U.S. Markets open in 7 hrs 44 mins

Trump’s tariffs against China are hurting U.S. tech companies instead

MarketWatch
Trump’s tariffs against China are hurting U.S. tech companies instead

The latest tariffs enacted by the Trump administration against China are not expected to help solve the problem of intellectual-property theft from American companies, and instead could hurt U.S. companies, especially in the technology sector. When corporate earnings-reporting season begins this week, investors will hear from companies about what kind of impacts they expect to see or are seeing from the tariffs on $200 billion in Chinese goods, whether on their bottom lines or their overall businesses. So far, a few tech companies have begun to warn about issues in the supply chain, the need to raise prices or take hits to their profits, due to the extra costs that tariffs of initially 10% on