Trump's Tariffs Are a Bruising Defeat for the AI Industry
If you follow tech stocks with any regularity, there's probably one thing on your mind today: President Donald Trump's tariffs. Yesterday, Trump announced his long-teased "reciprocal tariffs" on foreign imports coming into the US. Among them are a 32 percent tariff on Taiwan, 24 percent on Japan, 26 percent on India, and 34 percent on China — all major players in the global tech trade. As a result, the magnificent seven (M7) stocks — a stock trader term for the whales of the tech industry — are in a freefall today, as investors sell off their shares to brace for […]
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https://futurism.com/trump-tariffs-ai-industry-mag7