The tariff war triggered by Donald Trump has unleashed chaos in the bags. From the United States to Asian bags through Europe. Everything falls and the perspectives are not good. And, along the way, we begin to see the consequences that are hardly affecting technological and automotive.
One of the most marked is Tesla, who lives in his own chaos.
April 2. Just five days ago Donald Trump unleashed the storm. It was April 2 in the United Statesthe edge of midnight in Europe and were already well entered in April 3 in Asia. The announcement of imposing tariffs with a flat rate of 10% to almost all countries in the world and elevate them to those that the president of the United States considers that they are doing special damage to his country unleashed chaos.
Since then, the consequences have happened. Europe warns that April 9day in which the new tariffs should go into force if nothing remedies it, will vote what measures it takes against the United States. China has also made it clear that April 10 Equal 34% tariffs That the Trump administration has imposed them if they do not withdraw before or reach an agreement.
The chaos. Since then, The bags have been immersed in chaos. Since last Friday, when China answered the United States, the drop in the bags was confirmed. Collapses in the United States of 10%, the Nikkei playing minimums since 2023 or the German stock market falling almost 10%. In Spain, Ibex35 is falling 5% and has already fallen more than 10% since the Chinese reaction was announced last week.
Since Donald Trump announced the new economic measures, there are great losers in the commercial war. Apple, who was trying to diversify its production and partially leave China, has lost 15% because Tariffs will continue to impact in countries where it has been carrying its production. Nvidia has suffered similar falls and Microsoft has fallen 5% since April 2.
Other of the companies that are suffering most are the textile -related. Nike has left more than 10% in the last five days and between April 2 and last Friday almost 20% had left but the shares have rebounded. Adidas has also fallen almost 20%. Under Armor exceeds 15% fall. LVMH (which has luxury brands such as Loewe) has left more than 12%.
The automakers. But there is a sector that tariffs especially impact. The entry of cars to the United States and parts to produce cars within its borders It is taxed with 25%. Steel and aluminum, keys in this sector, also now cost 25% more.
That has made shipments from Mexico and Canada paralyze or that some plants have already begun to Send your workers home with the aim of reducing production. From Trump’s announcement, Honda has fallen more than 10%, Toyota approaches 15% fall. Stellantis approaches 20%. Mercedes, Volkswagen or BMW also leave more than 10%.
Benefit? Tesla was one of the few companies that I could get unscathed from the situation. Everything that sells in the United States manufactures it internally and its shipments to China are almost exceptional. Almost everything he sells in China produces it in China. In terms of trade between the United States and China, the company would have no problem.
Yes there is clouds that can worry. China has taken years to allow Tesla to operate with advanced driving aid system. For this he has forced him to associate with Baiduwhat Elon Musk’s assumed aware that it is A key piece in the puzzle of its future economy.
It remains to ask if China can press by cutting the tap to concrete companies. Tesla can be key since the use of data for autonomous driving are extremely sensitive to the Chinese state and does not want them to leak to the United States. Alleging these same national security concerns, from the United States they want prohibit the entry of Chinese cars or with Chinese sensitive pieces to the country.
A strong fall. In spite of everything, the fall in Tesla’s actions are being considerable. On April 2, Tesla’s shares were quoted above $ 280. Today they are paid at $ 239 in a drop of approximately 15%.
However, the data reflect the enormous volatility of Tesla’s actions. That same day April 2, the shares had started a little above $ 250. The alleged strength against the rivals caused the shares to rise in price but The data of your first quarterthe Chinese reaction and the rumors of Elon Musk of the United States Government have left the shares below the aforementioned 240 dollars.
A crack. It is the one that has opened between Donald Trump and Elon Musk. The billionaire and owner of Tesla said he expected an agreement between the European Union and the United States. “They should advance ideally, in my opinion, towards a situation of zero tariff, effectively creating a free trade zone between Europe and North America,” he said in a video connection during a league congress, the ultra -rightist party led by Matteo Salvini and that Try to get to the Government of Italy.
Words picked them up The avant -garde and opens a crack between Elon Musk and Donald Trump’s speech that had so far walked together. Just when Elon Musk is losing a fortune with the fall in the price of Tesla’s shares and everything indicates that Your departure as Executing arm of mass dismissals In the United States it will be sooner rather than later.
Uncertainty. The truth is that fluctuation in the price of shares Between advertisement and counting related to the tariffs filed between the United States and China they obey the volatility of Tesla shares and the response of investors guided by the latest news rather than to the real economic background of the company.
However, it is true that deliveries in Q1 of 2025 have been very bad. In China they seem to have recovered the usual rhythm after modernizing the productive lines to give exit to Tesla Model and but It remains to be seen what is your performance in United States and Europe in the coming months.
Although Tesla’s first trimester is always the worst of the whole year for the registration hangover of the previous year, The 336,000 deliveries between January and March It is a figure that was not seen from the Q2 of 2022 and they are 50,000 units less that in the same period last year.
Photo | Gage Skidmore and Guillaume Périgois
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