‘Don't buy American goods’ - that’s the message from some consumers around the world - protesting U.S. tariffs.
The international movement is encouraging buyers to spend their money on goods from other countries. Our correspondent Siobhan McCall reports.
#us #tariffs #trade
The international movement is encouraging buyers to spend their money on goods from other countries. Our correspondent Siobhan McCall reports.
#us #tariffs #trade
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NewsTranscript
00:00Google searches have rocketed for this term here, Boycott USA.
00:05Most are from the small European country Luxembourg. Denmark is second.
00:10As tensions rise over Greenland, its largest retailer has started putting
00:14black stars on products, so customers know they are European made.
00:19Social media users are also creating Boycott USA Facebook groups.
00:24This one from Sweden is one of the most popular.
00:27It's described as a place for consumers to express their displeasure
00:31at the US behavior towards the EU, Mexico and Canada.
00:35Well, this TikTok user has put together guides for people in the UK to avoid American brands.
00:42He says KFC and Costa are out, but Burger King is OK.
00:46America's neighbor and traditional ally has put its weight behind the boycott.
00:51Canadian apps have been launched to show you where you can buy domestically made products.
00:56And there are plenty of empty shelves after several provinces withdrew sales of US alcohol.
01:03Well, Canadians are also canceling holidays across the border.
01:07They're down 20 percent this year, and Forbes is predicting a potential
01:11four billion dollar economic loss for the United States.
01:16The tariffs backlash is also hitting Elon Musk's car company Tesla.
01:20Its value has fallen 50 percent from its December peak.
01:24That's a hit of 800 billion dollars.
01:27Tesla sales in Europe have also fallen dramatically.
01:31They were down 76 percent in Germany last month,
01:34when Musk was criticized for trying to interfere in the recent election.
01:39And once Donald Trump has come to his defense,
01:42reportedly buying a Tesla to support what he calls Elon's baby,
01:46some analysts say the president's backing could hinder rather than help the EV giant.