#TariffsPause

Trump's 104% tariff plan may hurt China, but it will significantly impact several major US companies first. Here are the 10 US giants that will likely take the hit ¹:

- *Apple*: With 90% of its products made in China, iPhone prices will likely surge due to increased tariffs.

- *Ford*: Electric vehicles rely heavily on Chinese batteries and chips, which will become more expensive with tariffs.

- *Tesla*: Since Shanghai produces half of its cars, Tesla will face increased costs due to total battery dependency.

- *Walmart*: With 80% of its goods sourced from China, low prices may become a thing of the past.

- *Qualcomm*: Generating 66% of its revenue from China, Qualcomm risks being replaced due to the tariffs.

- *Micron*: Already banned in China, tariffs could be game over for this US company.

- *Boeing*: With 20% of its sales to China, Boeing may lose market share to Airbus if China retaliates.

- *Nike*: Price increases could lead to European rivals gaining market share.

- *GM*: Selling more Buicks in China than in the US, GM's electric vehicle plans may be exposed to significant risks.

- *Coca-Cola*: Dependence on China for cans and sweeteners will increase costs.

The impact of these tariffs is already being felt, with the US raising tariffs on Chinese goods to 125% and China retaliating with an 84% levy on US imports. However, Trump has announced a 90-day pause on tariffs for some countries to allow for negotiations, while maintaining a 10% tariff on most global imports .