South Korean media: "Don't buy American products", global boycott of American movement!
On May 2, South Korean media "Sekyeong Ilbo" published an article stating that with people increasingly fed up with the trade war initiated by U.S. President Trump, a boycott of American products is spreading to every country. Some analysis suggests that economic losses may reach approximately 130 trillion won (about 677.3 billion yuan RMB).
The Mexican Ministry of Economy launched the "Made in Mexico" campaign in February this year. Its purpose is to foster competitiveness in Mexican products and consolidate the economic foundation.
Due to the public's strong dissatisfaction with President Trump's trade war, the citizens are actively responding.
A citizen in Mexico City said, "Because of what is happening in the U.S., such as imposing tariffs, we are trying to consume more domestic products."
China, which has also been targeted by President Trump, has seen a boycott of American products gaining momentum.
According to social media reports, they are moving away from representative American products like Nike and Starbucks, opting for domestic products instead. A Chinese airline even postponed purchasing Boeing aircraft.
They also expressed confidence that this incident would become an opportunity to strengthen China's industrial competitiveness.
Western countries like Canada and Europe, once traditional allies of the United States, are no exception.
A movement boycotting Tesla, an electric vehicle company led by CEO Elon Musk, is already underway, with many canceling or postponing trips to the U.S.
If Trump advocates "America First," the call for Europe to unite against it is growing louder.
Tourism in the U.S. has been affected. Due to a decrease in foreign tourists, airfare, hotel prices, and car rental prices all dropped in March.
Goldman Sachs analysis indicates that travel reduction and boycotts could result in losses of $90 billion, equivalent to 0.3% of U.S. GDP.
Original article: https://www.toutiao.com/article/1831009717254144/
Disclaimer: This article represents only the views of the author.