Trump's Tariffs Impact Tech Industry
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tariffsWired
•Technology
Technology
Trump’s Tariffs Could Reshape the US Tech Industry
80% Informative
US President Donald Trump announced sweeping tariffs on Wednesday .
The measures 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 .
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.
Trumped slapped a 25 percent tariff on Mexican and Canadian imports, only to walk it back a couple days later .
Nuvocargo is forecasting an increase in customer activity for April, May , and June .
Nick Vyas , founder of the Randall R. Kendrick Global Supply Chain Institute, says tariffs are ultimately a tax that gets passed onto consumers.
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