Tech’s Biggest Trade War Losers

Trump’s aggressive trade moves mean every U.S. tech company, large and small, now faces threats to its business.

A pullback in e-commerce and ad spending could hammer Amazon and Meta Platforms, and general macroeconomic malaise could hurt cloud computing growth. Less obvious threats, however, are brewing as a global trade war intensifies. EU retaliation aimed at digital services could hurt U.S. tech companies across the board, for instance. Another question is whether China’s counter-tariffs will deal a double whammy to Apple.