Trump's Tariffs Impact Tech Sector

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Taiwan disrupt trade

The Hill

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Technology

Why Trump’s tariffs are so bad for Big Tech

Summary

Nutrition label

77% Informative

Trump announced tariffs upwards of 30 percent on both China and Taiwan on Wednesday as part of an expansive lineup of tariffs targeting imports across the board.

Apple 's stock took the hardest hit, tumbling 9 percent on Thursday and wiping out more than $300 billion in value.

About 80 percent of Apple products are made in China , including 90 percent of iPhones , 80 percent iPads and 55 percent of Mac computers.

Tesla produces all of its North American vehicles in the U.S. at factories in California and Texas , limiting its exposure to 25 percent tariffs on foreign vehicles and auto parts that went into effect Thursday .

Tesla has emphasized that it could feel impacts from retaliatory tariffs as other countries respond to the Trump administration’s recent trade moves.

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