Meta could take a $7 billion hit this year because of Trump's tough China tariffs

This photo illustration created on Jan. 7, 2025, in Washington, D.C., shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo. Meta's core online advertising business could take a $7 billion hit this year due to President Donald Trump's tough China tariffs impacting retailers in the country. That's according to a MoffettNathanson research note published Tuesday that analyzes the potential impact of China-linked retailers like Temu and Shien slashing their Facebook and Instagram advertising budgets amid the U.S. and China trade dispute. The MoffettNathanson analysts pointed to Meta's latest annual report in which the company revealed that its China revenue was $18.35 billion in 2024, equating to a little over 11% of total its total sales. Like other analysts, MoffettNathanson believe Temu and Shien comprise the bulk of Meta's China business, and if those online retailers cut back on their ad campaigns this year, the social networking giant's 2025 ad sales coul ... Read full article.