Donald Trump’s “Liberation Day” tariffs are shocking global markets and rekindling fears of a prolonged trade war. The U.S. president may be reconsidering some of his most disruptive tariffs as he floats the possibility of a deal—but he also continues to threaten new measures on goods like semiconductors and pharmaceuticals as he tries to shake up the global trading system.
How will the tariffs affect China’s tech sector which—even just a month ago—was riding high on the success of DeepSeek’s AI model?
