From the perspective of the industrial chain, how tariff shocks change capital flow directions

From an industrial chain perspective, the impact of the US-Europe tariff dispute goes far beyond bilateral trade itself, representing a re-disruption of global industrial division of labor. When tariff barriers rise, companies are forced to reassess their production layouts, and capital and orders begin to shift toward regions with lower costs and more stable policies.
In the capital markets, these changes are often reflected in sector rotation. Traditional manufacturing industries reliant on exports face short-term pressure, while industries driven by domestic demand and with strong regional substitution capabilities tend to resist declines. Meanwhile, some countries and companies benefiting from supply chain restructuring may gain new growth opportunities in the medium to long term.
For investors, the tariff dispute is not just a risk event but also a potential structural opportunity. The key is to distinguish between “short-term emotional shocks” and “long-term industry trends.” Blindly following emotional sell-offs can lead to missing subsequent recovery opportunities; however, ignoring policy uncertainties can also underestimate potential risks.
Therefore, under the context of tariffs, asset allocation should emphasize diversification and flexibility. Focusing on the direction of industrial chain adjustments is more practically valuable than simply betting on macro conclusions. #欧美关税风波冲击市场