AlphaSense：2025关税影响报告：企业高管情绪、行业风险与经济影响分析（英文版）（25页）.pdf

1、Tariff Impact Report 2025 Executive Sentiment,Industry Risks,and Economic ImplicationsApril 2025Whats Inside1 Introduction3 CHAPTER 1 Macroeconomic Impact Ed Moya,Senior Macro Analyst8 CHAPTER 2 Technology,Media and Telecom Michelle Brophy,Director of Research,Technology,Media and Telecom12 CHAPTER

2、3 Energy&IndustrialsXavier Smith,Director of Research,Energy&Industrials16 CHAPTER 4 HealthcareSara Mallatt,Director of Research,Healthcare19 CHAPTER 5 Consumer Goods22 CONCLUSION Looking ForwardIntroductionStarting with the Trump administrations tariff announcement on April 2,markets began a roller

3、-coaster ride as companies,investors,and consumers assessed how the newly implemented and planned tariffs would affect every aspect of the economy.The 90-day pause of reciprocal tariffs on April 9(excluding China)provided some breathing room,but several new tariffs remain in effect,including on cars

4、,steel,and aluminum as well as a new 10%global tariff.The Trump administrations abrupt and scattershot tariff actions triggered historic market volatility,wiping out$10 trillion in stock value and sparking fears of recession,retaliatory trade battles,and deepening global economic fragmentation.As ea

5、rnings season unfolds and the Federal Reserve adopts a cautious stance,investors are now weighing the dual impact of trade uncertainty and Trumps expansive fiscal agenda including major tax cuts and deregulation on growth,inflation,and financial stability.While almost every facet of the economy will

6、 feel the effects of the Trump Administrations tariffs,at a sector level,the severity of the impact will vary.The technology sector and in particular semiconductor and hardware companies is facing significant disruption as President Trumps tariff policies are driving up costs,destabilizing supply ch