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Despite promises to make America great again, President Donald Trump’s decision to impose a sweeping set of tariffs — an event he termed “Liberation Day” — rattled global markets. Among the hardest-hit sectors was technology. Thanks to the interconnectedness of the global supply chain, aggressive trade wars are simply bad for business, at least in the near term.
Granted, the idea is that over the long run, the Trump tariffs should protect and bolster domestic enterprises. Investors will understand the efficacy of the measures soon enough. In the meantime, there are plenty of tech giants that have suffered heavy losses. It naturally raises the question: which names will rise above the muck?
