Sunday, 20 April 2025

Boycott USA Working

When it comes to Donald Trump, the UK seems to be playing a game of say the right things to placate the big orange baby while trying to snuggle back up to the EU but i know politicians are saying one thing, but consumers are not quite so diplomatic and have been boycotting all things American.
'Boycott USA' messages and searches have been trending on social media and search engines, with users sharing advice on brands and products to avoid and while the people of Ireland and Scotland have been vandalising his golf courses, his close ally Elon Musk has seen protests at Tesla showrooms across Europe with Tesla cars vandalised and even set on fire in some cases while sales have slumped.
Denmark’s biggest retailer, Salling Group, has given the price label of all European products a black star, so consumers know which are US goods to avoid and in Canada shoppers are turning US products upside down so it’s easier for fellow shoppers to spot and avoid them.
The Worldwide boycott of all things American does seem to be hitting the share price of some its biggest hitter, the Trading Economics shows the prices on April 2nd when Trump announced the Tariffs and the cost as of yesterday and oh dear, its not good reading if you are a shareholder in the following companies:

Alphabet - (Google/Youtube/Blogger) Was 164.69  and now 153.00
Amazon - Was 196.02 and now 173.13
Apple -  Was 22..67 and now 197.25
Burger King - Was 96.08 and now 87.56
Meta - Was 588.58 and now 502.50
Microsoft - Was 389 and now 368.16
Mcdonald's - Was 315 and now 311.00
Tesla - Was 280.92 and now 240.89
Nike - Was 65.26 and now 55.80
Harley Davidson - Was 25.37 and now 22.10

Just for completeness and because Americans seem obsessed by it, the U.S. egg prices went from $5.51 for a dozen on 2nd April to a new record-high of $6.23 yesterday.
Can see why Trump is now backtracking on the Tariffs and why all the tech industry, which was so visible at the inauguration, are now keeping their heads down but don't worry billionaires because only another 45 months of his presidency left to go.