Trump's trade war is undulating through the business world, reaches actions again

The dominant effects of Donald Trump's overall commercial war are increasingly felt in numerous industries at the same time and on Wednesday once again they exerted pressure on US stock markets that have been dragged for weeks by their erratic commercial policies.

The stocks fell widely, with the technological existence beaten particularly strong after Nvidia are highly linked to the world supply chain warn the successes to their results.

Meanwhile, the airlines said they are preparing for an uncertain summer trip season, and the Federal Reserve Chief said he decelerated economic activity, but also showed the threat that tariffs represent for their objective of reducing inflation.

And although Trump has said that numerous countries are aligning to make agreements with the United States, progress has been slow and uncertain. The president was ready to participate personally in conversations with Japan about rates later on Wednesday.

While market volatility that exploded two weeks ago has decreased, business leaders still say that uncertainty is stagnating expense plans. The two largest economies in the world, the United States and China, remain in a complete commercial war, and the status of American conversations with the European Union, Canada and other countries is not clear.

“What was true yesterday is no longer true today, what will be tomorrow that I do not know,” said Jean-Christophe Babin, CEO of Bulgari, based in Rome, the jewelry subsidiary of the LVMH luxury giant, with respect to the American tariff policy.

The technology companies were at the forefront of Wednesday's rducts. The NVIDIA chips giant said that his sales to China would cost $ 5.5 billion in accounting positions due to administration edges in AI chips exports, while ASML, the largest supplier in the world of computer chip manufacturing equipment, said the rates have achieved the perspective of 2025 and 2026 uncertain. Other US chips equipment manufacturers could see a blow of approximately $ 1 billion per year due to levies, industry officials said to legislators last week.

The actions in general slide again on Wednesday, with the Nasdaq compound dominated by technology falling 3%, led by a 7% drop in Nvidia. Chips partner Advanced Micro Devices said he would receive a coup of $ 800 million from the curbs of the administration in sales to China.

Even more optimistic companies tempered their positivity. United Airlines maintained his profits for 2025, but unusually, he established two scenarios for the year, saying that the macro environment was “impossible to predict this year with any degree of confidence.”

Japan, the nation currently at the head of the tail in the conversations, was pushed to the position of having scheduled conversations between the Minister of Economic Revitalization, Ryosei Akazawa, and the Secretary of the United States Treasury, Scott Besent, become a meeting with Trump himself Wednesday night. The president of the United States said it would personally attend discussions to cover other non -commercial issues as it continues to focus on the trade balance of the United States with other countries.

Japan exports more than 1 million cars to the US. EU. Every year, particularly affordable models that could see that its price increases in thousands of dollars if tariffs remain in place. Some automobile manufacturers have addressed a bit of production to the US, but that is not an easy task.

“We need to have a little rest in tariffs for a period of time so we can organize to locate … and bring the base of suppliers in the United States,” said the president of Nissanamics, Christian Meunier, to Reuters, adding that the process takes years.

The president of the Fed, Jerome Powell, in a speech in Chicago, said the deceleration economy, but added that “inflation is likely to increase as tariffs find their way and that the public pays part of those rates.”

The feeling of the American consumer has deteriorated sharply since Trump increased rhetoric around tariffs in mid -February.

Banking CEOs in recent days have said that consumer spending has not dropped dramatically, but cracks are beginning to appear. Retail sales were solid in March, largely due to the best month for car sales since 2023, but other components in the spending were softer, and the expense of the service sector could begin to decrease as people are loaded in the goods, concerned about the highest prices. Retailers are also aware of this possibility, since China Discount Retail and Shein encouraged buyers to buy “now at today's rates”, saying in almost identical letters that would increase prices from April 25.

Growing on goods and equipment, both towards and from the United States, could also face a more rugged path.

“Everyone was fighting during the month of March to try to get things,” said Marko Bebek, Sales Manager of LB White, who manufactures pork barn equipment in the United States that is sold in Canada.