Wired: 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 dependenton 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 prices for US consumers and more inflation. Earlier this week, Goldman Sachs raised the probability of a US recession in the next 12 months to 35 percent, up from 20 percent.
Guardian: Trump’s tariffs – five key takeaways
Donald Trump has upended decades of US foreign policy by bringing in a vast array of tariffs that threaten to disrupt international trade. Here are some initial key points.
WashPo: Price hikes from Trump’s tariffs could start with clothing, cars and coffee
Americans will bear the brunt of President Donald Trump’s newest tariffs, with price increases kicking in almost immediately on cars, clothing, electronics and other everyday goods.
“These tariffs are going to raise prices for American people in a way that directly affects their everyday lives,” said Kimberly Clausing, a professor at UCLA Law and a former Treasury Department economist. “For consumers, this will be the biggest tax increase they’ve faced in 50 years, in the form of price increases.”
Economists say universal tariffs will lead to higher costs for virtually everything Americans buy.
“Good thing we didn’t elect Kamala Harris – think of the tax increases!”
USA Today: Trump fires top boss at NSA, nation’s elite spy agency
Warner also said it was “astonishing” that Trump would fire the “nonpartisan, experienced leader” of the NSA while failing to hold any member of his national security team accountable for the leaking classified information about war plans in Yemen on Signal, a commercial messaging app, last month.
Last Updated: 03.Apr.2025 23:59 EDT
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