Trump’s Tariffs Could Reshape the US Tech Industry

Sweeping tariffs unveiled by US President Donald Trump on Wednesday will have ripple effects across the tech industry, according to experts who study global trade. The measures, which include a minimum 10 percent tariff on all countries and steep new import duties on key US trading allies like Europe, China, Vietnam, India and South Korea, sent stocks nosediving in after-hours trading. Meta and Nvidia stock prices each fell by around 5 percent, CNBC reported, while Apple and Amazon fell around 6 percent. The iPhone maker earns roughly half its revenue by selling phones that are manufactured in China and India, while some of its other products are manufactured in Vietnam. Amazon’s online shopping marketplace is similarly heavily dependent on goods sold by third-party merchants in China. These market dips may be just the beginning. Many economists warn that the White House has set in motion one of the largest shifts in global trade in decades, and among the results could be higher pric ... Read full article.