As the threat of tariffs from Trump may soon materialize, investors are focusing on the potential impact on the Global stock market.

According to CCTV News on Friday, White House Press Secretary Caroline Levitt stated at a briefing that tariffs of 25% on goods from Mexico and Canada will begin on February 1.

The biggest concern for the market is that this policy still carries a lot of uncertainty, such as the level of tariffs and exemptions for different Industries. Some believe that extracting accurate information from Trump's related statements will be a significant challenge for investors.

For instance, there was a lot of uncertainty about when the tariff policy would actually take effect. This Thursday, Trump stated that tariffs would start on Saturday, while Reuters reported on Friday that the tariff policy would take effect on March 1, and by Friday afternoon, the White House confirmed that the tariffs would take effect on February 1.

This also makes February 1 an important milestone. Chris Beckett, head of research at Quilter Cheviot, commented:

"Since we do not know what will happen, we must assume that almost all Commodities imported to the USA will face tariffs. Therefore, we will start to worry about retaliatory measures and a general reduction in free trade."

Gilles Guibout, head of European Stocks at AXA SA Sponsored ADR, also pointed out: "The market has priced in a lot regarding the USA tariff issue, but the risk of Trump exceeding expectations always exists."

Currently, stock markets in various countries are reacting differently to Trump's tariff threats.

According to statistics, in the 10 days since Trump first issued threats of tariffs on January 21.$S&P 500 Index (.SPX.US)$it has remained basically flat, while stock indices in Europe, Canada, and Mexico have all increased.

From an Industry perspective, some analysts believe that Auto Manufacturers such as $General Motors (GM.US)$ 、 $Ford Motor (F.US)$ and $Stellantis NV (STLA.US)$ It may be significantly affected because they have a large Business in Mexico and Canada; Auto Manufacturers.$Tesla (TSLA.US)$、 $Rivian Automotive (RIVN.US)$ and $Lucid Group (LCID.US)$ It may also be impacted.

In addition, industrial manufacturers such as $Deere (DE.US)$ 、$Caterpillar (CAT.US)$and$Boeing (BA.US)$The company may face difficulties, as USA Semiconductors manufacturers such as$NVIDIA (NVDA.US)$、$Applied Materials (AMAT.US)$and$Broadcom (AVGO.US)$may also be affected.

From a regional perspective, although European stocks may not be as significantly affected by Trump's tariffs as US stocks, they are not completely without risk. Currently, only 40% of the revenues of Stoxx 600 Index constituents come from within the EU, while 26% come from North America.

Editor/rice