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Trump’s Tariffs Could Reshape the US Tech Industry
Apple, Amazon, and other tech companies reliant on global supply chains stand to lose the most from Trump's trade policies, but some software firms expect more demand for their services.
In addition to introducing sweeping tariffs, Trump signed an executive order on Wednesday ending a trade loophole for packages from China and Hong Kong that allows American consumers to directly import goods to the US valued under $800 without paying anything. Ram Ben Tzion, cofounder and CEO of Publican, a digital shipment vetting platform, says he believes Trump intends to use eliminating de minimis as a bargaining chip in negotiations with China, because if the policy is really scrapped and replaced by high tariffs, it could radically reshape online shopping as Americans know it. Almost immediately after the tariffs were announced, defense contractor Palantir published a blog post promoting an artificial intelligence service that it boasted integrates “a wide array of data sources” that can help businesses ensure that “tariff-related decisions consider the full operational context.”
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