11:22 AM EDT, 04/08/2025 (MT Newswires) -- US President Donald Trump's tariffs on China will create a "category 5 price storm" for tech consumers in the US and drive global market share gains for Chinese tech companies over the coming years, Wedbush Securities said in a Tuesday note.
"50% China tariffs, 32% Taiwan tariffs would essentially cause a shut-off valve from the US tech landscape and in the process cause every electronic to go up 40%-50% for consumers," Wedbush said.
Trump's plan understates the complexity of Asia's supply chain, leaving US companies like Apple ( AAPL ) , Nvidia ( NVDA ) , Microsoft ( MSFT ) , and Advanced Micro Devices ( AMD ) vulnerable, according to the investment firm.
The tariffs would also cause a significant slow down in the "AI Revolution trade," Wedbush analysts said.
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