dozens of countries. Spencer Platt/Getty Images North America hide caption toggle caption Spencer Platt/Getty Images North America President Trump’s sweeping tariff announcement Wednesday triggered

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email Investors braced for a rocky stock market one day after President Donald Trump announced his “Liberation Day” plan – across-the-board tariffs on the U.S.’s trading

New York CNN  —  There is nowhere to hide in the auto industry from President Donald Trump’s auto tariffs, according to former Ford CEO Mark Fields. “The cost of vehicles will go up. It’s just math. The bottom line is there is absolutely no vehicle that won’t be impacted by tariffs,” Fields told CNN in

Tom Espiner BBC business reporter EPA Global stock markets fell on Thursday as investors reacted to US President Donald Trump’s sweeping announcements on tariffs. The UK’s FTSE 100 share index fell 1.5% and other European markets were also lower, echoing falls seen earlier in Asia. While stocks fell, the price of gold, which is seen

The tariffs announced by US President Donald Trump target not only economic superpowers but also financial minnows. A White House list notes some territories with no economy, and no people, at all. That is the exact case of the uninhabited Heard Island and McDonald Islands, an Australian territory in the southern Indian Ocean that was

Image source: Getty Images Generally, a stock-market crash is a drop of 20%+ from a recent peak. Similarly, a correction is a fall of 10%+, but under 20%. Currently, the S&P 500 index is nearing a correction, but the Nasdaq Composite is close to a crash. US stocks tank Bad news for global investors: US

U.S. President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Chip Somodevilla | Getty Images Markets have turned their sights on how U.S. President Donald Trump’s administration arrived at the figures behind the sweeping tariffs on

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters

CNN  —  President Donald Trump’s auto tariffs, which went into effect at 12:01 am ET on Thursday, have the potential to upend a crucial American industry and raise the cost of tens of millions of cars sold every year across the country. Many products are likely to be subject to higher prices due to the

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email Newsmax’s rollercoaster debut on the New York Stock Exchange continued on Wednesday when the network’s shares tumbled nearly 80 percent. The dive wiped out most

Share Britain: ‘Nobody wants a trade war’ Shortly after Trump’s announcement, the British government said the United States remains the U.K.’s “closest ally.” Business Secretary Jonathan Reynolds said the U.K. hoped to strike a trade deal to “mitigate the impact” of the 10% tariffs on British goods announced by Trump. “Nobody wants a trade war

After getting into a car accident last month, Debbie Boyd held out hope that her Chevy Volt could be repaired. But the car was declared a total loss on Monday, three days before President Trump’s 25% tariff on imported cars and light trucks is set to go into effect. “It’s like the worst timing imaginable