10/4/2025–|Last update: 10/4/202511:18 PM (Mecca time)
The world, especially the financial markets, were affected by US President Donald Trump’s decision to suspend comprehensive customs duties for 90 days, between a winner and a loser.
Trump suddenly suspended customs duties, yesterday, Wednesday, hours after it entered into force, which led to a sharp decline in stocks for days amid a state of volatility.
After retracting the customs duties, the stock prices wore up, and the Standard & Poor’s 500, the largest American index, achieved its largest daily gain since 2008 by 9%, while the Dow Jones Index increased by about 3 thousand points, and the NASDAC index increased by 12%.
Some business leaders received this step comfortably, but not everyone was spared the repercussions. China has been subjected to larger customs duties, which Trump said was caused by the revenge customs duties imposed by Beijing on the United States.
Winners
According to a report published by the Business Inston website, the biggest winners of the customs duties were as follows:
Airlines and travel companies
Travel companies witnessed some of the largest gains of the American stock market during the Wednesday session as follows:
- United Airlines shares price increased by 26%.
- Delta Airlines shares increased by 23%.
- The cruise companies have done well.
- Norwegian Cruz Line Holdings increased 19%.
- Carvele Corp increased 18%.
- Expeeda Group increased by 18%.
“Not only the airlines, but all travel companies were the winning today in Wall Street,” said Amir Elon, President and CEO of Longoodes International Consulting for Travel and Tourism Market Research.
Elon added that two main problems faced by travel companies due to customs duties are the increase in the costs of suppliers on goods such as aircraft spare parts, hotel supplies and building materials, in addition to the fear that high prices throughout the economy will weaken travel spending.
https://www.youtube.com/watch?v=yscwrvbubo
Semiconductor companies
Intel and Enfidia, and many other semiconductor companies were among the largest winners of the price of their shares yesterday, and the price of Intel and Envideh’s share increased by 18%.
Despite the exemption of semiconductors, or chips, from customs duties, Emma Kosagrov of Bernstein earlier this week reported that other components are used in products where chips are used may be affected.
“We are not completely sure than it must be done about all this. Most semiconductors enter the United States … the customs duties are likely to have a greater impact on them, and therefore the secondary effects are likely to be more important.”
Tesla and Eileon Musk
The share of Tesla 22% increased yesterday, which is likely to serve as a restricted break for a company facing severe negative reactions and a decrease in its share price for months.
Tesla CEO, Elon Musk Krabeh, has also emerged, partly due to the high price of the stock, and according to the Bloomberg Billionaires Index, his net wealth increased to 326 billion dollars, from 290 billion dollars when the market is closed yesterday, which is its lowest level since November.
Mask announced the customs duties publicly in recent days, and attacked Trump’s commercial advisers, Peter Navarro, so the suspension of customs duties had granted billionaire what he wanted.
Losers
China
Unlike the US trading partners, China has been excluded from the suspension of customs duties, and Trump stated that it would raise the customs duties rate on China in response to reprisal customs duties, and the total new customs duties rate on imports from China reached 125%.
The prominent economic expert and trade expert at KBMG, Megan Martin-Sonberger, and some other economists, noted that the increase in customs duties on China raises the actual customs duties rate.
Amazon
Although Amazon’s share price increased by about 12% on Wednesday, exorbitant customs duties on China may cause problems for the online retail company; Because many of the products you sell, whether directly or through external sellers, come from China.
The chief technology correspondent in Business Insider, Eugene Kim, known for his knowledge of Amazon affairs, wrote that Morgan Stanley estimated that Amazon is the most affected e -commerce company in Trump’s customs duties, noting that the products it sells that come from China will not be available significantly.
Generally, according to the report, if the stock market is an indication, there was not many losers from the suspension of customs duties, only 9 companies out of the Standard & Poor’s 500 index witnessed a decrease in the value of their shares on Wednesday.
However, the time will appear what will happen later, including whether customs duties will be resigned or if the uncertainty and the repercussions of this ordeal will leave permanent effects that are not yet clear.
No winners .. No losers
Martin-Sonberger said that “winners and losers” may not be the best way to assess the situation; Although most countries have received a break, the high customs duties on China, Canada and Mexico actually raised the actual customs duties rate to what was more than it was without any changes.
She added that these drawings are likely to push countries to use other countries to avoid customs duties.
