US tech firms feel pinch from China tariffs

Deena Ghazarian, founder of Austere, faced near bankruptcy in 2019 due to Donald Trump’s tariffs on Chinese imports. Now, history is repeating as Trump, in his second term, has raised tariffs on Chinese, Mexican, and Canadian goods, significantly impacting US businesses. The new tariffs, broader in scope, affect.

Key tech imports, with firms like Best Buy and Acer, are warning of rising prices. While companies have diversified supply chains, China remains central to global tech manufacturing.

Trump’s tariffs could escalate trade tensions, with China, Mexico, and Canada threatening retaliation. Businesses, including Austere, are bracing for uncertainty by stockpiling inventory.

Ghazarian laments having to focus on survival rather than growth, as the US business climate remains volatile under Trump’s trade policies.