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Tech Giants Reeling from Trump’s Tariffs, Antitrust Push, and Policy Volatility

Despite efforts to align with Trump’s administration, Big Tech faces financial losses, regulatory scrutiny, and trade disruptions in Trump’s first 100 days.

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Overview

  • Tech leaders, including Zuckerberg, Bezos, and Cook, made overtures to Trump through donations and attendance at his inauguration, but have seen limited policy benefits.
  • Trump’s fluctuating tariff policies, including a 145% tariff on Chinese imports, have disrupted tech supply chains, despite temporary exemptions for electronics.
  • The FTC has launched a probe into content moderation practices, while antitrust lawsuits against Meta and Google continue to advance under the Trump administration.
  • Trump’s revocation of Biden’s AI safety order and the pending release of an AI policy have created uncertainty for tech firms navigating innovation and regulation.
  • Tech billionaires, including Musk and Zuckerberg, have collectively lost $193.6 billion in net worth, driven by stock declines linked to trade tensions and export restrictions.